Hello friends, Today I will be reviewing a very exciting ICO project. I will be discussing how iTrue a Service solution with a built-in authentication system with biometrics as its core microservice, enabling enterprises and developers to build secure, scalable and extensible applications is revolutionizing the world
The iTrue token ecosystem rewards users for sharing their data, and businesses for participating in the data and app marketplaces
iTrue is a Blockchain-as-a-Service solution with a built-in authentication system with biometrics as its core microservice, enabling enterprises and developers to build secure, scalable and extensible applications. The iTrue token ecosystem rewards users for sharing their data, and businesses for participating in the data and app marketplaces. Our innovative stone storage solution ensures high speed and capacity without sacrificing security and privacy
iTrue combines block circuits and biometric technologies to improve the quality of authentication and platform security. With iTrue, users have full control over their confidential personal data, and biometric authentication provides safe and unhindered access to digital assets and even to physical objects such as a car or a house. Because iTrue provides notifications about where user data is used, businesses can integrate privacy controls into their applications, thereby helping companies comply with European GDPR rules. By implementing a block-based approach, users and businesses are confident of a reliable and scalable infrastructure where their records are safe and safe from data theft or misappropriation.
What is iTrue Delivery Planning?
The iTrue vision for a decentralized identity is still at an early stage. In collaboration with other vendors, iTrue is actively working on the following initiatives to provide a new wave of decentralized protocols and identity management solutions:
- Biometric authentication is a system that recognizes the eye’s iris, manual veins and facial functions with real-time detection when authenticating users to access large corporate systems.
- Stone Storage is a unique storage function in which personal information is stored separately from a transaction record and can be divided into different levels and stages. This allows users to determine what information should be shared with which party, thus completely controlling confidential information, but still enjoying the simplicity and ease of authentication based on biometric data.
There is a growing demand for safe, efficient, and secure authentication systems, given the rise of online financial products and startup companies providing innovative digital services.
Services like cashless payment systems provide convenience and ease of transactions. Banks and fintechs are already exploring or implementing biometrics as a way to authenticate users.
Biometric technologies, however, do not give an assurance of secure and safe authentication on their own. User data can easily be compromised or misused with improper handling.
Users are therefore concerned about how businesses are using their data — fintechs and online services may be collecting, using, and selling personal data for their own profit.
Some Facts and FiguresMore than half of e-commerce cart abandonment is due to forgotten passwords(49%) or forgotten debit/credit card details (59%) underscoring the need to improve authentication measures.
49% of the users in the US are concerned about their biometric data being compromised, while 35% are worried about their bank having access to the information.
Facial recognition in surveillance is legal in Russia and other countries, but is considered a major privacy threat, especially if the security of the system is compromised.
In Shanghai and Beijing in China, facial recognition is being used not only by state security and surveillance, but also by private companies. Example: Fintech provider ANT Financial is utilizing biometric scanning even in public places like the subway.
SOLUTIONS PROVIDED BY iTrue
With iTrue, users have complete control over their confidential personal data, and biometric authentication enables secure and seamless access to digital assets and even physical facilities, like a car or house. Since iTrue gives notifications where users’ data is being used, enterprises are able to integrate such privacy controls into their applications, thus helping businesses comply with the European GDPR regulations.
By implementing a blockchain approach, users and businesses are assured of a robust and scalable infrastructure wherein their records are secure and safe from data theft or misappropriation. Our solution is designed for high speed and capacity — overcoming the limitations of current blockchain tech.
The iTrue Token Ecosystem
The platform itself does not sell user data. Rather, it enables users, clients, and developers to benefit from sharing and utilizing data on the platform.
Developers can build applications that take advantage of microservices, such as identity verification and authentication. Users are informed about each request for their data, and they are rewarded when they participate in data-sharing activities.
Our primary service for authentication with biometrics can be the basis of projects by third-party developers who will be able to integrate their own features and solutions into the iTrue platform
BENEFITS
Privacy
Users have full ownership of their data, and have full control over where their data is shared
Confidence
User data is stored on a decentralized platform and never on local devices, thus ensuring better protection against failures or data theft
Ease of Access
Biometric access means never having to memorize a password again, and never having to rely on a gadget like a smartphone or credit card
Participation in Data Economy
Individual users can get benefits when they willingly provide data to clients and businesses that require it, in the form of tokens or other rewards
FOR BUSINESSES
Automation
Blockchain-as-a-service comes with authentication platform and reduces the need to build one from scratch, particularly the ID verification
Compliance with Regulation
Tokenized data sharing mechanism informs users and seeks authorization before any data is exchanged, thus complying with regulatory frameworks like GDPR
Data Exchange
Contractors who traditionally collect and process data can exchange existing data with other contractors who may hold their own data. To ensure privacy, such data sharing will still require user permission
Customized Applications
Business gain access to both turnkey solutions and developer-customized applications right within the iTrue platform
FOR DEVELOPERS
Time-to-Market and Scalability
Access to iTrue microservices enables developers to build their enterprise or consumer apps on top of the iTrue platform. Such apps can be listed on the iTrue Marketplace for businesses and users. iTrue’s new type of storage also ensures speed, security, and accessibility.
Tokenized Benefits
Microservice developers get token rewards whenever other developers build upon their existing microservices; Application developers get token rewards when their solutions are utilized by other enterprises or users in the marketplace or when they are requested to customize or fine-tune iTrue applications for enterprise end-users
Extensibility and Turing Completeness
iTrue microservices are building blocks that enable developers to more quickly design and deploy enterprise or consumer applications. Developers can also build their own microservices into the platform, which other app developers can also utilize in building their own services and apps
TOKEN SALE DETAILS
The token economy ensures a fair and legal framework for exchanging and storing data, wherein users, developers, and businesses are rewarded for playing a part in the ecosystem.
Token Information
- Token name: ITU
- Price 1 ITU = 0.01 USD
- Bonus Available
- Platform Ethereum
- Accepting ETH
- Minimum investment 100 USD
- Soft cap 7,500,000 USD
- Hard cap 40,000,000 USD
- Country Hong Kong
- Whitelist/KYC KYC & Whitelist
TEAM
FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;
Website: https://itrue.io/
Whitepaper: https://itrue.io/files/iTrueWhitePaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=4721365
Twitter: https://twitter.com/Itrueio
LinkedIn: https://www.linkedin.com/company/itrue/
Medium : https://medium.com/itrue
Reddit: https://www.reddit.com/r/iTRUE/
Lightpaper: https://itrue.io/files/iTrueLightPaper.pdf
Author By: lani123lani
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1220105
Eth Wallet: 0xaeC6B59a69a13FBea61AC87b27Cc50d8F594F923
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