Velix.ID goes for taking care of the issues of monetary costs, time utilization, protection, and security worries in the Identity Verification Space by presenting a decentralized Ecosystem for Identity Verification that puts the two Users and Businesses at favorable position. Such a stage is client streamlined (i.e. time and cost effective), decentralized (does not store information in any focal database), straightforward (the validness of exchanges can be checked by anybody), secure (regardless of whether Velix.ID frameworks are ruptured, it does nothing to bargain the User's information), cloud (the Users' protection is ensured constantly), and general (close moment ID confirmation without land confinements).
Velix.ID expects to wind up a biological community for all partners in the IDV business — by offering an open, secure, solid and trusted blockchain savvy get that can turn into the base of a trust-system subscribable by every one of the partners; regardless of whether character holders, confirmed personality suppliers or the checked character searchers.
THE VELIX.ID BLOCKCHAIN
All activities on the Velix.ID blockchain are executed by calling capacities on shrewd contracts.
Keen contracts on the blockchain, additionally called self-executing contracts, are PC codes with a capacity to consequently authorize commitments and terms of an assention without requiring a delegate — basically consigning control to a PC program — an essential prerequisite for setting up any sort of trust system among parties who don't generally believe each other.
A Velix.ID Smart contract is basically a computerized specialist that lives on the Velix.ID organize, has a Velix.ID address and adjust, and can send and get exchanges. An agreement is "actuated" each time somebody sends an exchange to it, and soon thereafter it runs its code, maybe adjusting its interior state or notwithstanding sending a few exchanges, and afterward close down. The highlights of SmartContracts on the Velix.ID Blockchain can be summed-up as takes after:
Computational all inclusiveness contracts can execute any capacity that anybody may need an agreement to execute, and restrictively convey tokens to individuals in light of the consequence of the estimations.
Estimate all inclusiveness contracts can exist for a self-assertively drawn out stretch of time and have discretionarily numerous members.
Top notch subject property-contracts can send and get VXD tokens, make exchanges (possibly to different contracts), read the condition of different contracts and even make different contracts themselves.
Independence The agreement is consented to by the User autonomously; there are no contacts to affirm the assention. The execution is overseen naturally by the system, as opposed to by at least one, potentially one-sided, people who may fail.
Fast and Cost-effective The nonappearance of a contact implies decreased expenses, since the contact will generally must be paid. The utilization of a product code rather than the contact likewise diminishes the time taken to process the reports.
Security and Privacy-The reports are on an open record in a scrambled shape. This guarantee Privacy (since the information is mysterious), yet in addition Security since the information exists on various hubs, and can't be lost, regardless of whether a solitary hub is traded off.
Token Distrubution
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