VelixID - A Global Platform To Make Identity Verification Fast and Secure

Introduction

In modern world proof of identity is extremely essential more than ever. In countless areas we need this identity verification process all around the world. Below graph shows the area where we need identity verification throughout the year.

But there are lots of problems with current identity verification methods such as identity fraud, data breach etc. Users cannot give their identity documents for identity verification processos without any doubts sometimes and People have lost trust in the various schemes run by the government to collect and store the identity. According to the Forbes, BBC, Mashable, CNBC and the Telegraph, the world is losing up to $200 billion in identity fraud every year.

Why should I care ?

Absolutely It is normal someone to ask " Why should I care about my data protection ?". There are lots of reasons why you should take care about your data and privacy of them. Below are some reasons why you should take this serious.

• Identity theft - A research by Mellon University says that most 9 digit security numbers of the users can be predicted from online databases.

• Unwanted advertisements - There is a risk of using your browsing data to share with advertising agencies.

• Cyber victimization or Cyber criminals - There is a high risk of using your privacy data for Cyber criminals or a chance of blackmailing you by using your data.

• Minors' safety - Almost all teenagers are now putting their private information on social media and web. This is raising a question about the safety of those data.

Velix.ID ICO Review

Thinking about the technology of today which can provide the security required for the safety of the personal data of millions of people Isn't there any solution for that ?. Yes we have. VelixID comes with a solution for that. VelixID provides a platform for smooth identity verification. The concept may not be something new but is certainly eye-grabbing and probably it will be the future of identity verification. VELIX.ID is offering a decentralized ecosystem of personal data management based on the blockchain technology. The data is secure, transparent and stored at the decentralized location. This ecosystem will bring all the users and businesses in to a common platform to utilize the Smart contract based data sharing mechanism. By this method Identity verification and data sharing will have a new definition.

ICO information and the Team.

The project need support from the public in order to create the platform trust and transparency. For that they have created 100 Million VXD Tokens and 50 million of Tokens were available for the crowdsale and the crowdsale completed successfully.

Team

All the team members of the project have their LinkedIn links attached that provides all the required information and they are highly professionals and experienced in the blockchain field.

Advisors

Team Members

Conclusion

In modern world you will need identity verifications for almost all the things. But traditional methods doesn't cover the security of your private data and there is a high risk of hacking those data. Many times the data of public has been compromised due to lack of proper security measures by the governments and private companies. The security of the data is the prime concern for the user sharing his data with the authorities.

This is the place where VelixID comes in to the action with the modern blockchain technology and creating a safe mechanism for storing and sharing data is the prime aim of the application. As the technology progresses, the data will be the most important asset of the digital world. I think that VelixID has provided an unique solution and a secured tool for our personal data management.

For more details,

• WEBSITE: https://www.velix.id/
• WHITEPAPER: https://www.velix.id/assets/Velix.ID%20White%20Paper.pdf
• TELEGRAM: https://t.me/joinchat/EepaREQgVnyEBTlOmgwdbw
• FACEBOOK: https://www.facebook.com/VXDID/
• TWITTER: https://twitter.com/VelixId

Author's Details

• Author : Jayampathi Deshapriya
• Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1690614;sa=summary
• Bountyhive : Jaydsd
• Telegram : @jayezine