EverID - decentralized recognition platform

EverID - decentralized recognition platform | Ecency

At any time throughout the execution of any business dealing that raises the difficulty of identification. And it's not forever doable to verify the data provided by one or the opposite.

And nowadays this drawback remains the subject. Therefore, the market presence of innovative block technology, permitting you to quickly and transparently receive data a couple of person from anyplace, solves several issues like a shot.

EverID is Associate in Nursing innovative project that integrates block technologies on its platform. All users can have one encrypted code. distinguishing someone through this information permits you to remain within the EverID system, procure the verification services, and execute the dealing.

Project design

EverID Network

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EverID may be a user-centric, self-sovereign identity and worth transfer answer supported blockchain technology and therefore the cryptanalytic underpinnings of that system. The core focus of the EverID operational company is to make economic and social worth. establishments, firms, and government organizations will effectively, cheaply and quickly validate user identity, at scale. worth will then be transferred firmly, to the proper recipient, with reduced dealing prices, lower losses from discharge, moreover as innovations in commission and worth transfer. EverID facilitates verification of users by multiple third-parties and permits the secure transfer of import between members of the system.

Authorization by identity

EverID may be a device-free, universal platform for identity and worth sharing that allows everybody to prove their identity, store worth, and transfer cash. It uses the biometric identity and carved in the stone ledger that allows the seamless exchange of values between governments, banks, NGOs, insurance firms, hospitals, and different organizations. It reduces fraud and leaks. It makes the verification of identity on a scale cheaper than ever.

Users get social and economic edges from their digital identity. No device is needed to access these edges. Associate in nursing inclusive and secure identity means that a seamless transfer of import and access to world business services like banking, credit, and insurance.

Occasional uses of ID

✅Bank transfer

100% validation of cash sent to biometrically verified users.

✅Money Transfer

an easy, economical method for banks to supply cash transfer services. Manage documents hosted within the cloud or device, chase treatment for all.

✅Microfinance

A complete answer to lend cash to billions of individuals and SMEs. Manage documents hosted within the cloud or device, chase treatment for all.

✅ID verification

Manage documents hosted within the cloud or device, chase treatment for all. Collect documents, sign biometry to serve billions of users with or while not devices.

✅Banking services

without verifiable identities, people cannot access banking services to get worth or credit, that impedes economic development.

The ID token

IDs square measure a utility token that gives access to the EverID network and its applications and services. The 800 million ID tokens issued square measure purchased by banks, governments, NGOs, giant organizations, and users (e.g., transfer referrers) United Nations agency wish to access the EverID network. Establishment’s square measure granted completely different access to the platform, betting on the number of tokens they hold, whereas users don't want IDs to get worth.

A device-free digital identity would alter nearly five billion folks to become a part of the worldwide economy, thereby facilitating external investment in rising markets. Universal and inclusive identity is the catalyst for trillions of dollars’ price of transactions, worth transfers, and biometric authentication prices.

A verifiable digital identity can permit rising markets to grow to a $ forty + trillion likelihood.