Every year, companies around the world are subjected to constant cyberattacks. Every year there is a leak of data with damage accounting 114 billion dollars, and this statistics is growing every year.
So, for the first 6 months of last year, the losses from stolen data increased from 1.06 to 7.78 billion. As a result of hacker attacks, personal information is being hacked, stolen and lost. Almost all existing organizations use cloud storage, but the latter are easily accessible for hacking.
Thus, the question of preserving information is acute in the realities of modern society. Developed algorithms will soon be able to crack any code. It is of utmost importance to resolve the issue of data protection. Therefore, the creators of IDM platform decided to combine the advantages of cloud and blockchain technology.
The project’s main idea
Previously, only state power, with the same right of access, could provide high data protection, which caused a number of adverse consequences.
This project transfers this opportunity to the hands of ordinary citizens.
IDM is the service of the future, capable of protecting information at a higher level than international governments did.
What will the participants receive?
The users of the project are guaranteed the protection of data from government interference. Even the creators of the service will not have access to them. Information will be unavailable for special services.
Campaign organizers are ready to provide legal protection of their users' data.
Hackers will not also be able to hack blockchain technology.
Miners will receive income from memory leased. The creators of the project are willing to pay $4 to $5 per month for 50 GB.
Key Features
To ensure a high level of protection, SIZE software solution was developed, effectively operating on the basis of IDM platform. Consumers and businessmen will stop suffering huge losses because of hackers.
SIZE guarantees tens times higher security than AES 256 system.
With the help of IDM, users will be able to store personal documents, videos and photos, information from financial, commercial and banking sectors.
Project advantages
The developed platform has a number of advantages:
- Highest level of data protection;
- The principle of the system will not allow unauthorized access to remote computers due to the lack of vulnerabilities in it;
- The configuration of the system makes hacker attacks impossible;
- There is no need for DNS servers;
- Metadata will be generated and stored by the users themselves and will never get on the Internet;
- Users will be able to store, protect, and manage their data;
- If information is lost, it will be possible to restore up to 98% of the lost data;
- The ecosystem can easily be adjusted to any number of storage nodes;
- Under no circumstances the information will be lost, hacked or destroyed, including such situations as natural disasters, government interference and prohibitions, power outages, massive disconnections of storage nodes. In such cases, the data will be automatically redistributed among the remaining platform participants;
- Full autonomy of the system;
- Receiving income from leasing out equipment.
ICO Details
SIZE technology encrypts data on a user's device without the possibility of hacking them and sends it to IDM platform, where it is randomly distributed among the platform participants. Calculation with the miners will be carried out through automation of administration based on the use of blockchain technology.
The released tokens will be distributed in the following way:
- 2% - for the bounty;
- 5% - for the developer services;
- 13% - for the teams;
- 20% - for the reserve fund;
- the remaining 60% will be allocated for sale.
IDM prospects in the future
Since the security of information is an extremely hot issue for modern society, IDM will become an indispensable attribute of the lives of many people on the planet. Its value will be equal to the importance of the electronic signature. Every person will have the access to the system.
Links:
Website: https://idmoney.io/
White Paper: https://bit.ly/2Mp6wh1
Telegram: https://t.me/idmoney_eng
Facebook: https://www.facebook.com/idmoney/
Twitter: https://twitter.com/IDMoneyHDN?lang=en
Medium: https://medium.com/@IDMONEY
ANN: https://bitcointalk.org/index.php?topic=3207583.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.