EVERID - Unlocking opportunity with identity

asyifa (25)in #blockchain • 6 years ago

EverID has built a decentralized digital identity system to store and confirm user identity data, documentation, and biometrics. The platform is available to all human beings from birth until death. It does not require a mobile device to join, is encrypted to protect users’ privacy, and is interoperable with other systems.

EverID is a disruptive product with an existing prototype, a highly experienced team, and is working with a large Bretton Woods banking institution4 and UN Agencies. It is building the biggest single opportunity for expanding financial inclusion amongst

EverID is a user-centric, self-sovereign identity and value transfer solution based on blockchain technology and the cryptographic underpinnings of that system. The core focus of the EverID operating company is to create economic and social value.

Unlocking opportunity with identity

EverID is a decentralized platform for a new economy, incorporating a massively scalable payment solution with a multi-currency wallet and digital + biometric identity.

Over a billion people in the world currently do not have a verifiable identity. 2.6 billion people live without a bank account, and close to 5 billion do not have access to a smartphone. The combination of these factors prevents investment, enterprise, and institutional development in emerging markets. The lack of verifiable identity also prevents individuals from accessing the global economy. It leaves close to half the population unable to realise their full economic potential and is a major contributing factor to why 40% of the world currently represents only 20% of the global GDP.

EverID use cases

Cash Transfer
100% validation of money sent to biometrically verified users

Remittance
Easy, cost-effective way for banks to offer money transfer services

Micro-finance
Full solution to lend money to the billions of people and SMEs

ID verification
Verify users through biometrics, government IDs and third party attestations

Medical records
Manage documents hosted in the cloud or device, track healthcare for all

Land
Combine titles, GPS coordinates, and identities to bank and secure land

Micro-insurance
Collect documents, biometrically sign contracts to serve billions of users with or without devices

The principles of EverID

All individuals can be included without a smart device.
The individual will own and control their identity.
Identity information will be shared selectively and be resilient against attack.

The ID token and the Identity Network ecosystem

IDs are a utility token enabling access to the Identity Network and every exchange of value in the economy. Receiving payments is always free within the system, but users need to stake 1-100 IDs in their wallet if they want to send payments. Like within all large systems, the higher levels of data, complexity, visibility and targeting require a larger stake, up to 250,000 IDs. Institutions need to stake varying amounts of IDs to gain tiered levels of access and additional IDs for market-specific applications.

Token Sale

There will be a maximum of 800,000,000 Tokens issued.
38.0% Seed, Pre-sale and Bounty (0.875%)
37.5% Team Members, Founders, Board Members, and Advisors
24.5% Reserve for community and ecosystem development

Roadmap