Velix - The Place for the Verification of Your Identity

"Identity" defines who we are. How does it feel when it is taken away from you?. The current situation is so shocking that on an average, an email account gets hacked almost thrice in one year. There are not effective solutions for it as well and there is certainly a demand for identity verification methods that give the best possible results. This is where Velix comes in and turns the tables around for the whole Identity verification façade

Introduction

Velix is a service that helps in conducting Identification verification. The users can easily verify their identity by following any mode like scanning their fingerprints. All this process can happen over the Velix.ID application and the Velix ID can be used for a lot of things that includes authorization of requests.

The present methods of verification are outdated and take quite a lot of time for processing. This often leads to bring up huge loss for business organization. Velix will prove its worth by giving the rights to the users to control their own personal information. Apart from that, the individuals can also decide about the information they want to share with the world and the information they want to keep hidden.

Features

The different efficient features of the platform include.

Optimized: The Velix platform saves time and is cost efficient too. The time and the cost that earlier methods of verifications had are now taken care by Velix. This serves as an advantage for the businesses as well as for the individuals.

Decentralized: There is no chance for failure as there is no dent through which any leakage in the system can occur. A single node doesn't affect the rest part of the platforms.

Secure: The data concerned with the users are not under Velix's storage. So, even if there is a slightest chance for the systems to be breached, users will not have to compromise with their shared data.

Universal: The transactions can be done anywhere in the world irrespective of the boundaries. The VDX tokens take good care of globalizing them.

Obscure: The Velix.ID uses the latest blockhchain technology with the help of which it becomes easier to protect the privacy of the parties that make the transactions.

Transparent: The transactions that happen on the Velix platform are see through and it is visible to everyone who is a part of the platform. The authenticity is maintained for all the different transactions made in the platform.

What is the Problem?

The different problems that are related top the Identification Verification process today include:

1. Time Consumption: The recent methods involved in verification process are very slow and sometimes takes weeks and months to process.
2. Privacy: The data concerned with the users are stored centrally as a result of which breaching into it becomes easier and therefore leads to open up the identity of the user.
3. Security: PII – Personal Identifiable Information is an important data and during the verification process, this is leaked while undergoing different stages. This makes it easier for the people to lose the data and get their hands on them.
4. Loss: Financial Loss is obvious. The verification process sometimes triggers several financial costs concerned with the business organizations.

The Solution

Velix brings in solution for the users as well as the businesses. They are:

Users

• Decentralized
• The users enrolling in will get a unique ID for themselves.
• The authorization of the users is very important for making transactions.
• The users involves have full control on their facts and data.

Businesses

• The customers will get a better experience
• There is effective cost and time management in the process.

The Token Sale and ICO Details

The token sale will use VXD tokens to make transactions in the platform. The total VXD tokens allotted in the sale accounts to $50 million.

The Soft Cap of the sale is - $2.5 Million
The Hard Cap of the sale is - $25 Million

Today is the last day of the pre-sale and the crowdsale starts tomorrow i.e. 10th
February 2018 and will be over by 5th March 2018.

The Fund Allocation

1. 45% - Development of Products
2. 25% - Marketing and Partnership
3. 20% - Operating Cost
4. 5% - Research
5. 5% - Legal

The Final Verdict

To take care of one of the major issues is not a joke and Velix does the needful by wiping off all the concerns related to identity verification. An Identity is what defines an individual and keeping it safe from the fraudsters is very important. Having said that, time for you to decide whether this is the perfect

To know more visit:

Website : https://account.velix.id/

Whitepaper : https://www.velix.id/assets/Velix-White-Paper.pdf

Twitter : https://twitter.com/VelixId

Telegram: https://t.me/velixID

Author by: Hellokitty6

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