V-ID uses blockchain technology to stop all document fraudulent activities. The V-ID Validation Service allows organizations to verify the authenticity of their documents in a worldwide decentralized blockchain.These documents can then be checked, so recipients know that the content of the document does not change and is exactly the same as originally published.
The V-ID platform allows the recipient of the file to verify the authenticity and contents of the file by entering it in the verification terminal at https://www.v-id.org. After checking the file, V-ID creates a scan report. OIC (certificate of information about the origin) is offered in PDF format. The certificate has all the information about the issuing party, the file itself and all block-chain data, such as time stamps and proof of existence. The verification process can be done in two ways: verification by a certified employee of V-ID and self-assessment. For each check, transactions are made with V-ID tokens. Because the data related to this transaction is in the blockchain, the party that validates and the file being examined is completely transparent.This is an example of a Report Incident verification process from the Maritime Cyber Alliance platform:
The project team behind this idea already has a lot of experience in this area and with this experience they hope to lead this project in the right direction. They characterize V-ID itself as a possible alternative to file certifications and digital signatures. Since a lot of online is happening today, it is important that this can be done in a safe and responsible manner. V-ID can be useful in various industries, such as health, technology and education. Another important advantage of the project is that they have already served certain customers in these sectors.
We believe that fast adoption of V-ID’s technology is possible, because it is radically different from other current fraud prevention technology. V-ID offers validation of any digital file with maximum security, optionally on site with a certified notary present, to oversee the process. Implementing V-ID is costeffective,fast and completely non-intrusive to existing workflows.
The problem
One of the downsides of the digitalization of society is the difficulty in combating fraud with digital files.
The solutionV-ID is a service that uses blockchain technology to make fraud with digital files impossible. V-ID users can be divided into two groups: creators and receivers. Once a creator registers a file in V-ID, this file’s authenticity can then be verified by the recipient.
V-ID’s validation process guarantees that the person registering the file actually represents the organization issuing the file. V-ID does not save a copy of a validated file and therefore easily complies with the GDPR guidelines.
Procedure of distribution of the token-ICO
The primary token platform V-ID is the token VIDT, standard ERC-20 on the basis of the Ethereum blockchain. It serves to verify a specific digital document. All data at the end of the check is recorded in the blockchain can be checked at any time.
➯ Token: VIDT
➯ Standard: ERC20
➯ Presale: from 15/09/2018 (first week bonus 35%)
➯ Main sale: October 15 to December 15, 2018
➯ Total supply: 100,000, 000 VIDT
➯ Softcap: $ 1,000,000
➯ Hardcap: $ 8,000,000
➯ Token price: 1 VIDT = $0.20
➯ Deposit: ETH
Conclusion V-ID
V-ID will have the biggest influence on the market with the potential that this platform has. With the help of Digitizing the V-ID Platform Ensuring that fraudulent paper files are increasingly moving to digital file fraud to be more efficient and safe.The service provided by V-ID is still new but has a unique concept. The most simple and scalable V-ID solution on progress verification.V-ID is not a specific market or application but has enormous potential when developed will become a de facto standard.
- FURTHER INFORMATION
author by: Berlian
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