iTRUE-THE FUTURE OF DECENTRALIZED DIGITAL IDENTITY
Introduction
As progressive as it sounds, Blockchain really is a system to convey everybody to the most noteworthy level of responsibility. Not any more missed exchanges, human or machine blunders, or even a trade that was not finished with the assent of the gatherings included. Above whatever else, the most basic territory where Blockchain causes is to ensure the legitimacy of an exchange by recording it on a principle enroll as well as an associated dispersed arrangement of registers, which are all associated through a safe approval component.
The blockchain is a morally sound computerized record of monetary exchanges that can be customized to record not simply money related exchanges but rather for all intents and purposes everything of esteem. Blockchain innovation resembles the web in that it has a worked in power. By putting away squares of data that are indistinguishable over its system, the blockchain can't be controlled by any single substance and has no single purpose of disappointment. The web itself has turned out to be tough for just about 30 years. It's a reputation that looks good for blockchain innovation as it keeps on being produced.
OVERVIEW OF iTRUE
iTrue is a Blockchain-as-a-Service plan with a natural verification system with biometrics as its inside microservice, engaging endeavors and originators to create secure, versatile and extensible applications. The iTrue token biological community framework rewards customers for sharing their data, and associations for appreciating the data and application business focuses. Our innovative stone amassing course of action ensures quick and breaking point without surrendering security and assurance.
The vision of iTrue for decentralized personality is still at a beginning time. In a joint effort with different sellers, iTrue is currently chipping away at the accompanying activities to give another flood of decentralized conventions and personality administration arrangements:
Biometric confirmation a framework that perceives the eye iris, hand veins, and facial capacities with constant discovery while verifying clients to get to extensive undertaking frameworks.
Stone Storage-a one of a kind information stockpiling capacity, in which individual data is put away independently from the exchange record and can be isolated into various levels and stages. This enables clients to figure out which data ought to be imparted to which party, accordingly completely controlling touchy data, yet getting a charge out of the straightforwardness and accommodation of biometric confirmation.
Programming interface coordination another API for association amongst machines and individuals that does not require contraptions and can be utilized by people in general, including business organizations and new companies. The stage incorporates an approved square chain with fast of tasks, certain levels of access to private data and the capacity to construct both geo-subordinate and geo-free administrations.
ID Verification (IDV) framework that does not require information stockpiling on close to home gadgets. Straightforward KYC can be executed through the stage iTrue. Clients can experience the KYC system utilizing their cell phone, PC or an approved accomplice terminal.
Problem
There is a developing interest for protected, proficient, and secure confirmation frameworks, given the ascent of online budgetary items and new businesses giving creative advanced administrations.
Administrations like cashless installment frameworks give comfort and simplicity of exchanges. Banks and fintechs are as of now investigating or executing biometrics as an approach to validate clients.
Biometric innovations, be that as it may, don't give a confirmation of secure and safe verification all alone. Client information can without much of a stretch be endangered or abused with ill-advised taking care of.
Clients are subsequently worried about how organizations are utilizing their information - fintechs and online administrations might gather, utilizing, and offering individual information for their own particular benefit.
Solution
The blend of blockchain and biometric innovations will empower organizations to enhance confirmation through biometrics and in the end fabricate and showcase their own applications on the iTrue stage and biological system. Diminishing value-based grating through biometric validation enhances the client experience and improve stage security in the meantime.
With iTrue, clients have finish control over their classified individual information, and biometric validation empowers secure and consistent access to computerized resources and even physical offices, similar to an auto or house. Since iTrue gives notices where clients' information is being utilized, undertakings can incorporate such security controls into their applications, in this way helping organizations agree to the European GDPR directions.
By executing a blockchain approach, clients and organizations are guaranteed of a strong and adaptable foundation wherein their records are secure and safe from information robbery or misappropriation. The arrangement is intended for fast and limit — defeating the constraints of current blockchain tech.
The Blockchian-driven Authentication Framework
The ongoing change of biometric arrangements as safety efforts has shown an ideal situation for execution. For confirmation purposes, the iris example will be taken by an extraordinary camera nearby the hand veins design extraction. These strategies have sensibly included the consideration of numerous organizations who are particularly worried about information security.
As a major aspect of its answer, iTrue will furnish organizations with an entrance to the stage through the API. Over this, designers will have the capacity to make their microservices and decentralized applications.
The ITU Token Economy
The ITU token unites individual and business clients into a solitary biological system with boundless open doors for adaptability under a decentralized stage for recognizable proof and information stockpiling. The stage itself does not offer client information. Or maybe, it empowers clients, customers, and designers to profit by sharing and using information on the stage.
iTrue's blockchain-as-a-benefit stage empowers applications to incorporate confirmation autonomous of passwords, contraptions and plastic cards — all through microservices as building squares. In any case, that is only one a player in iTrue.
The stage itself does not offer client information. Or maybe, it empowers clients, customers, and designers to profit by sharing and using information on the stage.
The essential administration for verification with biometrics can be the premise of activities by outsider designers will's identity ready to incorporate their own particular highlights and arrangements into the iTrue stage.
•Designer
A designer can be one that manufactures microservices on the stage utilizing the iTrue recognizable proof and confirmation microservice, or different microservices Or, an engineer can be one that constructs applications that are specifically focused at end-clients (can either be different customers or individual clients)
•Client
It has full access to all information significant to itself, including past activities, salary, consumptions, connections to the record and contacts. Clients likewise get advised at whatever point a contractual worker embeds information about him into the iTrue stage Can oversee access to his own information, e.g., permitting or forbidding customer access to his data.
