VERIF-Y
In Verif-y, we believe that a strong and reliable digital identity is the fundamental building block of the blockchain universe, as well as many other industries and societies. Thus, we create our solution for identification over our reliable and commercially available authentication platform, which currently provides unique services to various organizations and users from around the world. Our identification solution will allow users to use their smartphones and PCs to ensure the accuracy, management and distribution of their digital identity at their discretion. Verif-y services protect personal information (“PII”), which makes us who we are in the eyes of many institutions.
In addition, we believe that data on studies and employment, as well as licenses, certificates and other records, should be controlled and owned by persons who earned them through hard work and huge costs.
Using Verif-y, people create a digital profile containing their professional and educational history. This is followed by an automatic check of each record, which is processed by several of our technology layers and sent for verification. Our ultimate goal is to transfer ownership and exchange of accounting documents and documents from third parties to persons who have earned them or who own information. Thus, Verif-y creates efficiency for all parties of the value chain: teachers, employers, individuals and others. The user wins because he or she can prevent inaccurate or false information provided to third parties without his / her knowledge and after verification, records are easily accessible to the user, with third parties of their choice. The recipient of the information takes advantage, since they can obtain all reliable reliable information about the user at a much lower cost than previously available. In addition, the recipient can instantly determine the legitimacy of the applicant’s credentials, which reduces the time and costs of processing, and in most cases eliminates the need for further verification.
Background — current problems with identification, credentials and employment verification
Our personal and professional information was stored and distributed outside our control as long as there is a data industry. In the 21st century, we live in an open, social world where PII constantly assembles, aggregates and sells to outside companies without the knowledge or explicit consent of individuals.
- Technological and technological challenges
- Forged credentials
- The current high cost of validating credentials
- Financial Regulations
- Identity fraud
How Verif-y addresses these problems:
Verif-y currently provides secure and encrypted technological innovations, which are very important for accounting and employment verification industries (among others). The Verif-y solution is cheaper, faster and more accurate than similar services offered by companies checking backgrounds, credit reporting agencies and other digital identification providers. Currently, there are no technologies to certify wallets, like Verif-y, that act as a verified repository for all jobs, educational, licenses and other members that can be easily and safely stored and shared by the user.
The Verif-y platform provides a reliable, reliable and real-time method of trust transfer by an individual to a targeted employer, financial institution, real estate broker or other consumer of such information. Fraud and false credentials are identified and not allowed on the platform, which reduces or completely eliminates the need for long and costly verification of credentials and audits.
Verif-y creates efficiency for all parties of the value chain: teachers, employers, individuals and others. Verif-y unites users — students looking for work, employees, legal persons (employers, teachers, license fees, certificate providers, etc.). Unique ways that were not previously possible, resulting in improved processing time, cost savings and reduction of uncertainty.
Employers, banks, educators and even governments can now get faster decision-making processes, increasing confidence, while using less resources at the same time. This saves time and money at the decision-making site and allows these organizations to be more effective and, where applicable, grow faster each time a decision is made.
Blockchain Technology:
Blockchains originate on platforms of crypto-currency, in particular Bitcoin, where they represent historical records of the checked monetary property. Cryptographic evidence replaces the need to use a trusted third party to authenticate transfers and resolve transaction disputes. Bitcoin was developed to solve the problem of double costs, that is, to establish a consensus in a decentralized network, who owns what and what has already been spent. Bitcoin was the first decentralized (Figure 1) crypto currency in the world, and today it is almost half (~ 60 billion dollars.) From the $ 150 billion crypto currency market. USA. Bitcoin provided a protocol that for the first time illustrated the possibility for two parties who do not trust each other, Perform transactions without using a central authority as an intermediary. The key point is that both parties involved in a transaction must only trust the underlying architecture (block chain or distributed book) that guarantees the security of the system. In the current banking system, “a certain percentage of fraud is taken as inevitable,” which increases the need for confidence in the system and, consequently, the emergence and popularity of various blockchain solutions.
Ecosystem and Verif-y’s product:
The Verif-y platform provides many powerful authentication and identification functions (for training, work, license or credentials) and provides tools for the safe storage and management of validated data. Using this process, Verif-y provides a platform for companies, schools and other organizations to reduce the cumbersome and time-consuming process of checking employment and educational achievements for current and past employees and students. In addition, the platform eliminates the need to maintain past records for years and provides a back office interface to manage and track employee licenses and other records that may change over time.
Verif-y is the only user-centric platform on which employers, teachers, certificate providers and individuals directly exchange automatically verified professional credentials. It is important to note that this is a user-controlled platform — this means that the user owns and controls his data, and access to the data can only be accessed by a third party if the user allows it. The employer may request that the user notify (or permit) access to his data, but the user always monitors and has the ability to restrict or disable access at any time.
DETAILS CROWDSALE:
- “Fallsal” will start on October 5, 2017 17:00 UTC.
- Pre-sale will begin on September 14, 2017, 17:00 UTC.
- The Fallsal will begin on October 5, 2017, 17:00 UTC.
Tokens and bonuses:
- Bonus for early bird: 20% — 30% depending on size
- Maximum total token; 3 000 000 000 VFY
- Max tokens are sold through pre-sale and a doll; 1,000,000,000 VFY
Distribution of tokens:
- Ed Zabar — Founder and CEO
- Bill Crean — Product Director
- Collin Connors — Director of System Operations
- John Chaisson Director of Business Development
- Chad Peiper. PhD — senior solutions developer
- Tammy Fudem — General Counsel
For more information visit the link below:
Official Website: https://www.verif-y.com
Whitepaper: https://verif-y.io/vfy-white-paper-1.0.pdf
Telegram: https://t.me/VFY_TOKEN
Facebook: https://web.facebook.com/
Twitter: https://twitter.com/YVerif
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1033626
ETH Address: 0x551FFf8a92742A6643fc0C144C946278330C9B08
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