Verif-y Blockchain-based Powerful Identity for the Digital Economy



Hello Everyone, come back again with my article. at this time I will share an article about Verif-y.

Oke Check this Out!!

Verif-y’s platform operates on a technology stack conceived and designed to leverage the attributes of the blockchain, and built to be operated securely and intuitively. Verif-y’s platform supports two types of PII, Identity Verification (“IDV”) and Credential and Employment Verification (“C&EV”) data. When users and organizations are introduced to Verif-y’s platform, they are assigned a Personal Identity Verification (“PIV”) or Organization Identity Verification (“OIV”) score respectively, which evolves as more records and other identification methodologies are associated with their identities.

Verif-y is pleased to introduce VFY, the only token that powers trusted identity 
built from verified credentials on the blockchain.

VFY will be available through a token pre-sale scheduled for September 14, 2017 and a crowdsale open to the community The crowdsale opens on October 5th, 2017 17:00 UTC 
and closes on October 30th, 2017 17:00 UTC.

How does Verif-y work?

Verif-y’s platform receives uploads of verified credentials from the awarding institutions and places them in the appropriate user’s repository. Users control who can see their verified credentials and determine what sections of their repository will be made available.
Why use Verif-y?

Verif-y provides individuals with a competitive advantage in the job market, as users can provide their independently verified credentials and employment history directly to credential requestors, instantly and securely.

VERIF-Y APP — SAMPLE PROFILE


IDENTITY NEEDS ARE CHANGING 

Verif-y’s aim is to give its users the power to own, manage and communicate their digital identities and verified credentials as well as to give entities an interface and layer of trust to provide and request PII data. Importantly, with Verif-y, all communication of PII is exclusively governed by the users, something not available until now.

VERIF-Y PROTECTS INDIVIDUALS’ DATA 

The Verif-y platform employs Next-Generation Defense-in-Depth methodology to support and secure the industry’s first end-to-end validation of education, employment, license, certification and membership credentials and the resulting digital identity. The strength of the digital identity generated by Verif-y’s process is high, given that the identity is generated in an organic manner — comprised of unique identifying data, stored on the blockchain and resulting in a new paradigm for securely storing and accessing PII. This new digital identity can then be utilized for identification purposes outside of the employment and educational markets, such as online login authentication, formal identifications (IDs), physical access and many more applications.

Verif-y’s app and supporting platform have been live since April 2017 and available for download on iOS and Android devices.

As identity is one of the pillars of a successful and ubiquitous blockchain implementation in many industries, Verif-y’s highly robust and differentiated identity solution can become an essential part of this global, fundamental transformation.
Example of a Smart contract


  • 1. A user selects record(s) they want to share from their profile.
  • 2 The smart contract oraclizes the share request through Verif-y’s secure, off-chain, API which sends the request to a web API.
  • 3. Verif-y’s platform provides a secure interface for the third-party recipient of the shared record(s) to submit a Verif-y app-token payment prior to viewing such shared record(s).
  • 4. Following payment, the third-party securely accesses the shared record(s).
  • 5 . The platform then notifies the user that the third-party has viewed the share, and a percentage of the cost of the service is forwarded to the user’s token wallet. The contract is then closed.

IDEA

The idea is innovative for the crypto world. The product is highly demanded by the market. The successful implementation of ETH tokens will create a revolution in both crypto and a traditional economy.

Token Distribution
  • 40% of the Tokens to be available in Token sale
  • 25% of the Tokens to be used for marketing, adoption and promotion
  • 35% of Tokens will be reserved for future use
  • 20% will be made available now
  • 40% will be locked for 12 months
  • 40% will be locked for 24 months
  • Any bonus tokens will be issued from the company reserve.
GOOD TEAM

The Verif-y management has decades of collective experience.

• Team members have launched and run multiple technology startups.
• Financial industry expertise, including: investment banking, venture capital, fund management, high frequency 
trading.
• International management and operations expertise spanning: United Kingdom, Israel, China, Singapore and MENA 
region.
• Legal and management expertise at multiple Fortune 500 companies.

Team Members include:
• Ed Zabar Founder and CEO 
• Bill Crean Director of Product
• Colleen Connors Director of System Operations 
• John Chaisson Director of Business Development
• Chad Peiper. PhD Sr. Solutions Architect
• Tammy Fudem General Counsel


Our experienced, diverse and global advisory team include:

• Paul Booth 
• Dang Jin-yi
• Lewis Larson
• Shoshana Loeb
• Kirk Philips
• Adam Schwartz
• David Schwartz
• Neal Trieber
• Gil Tsabar
• Lior Zysman

So it is the article about Verif-y, I hope you participate in this project.
Ff you are interested in this great project, you can visit the official Bebsite below...


WEBSITE :
WhitePaper :
ANN Thread:


Posted By : Argiyan.Tri
Bitcoin Talk Profile : https://bitcointalk.org/index.php?action=profile;u=1031949
My Eth : 0x6a95D0C986f2F8028Cb97376EE4F22bd4353dBB5

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