iTrue

kumaha (7)in #bitcoin • 6 years ago

Greetings,
‌ Through this article I want to introduce you to the iTrue project

iTrue is a Blockchain as a solution service with a built-in authentication system with biometrics as the core microservice, enabling companies and developers to build secure, scalable and extensible applications. ITrue tokens ecosystem rewards users for sharing data, and businesses to participate in data and application markets. Our innovative stone storage solutions guarantee high speed and capacity without compromising security and privacy.

PROBLEM

There is a demand for secure, efficient and safe authentication systems, given the emergence of online financial products and startup companies that provide innovative digital services.

Services such as non-cash payment systems provide convenience and ease of transaction. Banks and fintechs have explored or applied biometrics as a way to authenticate users.

Biometric technology, however, does not guarantee secure and safe authentication on their own. User data can be easily disturbed or misused with improper handling.

Users are therefore concerned about how businesses use their data - fintechs and online services may collect, use and sell personal data for their own benefit.

Some facts and figures

More than half of e-commerce abandonment baskets are due to forgetting passwords (49%) or forgotten debit / credit card details (59%) underlining the need to improve authentication actions.

49% of users in the US are concerned about their biometric data being compromised, while 35% are worried about their banks having access to information.

Face recognition is under legal supervision in Russia and other countries, but is considered a major threat to privacy, especially if system security is disrupted.

In Shanghai and Beijing in China, facial recognition is being used not only by security and surveillance, but also by private companies. Example: Fintech is an ant financial provider that utilizes scanning biometrics even in public places such as subways.

ITrue is the solution

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

With iTrue, users have complete control over their confidential personal data and biometric authentication allows safe and smooth access to digital assets and even physical facilities, such as cars or homes. Because iTrue provides notifications where user data is being used, companies are able to integrate that privacy control into their applications, thus helping businesses comply with GDPR's European regulations.

By applying the blockchain approach, users and businesses are guaranteed a strong and measurable infrastructure where their records are safe and secure from data theft or abuse. Our solution is designed for high speed and capacity-overcoming the limitations of current blockchain technology.

ITrue Token ecosystem

iTrue's blockchain as a service platform allows applications to integrate independent authentication from passwords, gadgets, and plastic cards - along microservices as building blocks. But that is only one part of iTrue.

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

The platform itself does not sell user data. Instead, it allows 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 and authentication verification. Users are informed about each request for their data, and they are rewarded when they participate in data sharing activities.

Our main service for biometric authentication 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.

Benefits from iTrue

Individual users

Privacy

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

Trust

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

Ease of access

Biometric access means never having to remember passwords again, and do not have to rely on gadgets such as smartphones or credit cards.

Participation in economic data

Each user can benefit when they voluntarily provide data to clients and businesses who need it, in the form of tokens or other rewards.

For business

Automation

Blockchain as a service comes with platform authentication and reduces the need to build one from the start, especially ID verification.

Compliance with regulations

Tokenized data sharing mechanisms inform users and attempt authorization before data is exchanged, thus conforming to regulatory frameworks such as GDPR.

Data exchange

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

Customized application

Businesses get access to turnkey solutions and directly in iTrue customized developer application platform.

For developers

Time to market and scalability

Access to iTrue microservices allows developers to build their enterprise or consumer applications on the iTrue platform. The application can be registered on iTrue market for businesses and users. iTrue's new type of storage also guarantees speed, security and accessibility.

Tokenized benefits

Microservice developers get token awards every time other developers build their existing microservices; Application developers receive tokens when their solutions are used by other companies or users on the market or when they are asked to adjust or improve iTrue applications for enterprise users.

Tokens for sale

The token economy ensures a fair and legal framework for exchanging and storing data, where users, developers and businesses are valued to play a role in the ecosystem.

Proof information

Name Token: iTrue (ITU)

Nominal price: 1 = US $ 0.01

The total number of tokens released: 8 billion ITU

All unsold signs: will be burned by a smart contract

Type token: ERC20

Distribution token

60% sold

22% iTrue Foundation

10% of the team

7% advisor

1% bounty

Signs given to teams held by smart contracts for a period of 1 year. The token issued to the tranched advisor: 25% can be used immediately on the issue, while the rest will put it on hold by the smart-contract for a period of 1 year.

The iTrue Foundation aims to motivate and benefit developers to come on the iTrue platform, thus helping in increasing scalability in terms of expanding into new markets. Signs of the iTrue Foundation given to developers will be placed in the smart contract for 6 months.

ROADMAP

Follow our path because we built our solutions that can be calculated with new types of storage that harness the power of blockchain and database models, and at full capacity according to Turing's complete model.

Q2-Q4 2017

Competitor identification and market analysis

Q4 2017-Q2 2018

Development of technical specifications, automatic human face recognition and architectural systems

Q1-Q2 2018

Storage rock development: fast and scalable like DB, timeless and transparent like blockchain

Q2-Q3 2018

Development of fire to connect microservices with storage stones

July 2018

iTrue registration company in Hong Kong

GDPR takes effect. iTrue architecture and microservices that have been designed according to the needs of GDPR.

August 2018

iTrue registers subsidiaries in India and Lebanon.

Form Submission D 506 exemption note for submission to the SEC, opening sales of tokens for us accredited investors

Q3 2018

The development of the mobile application (iOS, Android) allows entering personal data into the network blockchain and recognition faces for access to personal data.

Q3 2018

Tokens for sale

Q3-Q4 2018

Expansion into Arab Maghreb Union, India and CIS. Launched 20 pilot projects in banking, insurance, surveillance, e-commerce industry.

Q3-Q4 2018

The opening of iTrue community for third party developers; Open the platform for microservices third-party developers so they can build their own microservices to expand the functionality of the iTrue platform and community.

Q3 2018-Q1 2019

Development of payment systems and IDV systems to verify citizens of India, Bangladesh, Russia, Lebanon and Qatar

Q4 2018

Launches a platform for data privacy and sharing control between users and clients. Users will be able to control their privacy and get tokens for controlled data distribution for clients

Q1 2019

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

Launching a platform for third-party developer applications so they can use iTrue and third-party microservices developers by building enterprise / consumer applications and getting tokens on sales of apps for businesses and users

Q2 2019

The launch of a full-functional platform that allows Web 3.0 projects and DApps

Q1-Q2 2019

Expansion to ASEAN countries. Launching 50 pilot projects in banking, insurance, supervision, e-commerce industry

Q2-Q4 2019

Development of additional micro services 20 to solve the daily problems of businesses and users

Development of IDV systems to verify Chinese, Thai and Indonesian citizens.

Extended and Turing Completeness

Microservices is really a building block that allows developers to design faster and deploy enterprise or consumer applications. Developers can also build their own microservices on stage, which other application developers can also use their own services and applications.

Conclusion

It is a good investment company for you if you believe in strength, Itrue's developers believe that they will be able to achieve some success in this segment. Itrue tends to increase in the future, as well as the value of this company and the tokens. It can be a good long-term investment for you, because the opportunity this company will offer returns on investment, but in the future. If you have enough patience, it will be fun to invest in this company.