V-ID: The Blockchain will Assign Each Document a "Fingerprint"

in #v-id • 6 years ago

More and more companies and government organizations are switching to digital documents circulation: e-cards, licenses, money, diplomas... Despite all the advantages, digital documents have a drawback - materials are easy to copy, fake, steal, and use illegally. Can the blockchain offer a platform that will protect documents from unauthorized access?

V-ID project developers offer to confirm the validity of each document by scanning a fingerprint. For example, the user prepares a financial report in PDF, uploads the file to the V-ID platform, and sends it to the chief, who can verify the accuracy of the document. If someone tries to change the data in the report, the creator of the PDF will be notified; the owner needs to scan a fingerprint to save the edits.

How Does the V-ID Ecosystem Work?;
Validation of the document is accompanied by a V-ID token transaction, so third-party users will not be able to make changes. V-ID protects financial documentation, research texts, artworks, and corporate files. In the long term, the identification of documents will protect the servers from being overloaded with unnecessary copies of documents; the creation of unique content will be encouraged in the network. Developers offer three methods for validating documents.

1. Remote. Remote validation of documents relevant for large companies. The owners of the original files send materials to the V-ID base using an encrypted connection. The system confirms the validity of files, protecting them from unauthorized copying.
2. On-site. Validation of documents on the spot, the solution will be convenient for small organizations and individuals. Documents are sent to the system, V-ID employees confirm their validity and protect each one by the fingerprint.
3. On-site validation under notary supervision. Confirmation of the validity of statutory documents, financial statements, and other legally important documents. Validation of documents is carried out in the presence of a notary, certifying the accuracy of each document.
4. Self validation. The account owner in the V-ID system spends tokens to verify the validity of the documents he needs at any time. This method is suitable for individuals who load personal papers into the database.

The target audience of the V-ID project is the government sector, medical institutions, financial departments of large corporations, law offices, and law enforcement agencies. The developers emphasize the flexibility of the platform, which is able to adapt to a constantly changing market.

Crowdsale of the V-ID Project
The creators of the platform released 100 million VIDT tokens according to the ERC-20 standard, ICO runs from September 15 to December 15, 2018. The cost of the token is 20 cents, the developers plan to collect from 1 to 8 million dollars.

Half of the issued VIDTs will be implemented during the ICO, 25% will circulate on the platform, 12% will be realized during the Private Sale, 8% invested in Bounty and Airdrop, the remaining 5% will go to the project team and advisors of the project. The collected funds will be spent on marketing and development of the company (60%), operating expenses (25%), and transferred to the team and consultants (15%).

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6 years ago in #v-id by
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