ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
So did I and during my research I found the project in which I really put my faith: TrigID. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.
TrigID is the first and only Internet-based way to show that a real-world human is who they say they are. It enforces "one person, one identity" and you can verify that real-world identity with real-world identifiers like driver's license numbers, SSN's, addresses, phone numbers... All without giving anyone those identifiers. TrigID is a revolutionary, patent-pending "zero knowledge" validator of identity information inspired by geometric triangulation and its entire stucture is baked into public blockchain so it can't be hacked or faked.
TrigID is the number one and simplest Internet-primarily based absolutely totally way to show that a actual-global human is who they're announcing they will be. It enforces "one person, one identification" and you may affirm that actual-global identification with real-international identifiers like the use of pressure's license numbers, SSN's, addresses, cellphone numbers... All besides giving all and sundry those identifiers.
TrigID is a modern-day, patent-pending "zero facts" validator of identity information inspired with the beneficial useful useful resource of geometric triangulation and its whole stucture is baked into public blockchain so it cannot be hacked or faked.
TrigID AND BLOCKCHAIN TECHNOLOGY
TrigID will initially be implemented over the Ethereum blockchain. Ethereum is powerful, proven and popular but there are concerns about its scalability and its overly-centralised governance.
The TrigID project has been built to be blockchain-agnostic and easy-to-migrate. This means there's no need for it to confine its records to a single distributed ledger. EOS, NEO, Cardano, Dfinity, IOTA are all potentially suited and there are many other public distributed ledgers in the pipeline. One or more of these can be a suitable new home for TrigID Mash data should the need arise. A blockchain Smart Contract is a powerful piece of software, but there are limits to its reach. If it needs data, that data has to be already in the blockchain machine and available to the Smart Contract in a form that it can use. If the contract needs to check an identity, for example, it has to rely on an external application to observe that need, go fetch the identity information and then feed it back to the contract. That external application is referred to as an "oracle".
There is no broadly useful oracle for identity. If there were, a whole new world of automated, immediate, incorruptible and cheap-to-transact commerce would be possible. Automated bank account creation and border protection. Automated transfer of everything from cars to houses. Automated payment of social security entitlements and insurance claims.
A populated TrigID Identity Graph makes such an oracle possible. What's more, since TrigID gets its data from the blockchain, it's possible for the identity oracle to be trustless and decentralized. All that's needed is the software to make it run. Our development partner FactNexus Pty Ltd has undertaken to open-source a TrigID-focussed version of its GraphBase DBMS for this purpose.
How TrigID Work?
TrigID uses a novel scheme, inspired by geometric triangulation. It takes common identifiers, encrypts them, then reduces their information content to 20 or fewer bits. This “mashing algorithm” makes what we call “Identity Vectors” that are really just arcs in a giant identity graph. These arcs are no use by themselves. That’s why they can encoded into a public blockchain. One 20-bit Mash, for example, can represent more than 2000 possible tokens from identifiers of any type. That’s from the US alone, and it’s before third parties start adding things like medical record ID’s, tax file numbers.
FEATURES OF THE PLATFORM
STRONG PROOF OF IDENTITY
Creating a few personal passphrases is a great way to allow a service locate you in their database, but it doesn't prevent people pretending to be you. A sophisticated bad actor can read the Mashes from blockchain and then give something that generates a collision. To prevent impersonation, you need to register a public key with the TrigID Identity Graph.
If a service wants to prove you're you, there are a few steps they need to take behind the scenes. They need to create a message, encrypt it with your public key, then get you to decrypt it with your passphrase (or private key).
If you don't trust the service with your phrase or private key even for the few milliseconds it takes to decrypt the message (and you shouldn't, unless it's an emergency) you can use a trusted key intermediary service or use an app that will decrypt the message and send it back to the service. The TrigID Personal app can do this for you.
ENSURING DATA INTEGRITY
The Curated ID Bounty Program provides a powerful incentive to load identities and their attributes. Those same bounties, however, are an incentive to load fake identities and attributes or attributes without sufficient notability.
This is one of the key reasons for giving an ID token a value and requiring that the ID be spent to deliver data. Most fraudulent submissions will be detectable using graph analysis techniques. Get caught and your bounties and your valuable submitted ID tokens will be forfeited.
IDENTITY SERVICES INCLUDE
Automated Anonymous Know-Your-Customer (KYC)
Crime & Terrorism Prevention
Anti-Money-Laundering (AML)
Data integration and health record sharing
Patient and health-record identification
Safer Peer-to-Peer Commerce
Identity for Everyone
Financial Inclusion
Fraud-proof electronic voting
Safe National Identification
Decentralized Social Networks
Universal Data De-identification
WHY YOU CHOOSE TrigID
The biggest difference between TrigID and any other digital identity technology – blockchain-based or otherwise - is that TrigID lets Personally Identifiable Information (PII) be safely stored and used in public. That PII can be publicly audited and validated, and it points to one, and only one, identity for every human. Putting it in public blockchain means that It can't be tampered with, it must be maintained by consensus and that it can be used by everyone. No other digital identity technology – blockchain-based or otherwise – can make these claims.
TOKEN AND ICO DETAILS
ID tokens are a first-class TrigID crypto-infrastructure component. Each token can carry a set of "arcs" or "edges" – lines that connects facts in the Global TrigID blockchain database.
Think of these as the transactions in a database transaction log. When you transfer them, the ID transaction becomes part of the TrigID database. When someone wants to use the data, they parse the blockchain and assemble the TrigID graph the same way that a conventional database is assembled from a transaction log backup.
Sure, ID tokens carry value – but the value assigned to them provides economic incentive to build the global identity database. Holders who "spend" their tokens by putting arc data into them are rewarded with more ID tokens. This way the creation of the global identity graph can be crowdsourced.
You can get Whitelisted here: https://trigid.org/#
Discuss token valuation at https://forum.trigid.org/t/tokenomics
Token's initial value to be USD $1.00.
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
TrigID is a revolutionary new cryptographic technology that preserves your anonymity and privacy, but allows anyone to test the attributes that define your identity. Be a part of this tremendous project and follow these links for more information;
Website: https://trigid.org
Whitepaper: https://objects.trigid.org/whitepaper/Whitepaper_EN_1_3.pdf
ANN: https://bitcointalk.org/index.php?topic=4425004
One-pager: https://objects.trigid.org/lightpaper/One-pager_EN_1_0.pdf
Instagram: https://www.instagram.com/trigid_project/?hl=en
Facebook: https://www.facebook.com/trigIDorg/
Twitter: https://twitter.com/TrigIDorg
Telegram: https://t.me/TrigID
YouTube: https://www.youtube.com/channel/UCHiqtdkaRdXOYLwS9qpfK9g
LinkedIn: https://www.linkedin.com/company/trigid/
Reddit: https://www.reddit.com/user/trigID_org
Bounty: https://bitcointalk.org/index.php?topic=4575756.0
Author
nugezmils
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