iTrue – A Decentralized Authentication Platform for Enterprises and Users
Overview:
iTrue is a blockchain project which aims to develop a decentralized platform for businesses. Businesses can use this platform to improve security of their applications. Thus, the platform is providing security to the customers’ data and also they can have control over their data. iTrue platform is solving the problems of centralized systems which store user data as they are prone to hacks and breaches. The platform will authenticate the users’ data with the help of biometrics which makes this platform easy to access for the customers.
Problems:
• The current centralized applications or systems which stores user’s data are susceptible to hacks and the data can be easily stolen.
• The users need to use complicated passwords while storing their data on such applications.
• The users do not get transparency in the current system as they do not get to know where their data is been used and for what purpose.
• The credit/debit cards used by almost everyone today is not safe for the environment as they are made from plastic.
Solution:
iTrue is solving all the addressed problems with the help of its decentralized platform. The platform carries out authentication with the help of biometrics thus eliminating the need for storing passwords. Blockchain technology will provide security and transparency to the users. They can now access and see where the data is been used and for what purpose. The platform is also concerned about the environment as it is reducing the e-waste as it does not depend upon credit/debit card.
The users get rewarded on sharing their data whenever they get request from the businesses on this platform. The reward is given to the users in terms of ITU tokens. ITU is the internal cryptocurrency of this platform.
Benefits of iTrue:
For users: Users get ownership of their data and they can control whom to provide information and for what cause the data will be used. They also get security with the help of blockchain where no one can manipulate the data once stored.
For Businesses: Businesses can integrate this authentication platform to their applications thus saving the efforts. Contractors can exchange the collected data with other contractors but only after getting the permission from the users.
For Developers: Developers can build their own apps on this platform and they can also earn rewards whenever their application is used by businesses.
Team:
Jack Cheng – CEO
For more than a decade, Jack has been a pioneering leader in fintech, asset management, entech, and distributed ledger technologies. In 2015, he introduced innovative token payment products into Hong Kong to ignite mass adoption. Jack is a recipient of the "Global Top 100 Most Influential Marketing Leaders" in 2016, and is currently involved in industry associations, such as the Beijing Z-Park Blockchain Industry Alliance, Hong Kong Digital Asset Investment Association, and Hong Kong CIO and IT Professionals Association.
Anton Gorozhankin – CTO
He has 15+ years of experience in software architecture and product development, with expertise in payment gateways, billing systems, custom applications, and blockchain integration. Anton has outstanding skills in math and solving of non-standard tech cases. Technology vision and lead all aspects of architecture, software and product development.
Mikhail Podlinev- COO
Expert in project management, marketing, innovation, and conflict resolution. With a master’s degree in computer engineering, Mikhail has expertise in building solutions that include payment gateways, cloud platforms, mobile apps, and affiliate programs for clients.
Token Matrix:
Token – ITU
Total Supply – 8 Billion ITU
Price – $0.01 USD
Soft Cap – $7.5M USD
Hard Cap – $40M USD
Verdict:
Pros:
• The project has good reach on its Telegram group where it has 10,000+ members on Telegram.
• The team behind the project has experience in fields like blockchain, IT, software development, machine learning, biometrics, marketing, PR, etc. The team members have worked in reputed companies like IBM, Morgan Stanley, Apple, Samsung, Moleskine, Nike, Microsoft etc.
• There are two advisors for this project who have backgrounds in Finance and IT.
• The whitepaper of this project is explained very well.
• The project has partnered with Trade Center Europa, IBIA, and Crypto Valley.
Cons:
• The project has low hype on other social media channels such as Facebook and Twitter where it has around 3000 followers.
• The MVP of this project is currently under developmental stage.
• The project should board in more advisors from blockchain background.
Website: https://itrue.io/
Whitepaper: https://itrue.io/files/iTrueWhitePaper.pdf
Telegram: https://t.me/itrueio
Twitter: https://twitter.com/Itrueio
ANN Thread: https://bitcointalk.org/index.php?topic=4721365.0
Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c