The IAME Identification Network is a decentralized system built for the Blockchain ecosystem.
A decentralized identification system that allows parties to communicate with others, on a basic level, identity each other without having to disclose unimportant privacy information that can not be used for transactions. Identification will be done by many independent third-party validators, information from shared information fragments will become full, only the owner of the data of personal information can be used to store data in a healthy and not displayed way. The results of the process will be hashed into a suitable blockchain that can be accessed in public repositories such as status status displays and cryptocurrencies associated with the applicable blockchain addresses consulted, without compromising user user data.
The system used by parties in a Blockchain transaction to prove an identity that is in no way to provide non-critical personal information to other parties involved in the transaction. The system achieves this by splitting information into pieces of unusable data which are then sent to third-party validators verifying the authenticity of each of these fragments.
The sum of these fragmented verifications is a complete check. Only the original data owner of the information will have access to this data holistically and efficiently.
IAME WALLET IN DOWNLOAD USING ANDROID AVAILABLE ON PLAY STORE
The IAME app allows users to attach their identities to their cryptocurrency addresses, whose addresses are identified to be the first step towards mainstream integration. Any documentation that will be uploaded in the IAME app will never leave the wallet in its entirety, but as an encrypted fragment that will be validated by the IAME Identification Network. With IAME, falling identity data breaches will be a thing of the past.
HOW TO TECHNOLOGY IAME
How can identification work with the IAME system?
Since we announced our project to develop a decentralized decentralized identification system, there is a lot of interest about what that technology is. We have asked questions about how technology works and see all the parties involved in the transaction. We are pleased to announce that we built two prototypes - one for identification and one for validation. You can personally involve them and see how they work by visiting a prototype identification and validation prototype.
The mapping process itself is quite simplistic and can be categorized as follows:
Building on the previous identification process, the same mapping functions can be achieved without the party disclosing any non-relevant data to a counterparty - by delegating the mapping functions to unrelated third-party Validators. The statement, supporting evidence and functions, would first have to be fragmented in such a way that third-party validators would be confirming fragments of data that, on their own, cannot be used by any malicious third party. However, together, the sum of confirmations would constitute a complete identification process.
The proposed IAME Identification Network would have a core that consists of
Each component would carry out specific functions that can be demonstrated in 2 processes - a validation process, and an identification process.
Decentralised fragmented is the method that IAME’s system leverages to reinvent the entire blockchain identification process. With DFI, the data shared in these transactions is rendered worthless, given that it is first fragmented and then distributed among a series of independent third-parties – we discuss the validation aspect of our system in our next blog titled, “Validation with the IAME prototype”. These third-parties are not affiliated with any parties operating as members of the transaction.
For now, it’s worth mentioning that this network of third-party validators is assigned the task of confirming and verifying the validity of each of these fractured pieces of personal data, which by themselves are useless to malicious parties. The compilation of these fragments would constitute a valid identification to the transactional counterparty, thereby verifying the identity of initiating party.
If you would like to know more, please visit our Website and read our White Paper. Any feedback, comments, or questions can be asked directly to our team by visiting our Telegram Channel. For updates on IAME, you can follow us on Linkedin, Facebook or Twitter. Stay tuned to our blog series, for more of the latest news in the crypto and blockchain realms.
THE IAM TOKEN
To operate the IAME Identification Network, a functional token will be issued, known as the IAM Token, which would operate as a validation token to initiate confirmation requests for validation packets on the IAME Identification Network. Parties would spend the token through the IAME Identification Network client and after deduction of equivalent blockchain hashing costs, the balance of IAM token would be paid out as reward to third-party validators who operate the validation processes on a for-profit basis.
This would attribute not a store of value to the token but a market value based on natural demand and supply for identification processes. The value of the IAM Token would be, in essence, determined by 2 factors:
REWARD AND RANKING MECHANISM
As a continuation to the Trial Algorithm, there is a need for a reward and a ranking mechanism in such a way that good third-party validators are rewarded and bad third-party validators penalized. For this mechanism, two reward systems are proposed: a token reward system and a node ranking system.
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Bitcointalk Trhead : https://bitcointalk.org/index.php?topic=3218491.0
Facebook : https://www.facebook.com/IAMEidentity
Twitter : https://twitter.com/@iameidentity
Video : https://vimeo.com/iameidentity
Medium : https://medium.com/@IAMEIdentity
Website : https://iame.io/
Telegram : https://t.me/IAME_identity
Whitepaper : https://iame.io/res/180301-IAME-White-Paper-en.pdf
Dribbble : https://dribbble.com/IAMEIdentity
Github : https://github.com/iameidentity
By : Jrengkong
Username Bitcointalk : Jrengkon
Bitcointalk URL : https://bitcointalk.org/index.php?action=profile;u=1292279
MEW : 0xD04367465c4081019C1337c93bfE54C8fd527747
