ITRUE REVIEW
iTrue is a Blockchain as a Service solution with a built-in authentication system with biometrics as its core microservice, enabling enterprises and developers to build secure, scalable and extensible applications. The iTrue token ecosystem rewards users for sharing their data, and businesses for participating in the data and app marketplaces. Our innovative stone storage solution ensures high speed and capacity without sacrificing security and privacy.
The platform provides micro services as building blocks, which can be integrated into existing apps/systems of developers. Hence, developers do not need to develop an authentication service from scratch for their applications, as the iTrue micro services will fulfil this need.
FOR INDIVIDUAL USERS
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
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 enables developers to build their enterprise or consumer apps on top of the iTrue platform. Such apps can be listed on the iTrue Marketplace for businesses and users. iTrue’s new type of storage also ensures speed, security, and accessibility.
Tokenized Benefits
Microservice developers get token rewards whenever other developers build upon their existing microservices; Application developers get token rewards when their solutions are utilized by other enterprises or users in the marketplace or when they are requested to customize or fine-tune iTrue applications for enterprise end-users
Extensibility and Turing Completeness
iTrue microservices are building blocks that enable developers to more quickly design and deploy enterprise or consumer applications. Developers can also build their own microservices into the platform, which other app developers can also utilize in building their own services and apps.
THE PROBLEM THEY HOPE TO SOLVE
There is a growing demand for safe, efficient, and secure authentication systems, given the rise of online financial products and startup companies providing innovative digital services.
Services like cashless payment systems provide convenience and ease of transactions. Banks and fintechs are already exploring or implementing biometrics as a way to authenticate users.
Biometric technologies, however, do not give an assurance of secure and safe authentication on their own. User data can easily be compromised or misused with improper handling.
Users are therefore concerned about how businesses are using their data -- fintechs and online services may be collecting, using, and selling personal data for their own profit.
The combination of blockchain and biometric technologies will enable businesses to improve authentication through biometrics and eventually build and market their own applications on the iTrue platform and ecosystem. Reducing transactional friction through biometric authentication helps improve the user experience and enhance platform security at the same time.
With iTrue, users have complete control over their confidential personal data, and biometric authentication enables secure and seamless access to digital assets and even physical facilities, like a car or house. Since iTrue gives notifications where users’ data is being used, enterprises are able to integrate such privacy controls into their applications, thus helping businesses comply with the European GDPR regulations.
By implementing a blockchain approach, users and businesses are assured of a robust and scalable infrastructure wherein their records are secure and safe from data theft or misappropriation. Our solution is designed for high speed and capacity — overcoming the limitations of current blockchain tech.
iTrue’s ecosystem enables the creators to create own solution hub around customer privacy, safety, and security. We just want to empower or strengthen every single user, so that they can have control over his/her own data, how to make a profit from it and how it is used.
iTrue’s blockchain-as-a-service platform enables applications to integrate authentication independent of passwords, gadgets and plastic cards — all through microservices as building blocks. But that is just one part of iTrue.
The ITU token brings together individual and business users into a single ecosystem with unlimited opportunities for scalability, under a decentralized platform for identification and data storage.
The platform itself does not sell user data. Rather, it enables users, clients, and developers to benefit from sharing and utilizing data on the platform.
Developers can build applications that take advantage of microservices, such as identity verification and authentication. Users are informed about each request for their data, and they are rewarded when they participate in data-sharing activities.
Our primary service for authentication with biometrics can be the basis of projects by third-party developers who will be able to integrate their own features and solutions into the iTrue platform.
TOKEN INFORMATION
- 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
- Total soft cap – 7,500,000 USD
- Total hard cap – 40, 000,000 USD
- Payment accept – Ethereum
- Minimum investment – 100 USD
- Price of a single ITU – 0.01 USD
- Pre-ICO cost of 1 ITU – 0.006 USD
- Bonus- it is available to the users and anyone can participate in it
TOKEN DISTRIBUTION
ROADMAP
Q2 – Q4 2017
Identification of competitors and market analysis
Q4 2017 – Q2 2018
Development of technical specifications, project architecture and a system of automated human face recognition
Q1 – Q2 2018
Development of Stone storage: Fast and scalable like DB, immutable and transparent like blockchain
Q2 – Q3 2018
Development of APIs to connect microservices with Stone storage
July 2018
iTrue company registration in Hong Kong
GDPR took effect. iTrue architecture and its microservices are already designed in accordance with GDPR requirements
August 2018
iTrue subsidiaries registration in India and Lebanon
Filing form D 506 exemption notice for submission to SEC, opening the token sale for US accredited investors
Q3 2018
Development of mobile applications (iOS, Android) enabling the insertion of personal data to the blockchain network and face recognition for access to personal data Token Sale
Q3 – Q4 2018
Expansion to the Arab Maghreb Union, India and the CIS. Launch of 20 pilot projects in banking, insurance, surveillance, ecommerce industries
Opening iTrue community for third party developers; Opening the platform for third party microservices developers so they can build own microservices to expand iTrue platform functionality and community
Q3 2018 – Q1 2019
Development of a payment system and an IDV system to verify citizens of India, Bangladesh, Russia, Lebanon and Qatar
Q4 2018
Launch of the platform for Privacy Control and Data Sharing between Users and Clients. Users will be able to control their privacy and get tokens for its controlled data distribution to Clients
Q1 2019
Development of 5 additional microservices to make personal life and business processes easier and safer, available for integration to the projects of iTrue platform third party developers
Launch the platform for third party developers of applications so they can use iTrue and third party developers microservices by building enterprise/consumer apps and getting tokens on selling apps to Business and Users
Q2 2019
Launch of a fully-functional platform enabling Web 3.0 projects and DApps
Q1 – Q2 2019
Expansion to the countries of ASEAN. Launch of 50 pilot projects in banking, insurance, surveillance, ecommerce industries
Q2 – Q4 2019
Development of 20 additional micro services to solve day to day issues of Business and Users
Development of an IDV system to verify citizens of the China, Thailand and Indonesia
TEAM
SUMMARY
Dear reader, this is just a brief overview of the purpose, benefits and opportunities that can be gained from this innovative project. After reading this briefing, I am sure you will want to know more
For more information about this great project kindly click on the links below;
For more information about this great project kindly click on the links below;
Website Link : https://itrue.io
Whitepaper Link : https://itrue.io/files/iTrueWhitePaper.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=4721365
Facebook Link : https://www.facebook.com/iTrue.io
Twitter Link : https://twitter.com/Itrueio
Telegram Link : https://t.me/itrueio
Author By: NYONYG175
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2044942
Eth wallet: 0xF6505afA3dA59e702dBD00A1dE54be8B656ADCf2
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