The former president of United States of America Barack Obama once said “The internet has transformed how we communicate and do business, opening up markets and connecting our society as never before. But it has led to new challenges, like online fraud and identity theft, that harm customers and cost billions of dollars each year.” Which gives proof that digital identification is able to play a crucial role in achieving the sustainable development goals that the world is pushing harder for. This is what Stephen Young the founder of TrigID technology stack noticed was a need in the world and together with his highly experienced team is working hard to create a global digital identity system that will solve many problems the world is currently facing. Some of these problemsincludeknowing the person you are discussing with over the internet is what he or she says he is, being able to identify the real person you want to send money to, knowing that your vote is really from you. These problems arise due to the fact that it is very difficult to identify the real person an individual is dealing with especially over the internet. TrigID is the first and only internet based way to show that a person is really who he claims he is because it uses one person, one identity which can be verified with real world identifiers like phone numbers, driver’s license numbers, and addresses.
TrigID Services
The TrigID provide at least six identity services which includes;
REGULATORY
This helps in three major ways with the first which has to do with Know Your Customer (KYC), the second Anti Money Laundering and the third has to do with Crime and Terrorism Prevention.
The first one of knowing your customer, an individual receives a photo of license containing the date of birth and address of a client and wanting to know if that information is correct can ask the person something he should know about himself like his phone number, email address or his TrigID secret phrase, as he provide answers to these question the TrigID Graph will automatically verify his answers to see if it correct and matches with his identity on the system or the individual can choose to speak with the person using the video calling app to be able to verify his voice print or his face image.
The second of anti-money-laundering, family name dictionary filters and addresses of street, town and country from known network will be used, so that any organization that is responsible for detecting and prosecuting money laundering activity while maintaining their own private identity graph can choose to use the one person one identity system that will dramatically cleanse task and simplify data matching making the Know Your Customer data more valuable.
The third that deals with crime and terrorism, the current phone numbers, email address and address with other identifiers that is easily changed will be up-to-date in the Universal Identity Graph which will make it easier for any enforcement organization to carry out their duty although the graph will not provide information that will be new to them, and making it difficult for terrorist and criminals to hide their activities.
SOCIAL GOOD
We can’t just imagine how good this world will be when every on the planet can be identified and get the social and financial benefits that is due them like education, healthcare and others, because without an identity to the world you are no-one. And regrettably more than a billion people today on earth have no identity, some being forced to leave their homes and countries to live like refugees in an environment that they can’t be identified, causing so many unidentified children being kidnapped and forced into sex slaves.But thankfully with TrigID one will be identified as soon as he has a name or parent which can never be lost and strengthen with attestation from a third party or government.
More than 20% of the world populations today don’t have a bank account of any type, meaning they can’t safely save for their children or borrow money or go into any trading agreement. Mostly because some of them do not have enough proof of identity to open an account with the bank, and this is also what TrigID is solving because it gives identity that can be proven anywhere.
HEALTHCARE
Patient and Health record identification has been a problem down the years with more than 250,000 people dying in the US alone due to medical errors (not getting the right treatment at the right time) mostly caused by incomplete records. an assessment carried out in the US in the year 2014, the office of the National Coordinator for Health Information Technology found out that the best error rate is around seven percent. Truly it is usually more than ten percent in a healthcare facility and more than that when facilities exchange with each other. But to help solve this problem and medical waste the TrigID personal app will be of great assistance to doctors, nurses or admission desk as it will help them easily identify patient with 100% accuracy.
PERSONAL FREEDOM
Although governments have been trying hard to keep records of its citizens yet most persons don’t really have that confidence in them to provide all their identities because of the risk involve, since a centralized government database will be the target for criminal identity theft. But TrigID is providing a better option of putting decentralized records together without the loss of privacy, able to work with analog, digital and biometric identifiers that cannot be hacked.
CONSUMER PROTECTION
The TrigID personal app will help check the true details of an individual before transacting with them, as this will be a big way of protecting consumers of internet fraud which is one of the major problems facing the globe presently.
CORPORATES
Recovery of stolen or lost data has been a nightmare for many big firms as it has led to huge cost on their part. And now TrigID is solving that problem with the universal data de-identification where a person’s record can be accurately found anytime as long as they have a local TrigID sub-graph that connects to record keys.
How TrigID Works
The TrigID makes use of a novel scheme that is inspired by geometric triangulation, where common identifiers are encrypted and their information reduced to fewer bits. The identity vectors made by the mashing algorithm serves as arcs in a giant identity graph that is of no use in themselves, that is why they are encoded into a public blockchain that is part of the ID transaction token, to locate an identity two or more arcs are recorded which will be part of the universal identity graph and can be used by any device that have downloaded the TrigID
TOKEN DISTRIBUTION
The TrigID blockchain database makes use of the ID tokens that is transferable on the blockchain platform. Out of the $380 billion token, $1,500,000 will be used for professional fees and $5,000,000 will be used to purchase intellectual properties, $3,000,000 allocated for taxand $15,000,000 for salaries while $5,500,000 will go for other operating cost.
An estimated 31,000,000 token will be sold out while 5,500,000 will be for advisors and employment incentives, also 1,500,000 will be for community bounty programs and 10,000,000 for curated ID bounty program.
ROAD MAP
CONCLUSION
The TrigID Ecosystem is one the world has long been anticipating as it will totally eradicate identity theft that now plagues mankind and restore verifiable identity for all that is safely stored and used in public. Which can be audited and validated as it is unique for each individual and cannot be tampered with by anyone since it is making use of the blockchain platform, this will bring hope for the billions of people on earth that is abandoned due to lack of identity and reduce drastically the death of many in the health sector due to medical error as a result of inaccurate information. The platform will be easy to migrate and be of great benefit for all with its token offering, that is why we are requesting that you carefully read this article and see reasons why you should be part of this lifetime breakthrough in the world of crypto currency.
FOR MORE INFORMATION VISIT:
Website Link: https://trigid.org
Telegram channel: https://t.me/TrigID
Facebook Link: https://www.facebook.com/trigIDorg
Twitter Link : https://twitter.com/TrigIDorg
Medium link: https://medium.com/@stephenmdyoung
Bitcointalk thread : https://bitcointalk.org/index.php?topic=4575756.0
PRODUCED BY: CRYPTOWIN1
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2068163
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