Executive Summary on V-ID and V-ID applications in combating digital fraud

in #vitrumnet6 years ago (edited)

V-ID aims at becoming the best standard solution for document fraud through the use of lockchain technology. The service employs trusted and generic principles to enable verification and validation of any digital file from any publisher. This is possible due to the immutable and transparent of blockchain nature. The system is easy to use with a lot of efficiency and potentials. Among the initial clients who are using V-ID are Airbus Defense and the European research Insitute (ESHRE) and the optical fiber supplier Vitrumnet.

How V-ID it works

The system can be used in many fields across multiple industries which include the following Diplomas and certificates, reports, inspection certificates, due diligence trails, legal documents, audit trails, tracking data, goods documentation, logistic documents, video footage, and photo material

Any issuing organization has to register any file via the validation procedures of the V-ID platform. This will allow each recipient to have an opportunity to verify the authenticity of the file in a matter of seconds and free of charge. V-ID does not save any copy of a validated file, and therefore this makes the system comply with the GDPR guidelines.

V-ID development

The V-ID platform and system are developed by WIDIDI. From 2008, WIDIDI started using its continually developed versatile system called the M16 in executing the software projects for their potential clients. WIDIDI specializes in secure connections, environments, and communication. 

V-ID is a unique and scalable project compared to WIDIDI’s regular big scale projects. The expansion of V-ID as a service requires a different type of approach. In this year of 2018, V-ID has established a milestone by establishing V-ID as a separate organization. The funding is generated via a large-scale Token Sale to speed up the development of the V-ID platform as well as facilitating the market research and marketing

Future Plans

Over the next 3 years, V-ID will have transformed into becoming the market leader in the fraud protection sector, just as SSL has become like a standard for internet connections. We are sure that we will achieve this goal because we have a strong team of technicians who are professionals and are working together with other recognized third-parties as well as individuals. V-ID is moving forward by adapting and converting to necessary changes that are required in meeting the expectations of the market while staying ahead of other companies who are trying to dominate the market.

Token Sale

In order to finance our ongoing projects, V-ID has issued a Token that will be used for paying for a number of services within the platform. There are a number of marketing campaigns that have been allocated in order to promote the Token sale including private sales. The V-Id Utility token offers a base for the added value in the identification of issuing the organizations, saving digital fingerprints in the form of a smart contract as well as processing payment validating. The main focus of V-ID is creating a broad application of fraud prevention.

 Website: https://token.v-id.org
Whitepaper: https://token.v-id.org/page/v-id-business-white-paper.php
ANN-Thread: https://bitcointalk.org/index.php?topic=4918204
Telegram: https://t.me/vidtoken
Twitter: https://twitter.com/v_id_blockchain
Facebook: https://www.facebook.com/vidtoken
My Bitcointalk Profile: marcuscolin 
My bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1781890