Hello everyone in this article I will present an interesting ICO analysis, called iTrue, based on the following criteria:
What is iTrue?
iTrue is a Blockchain-as-a-Service (BaaS) solution that features a built-in authentication system with biometrics as its core microservice. Companies and developers can use the platform to authenticate their users, to build their own blockchain network, and to earn rewards from a fair exchange of data. Users can use the platform to conveniently and securely get authenticated, control how their data is used, and earn by sharing their personal data in a controlled manner.
The iTrue Token Economy
Participants can benefit from the Token Economy through two main sharing models:
01. Marketplace For Data
Contractors: Entities that collect and process data (such as mobile service providers, banks, insurance companies, e-commerce, event and service companies) earn tokens from inserting data into the platform;
They can also exchange with new data inserted by other entities.
Clients: Businesses that require data for their operations (such as advertisers) can simply acquire the data they need with tokens, which are shared with the Users or Contractors that provide such data.
Users: Individuals can actively share their data with Contractors and Clients, in order to earn token rewards. Users are informed about each request for their data, which needs their approval.
02. Marketplace For Decentralized Apps
Developers: Third-party developers can build decentralized applications that take advantage of free\paid microservices and earn tokens when users and businesses either use these turnkey solutions or request for customized apps. Third-party developers can build iTrue microservices that other devs can utilize in their own apps.
Businesses: Businesses that require data for their operations (such as advertisers) can simply acquire the data they need with tokens, which are shared with the Users or Contractors that provide such data.
Users: Individuals can actively share their data with Contractors and Clients, in order to earn token rewards. Users are informed about each request for their data, which needs their approval.
| Token Sale Term | |
|---|---|
| Total number of tokens | 8 billion |
| Nominal value of token | 1 ITU = 0,003 USD |
| Token type | ERC-20 |
About iTrue Fondation
The iTrue Foundation is aimed at motivating and rewarding developers to come onboard the iTrue platform, thus helping in enhancing scalability in terms of expansion to new markets.
Goal
Disrupt the way decentralized apps are built, with increased focus on user privacy and fair data exchange without dependence on devices.
ROADMAP
Follow our roadmap as we build scalable Self-sovereign Biometric Identity solution for decentralized Web
- 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
- July 2018: GDPR took effect. iTrue architecture and its microservices are already designed in accordance with GDPR requirements
- September 2018: iTrue subsidiaries registration in India and Lebanon
September 2018: 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
- Q3 2018: 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
- Q3 – Q4 2018: 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
- Q1 2019: Launch the platform for third party developers of applications so they can use iTrue and third party developers microservices by building enterprise/consumer dapps and getting tokens on selling dapps 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
- Q2 – Q4 2019: Development of an IDV system to verify citizens of the China, Thailand and Indonesia
To find more relevant details from the iTrue project, please follow a number of sources for the following references:
WEBSITE
WHITEPAPER
FACEBOOK
TWITTER
TELEGRAM
Bitcointalk username: Aray80