Skip to main content

EverID: maximizing opportunity with identity

Image result for everest bounty
Hello friends, I welcome you all to this edition of my article reviews. I do my personal research and write about projects I find lucrative and full of potentials. Today, I will be giving out a brief overview of a project known as Everest.
Just with a quick glance, one would easily pinpoint our generation has far gone past the days of analogy to this new era of digital innovation ever recorded in the human race. Need for individual identification cannot be overemphasized, an individual with low identification is restricted from vast social benefits.

EverID is simply a decentralised platform for a brand new economy, incorporating a massively ascendible payment resolution with a multi-currency wallet and digital + biometric identity. Through the utilization of digital identities, digital wallets, document management, and biometric identity, users would be able to digitally verify their identity for public services which will give them the channel to claim their social and economic rights.
Image result for everest bounty
Device-free identity verification: Peer-to-peer registration utilizing biometric data permits anyone, anyplace to register within the platform, without the requirement for a device. Seamless worth transfer: By confirmatory identity with 100 per cent accuracy EverID automatically reduces leakage, fraud, friction, verification, and data access charges.

EverID overview

Image result for everest bounty
EverID has engineered a decentralised digital identity system to store and ensure user identity data, documentation, and biometrics. everyone no matter country location would be able to access the platform. It doesn't need a mobile device to affix, is encrypted to safeguard users’ privacy, and is practical with different systems. institutions, companies, and government organizations will effectively, cheaply and quickly validate user identity, at scale. the value will then be transferred firmly to the right recipient with low transaction charges, lower losses from leakage, and innovations in commission and value transfer. The essence of this revolutionary project is artificial intelligence. Special programs carry out a thorough analysis of customer data, find other intelligent contracts in the database that the customer previously followed, and check all user actions: investment, billing, etc.

EverID use cases

Economic growth: Deviceless biometric authentication can empower over four billion individuals and build a $40 trillion economic opportunity.

Institutional potency: Reduced transfer and data storage fees will give rise to institutional growth in rising nations.

Individual empowerment: EverID modify users and give them the authority to be in total management of their data and provides access to formal economic systems.

Total financial inclusion: establishing world access to existing monetary services unlocks the $20 trillion-dollar economy of rising markets.

Micro-finance: a Full resolution to lend cash to billions of individuals and SMEs

Cash Transfer: 100 per cent validation of cash sent to biometrically verified users
Remittance: simple, efficient approach for banks to supply cash transfer services

ID verification: Verify users through biometrics, government IDs and third-party attestations

Medical records: Manage documents hosted within the cloud or device, track healthcare for all

Land: compress titles, GPS coordinates, and identities to bank and secure land
Micro-insurance: Collect documents, biometrically sign contracts to serve billions of users without any need for a device.

Economic and social role of EverID

As of the time of writing this, EverID still remains the first worlds device-free, globally accessible, digital identity platform. Through the utilization of digital identities, digital wallets, document management, and biometrics, users are able to digitally verify their identity for public services and claim their social and economic rights.
Device-free biometric authentication: Peer-to-peer registration utilizing biometric data permits anyone, anyplace to register within the platform.
Seamless value transfer By confirmatory identity with 100 per cent accuracy EverID reduces leakages, fraud, friction, verification, and data access charges.

important links

★ Web ★ Whitepaper ★ Twitter ★ Medium ★ Telegram ★ Reddit ★

Username: tochidavid
pofile link: https://bitcointalk.org/index.php?action=profile;u=2355893

Comments

Popular posts from this blog

ORBIS: Harnessing the banking ecosystem

Hello friends, thanks for supporting me through reading my article review. I promise to serve better by providing the most vital needed information as fast as possible in article reviews. However, in this edition of my article review, I will be giving out a brief overview of a project known as ORBIS which aims to harness the banking sector. The traditional banking industry has in this past few years been confirmed as a centralized financial institution. This institute has placed a centralized management over the financial institution for a long period of time, the traditional financial institution has struggled so far to keep the system running not minding the shortcomings plaguing them which is as a result of the centralized nature of the institution. However, technology is evolving, and our world is becoming more digitalized and this brought about the concept of blockchain and bitcoin in the early days of 2009. Bitcoin as a digital currency is currently revolutionizing the financia...

HUMANCOIN: Establishing a user-friendly environment for donors and recipients

Hello friends, thanks for supporting me through reading my article reviews. I promise to serve better by delivering the most useful information about the technological happening around the world's globe. It feels so good to know good people still exists in this world where evil has dominated good. I believe kindness is the core value of every true religion if you would sincerely agree with me. Quite a lot of individuals has found pleasure in helping and empowering people which I strongly believe is the core responsibility of everyone. Lots of philanthropists have less or no time to establish their own charity organizations so they choose to operate under the charity industry. Sadly, the already existing charity industry has been plagued with vast errors which are as a result of its centralized nature. The already existing charity industry is built on a centralized structure which has given rise to a lack of trust by donors and philanthropists who devotes his/her self to help ...

Topex.io: Initiating unlimited opportunities to cryptocurrency traders

Hello friends, I welcome you all to yet another amazing edition of my article reviews. Just like you all know, I do my research and write about important ongoing projects in the world of cryptocurrency and today, I will be giving out a brief overview of a project that aims to enhance cryptocurrency trading and eliminate errors such as insecurity. Our world is constantly changing, and the internet has gained more influence in every aspect of the human life. The establishment of the internet to the world’s ecosystem has brought about the concept of a digital currency known as cryptocurrency. Surprisingly, cryptocurrency has gained acceptance in the world’s ecosystem with the level of daily online cryptocurrency traders increasing from thousands to millions in a worlds scale. However, despite this impressive adaption and level of crypto traders, trading cryptocurrency still proves to be complex with a lot of errors which in turn minimizes the smooth running of the trade by these users...