Everest- Financial Technologies Elevating Humanity

ololatide (11)in #cyptocurrency • 6 years ago

Everest is a decentralized platform 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 for a new economy.

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.

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

Micro-finance: Full solution to lend money to the billions of people and SMEs

Remittance: Easy, cost-effective way for banks to offer money transfer services

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

ID verification: Verify users through biometrics, government IDs and third party attestations

Micro-insurance: Collect documents, biometrically sign contracts to serve billions of users with or without devices

The principles of Everest:

· 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

Everest Platform

Everest combines EverID, a user-centric self-sovereign identity solution, with EverWallet, a value transfer and document storage solution, which are based on blockchain technology and the cryptographic underpinnings of that system. The core focus of the Everest operating company is to create economic and social value. 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, as well as innovations in service and value transfer. Everest facilitates verification of users by multiple third-parties and allows the secure transfer of value between members of the system.

Identity Network

Everest will fund the non-profit Identity Network foundation that will oversee elements of the shared systems in the Everest Supernodes. If $10M USD is raised from the initial token sale then 5% will be allocated to establish the Identity Network foundation and for every USD$ 1.00 above $10M, 2% will be allocated to the Identity Network foundation.

How Everest Removes Barrier

Everest is the world’s only device-free globally accessible, digital transaction protocol with built-in identity. Through the use of digital identities, electronic wallets, document management, and biometrics, users will be able to digitally verify their identity for public services and claim their social and economic rights.

Device-free identity verification

Peer-to-peer registration using biometric data allows anyone, anywhere to enroll in the platform, without the need for a device.

Seamless value transfer

Everest reduces leakage, fraud, friction, and data access costs with a transparent transaction record and verifiable identity.

Total financial inclusion

Creating global access to existing financial services unlocks the $20 trillion economy of emerging markets.

Individual empowerment

Everest enables users to be in total control of their data and provides access to formal economic systems.

Institutional efficiency

Reduced transfer and data storage fees will allow institutional growth in emerging nations.

Economic growth

The deviceless nature of the platform will empower half of the world's population with new economic opportunitie

Token

By building an economic ecosystem that leverages the power, transparency and security of the blockchain, Everest enables value exchange for the previously disenfranchised at a global scale. This will reshape over 20% of the global economy. To enable this, Everest utilizes both a utility token, the ID, and a credit or currency, the CRDT. The ID represents the value of the economy and will be offered for sale. The CRDT, or CReDiT, is the native currency that Users and Institutions use to verify identities and exchange value through all the interactions in an economy