:: iTrue :: The Future of Decentralized Digital Identities
iTrue is a blockchain based authentication system introduces to create another line of protection for user data. The platform also ensures that users have control over which personal data is accesses by third- parties. They can also share their data in a regulated fashion and earn while doing so. This service is for individuals who would want to control what data they share and for companies and developers who would want to authenticate their users in a seamless and reliable manner. All users earn reward on the iTrue platform through a fair exchange of data according to the need of the community.
iTrue was inspired by the growing demand for authentication services for the growing number of fintech and other financial services companies. The project addresses the issues of privacy, security and the convenience of users in terms of personal data authentication.
iTrue Introduction Video
There have been needs for strong authentication system that can be relied on by all parties such as governments, financial institutions such as banks and other fintech. In an era in which security breaches and identity theft is not uncommon, people have lost valuables due to this situation.
Frauds such as financial crimes are sometimes perpetrated due to fail-proof authentication systems that are bypassed by cyber criminals and other undesirable elements.
Although there has been increasing use of biometrics as a means of authentication, this has not been completely effective especially when they are not backed by appropriate second or even third layer security. This leads to the mismanagement or improper access to sensitive personal data by unauthorized persons.
There have been concerns over how personal data collected from users are handled and used. This concern has led to the suspicion that companies sometimes share person data entrusted to them without authorization of the owners. The Black Web for instance has a repertoire of personal data and other sensitive information that is sold at a price.
The storage of data in central servers is calamitous when such servers are hacked. The result is loss of personal sensitive information that puts the user at the mercy of criminals.
Bearing in mind that biometric technology standing alone does not fully meet the challenges of authentication of personal data, iTrue is building a system of biometrics on the distributed ledger technology, taking advantage of its unparalleled security, the fact that data on it cannot be altered and the trust it generates due to its integrity.
iTrue platform will enable businesses and other entities to build their own authentication systems on the platform with which to interact with and confirm the identities and data of their own clients.
The system combines blockchain and database in building a high speed and high capacity infrastructure. It delivers a robust scalable platform on which user data is safe from theft and mismanagement.
The system gives users complete control over how their data may be used as well as notifies them when and how such data is used.
iTrue Key Technologies
iTrue [ITU] Token Pre-Sales Starting Soon
- Sign-up on the iTrue Website for Whitelisting: https://itrue.io/sign-up.html
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Article written by @justiceforall
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