A Global Platform for Frictionless Identity Verification
At present there are so many methods for the verification. But unfortunately they are too slow.So that most of the consumers and businesses have to spent their valuable time for verification process.
If we discuss about present identity verification process
it take several days or weeks. Sometime months. And also data stored in centralized locations are vulnerable to multiple and mass
data breaches & risk exposing the identity of the user. If we talk about
the security of present identity verification process, Personally Identifiable
Information (PII) is leaked at various stages in the ID verification process
which leads to unsolicited use. Same time there is a significant financial lose
because of present identity verification process.
To avoid above mentioned issues,
velix.id team have done the research and found a good solution. If I further
discuss about the advantages of their project the major advantage can be taken
as its Platform which does not store data in a central database .Making it
safe from mass data breaches. Simply call as decentralized. And also every user
of this project will receive a unique user ID which consist with 8-digit alpha
numeric ID that is easy to remember. If I talk about the trustiness each user
is in control of his or her own data at all times. Not only that by this
project Users can access services
easily and instantly without repeatedly requiring to sign-up or entering
identity information. Because of this facility it saves the valuable time of
every user and it improves customer experience. And if we compare present identity
verification process with this project we can understand that it saves money
and time very much. The cost for new customer acquisition and identity
verification comes down. The time spent in performing multiple signups,
gathering and verifying identity information reduces significantly.
There are so many key features of
velix.id project. Let me discuss them briefly.
User-Optimized
The Velix.ID
ecosystem is both time & cost efficient; the time and cost incurred in
verifying identities is reduced significantly both for users and businesses.
Transparent
Transactions
on the Velix ID blockchain can be seen by everyone. Verifiable authenticity
exists for every transaction made.
Obscure
Using
zero-knowledge-proofs, the latest in the blockchain technology, Velix.ID
blockchain ensures the privacy of transacting parties from other users on the
blockchain.
Decentralized
No
single point of failure can occur in the Velix.ID ecosystem; compromise of a
node(s) does not affect the rest of the ecosystem.
Secure
User’s
data is not stored with Velix. Even if Velix.ID systems are breached, it does
nothing to compromise the data of the User.
Universal
VXD
tokens globalize the platform by facilitating near-instant autonomous
transactions between anyone across the world irrespective of geographic
boundaries.
As I mentioned in above there are so
many advantages of this project.So it will be a successful project in near
future.so there is nothing to fear to invest on this project.At the moment
there initial coin offering has started and you can invest your money without
think twice.You can further study about this project through this
link https://www.velix.id I got to know about this good project via bountyhive.io web
site.And also u can get to know about this kind of good projects by this
website.
This is my refferel link of
bountyhive.io
If you are really intereting to invest
your money on a good project its time to join with bountyhive.io
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