Velix.ID is a blockchain startup which has been working really hard for months now to solve the digital identity crisis.
Here's what Velix.ID is trying to do:
Create a decentralized platform for identity verification using Blockchain Technology and trying to improve upon the existing systems of Identity Verification, and build a platform that is efficient for both businesses & consumers.
How will they do it?
Velix.ID tech team is using Stellar Consensus Protocol (SCP), BIP32, Zero-Knowledge Proofs, Smart Contracts, Proof of Elapsed Time (PoET) which are more advanced and dependable technologies of blockchain.
Velix.ID will incorporate these technologies on their own blockchain which will ensure the users privacy and help in giving users a hasslefree identity verification experience.
Who will they Cater to?
Velix.ID is initially targeting India and Australia as their primary target markets and aims to serve more than 1.3 billion people in the world.
