Biometrids Identity Network biometrids.io

Biometrids Identity Network biometrids.io | Ecency

BIOMETRIDS — DECENTRALISED & ANONYMOUS IDENTITY

Overview
Identification has been of great importance through centuries. Since the breakthrough of the internet, it has become even more important with verification of identities as digital identities was born out of the internet, and has become a daily usage. Digitalization of identities has not only changed the processes of verification, but also increased the complexity due to issues like identity theft, money laundering, financial crimes, hacking, terrorism
etc. Sample case :

Approximately $16 billion was stolen from 15.4 million US consumers in 2016. Over
the past 7 years (up to 2016) identity thieves has stolen approximately $107 billion
from US consumers alone .
The UK identity fraud has more than doubled over an eight-year period (2008 –
2016), with 9 out of 10 identity frauds being committed online (see table 1). In particular young people are being main targets of identity attacks.
In 2016, a record of 421 billion data records was stolen. This is equivalent to 35 data records stolen every second.
Recent survey (December 2016) reveals consumers are more worried about cybercrime than physical world crime. The two main worries where financial losses
and hackers taking over their computers
Further, 52 % of internet users who have experienced losing money to cybercrime has not managed to get their money recovered.

“ We use machine learning to ensure facial recognition. Even though your appearance may change over time, your facial contours will always stay the same. If a company or user needs to identify you, they can send a request for your Biometrids wallet. A request will pop up on your screen and you simply scan your face. This will validate your corporate identity or user. We are building a platform that other blockchain projects can implement. This could be wallets, banks, companies, real estate partners, and more. If a wallet developer wants to use the system, they simply implement the API; afterwards, you can use your face to login to your wallet and you will be able to pay them directly. The day stores have implemented a lot of wallets, so it will be very simple to make payments. Simply scan your face and accept the payments requested. And off you go. The same process will be used for public services. If you get stopped by the police, then simply scan your face and they can read your driver’s license on their device. The list of opportunities goes on and on.”

Current problem of identification on the blockchain.
Identification is the process of finding out whether someone (or something) is really
the person he/she claims to be. Authentication is the process of proving something is true, such as a key or a password. The quality of authentication depends on the quality of identification and the protection against forgery.

Blockchain technologies are an interesting technology, as they require the use of cryptographic keys to sign messages for each interaction. Interactions with blockchain- based systems require a usable public-key cryptography. At the current state of the blockchain technology, the management keys and usage of the wallets has been causing difficulties for non-technical users, creating an entry barrier. Further, a limitation currently being discussed in the market is the fact that distributed ledger technology can be an approach for stronger identification and authentication,
but is not a real solution. People might be using faked ID cards, fake social media profiles, someone else’s fingerprint, or fake names.

Biometrids Solusition
Open-source blockchain technology moffers the opportunity for a decentralized certificate authority for verification. It can maintain the mapping and distribution of identities to public keys, e.g. wallets. The smart contract can furthermore act as an autonomous computer program, executing predefined sophisticated logic within the blockchain system. The smart contracts help with verification between systems and the key management to ease the burden for the end users. Biometrics is a key feature, as every individual on the planet is born with a unique set of biometrics, providing a tamper-proof method to uniquely identify who they are. The concept of biometrics includes your fingerprints, your face, your eyes, and even your voice. Combining it with blockchain makes much sense. Instead of having a fragile piece of paper, the information is digitally recorded on an immutable ledger, which can be used as an approach to securely log each identity in a system. It also offers privacy, as you alone will be able to grant access to your ID and see who has accessed your ID and when. Further, the blockchain is inexpensive and transparent, and throughout its current lifetime, it has been proven to resist hacking attempts.

VALUE PROPOSITION
Biometrids aim is to be the number one supplier of secure and easy usage identities, by offering a decentralized P2P network, represented by blockchain technologies. Using the Biometrids platform as an entry point.

Biometrids, the platform that solves the identity problem on the blockchain.
The Biometrids platform allows people to identify themselves to others using the face recognition built into their phones. By using an immutable distributed ledger, every person in the chain will be unique. One face means one ID, and every ID is unique. If you are recorded in the chain once, you will never be able to manipulate that ID again or copy the ID. This will prevent identity theft and scams, and will also ensure users are who they say they are.

Platform and description

Biometrids use machine learning to ensure facial recognition. Even though your appearance may change over time, your facial contours will always stay the same.
If a company or user needs to identify you, they can send a request for your Biometrids wallet. A request will pop up on your screen and you simply scan your face. This will validate your identity to that company or user.

