velix id cryptocurrency

Velix.ID

(Identity)
A Global Platform for Frictionless Identity Verification

Token Sale Info:

  • Ticker: VXD
  • ICO End: May 15th, 2018
  • ICO Token Price: 1 VXD = $1.00 USD
  • Bonus: Yes
  • KYC: Yes (Singapore Restricted)
  • Token Type: ERC20
  • Accepts: BTC, ETH, XRP, LTC
  • Soft Cap: $2,500,000 USD
  • Hard Cap: $23,800,000 USD
  • Total Token Supply: 100,000,000
  • Tokens For Sale in ICO: 35%

Abstract

The personal identification information of an individual has grown leaps and bounds in the last three decades, but the methods of verification have not quite caught up. While recent innovations like the United Nation’s ID 2020 initiative, New Zealand Government’s RealMe, Sweden’s BankID and Indian Government’s AADHAAR Card are attempts at simplifying this process; they all lack in protecting the privacy of the concerned individual. The primary reason why a disruption in the identity-verification (IDV) space has not yet happened is the lack of a tested/proven trust-framework on which all institutions, globally, can rely on for sharing the costs and liability of identity verification. Velix.ID aims at bridging this gap by building a universal, obscure, transparent, decentralized, timeefficient, and cost-efficient ecosystem for identity verification.

The Velix.ID Users

  • IDENTITY HOLDERS
  • Everyone among the 7 billion people of this world would classify as identity holders in the Velix.ID ecosystem. All identity holders on the Velix.ID ecosystem possess a unique Identity number to which all of their data will be associated. Any individual can use Velix.ID for their identity verification. The identity holders on the Velix.ID ecosystem can ask an organization to verify their identity on the Velix.ID Blockchain. The verified identity can then be shared with any other organization through Velix.ID, however, Velix.ID will not store any of this information. All of the identity holder’s information will be kept secure with the identity holders themselves, guaranteeing their privacy.
  • VERIFIED-IDENTITY SEEKERS
  • The organizations who need an individual’s verified identity, but do not want to invest time and money in verifying the identity themselves, can use the Velix.ID ecosystem as Verified-Identity Seeker. If the identity of an individual has already been verified by an organisation, the process does not have to be repeated by other organizations to verify the same identity again. The authorization/consent of the User is, of course, mandatory for this exchange to be made between the two organizations.
  • VERIFIED-IDENTITY PROVIDERS
  • Any institution or business that engages in the process of verification of identity related information of an individual or a business qualifies to be a Verified-identity Provider on the Velix.ID blockchain. These can be educational organizations, banking institutions, multinational companies, businesses or even government organizations.

The Velix.ID Blockchain

All operations on the Velix.ID blockchain are executed by calling functions on smart contracts.

Smart contracts on the blockchain, also called self-executing contracts, are computer codes with an ability to automatically enforce obligations and terms of an agreement without requiring an intermediary — essentially relegating control to a computer program — a very important requirement for establishing any kind of trust framework among parties who don’t otherwise trust each other.

A Velix.ID Smart contract is essentially an automated agent that lives on the Velix.ID network, has a Velix.ID address and balance, and can send and receive transactions. A contract is "activated" every time someone sends a transaction to it, at which point it runs its code, perhaps modifying its internal state or even sending some transactions, and then shuts down. 


Team & Advisors:

Manav Singhal

CEO & CO-FOUNDER

Balwant Singh

CTO & CO-FOUNDER

Neer Varshney

HEAD OF PARTNERSHIPS

Shivam Mehan

HEAD OF OPERATIONS

Tony Simonovsky

MARKETING ADVISOR (CEO & FOUNDER, INSIGHTCRYP.TO)

Mickael Fourgeaud

INVESTMENT ADVISOR (CEO & FOUNDER, PRIMABLOCK)

Mohit Kalra

STRATEGIC ADVISOR (CEO, COINSECURE)

Prof Simon Choi

LEGAL ADVISOR (FOUNDING PARTNER, ACME ARDENT)


Twitter Feed:

2 days ago
We gladly announce that our CFO, Somorin Roy, will be speaking at HashCon meet-up #1.0. The #event is being conducted by @bfi_india and is going to be held on 28th September 2018 at WeWork Platina Tower, Gurugram.
RSVP today and book your seat - https://t.co/gneeHACQ3C https://t.co/pEAPMkBtgV
velixID photo
3 days ago
Circumstances like these could be avoided only when there's an authentic https://t.co/yjmGjZuCat is revolutionizing the process of authentication by creating a decentralized identity verification platform.
Learn more - https://t.co/mKDwW5QcK1

https://t.co/Qobu9cz8p0
4 days ago
https://t.co/yjmGjZuCat in collaboration with Blockchain Foundation of India presents HashCon meet-up #1.0. Agenda of the meet-up will be - (Blockchain in General)
“Understanding The Frontiers of Blockchain Technology”
Book your seat at - https://t.co/gneeHACQ3C https://t.co/BxwkHU3D1L
velixID photo
2 weeks ago
#UIDAI comes under trouble since the news came out of the #AADHAR maintenance platform being #hacked.
The #centralized database has again become #vulnerable.
A #decentralized platform for securing a user's #identity is the need of the hour.
https://t.co/CqG85SyyOK
2 weeks ago
https://t.co/yjmGjZd1iV App has taken a makeover. With the latest updates and user-friendly features, it's going to be awesome.
Stay tuned and download the app now - https://t.co/UUJ2qx8yY5

#VelixID #VelixIDApp #AppTeaser #Velix https://t.co/jZwMs79f9e
velixID photo

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