Have you at any point seen how regularly we leave our own information on the Internet? Truth be told, relatively consistently. To get to any purchaser benefit, you have to give the distinguishing proof data – for enlistment at gatherings, in interpersonal organizations, rounding out input shapes, purchasing something in the online store, or for enrollment of the bank cards. We generally share data about ourselves however don't consider whether it's protected.
Lately, gatecrashers, offering whole databases, have transformed it into an extremely gainful business. Along these lines, clearly existing security frameworks can not adapt to the insurance of our own information.
Be that as it may, there is an answer for this issue! The Velix.ID group needs to actualize it, offering us another level of computerized personality recognizable proof utilizing blocking innovation.
What is Velix.ID?
Velix.ID is an all inclusive, straightforward, decentralized, financially savvy environment for personality check. The principle objective of the stage is to make a solitary decentralized database utilizing a blockchain framework that will enable us to disregard the security of any data that we give on the Internet.
Your travel permit information, addresses, Mastercard numbers and other data are put away in one safe place. Distinguishing proof requires just a single code, not a heap of reports, which are now and again required earnestly. With Velix.ID, you can get to the majority of this information in a flash, while holding control over your information and protection.
The key highlights of Velix.ID are client enhancement, decentralization, straightforwardness, security, lack of definition (ie, the stage will guarantee the privacy of exchange sides from different clients of the blockchain), and the comprehensiveness.
How Can it Work??
The client can make a profile and refresh all the data on it. All information will be related with an exceptional 8-digit alphanumeric identifier. This information is put away without anyone else gadget, not on the stage. Velix.ID can be given by the client to moment and dependable access to any administrations. On the off chance that an association has effectively checked the Velix.ID client data, different organizations don't have to rehash it. Another organization in the Velix.ID biological system can basically ask for an affirmed character from a business association that has officially checked it with Velix.ID.
The present procedures of distinguishing proof are excessively troublesome and dull for the two buyers and organizations, excessively wasteful as far as budgetary costs, time utilization, and in addition issues of privacy and security. The utilization of blockchain innovation enables you to change these procedures such that it ends up productive for business and for purchasers.
The information put away in brought together areas are liable to different and enormous information infringement and dangers uncovering the personality of the client. Frequently, when we have to enlist some place and enter the fundamental data, at that point influence duplicates of the reports, to download them and sit tight for the fulfillment of the check procedure, - it demoralizes us from doing as such and, in this way, the personality confirmation process prompts noteworthy money related expenses for ventures and lessens the quantity of clients!
Individual data is isolated into 4 levels as per its significance and the hazard related with the exchange of data.
Level 0-1: Basic PII
This data incorporates the distinguishing proof of the name, number, address, date of birth and biometric data. At this level, the procedure of 'Know Your Customer' can be finished in a split second.
Level 2: Verified PII
These are the auxiliary distinguishing proof information, for instance, conveyance addresses, visa ids, restorative records and protection cards, business recognizable proof numbers, and so on.
Level 3: Beyond PII
At this level, the client has effectively affirmed his character before the demand and can ask for an exchange for checking archives from the working environment, instructive establishment, government associations, and so on.
Who Will Benefit From Velix.ID?
Most importantly, any individual who utilizes Velix.ID to check the personality. Likewise, the associations that would prefer not to put time and cash in checking the character of a man. They can utilize the Velix.ID biological system as the initiator of the character card. What's more, at long last, any venture that is occupied with checking data identified with the ID of an individual or business (this might be instructive, saving money foundations, multinational associations, or even legislative associations). They can be trusted ID suppliers in the Velix.ID blockchain.
Tokens and Velix.ID
Claim VXD tokens will be required for all exchanges in the biological community. They are planned for the trading of character information. Amid the exchange, the business that solicitations character ID pays VXD tokens. Some sum is additionally paid to the client for agree to this exchange.
The VXD tokens are settled in number at 100 million, accessible for procurement - 50 million tokens amid the ICO. Tokens were initially discharged on the Ethereum blockchain, however after some time, the engineers will exchange them to their own particular Velix.ID blockchain, which shows the reality of the undertaking.
A validation has been one of the most concerning issues of late because of the expenses and dangers related with this procedure. Velix.ID utilizes blockchain innovation, shrewd contracts, zero-information confirmation and SCP to make a biological system that upgrades time and assets for purchasers and organizations.
for here
ANN THREAD LINK- https://bitcointalk.org/index.php?topic=2721724.0
TWITTER- https://twitter.com/VelixId
FACEBOOK- https://www.facebook.com/VXDID/
Bountyhive User : kuma