ICO Introduction
Biometrids ICO - one of the projects, changing the future for the better. The unmistakable identification of an individual is his main goal. The global problem of cybersecurity, manifested in forgery of documents and other methods of deception in the identification of a person, is reflected in all spheres of activity: whether it is a state structure or the need to confirm the true owner of a bank card.
The platform began its development in 2016 and will continue its development through 2021 inclusive. To date, Biometrids ICO has a subscriber database of about 3,000 people who regularly monitor updates and news. In social networks and on a specially created forum, anyone can receive an answer to the interesting moment in the system from the creator of the project Morten Nielsen and other team members.
More on Biometrids ICO, watch video below:
What problems does Biometrids ICO solve?
Due to the fact that standard identification systems are unreliable, a problem arose: how to quickly identify a person and distinguish him from a burglar, rogue or hacker. The reason for this phenomenon is the centralization of the management of all platforms. Account data on social networks and information about the owner of a bank card are not sufficiently protected. This is evidenced by the sad statistics of a large number of fraudulent attacks on the Internet store Ebay, Google's search platform, in the government organization YSK and many others.
By using the API connected to the Biometrids platform, any service can adopt our ID protocol into their system, and force people to use the Biometrids ID to improve the security of knowing the their customers are transacting with genuine people.
The advancement in technology has brought about smartphones with facial recognition via a built-in camera. Using the facial recognition capabilities of smart devices, each individual will be facially recognized on the blockchain. Biometrids is striving at creating a “One Face, One ID” phenomenon. All it takes is only a single recognition and there will not be a means to manipulate identities on the Blockchain. With this in place, there is an expected drastic reduction in identity theft.
With Biometrid's platform, it is possible to achieve the following:
Car Rentals
A data leak at the CarWise ICT software company occurred on August 7, 2017. It is estimated that at least this data theft case includes 100 thousand data. The leak was found in LeaseWise software, which was used by 52 Dutch car rental companies. These companies share databases, but are eventually accessible to others for leakage. Leaked data includes customer addresses, rental contracts and the number of kilometers traveled per car.
Never would car rentals be scared of giving out cars to client ever again. Biometrids allow the swift verification of customers for car rental service. This will allow for the checking of the past records of customers to determine the probability of getting the rented car back. All the rental service need with Biometrids is to scan the customers face to ascertain identity and records, then request for all the needed documents. When this is utilized with Slock.it locking solutions, there will be a fundamental change in car rental industry.
How ot Works
Biometrids use a very smart facial recognition technology almost like articfical intelligent. Although your face changes like there are stains on your face or hair that changes and wounds, but the contours of your face will remain the same. For example if the company or provider needs to identify your face then they can send a request for your biometrids wallet. The next request will appear on your screen and you can simply scan your face. We are building a platform that can be implemented by other blockchain projects. This could be a wallet, a bank, a company, a rent car, a real estate partner, and more. If wallet developers want to use this system, they just apply the API; After that, you can use your face to get into your wallet and you will be able to pay it directly.
Identification and Solution
The theft that occurred above is possible because the verification of log identification is less efficient so that it can be hacked by the offender. Data theft as mentioned above will not happen with intelligent identity verification like biometrids. In addition, if the data theft has occurred then the cost incurred will be greater than the cost of treatment as usual.
A Safer and Secure Cryptosphere
With the increasing number of ICOs on a daily basis. There is a need to put in place a mechanism that will serve in cross-referencing of identities of the participant. This will actually bring about a responsible and interactive coin offering as being proposed by Vitalik Buterin and Jason Teutsch. With Biometrids in place, there will be a decrease in the creation of a shadow economy that is growing in value and worth. The team and the advisors of an ICO will have to identify themselves and be held responsible in the event the ICO fails.
Identity fraud in numbers
The spate of identity theft globally has reached an epidemic level. There is a need to adopt an out of the box approach such as Biometrids in providing a lasting solution to this cankerworm. Between 2015 and 2016, there has been an increase in identity frauds both in monetary value and number of victims. In 2015, 13.1 million were victims of identify fraud, this figure grew to 15.4 million Americans. This translate to an increase in value from $15.3 Billion to $16 Billion. In 2016, a record of 421 billion data records was stolen. This is equivalent to 35 data records stolen every second.
The spate of identity theft globally has reached an epidemic level. There is a need to adopt an out of the box approach such as Biometrids in providing a lasting solution to this cankerworm. Between 2015 and 2016, there has been an increase in identity frauds both in monetary value and number of victims. In 2015, 13.1 million were victims of identify fraud, this figure grew to 15.4 million Americans. This translate to an increase in value from $15.3 Billion to $16 Billion.
UK identity fraud
Investors will have the opportunity to get a share of all of these transactions that will be going through the Biometrids Platform. Investors can run their own node on the chain, with only 10.000IDS.
When the system will be fully implemented around the world we would have upwards 100.000.000 transactions everyday with a cost of 10–40cents and a pay out of 90% for investors holding nodes.
In our PRE-ICO we offer 1330IDS for the price of 1 ether and in ICO the price will range from 600–1000IDS for 1 ether.
Help us build the future of identification and join our journey today!
Apis and System
The Biometrids platform is expected to benefit other Blockchain and Cryptocurrency projects.
Aside from this, the financial sector, postal, wallets, and public sector will also benefit from the Biometrids project. A wallet developer will have to integrate the Biometrids API with their wallet and this will override the login process. This will translate to facial recognition login to wallets.
Ongoing branding and increasing awareness of Biometrids to develop an onboarding process for businesses. Further development of the product with continued bug fixing, new initiatives, and improvements to the user experience.
Token Sale
Biometrids token will be known and called IDS.
There is going to be a total of 100,000,000 in existence and will be offered as follow:
Pre-ICO: 5%
Bounties and Advisors: 5%
Crowdsale: 70%
Team allocation: 10%
Foundation: 10%
The Pre-ICO of IDS will run for just a week a price of 1ETH/1330IDS, while the crowdsale will run for 4 weeks with the following prices:
Week 1: 1000 IDS/1eth
Week 2: 850 IDS/1eth
Week 3: 700 IDS/1eth
Week 4: 600 IDS/1eth
Pre-Ico and crowdsale will run until end date, or until all coins are sold.
The allocated 10% of the team and the 10% for the foundation will be locked up for three years.
Every unsold coin during the ICO will be locked for five years. After five years, they will be sold back to early investors in a private fundraising campaign. They will not be sold on exchanges. You can participate here: https://biometrids.io/
Core Team
Advisors
