The IAME platform is a system which is decentralized and it allows the parties that perform blockchain transactions to verify the identity of each other without having to disclose non-essential sensitive personal information to the counterparties on a primary level: the source of the Cryptocurrencies in the transaction on the secondary level. The Identifications would be conducted by a multitude of independent third party validators, each verifying fragments of information that would constitute and create a complete verification together, such that only the original owner of the sensitive personal information retains his/her data in a wholesome and useful way. The result of the identification process would be hashed onto a designated blockchain and made accessible on a public repository such that the identification status and source of the cryptocurrencies associated with the specific blockchain addresses can be consulted, without compromising the unique identification data.
The IAME Identification Network is a purpose-built system which is used to service the fragmented identification process, fueled by the IAM cryptographic token. The Functionality of the IAME Identification Network would principally serve Blockchain P2P transactions, however, usage would be extensible to merchant transactions and financial institutions in the provision of blockchain related services.
This IAME Identification Network consists mainly of:
1.) A Client
2.) An Allocation Server
3.) A Validation Server
4.) A Writable Blockchain
5.) An Identity Server
Each of the components would carry out specific functions that can b demonstrated in two processes which include A validation Process and also an Identification Process.
The IAME Identification Network would not be a bypass for data which would be shared between the transactional counterparties but it will would also serve to segregate the distribution and validation of non-essential sensitive information which is personal.
THE IAME TOKEN
A functional token has to be issued before operating the IAME identification Network, which is known as the IAME token. This IAME token would operate as a validation token to create or initiate confirmation requests for validation packets on the IAME Identification Network. Parties would spend the token through the IAME Identification Network client and after the deduction of equivalent blockchain hashing costs, the balance of IAME tokens would be paid out as reward to the third-party validators who then operates the validation processes on a for-profit basis. This will not only store value to the token, but it will also store the market value of the IAME tokens based on demand and supply for identification processes.
As the IAME Identification Network is functioning, the primary application would be the facilitation of blockchain peer-to-peer (P2P) transactions, such as online merchant transactions.
This is further explained below:
Essential information would be a name and an address without which the transaction and the delivery of the good cannot occur.
Non-essential information would include, for example, an identity document to prove the name of the customer, an utility bill to prove that the address belongs to the customer, and the specific date of birth of the customer.
The IAME can be used as a platform for Financial institutions. With the creation of a partially meshed system, it would provide financial institutions handling cryptocurrencies a level of comfort, to the nth or infinite level, on the source of cryptocurrencies which would still constitute a more efficient anti-money laundering tool than current procedures for the cryptocurrencies.
There is both a practical imperative and commercial need for a non-invasive identification system for a decentralised blockchain technology and the IAME team believes that the IAME Identification Network will be the bridge that will link blockchain technology to the regulated world.
FOR MORE DETAILED INFORMATION ABOUT THE IAME IDENTIFICATION NETWORK, PLEASE VISIT THE FOLLOWING:
WEBSITE: https://iame.io/
WHITEPAPER :https://iame.io/res/180301-IAME-White-Paper-en.pdf
MEDIUM: https://medium.com/@IAMEIdentity
FACEBOOK : https://facebook.com/IAMEidentity
TWITTER: https://twitter.com/@iameidentity
MY BITCOIN TALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=1895997
MY ETH ADDRESS: 0x1AAC75E808fddB0f431da5DF3e8A91739aaB6E85
Authored by: cryptorocket84