EVER ID:THE GLOBAL DIGITAL IDENTITY PLATFORM

Most online transactions require that individuals disclose specific personal information before they can proceed to access services. For instance, before financial transactions can be carried out on platforms such as Amazon Pay, PayPal, and Google Wallet, among others, users are always required to input their sign up/login details -- i.e., financial and personal details. Thus, every time an individual discloses this information, it gets stored on numerous internet databases. As such, digital clones of one and the same individual spring into existence across these different platforms. This also exposes a lot of security issues. Thus, as evidenced by the Equifax hack, gaining access to a major database exposes all the personal information of users and exemplifies the high vulnerability of the current system.
Combination of the decentralized blockchain principle and a comprehensive system for verifying identity, it has been suggested that a digital ID can be created for each online user to serve as digital watermark affixed to all transactions carried out by the user. If properly utilized, there might be a possibility of ascertaining the truth of individual identity.
The creators of the new project EverID plan to take on the solution to this problem
What is EverID?

EverID is a decentralized platform for a new economy, incorporating a massively scalable payment solution with a multi-currency wallet and digital + biometric identity. EverID has built a decentralized digital identity system to store and con rm user identity data, documentation, and biometrics. The platform is available to all human beings from birth UN death. It does not require a mobile device to join, is encrypt- ed to protect users’ privacy, and is interoperable with other systems.
The essence of this revolutionary project is artificial intelligence. Special programs carry out a thorough analysis of customer data, find other intelligent contracts in the database that the customer previously followed, and check all user actions: investment, billing, etc.

EverID use cases
Cash Transfer: 100% validation of money sent to biometrically verified users
Remittance: Easy, cost-effective way for banks to offer money transfer services
Micro-finance: Full solution to lend money to the billions of people and SMEs
ID verification: Verify users through biometrics, government IDs and third party attestations
Medical records: Manage documents hosted in the cloud or device, track healthcare for all
Land: Combine titles, GPS coordinates, and identities to a bank and secure land
Micro-insurance: Collect documents, biometrically sign contracts to serve billions of users with or without devices
Unbanked
Without verifiable identity, individuals are unable to access banking to receive value or credit, preventing economic development.
Unverified
The inability to prove identity impedes access to basic human rights such as healthcare and education for over a billion people.
Unrealized
Lack of infrastructure surrounding identity and value transfer means major institutions are unable to develop in emerging markets.

Ever ID Blockchain can be used to create a platform that protects individuals’ identities from theft and massively reduces fraudulent activities. The technology can also help businesses build strong blockchains that handle the issues of authentication and reconciliation encountered in several industries. Additionally, it can allow individuals the freedom to create encrypted digital identities that will replace multiple usernames and passwords while offering more comprehensive security features capable of saving customers and institutions valuable time and resources.
Individuals can also easily create a self-sovereign identity on Ever ID blockchain. A self-sovereign identity simply refers to an individual identity which is fully controlled and maintained personally by the individual. It becomes difficult to steal such an identity from an individual, and this handles the issue of identity theft that is common on the traditional identity management system. The use of permissions blockchains could also provide a decentralized method of registration which connotes that an individual would get an identity that isn’t dependent on any centralized authority and cannot, therefore, be controlled or interfered with by any third party without the individual’s consent.
EverID use cases:
EverID is the world’s only device-free, globally accessible, digital identity platform. Through the use of digital identities, digital wallets, document management, and biometrics, users will be able to digitally verify their identity for public services and claim their social and economic rights.
The ID token

IDs are a utility token that allows 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.
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For further information visit the following site:
Website: https://everid.net/
Whitepaper: https://everid.net/wp-content/uploads/2018/07/ever_id_whitepaper-1.pdf
Medium: https://medium.com/@EverID
Twitter: https://twitter.com/@EverID
Telegram: https://t.me/EverID
Reddit: https://www.reddit.com/r/EverID/
AUTHOR:Yusufuntop
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