wilycrypto: V-ID overview of the ICO project

What is the V-ID platform?

V-ID is the best candidate for the Blockchain Validation Platform, which will become the de-facto standard solution for document fraud.

Using the blockchain system developed on the V-ID platform, it provides services that use common and reliable principles to ensure that any digital file can be checked and verified safely and can be known to any publisher. because blockchain does not change and is not transparent during the operation of the platform.

The publishing organization / publisher can register any file through the V-ID verification process. He can take into account the authenticity of the document in a few seconds, very useful in lying, regardless of whether it is genuine or not, and does not require a fee for verification. The V-ID platform does not store copies of the scanned files and therefore easily meets the Data Protection guidelines (GDPR). is very different from the usual large-scale project WIDIDI, V-ID is a unique service with a structured and scalable concept.

The V-ID platform will continue to grow. Over the next 3 years, V-ID will become the market leader in the cryptographic world in the field of protecting files of fraud, as well as SSL for secure and environmentally friendly Internet connections. The V-ID Utility offers specific added value for identifying the issuing organization, storing digital fingerprints in a smart contract, and processing payments for verification.

**** Solution****

Users are very easily deceived in the cryptographic world or digital files, which are one weakness that needs to be corrected.

The V-ID platform provides solutions in the form of services using blockchain technology to make digital file fraud impossible. V-users can be divided into two groups: producer and recipient. After creating the registration file on the V-ID, the recipient can verify the authenticity of this file.

V-ID check

The V-ID platform allows the recipient of the file to verify the authenticity and contents of the file by entering it into the verification terminal at https://www.v-id.org . After checking the file, V-ID creates a scan report. OIC (certificate of information on origin) is offered in PDF format. The certificate contains all information about the issuing party, the file itself and all block data, such as time stamps and proof of existence. The verification process can be performed in two ways: verification by a certified employee of the V-ID and self-assessment. For each check, transactions are made using V-ID tokens. Since the data associated with this transaction is in a block chain, the side that checks and the file being scanned is completely transparent.

SWOT Analysis

Strengths

Unique product
A simple and scalable concept
Widely applicable
Proven Usage Option
Active initial user base
Sufficient liquidity
Strong team
Proven software platform
Fund (10 years + in development, approx 100 000 users)

Weaknesses

Power
Obsolete projects (existing contracts)
Limited marketing budget

Prospects

The Giant Market
Different Sectors
Commonly applicable
Block is still a new and noisy term

Threats

The first signs of competition
The probability of bad news about the blockade as a whole
Perception of complexity
The speed of acceptance is unpredictable

Token distribution The

service token V-ID is an ERC20 token that is used to identify purse addresses (for issuers / verification parties) and is used as payment for verification. The platform can be used online (the human interface) and the number of applications, SOAP and REST APIs to form the ultimate secure bridge for verification, with the most common modern software (using web services and system interfaces).

The public sale of Tokens, scheduled for early September 15, 2018, is characterized by the following:

Pre Sale: September 15, 2018

Public: October 15, 2018

The end of Token Sale: December 15, 2018

Maximum number of VIDT tokens: 100,000,000

Cost of VIDT: $ 0.20

Soft cap: $ 1,000,000

Hard cap: $ 8,000,000

The price of the token must be high enough to cover the operating costs of the V-ID, including the commission for the transaction Ethereum and Bitcoin.

Economy of the token