EVEREST (REVIEW)
Everest is a decentralized platform for a new economy, incorporating a massively scalable payment solution with a multi-currency wallet, and digital + biometric identity.Through the use of digital identities, digital wallets, document management, and biometrics, users will be able to digitally verify their identity for public services and claim their social and economic rights.
Simply put, it is a decentralized platform built for a new economy, incorporating a number of features in order to offer a full solution. It features a native biometric identity system, EverWallet, and a multi-currency wallet in order to deliver a complete solution to its users.
Today, without verifiable identity, many people cannot access banking in order to receive credit or value, something that prevents economic development. The inability to validate an identity also impedes access to some basic human rights, including education and Healthcare. That is the problem this project is poised to solving.
IDENTITY CHALLENGES
Without verification of the client's identity, banks are currently unable to provide you with access to your accounts and credit. A complex and unorganized system of client verification hinders the development of the economy as a whole.
The inability to prove one's identity is becoming a major obstacle to ensuring real human rights in the health or education system.
Large institutions incur huge losses and can not develop in full force because at the moment there is no coherent and controlled infrastructure responsible for user identification.
EverID is developing a unique platform that will create a digital identification standard powered by blockchain that does not need personal devices to function. An ecosystem consisting of digital wallets, IDs and document management solutions will be created to empower people to access commodities, such as banking products, with ease, and security.
EverID will use biometric data to allow anyone to join a platform without having to use any special devices, allowing everyone to benefit from digital identification!
What EVEREST be used for
Online transfers
Full and guaranteed validation of funds sent to verified and reliable users.
Online translation by card
Fast and comfortable way for banking systems to offer service to their depositors in the form of money transfer.
Microfinance organization
A global solution that allows you to quickly and easily issue micro-loans for a huge number of users.
Identity check
A thorough system of verification of each user to ensure the maximum level of security by applying biometric data verification and other verification methods.
Online medical cards
The platform provides the ability to manage to monitor and archive all your medical data to track the necessary assistance to the client.
Archive of cadastral plots
The platform allows you to connect together all the data-location dimensions of the parcel identification number so that you can send the data to the required public service and assign the parcel to the owner.
Insurance
Collection and signature of documents biometric data for rapid service and maintenance of insurance customers.
Everest project comprises of four components
The Identity Network Foundation –
This is a non-profit, value transfer and stewarded identity network built for common good. It allows individuals complete control over the data they provide, meaning that the information can’t be transferred, recorded or used in any other way without the direct consent of the users.
EverID:
Decentralized Identity Platform – This is a decentralized mobile application that gives users control over what they record, transfer, update or store.
EverWallet –
This feature does not just support multiple currencies, but also document storage. It’s part of the EverID Dapp .
EverChain –
This is a scalable value exchange, allowing recording of all transactions into the Ethereum blockchain.
ROADMAP
The concept of Everest didn’t start recently; it started in 2016 when the company was formed. Since then it has set out some goals and objectives over the years, some of which it has already met and others planned to be achieved in the next year.
May 2016 – Everest Concept
June 2016 – Everest Founded
June 2017 – Development of Proof of Concept begins
January 2018 – Demonstrating proof of concept
June 2018 – Publishing of white paper
July 2018 – Testnet live ( blockchain, token and ID+Wallet DApp)
October 2018 – Everest 1.0 to go live (API, blockchain admin console, ID+Wallet DApp, token)
December 2018 – INF (Identity Network Foundation target) completion
March 2019 – Everest 2,0 (API integrations, multi-currency wallet)
June 2019 – Everest 3.0 (enhancements of blockchain speed and launching smart contract infrastructure to partners)
October 2019 – Everest 4.0 (SKD, money transfer and banking licenses available)
TEAM
Bob Reid
Co-Founder and CEO
Brad Witteman
Co-founder & CTO
Gautam Ramnath
Partnerships
Tyler Frost
Operations
Joseph Morris
Marketing
Amry Amanah
Engineering
ADVISORS
Aya Miyaguchi
Executive Director Ethereum Foundation
Atsushi Taira
Managing director of Mistletoe
Toomas Hendrik
Former President of Estonia
CONCLUSION
The platform will consequently reduce costs associated with data access and verification as well as fraud and leakage that’s experienced in the traditional systems.
Read More On
https://everest.org/
https://everest.org/wp-content/uploads/2018/08/Everest_whitepaper.pdf
https://t.me/Everestdotorg
https://www.reddit.com/r/EverestDotOrg/
https://medium.com/@EverestDotOrg
https://bitcointalk.org/index.php?topic=4782378
WRITTEN BY https://bitcointalk.org/index.php?action=profile;u=1183925