Lynked World ICO Review — A Blockchain Based Digital Identity Verification Platform

brainerdpaul (-2)(1)in #ico • 5 years ago

The influx of people into the cryptocurrency market has made an astronomical rise in the adoption of blockchain technology. Numerous supporters, investors from different field of professions and businesses around the world have embraced new technological innovation which has helped reshape the world. Basically the rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations One firm at the forefront of this innovation is Lynked.world a platform built upon Blockchain generation to verify digital identification, training and professional experience. Blockchain security affords an irrefutable digitally tested block of statistics that is never compromised.

ABOUT LYNKED WORLD

Lynked.World is a blockchain-based secure platform for individuals and institutions to own, control, and share trusted digital identities, data and documents.
Lynked.World is a platform built upon Blockchain Technology to verify digital identity, education and professional experience. Blockchain security provides an irrefutable digitally verified block of information that is never compromised. The platform enables users to control their digital information and share directly with employers, institutions & businesses. We are moving towards a global platform that not only serves the purpose of digitalizing identities but will also become a network of trusted professionals.

The Mission

The mission is to provide a secure platform for individuals and institutions to own, control and share digitally trusted identity.

Lynked.World Features:

• A comfortable and trusted digital identification for all situations and purposes

• Peer to peer verification of any files and information harnessing the immutability of blockchain technology

• A unmarried supply of fact for proven facts making sure believe and authenticity of verification

• virtual identity based KYC process abilities

• maintaining total manipulate of facts in the fingers of the owners and capacity to percentage records with consent

• Putting off the need of repetitive verifications for the same profile, by preserving a clear and handy records of verification inside the blockchain

• Putting off the want for intermediaries in the identification and facts verification steps.

Here, at Lynked.World, our driving principle is to overcome the “trust barrier” in digital identities, data and documents with the help of our blockchain based application development platform.

The Problems

An absence of a guaranteed secure and trusted identity of each individual and entity

No common premise for Trust and Authenticity of data across various use cases

Inefficiency and increased costs due to intermediaries involved in processes

Inability to provide access to many kinds of services over digital platforms due to the non-secure nature of digital identity and associated data

The platform is also intended as a one-window service through which citizens can apply for, and receive, various government-issued documents, such as birth certificates, residence permits, etc. Durgapur and Bankura Municipal Corporations in India have recently agreed to work with their citizens via the Lynked.World app to simplify and speed up the document and digital certificates procurement procedures.

The Ecosystem

Lynked.World's eco system is a multi-faceted solution consisting of all application platforms developed from the bottom up to be able to take advantage of blockchain technology features. Our platform is based on the Ethereum blockchain and consists of feature-rich modules that solve real-life problems around the trust and authenticity of digital identities, documents and data for both consumers and companies.

Digital wallet

Secure Storage of Identity, Data and Documents

Configured QR code

Share Identities and Documents using a QR code

Configurable Forms

Empower organizations to easily create and disseminate forms for various services

Identity & Background Verification

Ensure acceptance of digital identities and documents by releasing the power of blockchain.

Secure ID-based login

Enables limitless authentication for business applications using Lynked.World secure ID

Application Development Platform

Empower application development on platforms that uphold the trust and authenticity of identities and data

Design and Issue of Identity Cards

Design and issue identity cards for your students and employees

Easy to design identity cards using delivered templates and drag and drop features

Issued Identity cards are immutable and secure by design owing to the use of both blockchain and biometrics

Easily share identity using QR codes to get access to services and/or facilities

Protection from Identity theft and misuse

Uses and benefits of Digital Identity

Access to premises

Attendance registration

Issuing books in Library

Convenient and easy to use, e.g., Attendance can be registered by scanning a printed QR code

Paperless – Digital Identity on user’s personal device

Environment friendly and cost saving

Application for a new Service (SIM Card)

Consumers joins Lynked.World

Completes his/her identity verification on Lynked.World platform

Telecom Service Provider’s portal has an option to register for a new SIM Card using Lynked.World Digital ID

On using this option, the user is greeted with a QR code that encapsulates the application form for a new SIM Card along with the information about the required identity and other documents for the KYC process

Consumer scans the QR code using Lynked.World App

Consumer validates and authorizes the requested documents and data for the SIM Card application

Provided identity is verified against the blockchain via Lynked.World

Sim Card is Issued and activated

Secure Transactions

The digital identity solutions greatly remove the risk of fraudulent online transactions by indisputably identifying a person harnessing the power of blockchain.

Banks, Financial organisations and even online retail services can leverage our application features to make sure that online payments, withdrawals etc., are authentic and not being done using lost or stolen cards and/or identities. An online transaction cannot be completed until a user confirms his/her digital identity using our Lynked.World mobile app making transactions over the internet much more secure and trustworthy.

Token Sale and ICO Details

Lynked.World tokens (LYNK) are ERC20 tokens based on the Ethereum platform and as illustrated below, sales will begin for November 15, 2018 to February 10, 2019. You can get one LYNK token at a price of 0.35 USD.

Payment methods can be done with Bitcoin (BTC) and Ethereum (ETH). Sales will be divided into four rounds by offering discounts for the price of each token. You can get discounts up to 35% for initial round purchases. Make sure you contribute to the token sales date range. Token distribution will be carried out for platform development until it is ready to be implemented.

Token Details

Token Symbol : LYNK

Initial Token Supply : 200,000,000

Start Date for Public Sale : November 15 th , 2018 (9:00 AM GMT)

End Date : February 10th, 2019 (11:00AM GMT)

Number of tokens for Sale : 150,000,000 LYNK

Hard Cap : 25,000,000 USD

Token Exchange Rate : 1 LYNK = 0.35 USD

Soft Cap : 5,000,000 USD

Acceptable Currencies : ETH, BTC

Token Distribution