ICO Review: iTrue Project

Introduction:

iTrue is a Blockchain-as-a-Service solution with a built-in authentication system with biometrics as its core microservice, enabling enterprises and developers to build secure, scalable and extensible applications. The iTrue token ecosystem rewards users for sharing their data, and businesses for participating in the data and app marketplaces. Our innovative stone storage solution ensures high speed and capacity without sacrificing security and privacy

iTrue aims to make lives easier and safer through innovation. Current authentication systems are either too insecure or too inconvenient to use, thus perpetuating an environment of high risk. Multi-factor authentication (MFA), biometrics, and other similar methodologies can significantly reduce the risk of such breaches , but are not being widely adopted. The problem is user experience — MFA complicates and slows down the process of logging in, thus discouraging its adoption among businesses and their users. In addition, users are reluctant to trust centralized authentication systems. For one, there is a prevailing fear that their data will be misused or misappropriated. Centralized systems are also prone to failure themselves. There needs to be a solution that addresses privacy, security, and convenience. iTrue is the solution.

The platform provides microservices as building blocks, which can be integrated into existing apps/systems of developers. Hence, developers do not need to develop an authentication service from scratch for their applications, as the iTrue microservices will fulfil this need.

Moreover, iTrue supports smart contracts that can be coded in at least 10 languages such as C/C++, JavaScript, Python, PHP, Ruby, Kotlin, Java and Go.

iTrue Solution:

The combination of blockchain and biometric technologies will enable businesses to improve authentication through biometrics and eventually build and market their own applications on the iTrue platform and ecosystem. Reducing transactional friction through biometric authentication helps improve the user experience and enhance platform security at the same time.

With iTrue, users have complete control over their confidential personal data, and biometric authentication enables secure and seamless access to digital assets and even physical facilities, like a car or house. Since iTrue gives notifications where users’ data is being used, enterprises are able to integrate such privacy controls into their applications, thus helping businesses comply with the European GDPR regulations.

By implementing a blockchain approach, users and businesses are assured of a robust and scalable infrastructure wherein their records are secure and safe from data theft or misappropriation. Our solution is designed for high speed and capacity — overcoming the limitations of current blockchain tech.

A Privacy-Centric App Building Platform

The CTO of iTrue, Anton Goroshankin, says that they have finally discovered a way of addressing the challenges of modern blockchain products through a strategy of combining database and blockchain. The result is that iTrue is a resilient and, scalable infrastructure where user data are secure from misuse or data theft. Other notable benefits that this ecosystem offers includes:

  • Full control of private personal information
  • Alerts on where your user data is currently being utilized
  • Complete adherence to privacy regulations
  • Businesses can integrate privacy controls in their decentralized apps

The Inclusive iTrue Token Ecosystem

The primary backbone of iTrue is its overall token economy that allows businesses, developers, users, and clients to benefit from their efforts of sharing data within the decentralized app marketplace. Through this platform, users can exchange data across other users, businesses and data providers that need it. Every participant gains ITU tokens as rewards, with the ICO private sale set to start in the next few days.

As part of empowering every user to gain control of their private data, iTrue will inform users how their data will be used and how they can earn from it. Besides, the platform will comply with the privacy regulations by telling users about every data request so that they can provide their approval. The iTrue system will support developers in creating solutions based around the critical factors of user privacy, safety, and security.

iTrue Benefits:

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

For Developers

Time-to-Market and Scalability

Access to iTrue microservices enables developers to build their enterprise or consumer apps on top of the iTrue platform. Such apps can be listed on the iTrue Marketplace for businesses and users. iTrue’s new type of storage also ensures speed, security, and accessibility.

Tokenized Benefits

Microservice developers get token rewards whenever other developers build upon their existing microservices; Application developers get token rewards when their solutions are utilized by other enterprises or users in the marketplace or when they are requested to customize or fine-tune iTrue applications for enterprise end-users

Extensibility and Turing Completenessi

True microservices are building blocks that enable developers to more quickly design and deploy enterprise or consumer applications. Developers can also build their own microservices into the platform, which other app developers can also utilize in building their own services and apps

Team:

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

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

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

Token Sales Detail:

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

Token: ITU

PreICO Price: 1 ITU = 0.006 USD

Price: 1 ITU = 0.01 USD

Bonus: Available

Bounty: Available

Platform: Ethereum

Accepting: ETH

Minimum investment: 100 USD

Soft cap: 7,500,000 USD

Hard cap: 40,000,000 USD

Country: Hong Kong

Whitelist/KYC: KYC & Whitelist

Restricted areas: USA, China

For more information:

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Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1289138

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minhpro

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