Virtual IDs and a social network with a proof of identity – on one platform. The platform enables issuance, verification and usage of web identity across the family of specialized social networks such as a school network, shopping network and hobbies.
This decentralized platform allows users to control their data which promises to be the main fabric of web 3.0. The platform is built on top of the blockchain with utilization of state-of-the-art crypto technologies.
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i-v is an incentivized identity and a data marketplace platform. With this platform one can prove who he/she is and is entitled to without revealing too much information or showing an identity document.
This is especially vital if one wants to prove her identity in the digital/virtual world. Organizations can also check one’s suitability for certain service e.g. getting a loan by checking certain attributes related to his ID (e.g. credit score). Additionally, the platform calculates the trustworthiness of the digital identity by generating a trust score. Different trust score algorithms (custom or predefined/preset) can be used for different purposes. The trust/risk score is calculated on the basis of trustworthiness of different attributes based on attestations, social connections, provided proofs etc.
To boost adoption we have created a social network and incorporating an economic model for incentivizing the users to participate in more interactions as well as in the data marketplace controlled by smart contracts with an underlying native crypto token. For example, if a user is using the i-v identity to buy flight tickets, the airline might want to see additional information regarding her purchasing habits for their marketing purposes. If the user is willing to reveal this information, she’ll be compensated in tokens that could be further traded on the exchange for dollars or exchanged for other services.