Hello everyone, in this new post I would like to introduce about Ever_Id project, and for more details let's just go to the following discussion:
EverID’s Decentralized Identity Platform
EverID has built a decentralized digital identity system to store and confirm user identity data, documentation, and biometrics. The platform is available to all human beings from birth until death. It does not require a mobile device to join, is encrypted to protect users’ privacy, and is interoperable with other systems. Institutions, corporations, and government organizations can effectively, cheaply and quickly validate user identity, at scale. Value can then be transferred securely to the correct recipient with reduced transaction costs, lower losses from leakage, and innovations in service and value transfer.
EverID is a disruptive product with an existing prototype, a highly experienced team, and is working with a large Bretton Woods banking institution4 and UN Agencies. It is building the biggest single opportunity for expanding financial inclusion amongst.
Unlocking opportunity with identity
Over a billion people in the world currently do not have a verifiable identity. 2.6 billion people live without a bank account, and close to 5 billion do not have access to a smartphone. The combination of these factors prevents investment, enterprise, and institutional development in emerging markets. The lack of verifiable identity also prevents individuals from accessing the global economy. It leaves close to half the population unable to realise their full economic potential and is a major contributing factor to why 40% of the world currently represents only 20% of the global GDP.
Empowerment through identity
EverID is a device-free, universal identity and value-exchange platform that allows anyone to prove their identity, store value, and transfer funds. It utilizes biometric identity and an immutable ledger that allows the seamless exchange of value between governments, banks, NGOs, insurance companies, hospitals, and other organizations. It reduces fraud and leakage. It makes identity verification at scale more cost-effective than ever before.
Users receive social and economic benefits from their digital identity. No device is needed to access these benefits. An inclusive and secure identity means seamless value transfer and access to global economic services such as banking, credit, and insurance.
The ID token
IDs are a utility token that allow access to the EverID network and the applications and services built upon it. The 800 million issued ID tokens will be purchased by banks, governments, NGOs, large organizations, and users (i.e. remittance senders) that want to access EverID’s network. Institutions are given varying levels of access to the platform based on how many tokens they hold while users will not be required to hold IDs in order to receive value.
A device-free digital identity would empower almost 5 billion people to become part of the global economy, thereby facilitating external investment in emerging markets. Universal and inclusive identity will be the catalyst for trillions of dollars worth of transactions, value transfers, and identity verification costs.
Value of identity
A verifiable digital identity will enable emerging market economies to grow into a $40+ trillion opportunity.