Velix.ID aims to solve following problems:
In the identity verification sphere by implementing a decentralized ecosystem for verification, which provides users and enterprises with certain advantages. Such a platform is optimized for use, it is decentralized, transparent, secure, non-identified and universal.
Velix is a platform that will protect and store your personal data in blockchain, and interact with smart contracts. You can ask why I need to store my data in some kind of detachment, I've always lived up to it before. And the fact is that right now in the age of information technology, personal data is an asset that can be converted into fiat or crypto currency funds.
Mostly everybody have accounts in social networks, e-mail services and in various sites. Because of these data that we leave on websites and social networks, we can be deceived. Let's see how frauds do it, suppose these services, where you left your data, sells this data to some giant company, for ex Amazon, they sell this data of the next campaign, next another campaign and so on in a circle, but how likely is that they will not sell this data to some scammers, because they do not care who buys, they care how much we earn on this, because the main thing is to increase the profit of the campaign - it was one of the examples. Let's look at the second example, suppose you shopping in various online stores, left your data for storage in a centralized system, but they were somehow hacked, "it's so rare happens," then these data are sold on the black market, taken in your names loans, pass with your data various KYC checks, etc.
Why Velix? Using this platform, users can significantly limit the number of people who will have access to personal data. But don’t think that this service will be able to collect your personal data that you already left on the Internet, but it will help to save other data that hasn’t yet been received.
The Velix.ID system will have different levels of personal identification information or PII. For example, the amount of PII that you must disclose to order a pizza is not the same amount of PII that you need to disclose when you claim your employee's pension.
Level 0: For food delivery, online registration, restaurant reservations, visitor access, redemption of loyalty points, etc.
Level 1: For the issuance of e-commerce, booking flights, registration in the bar and nightclub, rentals, P2P transactions, hotel reservations, etc.
Level 2: For check-in at the hotel, check-in at the airport, KYC for merchant accounts, KYC for ICO, utility bills and students.
Level 3: Information on employees, access to offices and property, insurance and medical claims, medical documents, visas for travel, applications for loans and mortgages, applications for bank account and much more.
One of an iteresting project’s feature is that, you can allocate a custom plastic card. The trick is that most projects use tokens to accumulate tokens (cashback, etc.), and here the platform issues a card as a portable key with personal client data encryptions. For these purposes, will be created terminals, which such cards will read and send information to the addressee.
Velix.ID decided to implement its own local tokens for rapid automatic settlements as part of its smart contract. VLX tokens can also be easily used in all jurisdictions. In addition, they are protected from the volatility of other tokens.
Velix.ID or VLX tokens are supplied with a fixed stock of 100 million. The transaction of the confirmed identity occurs using verification dies or VS, in the Velix.ID ecosystem and 1 VS = 0.1 VLX, which is 10,000 VEL.
The VLX cost is US $ 1.
The presale began on January 27, 2018. Of the total number of tokens, 50% are distributed at the time of sale. The remaining tokens are distributed by the team (16%), the community and the bounty (4%) and the reserve fund (30%).
Velix plans to implement physical hardware technologies to complement this system
Velix.ID Card: This card will be the unique identification card issued by Velix.ID for its users. The card will contain all user information in an encrypted format along with the user's unique Velix.ID number. The card can be divided by the user with any organization that accepts Velix.ID for verification - for example, hotel check-in counters and airport terminals.
Velix.ID Reader: Velix.ID Reader is a device with near field support (NFC), which can be installed in any place where input restrictions are required. The device can be used to grant access to the area after someone scans their Velix.ID card.
Velix.ID SDK: The Velix.ID software development kit will allow third-party vendors to implement the Velix.ID verification system in their existing platform. Velix.ID can be installed on any device with NFC support - for example, on a smartphone.
