V-ID: The Blockchain Powered Validation Platform Is Here

suryagunss1212 (5)in #cryptocurrency • 6 years ago

V-ID is the best candidate to become the de-facto standard solution for document fraud. The service utilizes generic and trusted principles to enable validation and verification for any digital file, of any publisher. This is possible thanks to the immutable and transparent nature of blockchain. V-ID is being developed by WIDIDI. WIDIDI employs its M16 Platform to execute their software projects. The issuing organization can register any file through the validation process of the V-ID platform, allowing each recipient to verify its authenticity within a matter of seconds and for free. V-ID does not save a copy of a validated file and therefore easily complies with the GDPR guidelines. Current users of V-ID include Airbus Defence & Space, European embryonic research institute ESHRE and optical fibre supplier Vitrumnet .

The service utilizes generic and trusted principles to enable validation and verification for any digital file, of any publisher. This is possible thanks to the immutable and transparent nature of blockchain. Among the first clients who currently use V-ID are Airbus Defense & Space, the European research institute ESHRE and optical fibre supplier Vitrumnet.

Motives

As the society continues the process of digitalization, new types of digital crime are emerging. The mass media daily report incidents such as data leakage, personal data fraud, forgery of documents and fake news.

One particular new technology can provide a breakthrough in dealing with these criminal side effects. This technology - blockade, has the potential to become one of the most important technological pillars of the modern world.

Ambitions

What was the standard mode of operation up to V-ID? Just as it is now difficult to imagine what the world was like before the advent of the Internet, we believe that VID will become universally accepted.

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

At a later stage, V-ID can focus on online identification and analysis of both individuals and companies.

SWOT Analysis

Strengths :
Unique product
A simple and scalable concept
Widely applicable
Proven Usage Option
Active initial user base
Sufficient liquidity
Strong team
Proven software platform
Fund (10 years + in development, approx 100 000 users)

Weaknesses :
Power
Obsolete projects (existing contracts)
Limited marketing budget

Prospects :
The Giant Market
Different Sectors
Commonly applicable
Block is still a new and noisy term

Threats :
The first signs of competition
The probability of bad news about the blockade as a whole
Perception of complexity
The speed of acceptance is unpredictable
V-ID TOKEN

Distribution of tokens

The service token V-ID is an ERC20 token that is used to identify purse addresses (for issuers / checking parties) and is used as payment for verification.

The platform can be used online (the human interface) and the number of applications, SOAP and REST API Interfaces will grow to form the final secure bridge for verification, with the most common modern software (using web services and system interfaces).

The public sale of Tokens, scheduled for early September 15, 2018, is characterized by the following:

Pre Sale: September 15, 2018
Public: October 15, 2018
The end of Token Sale: December 15, 2018
Maximum number of VIDT tokens: 100,000,000
Cost of VIDT: $ 0.20
Soft cap: $ 1,000,000
Hard cap: $ 8,000,000

The price of the token must be high enough to cover the operating costs of the V-ID, including the commission for the transaction Ethereum and Bitcoin.

Economy of the token