Identity Theft & its Solution in Crypto World

The concept of Identity has changed with introduction of cyber space in day to day life. In past identity of a person remained confined to the documents and in personal custody. But now all of the data from date of birth to credit card, transaction records to lease or transfer deeds are all available online. Social media and other websites include bio data of a person along with picture, personal and professional information, academic and career record. This is the modern day identity of a person. Identity theft has become a common phenomenon. A research estimates that an email address is hacked 3 times a year on average. Identity theft is kind of cyber crime which involves misrepresenting or stealing the data of someone else. It may result in financial fraud, cyber bullying, spam advertisements and other difficulties.

With every problem there is a solution. So, there are a few platforms providing Identity protection services. For example Velix.ID offers is an identity verification platforms. It has introduced a decentralized Ecosystem for Identity Verification. It is operating through blockchain Smart Contracts, Zero Knowledge Proofs, and Stellar Consensus Protocol (SCP) to endure privacy, security and swift functions. Velix.ID provides a double verification system which is user optimized (i.e. time and cost efficient), decentralized, transparent and Secure (even if Velix.ID systems are breached, it does nothing to compromise the User's data), Obscure (the Users’ privacy is protected at all times), and Universal (near-instant ID verification without geographical restrictions).

Blockchain system works on the principal of decentralized information storage, creation and transfer. So, it makes sure you never lose your data. Furthermore, transparency is ensured by giving the track down feature to any account holder. Thus this serves multi-purposes in one shot. Cryptocurrency is being utilized as payment method. Right now Velixid is at ICO stage. Currently it has announcing token sales. This firm has got the potential to boom in near future. It
will surely go high. You may find a complete breakdown of strategic approach here.

Right now VXD is a ERC-20 compatible token on the Ethereum block chain. Details of the sale are
as follows:
VXD Tokens Allotted: 50 Million
Token type: Utility Token
This sale will include Private Sale, Presale, and Crowd sale. The VXD token model adopted here
fulfills the regulatory requirements and market standards in terms of trade and liquidity. An
overwhelming thing is that Tokens will be transferred immediately to the investor’s ERC-20 wallet
via the smart contract.
Soft Cap : $2.5 Million
Hard Cap : $25 Million
Important dates
Crowd sale starts February 10, 2018 and ends March 5, 2018.
If you are a digital investor then you surely won’t like to miss this opportunity.