APIs and System
Biometrids are building a platform that other blockchain projects can implement. This could be wallets, banks, companies, real estate partners, and more. If a wallet developer wants to use the system, they simply implement the API.
afterwards, you can use your face to login to your wallet and you will be able to pay them directly. The day stores have implemented a lot of wallets, so it will be very simple to make payments. Simply scan your face and accept the payments requested. And off you go.
The same process will be used for public services. If you get stopped by the police, then simply scan your face and they can read your driver’s license on their device.

The following is a description of APIs and Biometrics System

ROADMAP
2017
Q1 and Q2. January — to June — discussion and
market study.
Q3 Development of the concept. Finding solutions to building the system.
Q4 PRE-ICO and ICO

PRE-ICO 25th of November to 1st of December
ICO 16th of December to 13th of January.

2018
Q1. Setting up the foundation and hiring process. Starting to develop stage 1.
Q2. Getting adopted to exchanges.
Q3. Beta version of stage 1. Testing with community. Creating design model and architecture for stage 2 — Community meet up, where we discuss ideas, current plans, future plans, and whats happened since the end of ICO

2019
Q2. Beta version of stage 2. Testing with community.
Q3. Creating design model and architecture for stage 3
Q4. Releasing stage 2 and starting to develop stage 3. Community meet up

2020
Q1-Q2. Beta version of stage 3. Testing with community. Creating design model and architecture for stage 4.
Q3. Assembling of product and full test. Partnering up with new services to use our API.
Q4. Stages 3 release. And starting on stage 4.Community meet up

2021 and onward
Q1.Stage 4 development, and final release of
Biometrids platform.
Q3. Final release of Biometrids platform, for all partners to use.
Q4. Community meet up

PRE-ICO 25 nov. 5,000,000 coins available
ICO 16 dec. 70,000,000 coins available.

Name of the token will be IDS. There will be a total of 100,000,000 IDS.

5% will be sold in pre-ICO.
5% will be for bounties and advisors.
70% will be sold doing the crowdsale.
10% will be for team.
10% will be for foundation.

Pre-ICO will run for one week and the price will be 910 IDS / 1eth. The crowdsale will run for four weeks and prices will be:

Week 1: 665 IDS / 1eth
Week 2: 550 IDS / 1eth
Week 3: 500 IDS / 1eth
Week 4: 450 IDS / 1eth

Pre-Ico and crowdsale will run until end date, or until all coins are sold. The 10% for team and the 10% for foundation will be locked up for three years. Every unsold coin during the ICO will be locked for five years. After five years, they will be sold back to early investors in a private fundraising campaign. They will not be sold on exchanges.

TEAM

Morten
Nielsen
Founder and CEO

Daniel
Broe
Business Developer and Partnerships
Daniel is in the lead of business development. He is passionate about blockchain and business development and is an entrepreneur.
He is currently working as a Senior IT and Finance consultant. Daniel was previously the co-founder of a Norwegian subsidiary sports analysis and Head of Department in Denmark.

Jolene
Sapsworth
Marketing Manager
Jolene leads the marketing department.
She has been working with marketing and communication in a big Danish company.
She has a PBA in International Marketing and Communication and is also educated in Marketing Management.

Kirill
Beresnev
Ethereum Developer
Kirill is the lead Ethereum developer and is an enthusiastic blockchain engineer with five years of experience.
Kirill has extensive experience in Ethereum and blockchain development.
Kirill has previously worked with Smartum Pro and Hyerledger Fabric.

Jana
Antonova
Graphic Designer
Jana is an experienced graphic designer and photographer, managing and coordinating graphic design projects from concept through to completion.
Jana is good at conceiving designs, as well as effectively building, motivating, and directing design and production.

Kiril
Ganchev
Algorithme and full stack developer
Kiril leads Algorithms. Kiril Ganchev has more than eight years of experience in image processing, computer vision algorithms, embedded systems, and periphery.
He has been working many years for Nokia and Microsoft projects, which have been successful and highly rated. He has also led a small, but highly skilled team of professionals.
Kiril studied Physics in the Sofia University “St. Kliment Ohridski” and has participated in informatics, math, physics, and astronomy contests.

Igor
Novaković
Ethereum and web developer
Igor is an experienced web developer and Ethereum developer. Highly enthusiastic about new technologies.
Have a Bachelor’s degree in Business Information Systems. Graduated on “Agile Software Development — SCRUM methodology”.