V-ID

upik05 (28)in #blockhain • 6 years ago (edited)

Introduction

V-ID uses blockchain technology to stop all document fraudulent activities. The V-ID Validation Service allows organizations to verify the authenticity of their documents in a worldwide decentralized blockchain.These documents can then be checked, so recipients know that the content of the document does not change and is exactly the same as originally published.

V-ID provides reliable on-demand verification based on blockchain. V-ID uses the document’s digital fingerprint and blocks it in the transaction chain, which is then transferred to thousands of servers across the planet in a decentralized manner. V-ID does not save a copy of the checked file and therefore easily complies with the recommendations of the GDPR.

The goal of V-ID is to enable individuals and organizations to safely share their official cryptographically signed documents and prevent the distribution of unduly controlled content.Among the first clients who currently use V-ID are Airbus Defence & Space, the European research institute ESHRE and optical fibre supplier Vitrumnet.The usecase we are discovering at the moment involve the following file types:

Diplomas and certificates

Reports

Inspection certificates

Due diligence trails

Legal documents

Audit trails

Tracking data

Goods documentation

Logistic Documents

Video footage

Photo material

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Motives

As society continues its digitalization process, new types of digital crime emerge.The media report on incidents such as data leaks, identity fraud, document forgery and fake news on a daily basis.

We believe one specific new technology can provide a breakthrough in the battle against these criminal side-effects.This technology, blockchain, has the potential to become one of the most important technological pillars of the modern world.For an IT company like us, the opportunity to help shape this technology with concrete applications and added value is the most exciting and important work imaginable.

Ambitions

“What was the standard mode of operation before V-ID?” Just like it is now difficult to imagine what the world was like prior to the internet, we believe VID will become an accepted and widely used element of modern digital society.

V-ID will be used by any organization that wants to fraud-protect its digital files in a fail-safe way. Comparable to how certified SSL connections are currently used for websites.

We believe that fast adoption of V-ID’s technology is possible, because it is radically different from other current fraud prevention technology. V-ID offers validation of any digital file with maximum security, optionally on site with a certified notary present, to oversee the process. Implementing V-ID is costeffective,fast and completely non-intrusive to existing workflows.

The problem

One of the downsides of the digitalization of society is the difficulty in combating fraud with digital files.

The solution

V-ID is a service that uses blockchain technology to make fraud with digital files impossible. V-ID users can be divided into two groups: creators and receivers. Once a creator registers a file in V-ID, this file’s authenticity can then be verified by the recipient.

V-ID’s validation process guarantees that the person registering the file actually represents the organization issuing the file. V-ID does not save a copy of a validated file and therefore easily complies with the GDPR guidelines.

Verification

The recipient of the file can verify the authenticity and content of the file by entering it into the verification terminal at https://www.v-id.org. Once the file is verified, V-ID generates a report of the verification.

An OIC (Origin Information Certificate) is offered in PDF format.This certificate contains all the details about the issuing party, the file itself and all blockchain data such as timestamp and proof of existence.

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VALIDATION PROCESS

Validation can take place in two ways: validation by a certified V-ID employee and self-validation.

A transaction with V-ID tokens takes place for each validation. Due to the data connected to these transactions in the blockchain, both the validating party and the validated file are fully transparent.

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Validation by a V-ID employee

Remote validation (level 1)

The issuing organization submits the files to V-ID using a secure connection.

V-ID then validates the files.

On-site validation (level 2)

A V-ID employee validates the files at the issuing organization’s location.

On-site validation under notary supervision (level 3)

A V-ID employee validates the files on-site at the issuing organization’s

location, with a notary present to supervise the process.

Self-validation

This method allows an employee of the issuing organization to validate files at any time. V-ID appoints a wallet to the issuing organization containing a balance of V-ID tokens.

For more info on validation, read our medium articles on https://medium.com/@pim_vee

State of affairs

V-ID has been in development since February 2017.

Technic

The V-ID promotion website has been live since March 2017 and the V-ID

Verification Terminal is operational since August 2017.

A beta version of the Token Sale platform for overview and management of credits has been in operation since May 2018.

A full beta version of the Validation Platform is planned for Q4 2018.

A first version of the V-ID token was developed in Q1 of 2018 and a soft launch of this Utility Token took place in Q2 of 2018.

User

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V-ID is now in use at Airbus Defense & Space, Dutch college HBO Drechtsteden, fiber-optic supplier Vitrumnet and ESHRE (European Society for Human Reproduction and Embryology).

ESHRE (Belgium) uses V-ID to protect the diplomas and certificates that they assign to students in PDF format against forgery.

HBO Drechtsteden (the Netherlands) immortalizes diplomas using V-ID technology. Sander Fischer, student Entrepreneurship and professional footballer at Sparta was the first graduate to own a V-ID blockchain validated diploma.

Airbus Defense & Space (France and England) uses V-ID to record notifications related to cyber threats, so that all data and times around a threat are guaranteed to be accurate. Wildradar uses V-ID to record population data form different species of Dutch fauna.Vitrumnet (the Netherlands) uses V-ID to immortalize contracts.

Example of the verification process of an Incident Report from the Maritime Cyber Alliance platform.

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Target groups

Sectors

In the following sectors,large amounts of digital files are created daily that are exposed to real risks of fraud.

Governments
Education
Transport
Healthcare
Accountancy
Financial services
Heavy industry
Factories
Jurisdiction and legal profession
Recruitment
Notary
Law enforcement
Defence

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ICO Details

General information

Token: VIDT

Platform: Ethereum

Standard: ERC20

Quantity: 100,000,000 VIDT

Price: 1 VIDT = 0.2 USD

Payment: ETH

Soft cap: 1,000,000 USD

Hard cap: 8,000,000 USD

KYC: No

Pre ICO

Quantity:

Start: 09/15/2018

Completion: 10/14/2018

ICO

Quantity:

Start: 10/15/2018

Completion: 12/15/2018

Token Distribustion

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FINANCIAL PLAN

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ROADMAP
Q1 2017 Run the V-ID.

Q2 2017 Working prototype V-ID terminal.

Q3 2017 Custom tests

Q4 2017 The first real users of V-ID.

Q1 2018 Running V-ID.org

Q2 2018 Launch a V-ID token for early users in different sectors. From 3 to 6 organizations that use V-ID for document verification. Private sale.

Q3 2018 Pre-sales. Partnership with the stock exchanges.

Q4 2018 Public sale. Advertising campaigns of 10 organizations using V-ID to check documents online advertising campaign (exchanges, news sites, magazines, social media).

Q1 2019 V-ID application; the first public exchanges.

Q2 2019 API; launching a wallet; exchange on larger exchanges.

Q3 2019 API live white label widgets live B2C Validation.

Q4 2019 Over 30 customers; 200,000 documents per year; international brand recognition.

TEAM

Wico van Helden

CEO

Marnix van den Berg

Lead Development

Pim Voets

Lead Concept Design

Ceciel van Helden