iTRUE - Instant Access To Controlled Gains with Device-free iTrue Technologies

After my research, I found this project in which I really put my faith: iTRUE. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.

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.

With the growing demand for safe, efficient, and secure authentication systems, given the rise of online financial products and startup companies providing innovative digital services, iTRUE is here to provide solutions to the aforementioned problems.

ABOUT iTRUE

iTrue is a Blockchain-as-a-Service arrangement with an inherent authentication framework with biometrics as its center microservice, empowering undertakings and designers to fabricate secure, adaptable and extensible applications. The iTrue token ecosystem system rewards clients for sharing their information, and organizations for taking an interest in the information and application commercial centers. Our creative stone stockpiling arrangement guarantees fast and limit without giving up security and protection.

The combination of blockchain and biometric technologies will enable businesses to improve authentication through biometrics and eventually build and market their own applications on the iTrue platform and ecosystem. Reducing transactional friction through biometric authentication helps improve the user experience and enhance platform security at the same time.

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. The solution is designed for high speed and capacity — overcoming the limitations of current blockchain tech.

FEATURES OF iTRUE PLATFORM

Biometric authentication-
A system that recognizes the eye iris, hand veins, and facial functions with real-time detection when authenticating users to access large enterprise systems.

Stone Storage-
A unique data storage function, in which personal information is stored separately from the transaction record and can be divided into different levels and stages. This allows users to determine which information should be shared with which party, thus fully controlling sensitive information, but still enjoying the simplicity and convenience of biometric authentication.

API integration-
A new API for interaction between machines and people that does not require gadgets and can be used by the public, including commercial companies and new startups. The platform includes an authorized block chain with high speed of operations, certain levels of access to confidential information and the ability to build both geo-dependent and geo-independent services.

ID Verification (IDV) system that does not require data storage on personal devices. Simple KYC can be implemented through the platform iTrue. Users can go through the KYC procedure using their mobile phone, PC or an authorized partner terminal.

The recent upheaval of biometric solutions as security measures has indicated a favourable environment for implementation. For authentication purposes, the iris pattern will be taken by a special camera alongside the hand veins pattern extraction. These methods have reasonably involved the attention of many companies who are especially concerned about data security.

As part of its solution, iTrue will provide companies with an access to the platform through the API. On top of this, developers will be able to create their microservices and decentralized applications.

BENEFITS OF iTRUE

For Individual Users

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.

TOKEN AND ICO DETAILS

Token - ITU
PreICO Price 1 ITU = 0.006 USD
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

TOKEN DISTRIBUTION

60% For Sale
22% iTrue Foundation
10% Team
7% Advisors
1% Bounty

The ITU token brings together personal and commercial users into a single ecosystem with unlimited opportunities for scalability under a decentralized platform for identification and data storage. 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.

iTrue’s blockchain-as-a-service platform enables applications to integrate authentication independent of passwords, gadgets and plastic cards — all through microservices as building blocks. But that is just one part of iTrue.

ROADMAP AND DEVELOPMENT PERSPECTIVE

Q2 – Q4 2017

Identification of competitors and market analysis

Q4 2017 – Q2 2018

Development of technical specifications, project architecture and a system of automated human face recognition

Q1 – Q2 2018

Development of Stone storage: Fast and scalable like DB, immutable and transparent like blockchain

Q2 – Q3 2018

Development of APIs to connect microservices with Stone storage
July 2018

iTrue company registration in Hong Kong
GDPR took effect. iTrue architecture and its microservices are already designed in accordance with GDPR requirements
August 2018

iTrue subsidiaries registration in India and Lebanon
Filing form D 506 exemption notice for submission to SEC, opening the token sale for US accredited investors

Q3 2018

Development of mobile applications (iOS, Android) enabling the insertion of personal data to the blockchain network and face recognition for access to personal data
Token Sale

Q3 – Q4 2018

Expansion to the Arab Maghreb Union, India and the CIS. Launch of 20 pilot projects in banking, insurance, surveillance, ecommerce industries
Opening iTrue community for third party developers; Opening the platform for third party microservices developers so they can build own microservices to expand iTrue platform functionality and community

Q3 2018 – Q1 2019

Development of a payment system and an IDV system to verify citizens of India, Bangladesh, Russia, Lebanon and Qatar
Q4 2018

Launch of the platform for Privacy Control and Data Sharing between Users and Clients. Users will be able to control their privacy and get tokens for its controlled data distribution to Clients

Q1 2019

Development of 5 additional microservices to make personal life and business processes easier and safer, available for integration to the projects of iTrue platform third party developers
Launch the platform for third party developers of applications so they can use iTrue and third party developers microservices by building enterprise/consumer apps and getting tokens on selling apps to Business and Users

Q2 2019

Launch of a fully-functional platform enabling Web 3.0 projects and DApps

Q1 – Q2 2019

Expansion to the countries of ASEAN. Launch of 50 pilot projects in banking, insurance, surveillance, ecommerce industries

Q2 – Q4 2019

Development of 20 additional micro services to solve day to day issues of Business and Users
Development of an IDV system to verify citizens of the China, Thailand and Indonesia

Above you can see the roadmap — how the team sees their nearest and long-term future.

TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT

Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.