My Blog About Blockchain: EverID - Unlocking Opportunities With Identities

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.

HOW EverID REMOVES OBSTACLES.

EverID is a device-free digital identity platform, accessible globally in the world. Through the use of digital identities, digital wallets, document management, and biometrics, users will be able to digitally verify their identity for public services and claim their social and economic rights.

Device-free identity verification
Peer-to-peer registration using biometric data allows anyone, anywhere to register on the platform, without the need for a device.

Unlimited value transfer
By verifying identity with 100% accuracy, EverID reduces leakage, fraud, friction, verification and data access fees.

Total financial inclusion
Creating global access to existing financial services will open up a new market economy worth $ 20 trillion.

EverID PRINCIPLES:

All individuals can be entered without a smart device.
Individuals will have and control their identity.
Identity information will be shared selectively and resistant to attacks.

SUSTAINABLE DEVELOPMENT
The EverID project has been created with two clear divisions. This is to protect all user identity data and keep users free and sustainable, forever.

IDENTITY NETWORK FOUNDATION

The Identity Network (IN) is a network of nonprofit, awake identities and a network of value transfers for the general good of the planet. Individual information cannot be recorded, transferred or used in any way without their direct consent.

TOKEN ID & IDENTITY NETWORK ECOSYSTEM

ID is a utility token that allows access to the Identity Network and any exchange of values in the economy.
Receiving payments is always free in the system, but users need to save 1-100 IDs in their competition if they want to send payment.
As in all large systems, data rates, complexity, visibility, and higher targeting require greater ownership, up to 250,000 ID.
Institutions need to risk varying numbers of IDs to get higher levels of access and additional IDs for market-specific applications.

EverID TOKEN SALES

There will be a maximum of 800,000,000 issued tokens.