IDENTITY STORAGE AND DISTRIBUTION IN THE BLOCKCHAIN -THE IAME PROJECT
Blockchain has brought about a revolution that mimics the scenario during the late 90s when the internet was open to the public. The number of use cases of the blockchain technology is enormous – from transferring cryptocurrencies through the internet to gaming in blockchain based platforms. Every day new concepts are implemented on the blockchain, with one single aim – to enable frictionless, transparent and secure transactions on the internet without the involvement of any middlemen. Since so many services are springing up daily on the blockchain platform which requires know your customer validation by the user, it becomes increasingly necessary to have a single decentralized platform to manage and intelligently classify all the user identities in a secure manner. The Iame Project aims to be that single platform for identity management. It aims to be the single decentralized source for storing, managing and allowing secure access to customer database by using the blockchain technology.
Protection of user data should be the first priority of any corporation. However, the security features available to protect private information and sensitive user data is not powerful enough to stop hackers and individuals with malicious intent from accessing it. Blockchain has shown the world how effective it is when it comes to securely and transparently store user data on the internet. The underlying technology makes it impossible to obtain someone else's data without the private key that is used to securely store the information. No external agent or organization can manipulate already stored data without the original user's consent. This is a revolutionary advancement in the history of technology and Iame is leading the race for identity storage and management on the blockchain platform. It aims to fragment the user's data and store parts of it together on the blockchain. Only the user can decide which third-party application has access to its data and how much data can be accessed. With data protection becoming an increasing concern among the public, this is a step forward towards the right direction.
The Iame Project plans to raise funds to develop, maintain and market its identity storage data platform through an Initial Coin Offering. The investors can buy the IAM token which is based on the Ethereum blockchain and is a standard ERC 20 token. Once the platform is live, the IAM token can be used to pay for any service offered on the IAME platform. Corporates can integrate the IAME application to its mainframe to allow secure storage of user's data where there is no fear being hacked or leaked. Investors in the ICO can also exchange the token for other cryptocurrencies when it is available on major exchanges.
The IAME Project is a one of its kind project on the blockchain that is solving a very pressing problem – secure storage of valuable and sensitive data on the internet. This wouldn't have been possible without the underlying blockchain platform. It will be a breeze for customers as well as corporates to manage and give access to data on the blockchain all while giving a secure platform to store data. This is the game-changing technology that not only promises to change the way how corporations registers new users but also facilitates a faster and easier way for the user to manage his/her data online. This may just be the revolution that the internet was waiting for!
Website - https://iame.io/
Whitepaper - https://iame.io/whitepaper
ANN - https://bitcointalk.org/index.php?topic=3218491.0
Telegram - https://t.me/IAME_identity
Published by - dannywhelan
Profile - https://bitcointalk .org/index.php?action=profile;u=1606458