iTrue ICO Project - Blockchain-based biometric solution for authentication

iyus (8)in #bitcoin • 6 years ago

Dear reader, Just as my usual practice of bringing valuable and profitable information across your way, let me quickly give you information about this great innovation known as “ITRUE”. Please sit down and relax your nerves as you read. Also, I encourage you not only to read, but also to take an important step as part of this great innovation.

iTrue is a Blockchain-based solution with a built-in microcontroller authentication system that targets businesses and developers to create secure, scalable, and expandable applications.

Problem Area on iTrue's Target
Considering the increase in start-up companies offering online financial products and innovative digital services, there is growing demand for secure, efficient authentication systems. Biometric technologies, however, do not, by themselves, guarantee a secure authentication. User data may be easily seized or misused because of inappropriate use. Users may be worried about how they use data from businesses for this reason; Because fusions and online services can collect, use or sell personal data for their own earnings.

As a matter of fact, 49% of those operating in the US are concerned about the seizure of biometric data, while 35% are uneasy about the bank's access to this information. On the other hand, "face recognition" operations are legal in Russia and in neighboring countries within the scope of surveillance activities, but the security of the system is also considered as a threat of great confidentiality, especially in danger. Face recognition in Shanghai and Beijing in China is not only used by state security and surveillance, but also by private companies. Example: Fintech provider ANT Financial uses biometric scanning even in public areas such as the subway.

Solution "iTrue"
The combination of Blockchain and biometric technologies will enable businesses to improve their authentication through biometrics and eventually create and market their own applications in the iTrue platform and ecosystem. Reducing transaction conflicts through biometric authentication will help to improve user experience and also to improve platform security.

With iTrue, users will have complete control over their confidential personal data and will provide secure and uninterrupted access to biometric authentication, digital assets, and even physical facilities such as a car or home. With the Blockchain infrastructure, users and businesses will ensure that their records are on a secure infrastructure to protect against data theft or misuse.

iTrue Token Ekosistemi
iTrue's service-based platform enables applications to integrate authentication regardless of passwords, gadgets, and plastic cards. The platform will sell user data. Rather, it will enable users, customers, and developers to share and use data on the platform.

Developers will be able to create applications that benefit from micro services such as authentication. Users will be informed of each request for their data and will be rewarded with iTrue tokens when they participate in data sharing activities.

By combining biometric identification and blocks, iTrue increases the confidentiality of any process that users create. iTrue Limited will develop an exceptional platform for an innovative approach to how companies create decentralized applications. The iTrue solution will be implemented as a blocking service with the built-in biometric data verification system. The decentralized platform will support user authentication for developers and businesses, the creation of new chain networks, and the ability to receive awards for users after an honest data exchange.

Jack Cheng, CEO of iTrue, said that the number of new companies offering online advanced services, such as digital financial products, has increased rapidly due to reliable systems and demand for efficient authentication. iTrue's main development team has created a comprehensive solution that addresses the gaps in how these companies use their customers' data. Combining biometric, block and sophisticated database technologies, iTrue will enhance user authentication and privacy. In addition, developers will be able to create decentralized applications in a wide range of ecosystems directly.

iTrue technical expert Anton Goroshankin has stated that modern block products have discovered a way to solve the problems with the strategy of combining the database and the block chain. As a result, iTrue is a stable and scalable infrastructure that protects user data against misuse or data theft. Other important advantages of this ecosystem are:

Fully Controlling Private Personal Information
Monitoring User Data
Ensuring Full Adaptation to the Privacy Policy
Integrate Privacy Control of Companies into Decentralized Applications.
The main purpose of the project is; to create a global ecosystem that enables companies, developers, users and customers to take advantage of data exchange efforts in a decentralized application market. With this platform, users can share data with other users, companies and data providers that need it. Each participant will receive an award with ITU tokens.

In order to ensure that each user has control over his or her own private data, iTrue will communicate to platform members how their data will be used and how they can be earned. In addition, the platform will comply with privacy rules, and the user will be notified of each data request so that they can approve the request.

The iTrue system will support developers in creating solutions based on critical factors of users' privacy, security and security. Thanks to its innovative identification capabilities, users will not suffer from security when performing any operation with crypto coins. In addition to creating a decentralized solution that eliminates the use of any fraudulent programs, developers will enable you to perform your transactions quickly, efficiently and securely.

ICO and Token Information:
The token to be used within the scope of the project will be iTrue Token based on the ERC-20 standard. Token's ticker will be ITU. The total number of tokens is 8 billion. 60% of these are reserved for token sales. Price is 1 ITU = 0.01 USD.

Soft Cap target of the project; $ 7.5 million; The Hard - Cap target is $ 40 million.

General evaluation:
The iTrue platform has already acknowledged that the biometric authentication service is integrated into the large commercial network of the European Trade Center and will become a true test of this technology. While operating in one of the largest entertainment and shopping centers in Russia, iTrue is expected to provide better security to Europe and increase user privacy.