Lynked.World: A Blockchain Based Digital Identity Verification Platform

gunpowder1 (26)in #cryptocurrency • 6 years ago (edited)

Introduction

Lynked.World is a safe, square chain-based stage for people, associations, and associations to claim, control, and offer confided in advanced personalities, information, and reports. Lynked.World tends to the real difficulties confronting people and associations in the present computerized world.

1.No safe, dependable, and ensured character from every person and gathering

2.There is no broad preface for information trust and unwavering quality in different utilize cases.

3.Wastefulness and cost increments since mediators partake all the while

4.Dangerous nature of advanced characters and related information keeps computerized stages from giving access to different sorts of administrations.

The goal is o overcome obstacles in digital Identities,information and reports with the assistance of a blockchain based application advancement platform.Their vision is to guarantee that dependability of our computerized characters, information and records is changed from a question mark to a veritable resource, utilizing blockchain innovation. They expect to give a completely useful biological system, with arrangements for growing simple to utilize configurable
shapes, and totally new applications deployable by any association on require basis — providing
pertinent and customized administrations for shoppers concentrating on a plenty of situations from day by day life.
Thus, this would uncover numerous new explorable roads for administrations that can be advertised
utilizing their stage. "Trust" is currently a trustworthy companion on our side, the veracity of our computerized persona
being natural and installed in our advertising.
Taking care of Real Life Problems in the current Digital Era diagram
Lynked.World is a blockchain based secure stage for people and foundations to possess, control and offer carefully confided in personality, information and documents. Lynked.World takes care of basic issues looked by people and associations in the present computerized world.

What is special?

It is seen that Lynked.World has a clear goals which are defined well where the path to archive that goal is also defined. Its ecosystem comprises of everything that a global identity network should contain. They have clearly stated the necessity of blockchain in order to this project to be successful. Millions of fast data transactions can't be done on a regular network. Therefore, blockchain is the ideal platform for their ecosystem to rest on.

Lynked.World Ecosystem

How it works?
The use cases defined apparently address all the requirements in the identity network.Use cases are as follows,
1.Identity Verification

Documents/Data Verification
3.Easy Employment/ Academic Background Verification

It is known many fraudulent digital identities are created today. Therefore the lack of trust is high. Lynked.Word has clearly stated how to eliminate the reasons that cause lack of trust . Verification platforms allows a user to create a profile and add his identity data such as identification records, educational certificates, professional history etc.Using peer to peer verification process those data are verified.The Lynked.World biological community is a multifaceted arrangement comprising of whole stage applications created starting from the earliest stage to exploit the mechanical highlights blockchain. Our stage depends on a blockchain ethernet and comprises of modules of different capacities that tackle genuine issues around the legitimacy and validness of computerized IDs, reports and information, both for shoppers and organizations.

Digital Wallet

Utilizing Digital Wallet, electronic duplicates of the majority of your own recognizable proof and other reports e.g. Visa, Driver's License, Medicinal records, Travel Passes and so forth can be safely put away in your cell phone and can be imparted to different gatherings utilizing QR codes data. These documents can be securely verified on blockchain. In
addition to that issuance of verification of those documents on authentication in an easy manner is also a key feature that can be seen.
Key features of the wallet,
a)Secure storage of digital documents on mobile devices

b)Control of your own data – Share only what is explicitly

c)authorized by you on request from others.

d)Send documents to competent authorities forverification and endorsement, on the blockchain,wherever applicable

e)Enabling authorities to issue digitally signed documentsto user wallets

f)Share documents with ease using QR codes
(whitepaper,page 12)

Token Information

The Lynked.World biological system plans to develop as a nearly sew network of advanced profiles based on the blockchain stage, with validated personalities and information encouraging the unwavering quality on profiles, substance, accreditations and information partook in the stage, and thus open roads for different sorts of administrations and utilities being offered over the stage. The stage additionally respects the world outside the Lynked.World condition, by being available for outsider applications to be facilitated on it, getting a charge out of the advantages of the special blend of information stockpiling and information approval, as offered by the stage. All cooperations on the Lynked.World stage are seen as far as administrations either being given by one substance to another or administrations being benefited of by one element from another.

The "LYNK" token is an ERC-20 standard token based on the Ethereum stage. It is partially distinguishable, transferable and fungible. LYNK tokens will likewise be tradeable on digital money trades at the appointed time of time.

"LYNK" tokens will be utilized for exchange of "significant worth" for any administrations offered and benefited of over the Lynked.World application stage. They go about as the medium of remuneration for the exchange of "significant worth" between the members in the biological community for performing different exchanges, for instance, identified with the ID and approval of client information et cetera. The token adjusts and exchanges will be followed by Lynked.World