Big Data, and how it’s handled, is one of the main subjects of debate in pretty much every industry. As the Internet becomes an ever-increasingly integral part of our everyday lives, the question of how data is handled and how our privacy is secured will become more important. With the recent introduction of GDPR in the European Union, data security is now a crucial aspect of running a business.
At the same time, blockchain technology is becoming more prevalent in the business sector, and more companies are looking into how they can create blockchain-based apps for themselves and their clients. iTrue is a company that is about to launch an ICO for their project, which will attempt to tackle the data question and at the same time provide a platform for businesses to develop their own blockchain-based apps.
About iTrue
iTrue Limited is a Blockchain-as-a-Service (BaaS) provider that has developed a development platform with a built-in system for authentication with facial recognition as its core microservice. The company hopes to innovate the way business build decentralized applications, and enable them to build blockchain networks for data sharing with robust data privacy to comply with GDPR.
iTrue provides complete control over confidential personal data, notifications of where users’ data is used, integration of privacy controls into enterprise applications, and compliance with GDPR and other regulations, according to the announcement.
The company’s BaaS platform is backed by the iTrue Token Economy, and its ITU tokens can be used as rewards for participant’s information.
One of iTrue’s early pilot implementations is in partnership with Trade Center Europa, which operates shopping malls in Russia. iTrue’s biometric authentication will be used for payments in Europa’s commercial network, and its facial recognition technology will be used to locate lost individuals.
iTrue Key Features
iTrue is the first platform to combine blockchain technology with database technology. Not only is iTrue very resilient to hacks and attacks of other kinds, but the infrastructure of the platform itself is also very scalable. Users of iTrue will have complete control over how their personal data is being used and by whom. Even if they should forget, the platform will send them alerts to remind them of how their data is being used and for what end.
The team behind iTrue has also ensured that the platform complies will all privacy regulations put in place by the local and federal government. The businesses themselves can of course also create their own apps, and put in place their own security measures.
iTrue Token: ITU
The primary backbone of iTrue is its overall token economy that allows businesses, developers, users, and clients to benefit from their efforts of sharing data within the decentralized app marketplace. Through this platform, users can exchange data across other users, businesses and data providers that need it.
ITU is the iTrue token, which will be the cryptocurrency with which businesses can develop apps, users can benefit from them, and developers can get paid. By engaging with the platform and its many apps, everyone involved will be rewarded with ITU tokens.
Token Information
Token Ticker: ITU
Platform: Ethereum
Type: ERC20
Total Tokens Supply: 8,000,000,000 ITU
Token for Sale: 4,800,000,000 ITU
Acceptable currencies: ETH
Token price: 1 ITU = 0.01 USD
Minimum investment: 100 USD
Maximum Investment: 100,000 USD
Soft cap: 7,500,000 USD
Hard cap: 40,000,000 USD
Country Registration: Hong Kong
Restricted areas: USA, China
Website: Visit
Whitepaper: Download
Useful Links:
Website: https://itrue.io/
Whitepaper: https://itrue.io/files/iTrueWhitePaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4721365
Bounty Thread: https://bitcointalk.org/index.php?topic=4830309
Telegram: https://t.me/itrueio
Facebook: https://www.facebook.com/iTrue.io/
Twitter: https://twitter.com/Itrueio
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