🔥V-ID - Let's end document fraud with Blockchain Powered Validation 🔥

aivaryamal (58)in #blockchain • 6 years ago

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Every person is faced with the daily need to transfer, store documents, personal data through a variety of paper and digital media, while using a considerable number of centralized services that can be hacked by hackers for the purpose of all kinds of forgery and falsification of information with selfish intentions.

With the development of progress, society is moving small steps to digitize their data, but while using servers that are available for hacking and storage security wants to leave the best. Copying files is a very simple operation, but with a negligent attitude to protect their distribution brings big losses financially.

Now the common phenomenon was for example selling fake diplomas college, universities, professional development courses, change the report with incorrect figures, issued false work certificates or medical. This situation brings losses of several billion dollars and loss of time when finding the original real data.

And the solution to these shortcomings is proposed by an ambitious project called V-ID.
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VID creates a decentralized platform for storing various formats of documents in digital form for quick viewing for verification by many interested institutions without third parties using blockchain technology. This greatly simplifies and speeds up the process of identity verification, authenticity of certificates and other data in a few seconds.

The idea is developed by a well-known company WIDIDI, operating since 2008 and created the product M16, which is a software for customer bases. The main direction is secure communication and communication. With the help of the VID platform, they set themselves the goal of more rational and safe use of data of people and organizations, to help them in easy and convenient storage, eliminating paper media.

This startup will give you the opportunity to check almost any information and prove your rights to it, ranging from certificates, product licenses and ending with photos and videos. The owner gives access only at his own will, and until that moment everything is recorded in the general register of the blockchain.

To achieve their goals, the team sells tokens with various bonuses depending on the desired amount of purchase. Clients V-ID have become well-known companies, which can be seen in the picture below.
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In my opinion, this platform has undertaken to solve a really serious and painful problem of fraud and crimes in terms of forgery, which can cause people various kinds of damage, both in monetary terms and in personal life. The team consists of experienced professionals, and the token listing is guaranteed thanks to the Alterdax project.