Project website: https://token.v-id.org/?2
V-ID is the best candidate to become the de-facto standard solution for document fraud.
Why invest in V-ID?
As foreseen by V-ID developers, the issuing organization for documentation can register any file through the validation process of the V-ID platform, allowing each recipient to verify its authenticity within a matter of seconds and for free. V-ID does not save a copy of a validated file and therefore easily complies with all standards for data protection, including the GDPR guidelines.
V-ID is being developed by WIDIDI. Since 2008, WIDIDI has established and continually developed versatile platform, called M16, to execute software projects for their client-base. WIDIDI is specialized in secured environments, connections and communication. Compared to WIDIDI's regular big scale projects, V-ID is a unique and scalable service. Therefore, optimal expansion of V-ID as a service requires a different approach. One of the milestones in 2018 will be to establish V-ID as a separate organization.
Funding will be generated through a large-scale Token Sale, in order to speed up development of the V-ID platform as well as facilitate market research and marketing, and token sale is currently in progress. The V-ID Utility token offers a concrete added value in identifying issuing organizations, saving digital fingerprints in a smart contract and processing payments for validating. Technical development of V-ID focuses on a broad application of fail-safe fraud prevention.
Plan is to transform V-ID into a market leader in file fraud protection, just like SSL has become for secure internet connections, and foreseen time frame is three years. V-ID team is convinced that they can achieve this, knowing that they have a strong team with the necessary professionals, and work together with recognized parties and individuals.
Nevertheless, it is important to mention that, V-ID’s progress with the current adoption and conversion gives them a good picture of the product market fit.
V-ID will be used by any organization that wants to fraud-protect its digital files in a fail-safe way, which is comparable to how certified SSL connections are currently used for websites. V-ID team believes 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 cost-effective, fast and completely non-intrusive to existing workflows. Any recipient can verify the file in 5 seconds, without an account, from any device with an internet browser. At a later stage, V-ID can focus on online identification and analysis of both individuals and companies.
Bounty ANN: https://bitcointalk.org/index.php?topic=5012142.0
Author: https://bitcointalk.org/index.php?action=profile;u=1573369
