VERIME - Blockchain-based Verification Service that facilitates easy and fast user autentication for merchants
INTRODUCTION
Blockchain possesses the potential to provide you complete control over your identity, while not sabotaging your ability to transact with the outside world.
This technology, if implemented correctly can help bring the concept of self-sovereign identity ver to life , giving users the choice to share only the information required.
Enthusiastic about this are startups such as VeriME, who believe that this distributed ledger system can bring the much-needed change in the digital authentication and verification sector
This online authentication and verification platform, with a distributed ledger system at its core, believes that in order to build an ecosystem based on the idea of self-sovereignty, the underlying platform shouldn’t belong to one.
VERIME PLATFORM
VeriME is a decentralized Verifcation-as-a-Service (VaaS) ecosystem operating on Blockchain and Customer’s mobile application, using the most advanced biometric technologies and machine learning tools to identify and authenticate the Customer during purchase of goods and services. Customers can verify their identity electronically with the Service Providers (Online/Offine, both Blockchain and tradi- tional applications) who are VeriME’s partners in just a few seconds, saving cost for Service Providers and enhancing Customer experience.
VeriME would initially offer two solutions to its partners:
D-KYC: VeriME’s partners would be able to validate potential custom- ers and complete onboarding process with them seamlessly within seconds.
D-SECURE: Using this product, VeriME’s partners would be able to seamlessly authenti- cate customers during the purchase of goods and services.
• VeriME’s products protect its Partners and ensure their compliance with local, in-country regulations such as prohibition of transmission of confdential or sensitive information of an individual outside its boundaries (also known as Local Data Sovereignty and PDPA laws). VeriME’s solutions are designed in such a way that it DOES NOT transmit confdential or sensitive information such as PCI DSS [Payment Card Industry Data Security Standards] and PII [Personally Identifable Information] data, during KYC and Authentication processes.
MISSION
Digitize KYC and Authentication solutions, deliver transparency with Blockchain, pro- vide access anywhere and anytime via personal mobile device, minimize time & cost for Part- ners, maximize Customer experience.
VISION
VeriME becomes a global, not-for-profit, decentralized VaaS ecosystem in the Block- chain space and beyond saving time and money for partners and end consumers
VERIME TOKEN
VeriME is the current application. But to use it in the digital world, you need to translate it into a blockchain platform. As a means of payment for VeriME services, a VeriME token (VME) will be used.
VeriME plans to issue 1 billion VeriME tokens (VME) for the creation and development of the VaaS platform. The VME token will be distributed as follows:
TokenPricing
300 million VME-tokens will be put up for sale at a base price of 1 VME = $ 0.1, or 1 ETH = 3000 VME. Accordingly, the amount of fees will be 30 million US dollars. It should be noted that at the pre-sale held from January 1 to February 4, there were already collected 6.8 million US dollars, which exceeded the minimum amount of fees (3 million US dollars) and testifies to the success and popularity of the VeriME project.
The basic token sale will take place in two stages:
from March 01 to March 15;
from March 16 to March 31
USE OF PROCEEDS
THE FINAL VERDICT
VeriME will effectively develop and utilize the platform for problems as pertinent as digital identity verification.
Buyers download the VeriME mobile application to their personal smartphone. Using a smartphone camera, VeriME takes a photo of selfie and offers the client to download an identity document, specify payment methods, card data, etc. VeriME recognizes, confirms and stores information on the client's smartphone.
ROADMAP
TEAM
For Further information visit the links below:
Website: https://www.verime.mobi/ico
Whitepaper: https://www.verime.mobi/static/dl/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=2538176.0
Telegram: https://t.me/joinchat/Gizz-A7awH81i3pEGgB1dw
Facebook: https://www.facebook.com/VeriMEDigital/
Author: Brainerdpaul
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409