iTrue-Association of biometric identification and blocks for the development of Dapps!

iTrue combines biometric identification and blocks to develop dapps and increase the confidentiality of any transaction made by users.
Itrue Limited has just demonstrated that it is developing a remarkable platform for an innovative approach to how companies create decentralized applications. In addition, the developers trust that they improve the confidentiality of the data according to the strict European GDP. The Itrue solution will be implemented as a blocking service with a built-in biometric data authentication system. The decentralized platform will support user authentication for developers and businesses, the creation of new chain networks, and the ability to receive rewards for users after an honest data exchange.

Jack Cheng, CEO of Itrue, said the demand for highly reliable and efficient authentication systems is quite high due to the growing number of new companies offering advanced online services such as digital financial products. Itrue's main development team has created a comprehensive solution that addresses the gaps in the way these companies use their customers' data. Combining biometric, block and advanced database technologies, Itrue can improve user authentication and privacy. In addition, developers can create a wide range of decentralized applications directly within the ecosystem.

Platform to create privacy applications
The technical director of Itrue, Anton Goroshankin, said he finally discovered a way to solve the problems of modern block products through the strategy of combining the database and the block chain. As a result, Itrue is a stable and scalable infrastructure in which user data is protected against misuse or data theft. Other significant advantages offered by this ecosystem are:

The iTrue Token Ecosystem
iTrue’s blockchain-as-a-service platform enables applications to integrate authentication independent of passwords, gadgets and plastic cards — all through microservices as building blocks. But that is just one part of iTrue.

The ITU token brings together individual and business users into a single ecosystem with unlimited opportunities for scalability, under a decentralized platform for identification and data storage.

The platform itself does not sell user data. Rather, it enables users, clients, and developers to benefit from sharing and utilizing data on the platform.

Developers can build applications that take advantage of microservices, such as identity verification and authentication. Users are informed about each request for their data, and they are rewarded when they participate in data-sharing activities.

Our primary service for authentication with biometrics can be the basis of projects by third-party developers who will be able to integrate their own features and solutions into the iTrue platform

Token Sale
The token economy ensures a fair and legal framework for exchanging and storing data, wherein users, developers, and businesses are rewarded for playing a part in the ecosystem.

Information of tokens

Token name: iTrue (ITU)

Nominal price: 1 ITU = US$ 0,01

Total amount of released tokens: 8 billion ITU

All the unsold tokens: will be burnt by the smart contract

Token type: ERC20

Token Distribution
60% For Sale

22% iTrue Foundation

10% Team

7% Advisors

1% Bounty

Tokens issued to the team are on hold by a smart-contract for a period of 1 year. Tokens issued to advisors are tranched: 25% can be immediately used upon issue, while the rest will be put on hold by a smart-contract for a period of 1 year.

The iTrue foundation is aimed at motivating and rewarding developers to come onboard the iTrue platform, thus helping in enhancing scalability in terms of expansion to new markets. Tokens of the iTrue Foundation given to developers will be put on hold by a smart-contract for a period of 6 months.

What are the benefits of iTrue?

FOR INDIVIDUAL USERS

Privacy

Users have full ownership of their data, and have full control over where their data is shared

Confidence

User data is stored on a decentralized platform and never on local devices, thus ensuring better protection against failures or data theft

Ease of Access

Biometric access means never having to memorize a password again, and never having to rely on a gadget like a smartphone or credit card

Participation in Data Economy

Individual users can get benefits when they willingly provide data to clients and businesses that require it, in the form of tokens or other rewards

FOR BUSINESSES

Automation

Blockchain-as-a-service comes with authentication platform and reduces the need to build one from scratch, particularly the ID verification

Compliance with Regulation

Tokenized data sharing mechanism informs users and seeks authorization before any data is exchanged, thus complying with regulatory frameworks like GDPR

Data Exchange

Contractors who traditionally collect and process data can exchange existing data with other contractors who may hold their own data. To ensure privacy, such data sharing will still require user permission

Customized Applications

Business gain access to both turnkey solutions and developer-customized applications right within the iTrue platform

ROADMAP
Follow our roadmap as we build our scalable solution with a brand new type of storage that leverages the power of both blockchain and database models, and is at full-capacity as per Turing completeness model.

Q2 — Q4 2017

Identification of competitors and market analysis

Q4 2017 — Q2 2018

Development of technical specifications, project architecture and a system of automated human face recognition

Q1 — Q2 2018

Development of Stone storage: Fast and scalable like DB, immutable and transparent like blockchain

Q2 — Q3 2018

Development of APIs to connect microservices with Stone storage

July 2018

iTrue company registration in Hong Kong

GDPR took effect. iTrue architecture and its microservices are already designed in accordance with GDPR requirements.

August 2018

iTrue subsidiaries registration in India and Lebanon.

Filing form D 506 exemption notice for submission to SEC, opening the token sale for US accredited investors

Q3 2018

Development of mobile applications (iOS, Android) enabling the insertion of personal data to the blockchain network and face recognition for access to personal data.

Q3 2018

Token Sale

Q3 — Q4 2018

Expansion to the Arab Maghreb Union, India and the CIS. Launch of 20 pilot projects in banking, insurance, surveillance, ecommerce industries.

Q3-Q4 2018

Opening iTrue community for third party developers; Opening the platform for third party microservices developers so they can build own microservices to expand iTrue platform functionality and community.

Q3 2018 — Q1 2019

Development of a payment system and an IDV system to verify citizens of India, Bangladesh, Russia, Lebanon and Qatar

Q4 2018

Launch of the platform for Privacy Control and Data Sharing between Users and Clients. Users will be able to control their privacy and get tokens for its controlled data distribution to Clients

Q1 2019

Development of 5 additional microservices to make personal life and business processes easier and safer, available for integration to the projects of iTrue platform third party developers

Launch the platform for third party developers of applications so they can use iTrue and third party developers microservices by building enterprise/consumer apps and getting tokens on selling apps to Business and Users

Q2 2019

Launch of a fully-functional platform enabling Web 3.0 projects and DApps

Q1 — Q2 2019

Expansion to the countries of ASEAN. Launch of 50 pilot projects in banking, insurance, surveillance, ecommerce industries

Q2 — Q4 2019

Development of 20 additional micro services to solve day to day issues of Business and Users

Development of an IDV system to verify citizens of the China, Thailand and Indonesia.

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