INTRODUCTION TO EVEREST PLATFORM : Elevating Humanity
Good day everyone,i would be writing about the EVEREST PLATFORM,Everest is a decentralized platform for a new economy. Incorporating a massively scalable payment solution, EverChain, with a multi-currency wallet, EverWallet, and a native biometric identity system, EverID, Everest delivers a complete solution.Today i would be writing on the following;
A) WHAT IS EVEREST?
B)EVEREST USE CASES
C) EVEREST PRINCIPLES
WHAT IS EVEREST ?
Everest has built a decentralized platform made up of three components: EverID, a digital biometric identity system to store and confirm user identity data; EverWallet, a multi-currency digital wallet with built-in , document storage, and EverChain, a blockchain-based transaction system. 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.
Everest is a disruptive product with an existing prototype, a highly experienced team, and is working with a large Bretton Woods banking institution and UN Agencies.It is building the biggest single opportunity for expanding financial inclusion amongst emerging markets and established financial institutions.
EVEREST 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 bank and secure land
*Micro-insurance:
Collect documents, biometrically sign contracts to serve billions of users with or without devices
EVEREST PRINCIPLES
The principles guiding the technical and governance design of Everest reflect the Principles for Identification for Sustainable Development, as set out by the Center for Global Development and the World Bank.These principles are: that privacy is a human right and that individuals should have control over and effectively own their own database of identity elements, including their biometrics. Information should only be shared with the express consent of the user and there should be recourse if a user’s rights are violated.Users should be informed and compensated for access to their identity information and able to share data with another party or deny access selectively. They propose to fund a network of identity verification nodes which will be governed as a standalone foundation to ensure longevity, security, and transparency.
Everest operates under the following unanimous, unchanging beliefs and principles about identity information:
· All individuals should be included
· If an individual does not have access to technology, they should still be able to
participate
· The system should be available forever
· All individuals should be specifically identifiable
· All information about an individual should be stored in the most secure manner
possible
· The individual should possess and control their identity
· The individual should be able to selectively share their identity information per
interaction
· The individual’s information should not be owned or controlled by anyone other
than the user
· The system should be resilient against attack
· The system should be able to bridge to other systems
THANKS FOR READING.
To know more about this project;
visit the website: https://everest.org/
whitepaper link: https://everest.org/wp-content/uploads/2018/08/wp_15.08.pdf
join the telegram group: https://t.me/Everestdotorg
my bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1070043
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twitter link: https://twitter.com/everestdotorg
ANN thread: https://bitcointalk.org/index.php?topic=4782378.0