🔥EVEREST - Unlocking opportunity with identity!🔥

aivaryamal (58)in #blockchain • 6 years ago

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Today people mostly use paper documents to identify their identity, but not in all countries it is actively developed, and the current system of data confirmation has many shortcomings.

It is necessary for various services, purchases of goods to provide certificates, accounting documents, which takes a lot of time, money is spent. Now also actively forged such information fraudsters that can adversely affect the reception of workers and skilled personnel in the production. Others manage to buy diplomas of higher education, a crust on passing of advanced training courses. As you know, this has a very negative impact on the overall economic development.

There is a part of the population that simply does not have access to important financial banking services, for example, opening an account, obtaining a loan, making money transfers, because they simply do not have any identification documents. Organizations rarely communicate with each other unless it is on a monetary basis. Therefore, the question of identity confirmation in many areas is now very acute and requires a rational solution.

Such disorder can be skillfully used by hackers, thieves, steal personal data of the user, remove his finances from the Bank account or from the card, impersonate another person and harm his position in society for his personal purposes. And to solve this problem is a project called Everest.
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The team of this startup creates a decentralized platform consisting of a digital biometric user identification function called EverID, also from the multi-currency crypto-wallet EverWallet with the ability to store any documents and to develop its own blockchain EverChain.

Each participant will be able to easily encrypt any necessary data in a cryptographic format and save them for a long time, provide access to them on request and receive digital tokens of the platform for this. If earlier it was necessary to run for a pack of documents, spend a lot of time on it, now this idea will allow people and organizations to interact more quickly in terms of identity verification.

Now there are many phishing sites of crypto-currency exchanges, which can be obtained by switching to them the private key of users, here the biometric system excludes this method, since the owner's fingerprint will be necessary for entering and conducting various financial transactions and this greatly increases the reliability and security of funds.
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The Everest application allows you to digitize and store any data of a person, at will transfer it to another, while leaving them in complete privacy and security. Such advantages make it possible to remove the issue of trust to the third plan and begin to provide financial services to those people who were previously inaccessible because of territorial and political barriers.

Such an ecosystem will be able to open a large investment market, which can reach several tens of trillions of dollars. Exclude intermediaries in the form of banking and electronic payment systems. The product of the Everest project is already being tested by agriculture, insurance companies, major banks and has partnership agreements with well-known companies.
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The Everest team consists of experienced people in various fields of business and clearly see the problem in traditional data identification options and offer such an optimal solution with the help of blockchain technology and smart contracts, which will contribute to the personal financial growth of many parts of the current market.