EVEREST: LEVERAGING BLOCKCHAIN POWER IN IDENTITY VERIFICATION

ABOUT EVEREST

According to recent U.S market report, over a billion persons on the globe currently don't have a verifiable identity. 2.6 billion persons live without a bank account, and near 5 billion don't have usage of a smartphone. Having less verifiable identity as well prevents people from accessing the global market.

EverID is tackling this issue by building up a decentralized computerized personality framework which will store and affirm client character information, documentation, and biometrics. It is making the personality confirmation process quicker and more savvy when contrasted with existing procedure. 

This is a decentralized platform for a new economy that is incorporating a massively scalable payment solution with a multi currency wallet and a digital biometric identity.

The main aim of the Everest platform is to create economic and social value system.

COMPONENTS OF EVEREST

The platform build a decentralized system that is basically made up of three components and this component include:

EVerID: This is a digital biometric identity system that stores and also confirm the users identity data. EVerWallet This is a multi currency digital wallet with a built in document storage.

EVerChain: This is a blockchain based transaction system.The Everest platform is a platform built form all human beings right from birth until death. It does not require a mobile device to join and it is encrypted to protect the users privacy. The platform is interoperable with other systems. Government ,institution and organization can cheaply validate the users identity at any time at a very cheap price. This platform is a disruptive product with an existing prototype.

The Everest platform combines EverID which works as a centric sel sovereign identity solution with EverWallet which is a transfer and document storage solution that is based on blockchain technology and the cryptographic underpinnings of the system.

THE EVEREST PRINCIPLES

The principles guiding the technical and governance design of the Everest platform reflect the principles for identification for sustainable development. The platform operates under the following unchanging beliefs and principles about identity information.

The system should be available forever.

All individuals should be included

If individual does not have access to technology ,the person should still participate.

All individual should be identifiable .

Information's about an individual should be stored in secure manner >Individual should possess and control their identity.

The individuals should be able to share their identity information's per interaction.

The system should be able to bridge other systems.

EVEREST USE CASE

Unlike other project without real case study, Everest has a real case study. EverID makes an all inclusive advanced personality organize that can convey the whole humankind to the worldwide market, giving a strong administration range to enhance the environment and advance financial improvement. The platform use cases are;

(1)Micro-Finance: The platform will offer a full solution to lend money to SME's as well as billions of people across the globe.

(2)Land: With the help of the Everest platform ,it will be possible to combines titles,identities to banks and GPS co ordinate to secure lands.

(3) ID verification: All the Everest users will be verified through a third party attestation ,government IDs and biometrics.

(4) Medical Records:. The Everest will enable a better management of medical records a d hosting of document in devices. (5)Cash Transfer:.. The platform will facilitate cash transfer between parties and then validate money sent 100%.

ICO & TOKEN INFORMATION

The initial coin offering aimed at raising funds for the development of the platform, to purchase the token you will need to use an ERC20 wallet.

Token Allocation 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.

Token symbol: ID

Token sake date--- Aug 13 2018--- oct 12 2018

Token price: 1ID --- 0.09$

Accepted payment method: Eth and btc

Hard cap--- 20,000,000$

CONCLUSION

Even though there are other project that focus on providing a seamless platform for identity verification, Everest seems to be the best because it created an EverID which is a centric identity system that bridges digital and physical worlds through individual biometric identity. It also have decentralized computing ,biometric,mobile devices and wireless networks that support wide spread adoption.

Visit the links below for more information

Website: https://everest.org/

ANN Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4756978.0

WhitePaper: https://everest.org/wp-content/uploads/2018/08/Everest_whitepaper.pdf

Twitter: https://twitter.com/everestdotorg

Author's Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2007250