IAME has been created as a decentralized identification platform which runs on the block-chain. The system will permit taking part in a blockchain deal to identify the ID of one another with no need to disclose unnecessary facts.
To gain this, the platform fragments info to an un-intelligible point and with the support of 3rd party validator identifies every fragment of info. The summation of the identification leads to done ID verification. However, just the actual owner retains the wholesomeness of their information.
About IAME (IAM)
The main issue lawmakers’ face when considering of integrating virtual money into the actual economy is the capability to verify holder of assets. Lawmakers need to be capable to know where you’re getting the virtual money and who it’s you’re transacting. When the BTC was being made, these issues were never considering through. Though, BTC’s the block-chain has remained the model architecture of entire other existing plans that apply the blockchain.
The creators of IAME platform are of the opinion that if the issue of verification is never resolved, bulk integration might never occur. This is because lawmakers forever oppose everything that doesn’t permit them to verify the source and field of funds. Most lawmakers believe that virtual money is a hotbed of currency laundering because of tracing the holder is so hard.
The IAME plan expects to change entirely that by making a new platform of verification. In the present financial system, verification takes place through a procedure of wholesome surrender of individual data. The platform was made a decade ago in an effort to fight currency laundering. However, it’s not connected to the presence of virtual money.
The Current Challenge
The applying of present verification on protocols on the advanced block-chain is not well matched with the ideals of decentralization. Though, the rule of anonymity is at odds with narrow needs for anti-money laundering regulations. Thus, there’s a need to get to a compromise. This’ll able the 2 sides to come to a symbiotic being where everybody gets what they require.
Solution That IAME Proposes
To land a working solution, the IAME platform suggests reinventing the verification procedure. Thus, it advises an adjustment from a wholesome it to a fragmented platform. There’ll be clearly verified topological areas, which can be applied as a mark of entry of lawmakers. The IAME platform will thus seek out to resolve the problem of anonymity without stopping the block-chain revolution.
By making a fragmented verification system, consumers of the block-chain can be capable to validate their address with no having entrusted sensitive data to each party with that they interact. However, it can remain help lawmakers confirmation user to make sure they’re not connecting to money laundering.
ICO details:
• Token: IAM
• Pre ICO Price: 1 ETH = 15,000 IAM
• Price: 1 ETH = 10,000 IAM
• Bounty: Available
• Platform: ETH
• Soft-cap: 1,000,000 USD
• Hard-cap: 25,000,000 USD
• Country: Mauritius
• Whitelist/KYC: None
• Restricted areas: None
Further info :
Official website: https://iame.io
Whitepaper: https://iame.io/res/180301-IAME-White-Paper-en.pdf
Facebook: https://facebook.com/IAMEidentity
Twitter: https://twitter.com/@iameidentity
Telegram: https://t.me/iame_identity
Author Kembartapibeda
https://bitcointalk.org/index.php?action=profile;u=1909517
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