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iTRUE - Future of Decentralized digital Identity


Introduction
iTrue is a blockchain based platform which is providing decentralized and scalable solutions to the businesses where they can improve the security of their applications and bring security to their customers’ data. The aim is to enable everyone to have control over their personal data, how it is used and how to earn profit from it. They are providing solution as Blockchain-as-a-Service (BaaS) with built-in authentication system to biometrics where enabling businesses to build secure and scalable applications. This platform rewards users for sharing their data and businesses for participating in the data and app marketplace.
Problem
The problem is in current centralized system which leads to failure many times where authentication data is stored on a central server which can easily be hacked or stolen.
Passwords are unsafe and inconvenient where users are being forced to use complicated passwords which sometimes make them too lazy that they use either weak passwords or strong one and it leads to unsafe.
Development of better authentication is very costly where enterprises spend almost maximum of their IT budgets in developing secure authentication methods to their systems and applications.
Here, users don not have control over their data where they did not know where his/her data is being used and it leads to misusing.
The plastic debit/credit cards are very expensive and unsafe for the environment.
Solution
The solution where iTrue is come up with the decentralized platform which reduces the risk of security breach and failure with the help of blockchain technology.
Instead of passwords they are using biometrics which is a faster and more secure system for authentication.
Here, enterprises can build iTrue authentication right into their apps where it reduces time & costs which makes easier user identification and authentication.
Users have full authority and control over their data, they are fully informed where their data is being used.
At last, they are providing cardless solution that does not rely on gadgets which can help reduce e-waste.
Issues
There is a developing interest for sheltered, proficient, and secure confirmation frameworks, given the ascent of online money related items and new businesses
Services like cashless installment frameworks give comfort and simplicity of exchanges. Banks and fintechs are as of now investigating or actualizing biometrics as an approach to confirm users.
Biometric advances, notwithstanding, don't give an affirmation of secure and safe confirmation all alone. Client information can without much of a stretch be endangered or abused with ill-advised taking care of.
Clients are in this manner worried about how organizations are utilizing their information - fintechs and online administrations might gather, utilizing, and offering individual information for their own benefit.
SOLUTIONs
The mix of blockchain and biometric innovations will empower organizations to enhance verification through biometrics and in the long run assemble and advertise their own particular applications on the iTrue stage and biological system. Lessening value-based contact through biometric verification enhances the client experience and improve stage security in the meantime.
With iTrue, clients have finish control over their classified individual information, and biometric confirmation empowers secure and consistent access to advanced resources and even physical offices, similar to an auto or house. Since iTrue gives warnings where clients' information is being utilized, ventures can coordinate such protection controls into their applications, along these lines helping organizations consent to the European GDPR directions.
By executing a blockchain approach, clients and organizations are guaranteed of a strong and versatile framework wherein their records are secure and safe from information robbery or misappropriation. Our answer is intended for fast and limit — defeating the confinements of current blockchain tech.
The iTrue Token Ecosystem
iTrue's blockchain-as-a-benefit platform empowers applications to incorporate confirmation autonomous of passwords, contraptions and plastic cards — all through microservices as building squares. In any case, that is only one a player in iTrue.
The ITU token unites individual and business clients into a solitary biological system with boundless open doors for adaptability, under a decentralized stage for distinguishing proof and information stockpiling.
The stage itself does not offer client information. Or maybe, it empowers clients, customers, and designers to profit by sharing and using information on the stage.
Engineers can construct applications that exploit microservices, for example, personality confirmation and validation. Clients are educated about each demand for their information, and they are remunerated when they take part in information sharing exercises.
Our essential administration for validation with biometrics can be the premise of tasks by outsider engineers will's identity ready to coordinate their own highlights and arrangements into the iTrue stage
iTrue User's Benefits
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
iTune Business Benefits
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 empowers designers to assemble their venture or purchaser applications over the iTrue stage. Such applications can be recorded on the iTrue Marketplace for organizations and clients. iTrue's new sort of capacity likewise guarantees speed, security, and availability.
Tokenized Benefits
Microservice engineers get token prizes at whatever point different designers expand upon their current microservices; Application engineers get token prizes when their answers are used by different ventures or clients in the commercial center or when they are asked for to tweak or calibrate iTrue applications for big business end-clients .
Extensibility and Turing Completeness
iTrue microservices are building hinders that empower engineers to all the more rapidly plan and send undertaking or customer applications. Engineers can likewise incorporate their own microservices with the stage, which other application designers can likewise use in building their own particular administrations and applications
For Developers
Time-to-Market and Scalability
Access to iTrue microservices empowers designers to assemble their venture or Customer applications over the iTrue stage. Such applications can be recorded on the iTrue Marketplace for organizations and clients. iTrue's new sort of capacity likewise guarantees speed, security, and availability.
Tokenized Benefits
Microservice engineers get token prizes at whatever point different designers expand upon their current microservices; Application engineers get token prizes when their answers are used by different ventures or clients in the commercial center or when they are asked for to tweak or calibrate iTrue applications for big business end-clients .
Extensibility and Turing Completeness
iTrue microservices are building blocks that empower engineers to all the more rapidly plan and send undertaking or customer applications. Engineers can likewise incorporate their own microservices with the stage, which other application designers can likewise use in building their own particular administrations and applications
Token Sale
Information on tokens
Token name - iTrue (ITU)
Nominal price - 1 ITU = US$ 0,01
Total amount of released tokens - 8 billion ITU
All the unsold tokens - will be burnt by the smart contract
Token type - ERC20
Contribution conditions
Minimum payment - US$ 100
Maximum payment within the first 7 days - US$ 100 000
Maximum payment from day 8 - unlimited
SoftCap - US$ 7.5 million
HardCap - US$ 40 million
The aim of iTune foundation is motivating and rewarding developers to come onboard the iTrue platform, thus helping in enhancing scalability in terms of expansion to new markets. Tokens of the iTrue Foundation given to developers will be put on hold by a smart-contract for a period of 6 months.
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