EVERID - Unlocking opportunity with identity

ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.

After my research, I found this project in which I really put my faith: EVER ID. 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.

EverID is a decentralized platform for a new economy, incorporating a massively scalable payment solution with a multi-currency wallet and digital + biometric identity. EverID has built a decentralized digital identity system to store and confirm user identity data, documentation and biometrics. The platform is available to all people from birth to death. It does not require a mobile device to join, is encrypted to protect the privacy of users and is interoperable with other systems. Everest has built a decentralized platform consisting of three components: EverID, a digital biometric identity system to store and confirm user identity data; EverWallet, a multi-currency digital wallet with built-in, document storage, and EverChain, blockchain-based transaction systems.

Everest aims to provide the means for those who have no proofs of identity to have one, it does so while taking privacy issues to heart. EverID is therefore developed to run on a decentralized platform. This will give individuals the power and the ability to control and manage their data. While pertinent information will be recorded and stored in the ID network, EverID can guarantee that no piece of information will be shared with anyone without the individual’s consent because everything will be moved by smart contracts.

EverID use cases

Cash Transfer
100% validation of money sent to biometrically verified users

Remittance
Easy, cost-effective way for banks to offer money transfer services

Micro-finance
Full solution to lend money to the billions of people and SMEs

ID verification
Verify users through biometrics, government IDs and third party attestations

Medical records
Manage documents hosted in the cloud or device, track healthcare for all

Land
Combine titles, GPS coordinates, and identities to bank and secure land

Micro-insurance
Collect documents, biometrically sign contracts to serve billions of users with or without devices

PROBLEMS

Unbanked
Without verifiable identity, individuals are unable to access banking to receive value or credit, preventing economic development.

Unverified
The inability to prove identity impredes access to basic human rights such as healthcare and education for over a billion people.

Unrealized
Lack of infrastructure surrounding identity and value transfer means major institutions are unable to develop in emerging markets.

SOLUTION EVER ID OFFERS

EverID is the world’s only device-free, globally accessible, digital identity platform. Through the use of digital identities, digital wallets, document management, and biometrics, users will be able to digitally verify their identity for public services and claim their social and economic rights.

How It Works

EverID has created a universal digital identity network that will raise the whole of humanity to the global market, providing access to a robust range of services to improve livelihood and promote economic development.

The identity network will be an autonomous, non-supportable, decentralized network, owned by no one, functioning forever and incorporating the principles of identification for Sustainable Development Goals (SDGs) 6 into its software.

It gives individuals the tools to manage and protect their own identity data through a decentralized identity platform and a value transfer solution based on blockchain technology.

Multiple types of biometric information for each identity are recorded and stored in the identity network. Legacy identity documents, including national identity cards, driver's licenses, passports, voter's identity cards, etc. are recorded, as well as third-party certificates by cryptographically signing these confirmations of claims.

If a person does not have the technology, an agent system allows them to be enrolled via the EverID Agent DApp. Public Access Devices (PADs) are used for EverID validation, use and update. PADs use a Software Development Kit (SDK) to add identity validation to devices for banking, government services, healthcare and more. The Bridge service allows a user to securely access his data and use it on another device that he does not own.

TOKEN AND ICO DETAILS

Total Token Supply – 800,000,000

Token for Sale – 303,685,341

Token Name: ID

Token price – $0.09

Accepted Currencies – BTC, ETH, USD

Hardcap – US$ 20,000,000

Pre-Sale – August 13, 2018

Min/Max Personal Cap – $10,000 /$2,000,000

USE OF FUNDS

TOKEN ALLOCATION

IDs are a utility token enabling access to the Identity Network and every exchange of value in the economy. Receiving payments is always free within the system, but users need to stake 1-100 IDs in their wallet if they want to send payments. Like within all large systems, the higher levels of data, complexity, visibility and targeting require a larger stake, up to 250,000 IDs. Institutions need to stake varying amounts of IDs to gain tiered levels of access and additional IDs for market-specific applications.

ROADMAP AND DEVELOPMENT PERSPECTIVE

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.