Introduction:
All excessively habitually the counterparties/nodes do share the data to some extent or wholly with third parties, which in turn extends the initial star network, therefore escalating the number of points of defenselessness in the past network. Hi-tech modernization in encryption more often than not work with regards to securing the diffusion of data flanked by two or more nodes in a network, conversely they do not deal with the concern of an amplify in the number of nodes in a sagacious data network. As the number of electronic dealings, a person conducts increases in frequency; the number of nodes in their personal data network afterward increases exponentially, accordingly increasing the number of points of susceptibility.
Fragmenting the Identification Process:
Edifice on the preceding detection progression, the equivalent mapping functions can be achieved lacking the party disclosing any non-relevant data to counterparty - by delegating the mapping functions to discrete third-party Valuators’. The declaration, sustaining substantiation and functions, would first have to be disjointed in such a way that third-party valuators’ would be confirming wreckage of data that, on their own, cannot be used by any nasty third party. Nevertheless, collectively, the sum of confirmations would make up a complete discovery process
The IAME Identification Network:
The proposed IAME Identification Network would have a core that consists of the following items;
ü A client,
ü An allocation server,
ü A validation server,
ü A writeable blockchain,
An identity server, apiece module would bear out unambiguous functions that can be established in 2 processes - a corroboration process, and an identification process.
The legalization process would be the maneuver through which the patron would have her/his date validated by third-party valuators. The process is as shown below:
Ø Upon request, statements and their corresponding supporting information would be fragmented at the client level and encrypted into validation packets to be sent to the allocation server.
Ø The allocation server would control the random allocation of validation packets to third-party valuators, who would return the result of their validations to the validation server.
Ø Once the above is completed, the validation server would evaluate the validations from the third-party valuators’, and hash numeric or Boolean confirmations paired to specific statements on a designated writeable blockchain.
Reward and Ranking Mechanism:
As a continuance to the audition Algorithm, there is a requirement for remuneration and a grading apparatus in such a system that good quality third-party valuators are rewarded and dreadful third-party valuators’ penalized.
For this mechanism, two reward systems are proposed;
A token reward system
Node ranking system.
v The slip reward system allocates a pool of IAM Tokens to the third-party valuators for completing the scrappy validation process akin to mining.
v The ranking system attributes an internal ranking system to third-party valuators’ within the IAME Identification Network, such that higher ranked valuators receive a higher proportion of the tokens, which is indicative of their ranks.
Due to the submission of a double unsighted practice, the third-party valuators’ would not be at any time aware of whether they are in a Tribunal, an Appeal, or a Control Tribunal – moreover, plummeting any jeopardy of gaming the system. Third-party validation would be open to the public and, in the long-run, inadequately ranked third-party valuators would be forbidden from performing as nodes.
Conclusion:
Making use of the projected IAME credentials Network lay out in this platform, we hunt to determine the dilemma parties face in blockchain transactions by making sure to spot themselves with a whole host of counterparties, whereas both preserving the obscurity of the transacting party, and gratifying the need for counterparties to conduct a certain level due diligence on clients.
FOR Further Information Visit
Official Website: https://iame.io/
Whitepaper: https://iame.io/res/180301-IAME-White-Paper-en.pdf
Official Facebook Page: https://facebook.com/IAMEidentity
Twitter Page: https://twitter.com/@iameidentity
Official Telegram: https://t.me/IAME_identity
Authorized by
Luckyji