V-ID: ICO Review

Introduction

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.

V-ID provides reliable on-demand verification based on blockchain. V-ID uses the document’s digital fingerprint and blocks it in the transaction chain, which is then transferred to thousands of servers across the planet in a decentralized manner. V-ID does not save a copy of the checked file and therefore easily complies with the recommendations of the GDPR.

What is V-ID Platform?

V-ID is the best Blockchain Powered Validation Platform candidate to be the de-facto standard solution for document fraud.With the blockchain system developed from the V-ID platform, it provides services that use general and trusted principles to enable validation and verification for any digital file to be safe and can be known by any publisher. Because blockchain is not changed and transparent in the progress of the platform.

The issuing organization/publisher can register any file through the V-ID Platform verification process. It can take into account the authenticity of the document in a few seconds very useful in falsehood whether it is genuine or not and also for verification does not require a fee.

The V-ID platform does not store copies of files examined and therefore easily meets the recommendations of Data Protection (GDPR). Very different compared to the regular WIDIDI large-scale project, V-ID is a unique service with a structured and scalable concept.

The V-ID platform will continue to grow Over the next 3 years, V-ID will turn into a market leader in the crypto world in fraud file protection, as well as SSL for secure and environmentally friendly internet connections. V-ID Utility Token offer concrete added value in identifying the issuing organization, store digital fingerprints in a smart contract and payment processing to validate.

Ambitions

“What was the standard mode of operation before V-ID?” Just like it is now difficult to imagine what the world was like prior to the internet, we believe VID will become an accepted and widely used element of modern digital society.

V-ID will be used by any organization that wants to fraud-protect its digital files in a fail-safe way. Comparable to how certified SSL connections are currently used for websites.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 solution

V-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.

Verification

The recipient of the file can verify the authenticity and content of the file by entering it into the verification terminal at https://www.v-id.org. Once the file is verified, V-ID generates a report of the verification.

An OIC (Origin Information Certificate) is offered in PDF format.This certificate contains all the details about the issuing party, the file itself and all blockchain data such as timestamp and proof of existence.

V-ID Token Sale

The public Token Sale Event planned to commence of Sep 15th, 2018, is characterized by the following:

Pre Sale start date: 15 Sep 2018
Public start date: 15 Oct 2018
Token Sale end date 15 Dec 2018
Max VIDT tokens 100M
VIDT token price $ 0.20
Soft cap: $ 1M
Hard cap: $ 8M

V-ID Token Distribution

100 million (100,000,000) V-ID Tokens will be distributed according to the schedule below.

ROADMAP

Q1 2017 Run the V-ID.
Q2 2017 Working prototype V-ID terminal.
Q3 2017 Custom tests
Q4 2017 The first real users of V-ID.
Q1 2018 Running V-ID.org
Q2 2018 Launch a V-ID token for early users in different sectors. From 3 to 6 organizations that use V-ID for document verification. Private sale.
Q3 2018 Pre-sales. Partnership with the stock exchanges.
Q4 2018 Public sale. Advertising campaigns of 10 organizations using V-ID to check documents online advertising campaign (exchanges, news sites, magazines, social media).
Q1 2019 V-ID application; the first public exchanges.
Q2 2019 API; launching a wallet; exchange on larger exchanges.
Q3 2019 API live white label widgets live B2C Validation.
Q4 2019 Over 30 customers; 200,000 documents per year; international brand recognition.