•A few Facts and Figures
The greater part of web based business truck deserting is because of overlooked passwords(49%) or overlooked charge/Visa subtle elements (59%) underscoring the need to enhance confirmation measures.
49% of the clients in the US are worried about their biometric information being endangered, while 35% are stressed over their bank approaching the data.
Facial acknowledgment in reconnaissance is lawful in Russia and different nations, however is viewed as a noteworthy protection danger, particularly if the security of the framework is imperiled.
In Shanghai and Beijing in China, facial acknowledgment is being utilized by state security and reconnaissance, as well as by privately owned businesses. Illustration: Fintech supplier ANT Financial is using biometric filtering even out in the open spots like the metro.
Benefits of iTrue goes in this manner:
•For Individual Users
Protection
Clients have full responsibility for information, and have full control over where their information is shared
Certainty
Client information is put away on a decentralized stage and never on neighborhood gadgets, hence guaranteeing better insurance against disappointments or information robbery
Straightforward entry
Biometric get to implies never memorizing a secret key again, and never relying on a contraption like a cell phone or Mastercard
Support in Data Economy
Singular clients can get benefits when they eagerly give information to customers and organizations that require it, as tokens or different prizes
•For Businesses
Robotization
Blockchain-as-a-benefit accompanies confirmation stage and decreases the need to manufacture one starting with no outside help, especially the ID check
Consistence with Regulation
Tokenized information sharing instrument educates clients and looks for approval before any information is traded, along these lines consenting to administrative systems like GDPR
Information Exchange
Temporary workers who generally gather and process information can trade existing information with different contractual workers who may hold their own particular information. To guarantee security, such information sharing will at present require client authorization
Altered Applications
Business access both turnkey arrangements and designer redid applications appropriate inside the iTrue stage
•For Developers
Time-to-Market and Scalability
Access to iTrue microservices empowers designers to assemble their venture or customer applications over the iTrue stage. Such applications can be recorded on the iTrue Marketplace for organizations and clients. iTrue's new kind of capacity additionally guarantees speed, security, and availability.
Token Sale and ICO Details
The token economy ensures a fair and legal framework for exchanging and storing data, wherein users, developers, and businesses are rewarded for playing a part in the ecosystem. A user earns tokens being a part of dApps userbase, A user can render outsourced services, i.e. remote IT assistance to companies, individuals using features of a Remote IT assistance dApp with built-in face authentication. A user pay with tokens on iTrue dApps marketplace to buy dApps third-party developers.
Token Details
Token - ITU
PreICO Price 1 ITU = 0.006 USD
Price 1 ITU = 0.01 USD
Bonus - Available
Platform - Ethereum
Accepting - ETH
Minimum investment - 100 USD
Soft cap - 7,500,000 USD
Hard cap - 40,000,000 USD
Country - Hong Kong
Whitelist/KYC - KYC & Whitelist
Restricted area - USA, China
Token Distribution
60% For Sale
22% iTrue Foundation
10% Team
7% Advisors
1% Bounty
RoadMap
Q2 – Q4 2017
Identification of competitors and market analysis
Q4 2017 – Q2 2018
Development of technical specifications, project architecture and a system of automated human face recognition
Q1 – Q2 2018
Development of Stone storage: Fast and scalable like DB, immutable and transparent like blockchain
Q2 – Q3 2018
Development of APIs to connect microservices with Stone storage
July 2018
iTrue company registration in Hong Kong
GDPR took effect. iTrue architecture and its microservices are already designed in accordance with GDPR requirements
August 2018
iTrue subsidiaries registration in India and Lebanon
Filing form D 506 exemption notice for submission to SEC, opening the token sale for US accredited investors
Q3 2018
Development of mobile applications (iOS, Android) enabling the insertion of personal data to the blockchain network and face recognition for access to personal data
Token Sale
Q3 – Q4 2018
Expansion to the Arab Maghreb Union, India and the CIS. Launch of 20 pilot projects in banking, insurance, surveillance, ecommerce industries
Opening iTrue community for third party developers; Opening the platform for third party microservices developers so they can build own microservices to expand iTrue platform functionality and community
Q3 2018 – Q1 2019
Development of a payment system and an IDV system to verify citizens of India, Bangladesh, Russia, Lebanon and Qatar
Q4 2018
Launch of the platform for Privacy Control and Data Sharing between Users and Clients. Users will be able to control their privacy and get tokens for its controlled data distribution to Clients
Q1 2019
Development of 5 additional microservices to make personal life and business processes easier and safer, available for integration to the projects of iTrue platform third party developers
Launch the platform for third party developers of applications so they can use iTrue and third party developers microservices by building enterprise/consumer apps and getting tokens on selling apps to Business and Users
Q2 2019
Launch of a fully-functional platform enabling Web 3.0 projects and DApps
Q1 – Q2 2019
Expansion to the countries of ASEAN. Launch of 50 pilot projects in banking, insurance, surveillance, ecommerce industries
Q2 – Q4 2019
Development of 20 additional micro services to solve day to day issues of Business and Users
Development of an IDV system to verify citizens of the China, Thailand and Indonesia
Team
For more information, please visit:
Website: https://itrue.io/
Whitepaper: https://itrue.io/files/iTrueWhitePaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4721365
Twitter: https://twitter.com/Itrueio
LinkedIn: https://www.linkedin.com/company/itrue/
Medium : https://medium.com/itrue
Reddit: https://www.reddit.com/r/iTRUE/
Lightpaper: https://itrue.io/files/iTrueLightPaper.pdf
Author TheJohnMatch
Mybitcointalkprofile:https://bitcointalk.org/index.php?action=profile;u=1673694
Eth Address:0x2202BcCe2EE3c8B2C34Db7E9Bb38eB7dF3D619Ed