Despite the progress, the existing identity management model has some fundamental shortcomings:Users do not own data. In the digital world we live in, users need to trust multiple identity providers with their information and provide access to third-party apps to access their identity. This model requires us to blindly trust that centralized identification authorities will not misuse our data.
Today, almost all third-party apps today require a certain level of access to your Facebook or Google accounts. Also, you can't control what data you provide to companies. In an ideal world, users should control their own identity, and providers should focus on approving specific identity requirements.
- Not publicly available
Identity management solutions are primarily based on the authentication and access control models provided by centralized providers and other authentication applications. In other words, identity is less about what you have access to and who you are. - Also, every time you download a new app or enter a new location, you need to re-confirm and re-confirm your identity. The next generation identity platform should provide an organic model where the user can be verified across multiple vendors.
- Google, Amazon and Facebook know too much
- Not surprisingly, Google, Amazon, and Facebook collectively know more about your identity than the government, banks, or your employer. These three companies cover the main areas of our digital life: the Internet (Google), e-Commerce (Amazon) and social (Facebook). By entrusting these organizations with full control over our digital identity, we become vulnerable to exploitation in many ways that can benefit companies and governments.
The combination of blockchain and biometric technologies will allow companies to develop biometric authentication and ultimately create and market their own applications in the iTrue platform and ecosystem. Reducing transaction disputes through biometric authentication will help to improve the user experience while increasing platform security.
With iTrue, users have complete control over their sensitive personal information and biometric authentication provides secure, uninterrupted access to digital content and even to physical devices such as a car or home. With the Blockchain infrastructure, users and businesses can be confident that their data is on a secure infrastructure to protect against data theft or misuse.
iTrue’s blockchain-as-a-service platform enables applications to integrate authentication independent of passwords, gadgets and plastic cards — all through microservices as building blocks. But that is just one part of iTrue.
The ITU token brings together individual and business users into a single ecosystem with unlimited opportunities for scalability, under a decentralized platform for identification and data storage.
The platform itself does not sell user data. Rather, it enables users, clients, and developers to benefit from sharing and utilizing data on the platform.
- Developers can build applications that take advantage of microservices, such as identity verification and authentication.
- Users are informed about each request for their data, and they are rewarded when they participate in data-sharing activities.
- ID Verification (IDV) system that does not require data storage on personal devices. Simple KYC can be implemented through the platform iTrue. Users can go through the KYC procedure using their mobile phone, PC or an authorized partner terminal.
- In a more practical way, rather than providing broad resolution to countless applications and services and having their identity data among numerous providers, iTrue wants to offer people a secure encrypted digital center where they can store their identity data and easily control access to it.
Other important benefits of this ecosystem are:
- Provide full control over private personal information
- User data tracking
- Ensuring compliance with the privacy policy
- Non-centralized application health assessment of enterprise privacy settings.
The token economy ensures a fair and legal framework for exchanging and storing data, wherein users, developers, and businesses are rewarded for playing a part in the ecosystem.
Information of tokens
- Token name: iTrue (ITU)
- Nominal price: 1 ITU = US$ 0,01
- Total amount of released tokens: 8 billion ITU
- All the unsold tokens: will be burnt by the smart contract
- Token type: ERC20
Strong positions:
• 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.
Important links:
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
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