Distinguished residents of the dear crypto monetary world, I would like to examine the Hong Kong-based Itrue Ico project for you in this article.
Itrue is a blockchain-based solution with a built-in micro-auditory authentication system that aims businesses and developers to build secure, scalable, and extensible applications
Problematic area of True's destination
Given the increase in start-up companies that offer online financial products and innovative digital services, there is a growing demand for secure, efficient authentication systems. However, biometric technologies do not guarantee secure authentication on their own. User data can be easily intercepted or misinterpreted for improper use. Users are therefore concerned about how businesses use their data; The Fintek and online services may collect, use or sell personal data for their own earnings.
Indeed, 49% of those operating in the United States are concerned about the capture of biometric data, while 35% are anxious that the bank has access to this information. On the other hand, "face recognition" is legal in Russia and in the surrounding countries as part of the surveillance activities, but it is also regarded as a major privacy threat, especially if the security of the system is compromised. Face recognition in Shanghai and Beijing in China is not only used by state security and supervision but also by private companies. Example: Fintech provider ANT Financial uses biometric scanning even in public areas such as Metro.
Solution "Itrue"
The combination of blockchain and biometric technologies will enable businesses to improve their authentication through biometrics and ultimately create and market their own applications in the Itrue platform and ecosystem. Reducing transaction disputes through biometric authentication will help improve the user experience and also improve platform security.
With Itrue, users will have complete control over their confidential personal data and can provide safe and uninterrupted access to biometric authentication, digital assets, and even physical facilities such as a car or home. With the blockchain infrastructure, users and businesses will ensure that their records are on a secure infrastructure to protect against data theft or misuse.
Itrue Token Ecosystem
Itrue's service-based platform enables applications to integrate authentication independently of passwords, gadgets, and plastic cards. The Platform will not sell user data. It will allow users, customers, and developers to share and use the data on the platform.
Developers will be able to create applications that leverage microservices such as authentication. The data will be notified to users about each request and rewarded with itrue tokens when they participate in data sharing activities.
Itrue combines biometric identification and blocks to increase the confidentiality of any process that users create. Itrue Limited will develop an extraordinary platform for an innovative approach to how companies are creating non-centralized applications. The Itrue solution will be implemented as a blocking service with the built-in biometric data validation system. The non-centralized platform will support user authentication for developers and businesses, the creation of new chain networks, and the ability to receive rewards for users after an honest data exchange.
Ico and Token information:
The token to be used under the project will be Itrue token based on the ERC-20 standard. The token's Tickerı will be ITU. The total number of tokens is 8 billion. 60% of them are reserved for token sales. Price is determined as 1 ITU = 0.01 USD.
The project's Soft Cap target; 7.5 million dollars; The Hard-Cap target is 40 million dollars.
General Rating:
The Itrue platform has already acknowledged that the biometric authentication service is integrated into the large commercial network of the European Trade Center and will become a real test of this technology. While operating at one of Russia's largest entertainment and shopping centers, Itrue is expected to provide better security for Europe and increase user privacy.
Website: https://itrue.io
WhitePaper : https://itrue.io/files/iTrueWhitePaper.pdf
Ann: https://bitcointalk.org/index.php?topic=4721365
Twitter: https://twitter.com/Itrueio
Facebook: https://www.facebook.com/iTrue.io
Telegram: https://t.me/itrueio
My Profile:
https://bitcointalk.org/index.php?action=profile;u=1324582
My Ethereum Address:
0x4fc8D738B506c2c157752531fab32105BbE05b23