Velix.lD - The Right Solution Troubleshoot financial costs, time consumption, privacy, and security issues

Preliminary

Personally identifiable information has grown rapidly and tied up in the last three decades, but the verification method has not been very successful. While recent innovations such as United Nation's ID 2020 initaitive, New Zealand Govt's RealMe, and Sweden's Bank ID and Indian Government's AADHAAAR Card attempt to simplify this process; They are all lacking in protecting the privacy of the individual concerned. The main reason why IDV has not occurred is the lack of a proven / proven trust framework that all institutions, globally, can share the cost and identity verification responsibilities. . Velix.lD aims to bridge this gap by building a universal ecosystem, unclear, transparent, decentralized, efficient,

Identity Evolution

Human identity has evolved with the evolution of homo sapiens itself. From relying on other tribal members to be able to verify whether the individual is a tribal member - to this day - when identity information often occurs such as "Here's My Name, Phone Number, Email ID, Facebook, Twitter, lnstagram, Work Address, Home Address, GPS Location, no Passport, no Visa, no credit card, username, password, bank account No. SIM's LicenseNo., Employee ID and the list goes on .... "Obviously, the way we Identify ourselves has undergone a revolutionary change. Identity is first associated with the people around us; family, neighborhood, or city; However, the true value of being able to recognize a person begins to be understood when people start traveling abroad,

Digital Identity

The way we interact or socialize with others in our lives, whether professionals at a glance, the digital space looks safe and friendly; Anyway, what could hurt me as I sat behind the scenes in the comfort of my own home. Our view of privacy has undergone a major overhaul in the past two decades, as we transact business and form personal relationships online without ever meeting anyone else on the other side of the screen

IDENTITY APPLICATION FOR A YEAR

This information you shared is not as safe as you think. A study conducted between March 2016 and March 2017 by Google and the University of California Berkeley (UCB) together shows that data breaches are responsible for the highest number of user credential compromises. The study found that 15% of Internet users have experienced digital information disruption at least once.

'WHY DO I MUST CARE?' The general question when it comes to protecting personal data is' Why should I care? Not that I have anything to hide. I have not made a mistake '. This, of course, is a misunderstanding. You have many reasons to protect your privacy, even if you do not have to be afraid of the law:

EXAMPLES OF PRIVACY VIOLATIONS LIKE THIS BELOW:

IDENTITY STATION

A study by Carnegie Mellon University shows that most or all of the 9 digit Social Security User Numbers can be predicted from online databases and social media

UNS NOT ADMIRED

Your browsing data is shared with agencies by Social Networks and Websites.

CYBER VIKTIMIZATION

Access to personal information about an individual often leaves them vulnerable to online harassment, sexual harassment, moral policing and blackmail against online Predators.

INVASIVE AGREEMENTS

Did you know that you are granting rights to your images if you upload them on Social Media?

SAFETY OF CHILDREN UNDERFUL

A large number of teens and preteens now include personal information about themselves on the Web, especially Social Media, raising concerns over the safety of minors.

Velix.lD aims to solve the problem of financial costs, time consumption, privacy, and security issues in the Identity Verification Room by introducing a decentralized Ecosystem for Identity Verification that makes Users and Business profitable. Such platforms are optimized for users (ie time and cost-effective), decentralized (not storing data in central database), transparent (authenticity of transactions verifiable by anyone), Safe (although Velix.lD system is violated, no User data compromise), Obscure (User privacy is protected at all times), and Universal (verification ID almost instantaneously without geographical restrictions).

A bare bones architecture of such an ecosystem is provided below:

USER VELIX.ID IDENTITY HOLDERS Everyone among the 7 billion people in the world will classify themselves as holders of identity in the Velix ecosystem. All identity holders in the Velix.lD ecosystem have unique ID numbers that allow all their data to be associated. Each individual can use Velix.lD to verify their identity.

SEARCH IDENTIFICATION IDENTITY An organization that requires a person's verified identity, but does not want to invest time and money to verify its own identity, can use the Velix.lD ecosystem as a Verified-Identity Seeker.

VENDER IDENTIFICATION PROVIDERS Any institution or business involved in the verification process of information relating to a person's or business's identity is eligible to become a Verified Identity Provider in the Velix.lD blockchain. It could be an educational organization, banking institution, multinational corporation, business or even a government organization

LEVEL PII VELIX.ID If we separate userally identifiable information (PII) Users into varying degrees according to their accompanying interests and the risks involved in trans- lating information from Identified Identity Providers to VerifiedIdentity Seeker, transaction assignments can be much more convenient and risk-averse .

The user-optimized Velix.ID platform is time and cost-effective, decentralized (does not store data in the central database), transparent (authenticity of transactions verifiable by anyone), Safe (although the Velix.lD system is violated, no User data compromise), Obscure ( User privacy is protected at all times), and Universal ie almost instant ID verification without geographical restrictions.

FEATURES VELIX.ID

Universal Ecosystem

The absence of restrictions on a citizenship, this makes the Velix.lD ecosystem to be adopted globally. Velix.lD has its own token, the VLX token, to help globalize the platform by facilitating transactions between people around the world.

Safe User Ecosystem

For Velix.ID users do not have to worry, because Velix.lD does not store data about Users using the Velix.ID platform. The absence of a centralized database for storing information about transactions, information stored in encrypted distributed ledger system (blockchain) that makes all transactions anonymous. In addition Velix.lD uses Smart Contracts to set up the system.

Obscure Ecosystem

Zero-knowledge-proofs which is the latest blockchain technology used in the Velix.lD system, this is to provide a guarantee on the privacy of transacting parties from other users in blockchain.

Transparent Ecosystems

Any transactions that occur within the Velix.ID system Blockchain can be viewed by anyone. The Velix.lD ecosystem can be verified its authenticity in every transaction made in blockchain.

Decentralized Ecosystems

Through Blockchain technology, Velix.lD can decentralize the entire infrastructure in a way that every institution can verify and authenticate the transactional information recorded on the transaction ledger.

Optimized Ecosystem User

User-oriented identity verification process is one of Velix.ID's goals. And for the Velix.lD ecosystem will significantly reduce costs as there is little cost to be paid to identity providers verified by verified identity seekers. The time required to verify identity is also reduced, since transactions are recorded and verified almost instantly via Velix.lD Blockchain.

TOKEN VXD

VXD is an ERC-20 compatible token on the Ethereum blockchain.

VXD token allocated as much as 50 Million

Token type: Utility Token

Aim:

For sale in Private Sale, Presale, and Crowdsale.

Soft Cap: $ 2.5 Million

Cap Hard: $ 25 Million

All unsold tokens from token sales will be burned.

Availability:

Token will be directly sent to ERC-20 investor wallets through smart contract.

The presale begins on January 27, 2018 and ends on February 9, 2018.