BIOMETRID SECURED INNOVATIONS
Overview
Identification has been very important for centuries. Since internet breakthroughs, it is even more important with identity verification because digital identity is born from the internet, and has become a daily use. Digitalization of identity not only alters the verification process, it also increases complexity due to issues such as identity theft, money laundering, financial crime, hacking, terrorism,
etc.
Sample case:
1. About $ 16 billion has been stolen from 15.4 million US consumers in 2016. Over the past 7 years (until 2016) identity thieves have stolen about $ 107 billion from US consumers alone.
2. The fraud of British identity has more than doubled in the eight-year period (2008 – 2016), with 9 out of 10 identity cheats done online (see table 1). Especially young people are the main target of identity attacks.
3. By 2016, data records of 421 billion have been stolen. This is equivalent to 35 data stolen every second.
4. The latest survey (December 2016) reveals consumers are more worried about cybercrime than the evils of the physical world. Two major concerns are where financial losses and hackers take over their computers
5. Furthermore, 52% of internet users who have lost money due to cybercrime have not managed to get their money recovered.
Current identification problem on blockchain.
Identification is the process of knowing whether someone (or something)
really the person he claims. Authentication is the process of proving something is true, like a key or a password. The quality of authentication depends on the quality of identification and protection against counterfeiting.
Blockchain technology is an interesting technology, because they require the use of cryptographic keys to sign messages for each interaction. Interactions with blockchain-based systems require public key cryptography that can be used. In the current state of blockchain technology, key management and use of wallets has led to difficulties for non-technical users, creating an incoming barrier. Furthermore, the limitation currently under discussion in the market is the fact that distributed ledger technology can be an approach for stronger identification and authentication,
but not a real solution. People may use fake IDs, fake social media profiles, fingerprints of others, or fake names.
Biometrids Solusition
The open source blockchain technology provides an opportunity for decentralized certification authorities to verify. This can maintain the mapping and distribution of identity to a public key, such as a wallet. The next smart contract can act as an autonomous computer program, running predefined logic predefined in the blockchain system. Smart contracts help verify between the system and key management to ease the burden on the end user. Biometrics is a key feature, as every individual on the planet is born with a unique set of biometrics, providing a tamper-proof method to identify who they are uniquely. Biometric concepts include fingerprints, face, eyes, and even your voice. Combining it with blockchain makes perfect sense. Instead of having a fragile piece of paper, the information is recorded digitally on an unchangeable ledger, which can be used as an approach to safely record each identity in a system. It also offers privacy, since you alone can grant access to your ID and see who has accessed your ID and when. Furthermore, the blockchain is inexpensive and transparent, and throughout the present, has been shown to resist hacking.
PROPOSITION VALUE
The goal of biometrids is to be the number one supplier of secure and easy identity identities, by offering a decentralized P2P network, represented by blockchain technology. Use the Biometrids platform as an entry point.
Biometrids, a platform that solves identity problems on blockchain.
The Biometrids Platform lets people identify themselves with others using face recognition installed on their phones. By using a distributed ledger that does not change, everyone in the chain is unique. One face means one ID, and each ID is unique. If you are recorded in that chain once, you will never be able to manipulate that ID again or copy that ID. This will prevent identity theft and fraud, and will also ensure users are those they say.
Biometrids is a project based on the Ethereum blockchain.
The findings are very simple: our data and especially our data is very sensitive in today's world. You can make them fly, hack or ... You can also face scammers who will run with fake identities to play dirty tricks.
WhitePaper teaches us for the UK, identity theft has doubled for 8 years, with 90% online fraud. The amount of data stolen during massive "silent" firings at large companies is staggering. Just as millions of online are stolen to private individuals.
There is a solution but only limiting the damage. But we are still in the era of nicks and passwords. In short mine gold mine is open to hackers.
Another problem is that many people on earth do not have documents that prove their identity. More than a billion ... And this continues, many births are still unrecorded.
Biometrids share the observation that centralized systems operate (poorly) as silos. And this system has too many errors.
Biometrids propose a clear-cut solution on paper: to take the best of what comes and what's there, face recognition and blockchain. The combination of these two elements can solve all current problems related to identification and authentication.
The transparency, flexibility and reliability of Blockchain etiquette can no longer be demonstrated. This is the perfect opportunity for the Biometrids project. Decentralized authorities are able to map the identity, and certify it or not. The Smarts contract offers the ability to check between the system and key management that mitigates the user's burden.
But after I think this is more interesting. Biometrids propose to combine blockchain with our facial biometric properties to create an inviolable ecosystem.
Indeed, their goal is to develop face recognition technology far enough so that no one can pretend to be you, and therefore your confidential data and your access to your bank account or payment site is secure. You can also ask your companion to authenticate, as part of a transaction, to confirm his identity and that he is not trying to deceive you.
Facial recognition can not be wrong. It will scan the various features of your face: eyes, mouth, chin, etc. To make it simple, all this translates into numbers. You will have your photo already in blockchain. When you authenticate, the platform will compare the photos you just took with those recorded in the blockchain. The algorithm will start the calculation: close to 1 with your good, close to 0, not you ...
WhitePaper clarifies the technical elements very clearly and I invite you to read them if the subject interests you. Will be available in French soon.
APIs and Systems
Source: https://biometrids.io/
Biometrids is building a platform that can be used by other blockchain projects. This could be a wallet, a bank, a company, a real estate partner, and more. If the wallet developer wants to use the system, they just apply the API.
After that, you can use your face to get into your wallet and you will be able to pay it directly. The day shop has applied a lot of wallets, so it’s very easy to make payments. Just scan your face and receive the requested payment. And off you go.
The same process will be used for public services. If you are stopped by the police, then simply scan your face and they can read your SIM on their device.
The following is a description of the API and Biometric System
ROADMAP
2017 Q1 and Q2. - January – to June – discussions and market studies.
- Q3 Development of concept. Find solutions to build systems.
- Q4 PRE-ICO and ICO PRE-ICO 25 November to 1 December
- ICO December 16 to January 13.
2018
- Q1. Preparing the foundation and recruitment process. Start developing phase 1.
- Q2. Adopted for exchange.
- Q3. Stage beta stage 1. Testing with the community. Creating models and design architecture for phase 2 – Communities meet, where we discuss ideas, current plans, future plans, and what has happened since the end of the ICO.
2019
- Q2. Beta version of stage 2. Testing with the community.
- Q3. Create model and architecture design for stage 3
- Q4. Release stage 2 and start developing stage 3. Community meet
2020
- Q1 – Q2. Beta version of stage 3. Testing with the community. Create model and design architecture for stage 4.
- Q3. Product assembly and full test. Partner with new services to use our API.
- Q4. Stage 3 release. And start on the stage 4.Komunitas meet
2021 and so on
- Q1. Stage 4 development, and final release of
- platform Biometrids.
- Q3. The final release of the Biometrids platform, so all partners can use it.
- Q4. Community meet
TEAM
ADVISORS
For more information please visit the link below:
author:salsa24
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