EverID has built a decentralized digital identity system to store and confirm user identity data, documentation, and biometrics. The platform is available to all human beings from birth until death. It does not require a mobile device to join, is encrypted to protect users’ privacy, and is interoperable with other systems. Institutions, corporations, and government organizations can effectively, cheaply
and quickly validate user identity, at scale. Value can then be transferred securely to the correct recipient with reduced transaction costs, lower losses from leakage, and innovations in service and value transfer.
EverID is a disruptive product with an existing prototype, a highly experienced team, and is working with a large Bretton Woods banking institution4 and UN Agencies. It is building the biggest single opportunity for expanding financial inclusion amongst.
Unlocking opportunity with identity
Over a billion people in the world currently do not have a verifiable identity. 2.6 billion people live without a bank account, and close to 5 billion do not have access to a smartphone. The combination of these factors prevents investment, enterprise, and institutional development in emerging markets. The lack of verifiable identity also prevents individuals from accessing the global economy. It leaves close to half the population unable to realise their full economic potential and is a major contributing factor to why 40% of the world currently represents only 20% of the global GDP.
Empowerment through identity
EverID is a device-free, universal identity and value-exchange platform that allows anyone to prove their identity, store value, and transfer funds. It utilizes biometric identity and an immutable ledger that allows the seamless exchange of value between governments, banks, NGOs, insurance companies, hospitals, and other organizations. It reduces fraud and leakage. It makes identity verification at scale more cost-effective than ever before.
Users receive social and economic benefits from their digital identity. No device is needed to access these benefits. An inclusive and secure identity means seamless value transfer and access to global economic services such as banking, credit, and insurance.
How It Works?
EverID has created a universal digital Identity Network that will elevate all of humanity into the global market, thereby providing access to a robust set of services in order to enhance livelihoods and promote economic development.
The Identity Network will be an autonomous, non-capturable, decentralized network, owned by no one, functioning in perpetuity and embodying the Principles of Identification for Sustainable Development Goals (SDGs)6 in its software.
It gives individuals the tools to manage and protect their own identity data through a decentralized identity platform and a value transfer solution based on blockchain technology.
Multiple types of biometric information for each identity are recorded and stored in the Identity Network. Legacy identity documents, including national ID cards, driver’s licenses, passports, voter ID cards, etc. are captured, as are 3rd party attestations by cryptographically signing those affirmations of claims.
If an individual does not possess the technology, an agent system will enable them to be enrolled via the EverID Agent DApp. Public Access Devices (PADs) will be used for EverID validation, use, and updating. PADs will use a Software Development Kit (SDK) to add identity validation to devices for banking, government services, healthcare, and more. The Bridge Service allows a user to securely access and use their data on another device that they do not own.
- Seamless value transfer : By verifying identity with 100% accuracy EverID reduces leakage, fraud, friction, verification, and data access costs.
- Device-free identity verification : Peer-to-peer registration using biometric data allows anyone, anywhere to enroll in the platform, without the need for a device.
- Total financial inclusion : Creating global access to existing financial services unlocks the $20 trillion-dollar economy of emerging markets.
- Economic growth : Deviceless identity verification will empower over 4 billion people and create a $40 trillion economic opportunity.
- Individual empowerment : EverID enable users to be in total control of their data and provides access to formal economic systems.
- Institutional efficiency : Reduced transfer and data storage fees will allow institutional growth in emerging nations.
- Total Token Supply – 800,000,000
- Token for Sale – 303,685,341
- ICO price – $0.09
- Accepted Currencies – BTC, ETH, USD
- Hardcap – US$ 20,000,000
- Pre-Sale – August 13, 2018
- Min/Max Personal Cap – $10,000 /$2,000,000
The ID tokenIDs are a utility token that allow access to the EverID network and the applications and services built upon it. The 800 million issued ID tokens will be purchased by banks, governments, NGOs, large organizations, and users (i.e. remittance senders) that want to access EverID’s network. Institutions are given varying levels of access to the platform based on how many tokens they hold while users will not be required to hold IDs in order to receive value.A device-free digital identity would empower almost 5 billion people to become part of the global economy, thereby facilitating external investment in emerging markets. Universal and inclusive identity will be the catalyst for trillions of dollars worth of transactions, value transfers, and identity verification costs.
Value of identity
A verifiable digital identity will enable emerging market economies to grow into a $40+ trillion opportunity.
Use of funds
- Target: $20M
- Pre-sale: August 2018
Roadmap and Traction
For more information visit the following Links:
ANN THREAD: https://bitcointalk.org/index.php?topic=4756978.0