EverID

UPIk05

INTRODUCTION

Of the 7+ billion people on Earth, over 1.1 billion1 still lack any form of legal identity,1.52 billion cannot prove their identity, close to 1.73 billion are without a bank account, and 5 billion do not have a smartphone or access to digital wallets.Identity verification is an obstacle to growth in emerging markets as it prevents people from accessing formal economic services, such as banking, insurance, and lending. Ultimately, this significantly limits the number of people who can access the economy, and thereby stalls economic development at the institutional level.As the mainstream economy continues to digitize, it will not just be the ‘unbanked’and ‘unverified’ that struggle to join economic systems. A device-free, universally accessible, digital identity provides the opportunity for the entire world to join the global economy.

What is EverID

EverID has developed a distributed digital identity system to store and verify user, document and biometric ID data. This platform is available to all humans until they die from birth. This does not require a mobile device, is encrypted to protect your personal information, and works with other systems. Organizations, businesses and government institutions can quickly validate user identities in a cost effective and inexpensive manner.

Using EverID
cash
100% of remittances to validate biometric user verification
Remittance
The bank offers a low cost remittance service
Microfinance
A complete solution to lend money to billions of people and small businesses
Identification
Medical data
Country
Microinsurance Services

Creating opportunities through identity verification

More than a billion people worldwide today do not have identifiable identities. 2.6 billion people live without bank accounts and 5 billion people can not access smart phones. The combination of these factors impedes investment, entrepreneurship and institutional development in emerging markets. A lack of verifiable identities also prevents individuals from accessing the global economy. Nearly half the world’s population accounts for 20% of the world’s GDP, accounting for 40% of the world’s economy.

Authorization through identity

EverID is a universal identity and value exchange platform with no tools to prove its identity, save value, and remittances. It uses a general biometric and unchanged general ledger that enables value exchange between government, banks, NGOs, insurance companies, hospitals and other organizations. Reduce fraud and spill. Making ID verification more profitable on a larger scale than before.

EverID Network

EverID is a user-centric, self-sovereign identity and value transfer solution based on blockchain technology and the cryptographic underpinnings of that system. The core focus of the EverID operating company is to create economic and social value.

Institutions, corporations, and government organizations can effectively, cheaply and quickly validate user identity, at scale.Value can then be transferred securely, to the correct recipient, with reduced transaction costs, lower losses from leakage, as well as innovations in service and value transfer. EverID facilitates verification of users by multiple third-parties and allows the secure transfer of value between members of the system.

EverID Core Smart-contracts

Using the Solidity smart-contract framework for Ethereum blockchains, EverID is

built on top of five main core smart-contracts:

EverID Creation and Management
EverID Validation
EverID Transaction
EverID Remote Management
Organizational EverID

EverID Creation and Management – the smart contract used to create and evolve an EverID on the platform. This smart contract requires the user’s public key, user’s EverID datagram, the user’s UserName, the user’s Password, and the user’s PIN. This smart contract is written to the EverID ID Blockchain and includes a pointer to the IPFS Storage Array URIs where the user’s EverID Datagram has been stored, a hash of the EverID Datagram for integrity checks, and the creation time as a shared secret.

How does it work

EverID has created a universal digital identity network that will raise the whole of humanity to the global market, providing access to a robust range of services to improve livelihood and promote economic development.

The identity network will be an autonomous, non-supportable, decentralized network, owned by no one, functioning forever and incorporating the principles of identification for Sustainable Development Goals (SDGs) 6 into its software.

It gives individuals the tools to manage and protect their own identity data through a decentralized identity platform and a value transfer solution based on blockchain technology.

Multiple types of biometric information for each identity are recorded and stored in the identity network. Legacy identity documents, including national identity cards, driver’s licenses, passports, voter’s identity cards, etc. are recorded, as well as third-party certificates by cryptographically signing these confirmations of claims.

If a person does not have the technology, an agent system allows them to be enrolled via the EverID Agent DApp. Public Access Devices (PADs) are used for EverID validation, use and update. PADs use a Software Development Kit (SDK) to add identity validation to devices for banking, government services, healthcare and more. The Bridge service allows a user to securely access his data and use it on another device that he does not own.

The principles of Everest

All individuals can be included without a smart device.
The individual will own and control their identity.
Identity information will be shared selectively and be resilient against attack.

Token ID and Identity Network ecosystem

ID is a utility token that allows access to the Identity Network and any exchange of values in the economy.
Receiving payments is always free in the system, but users need to save 1-100 IDs in their competition if they want to send payment.
As in all large systems, data rates, complexity, visibility, and higher targeting require greater ownership, up to 250,000 ID.
Institutions need to risk varying number of IDs to gain access levels and additional supplemental IDs

The EVERID Token

IDs are a utility token that allow access to the EverID network and the applications and services built upon it. The 800 million issued ID tokens will be purchased by banks, governments, NGOs, large organizations, and users (i.e. remittance senders) that want to access EverID’s network. Institutions are given varying levels of access to the platform based on how many tokens they hold while users will not be required to hold IDs in order to receive value.

A device-free digital identity would empower almost 5 billion people to become part of the global economy, thereby facilitating external investment in emerging markets. Universal and inclusive identity will be the catalyst for trillions of dollars worth of transactions, value transfers, and identity verification costs.

Value of Identity