meyshella: V-ID Blockchain Powered Validation

About V-ID

The V-ID validation service uses blockchain technology to end all document fraud. Our client base, with customers like Airbus Space & Defence, operates in various fields, including education, medical, research and tech.

As an existing company specialized in secure communication tools, V-ID envisions a future as a supplier of API's to seamlessly integrate blockchain validation services into any other system or platform. In this way V-ID will transform into a market leader in file fraud protection, just like SSL has become for secure internet connections.

INTRODUCTION

V-ID is the best candidate to become the de-facto standard solution for document fraud. The service utilizes generic and trusted principles to enable validation and verification for any digital file, of any publisher. This is possible thanks to the immutable and transparent nature of blockchain. V-ID is being developed by WIDIDI. WIDIDI employs its M16 Platform to execute their software projects. The issuing organization can register any file through the validation process of the V-ID platform, allowing each recipient to verify its authenticity within a matter of seconds and for free. V-ID does not save a copy of a validated file and therefore easily complies with the GDPR guidelines. Current users of V-ID include Airbus Defence & Space, European embryonic research institute ESHRE and optical fibre supplier Vitrumnet .

The service utilizes generic and trusted principles to enable validation and verification for any digital file, of any publisher. This is possible thanks to the immutable and transparent nature of blockchain. Among the first clients who currently use V-ID are Airbus Defense & Space, the European research institute ESHRE and optical fibre supplier Vitrumnet.

The video below explains the basics of how V-ID works in 90 seconds.

Funding will be generated through a large-scale Token Sale, in order to speed up development of the V-ID platform as well as facilitate market research and marketing.
The V-ID team consists of a close group of people with diverse professional backgrounds. Most team members have been working together for 10 to 15 years. The atmosphere within V-ID is very open, communicative and professional. V-ID is developed by WIDIDI, a software developer based in Zwijndrecht, Ridderkerk and London. WIDIDI has been developing the M16 Platform in-house since 2008. Based on this platform, WIDIDI has specialized in secure applications in recent years, specifically for shipping, industry, police and defense. The platform is continuously probed for potential sensitivities and cyber attacks. Independent third parties carry out the penetration tests.

V-ID will be used by any organization that wants to fraud-protect its digital files in a fail-safe way. Comparable to how certified SSL connections are currently used for websites.
V-ID is a service that uses blockchain technology to make fraud with digital files impossible. V-ID users can be divided into two groups: creators and receivers. Once a creator registers a file in V-ID, the recipient can verify this file’s authenticity.

The VIDT (V-ID ) TOKEN DETALS

The public Token Sale Event planned to commence of Sep 15th, 2018, is characterized by the following:
 Pre Sale start date: 15 Sep 2018
 Public start date: 15 Oct 2018
 Token Sale end date 15 Dec 2018
 Max VIDT tokens 100,000,000
 VIDT token price $ 0.20
 Soft cap: $ 1,000,000
 Hard cap: $ 8,000,000

The V-ID utility token is an ERC20 token that is used to identify wallet addresses (for issuers / validating parties) and is used as payment per validation.

Conclusion

The potential market for V-ID is virtually unlimited and growing rapidly. The worldwide digitalization ensures that paper file fraud is increasingly moving to digital file fraud.
The validation service is still new and unique. Currently, there is no organization that has already won any significant market share.

V-ID provides the simplest, most scalable and most generically applicable solution.
The V-ID service approach is not market or application specific and therefore has a very large potential to scale up and thus become the de facto standard.