If you think you're impervious to financial scams , think again. Fraudsters are an ever present threat, stealing your personal information and exploiting your weaknesses to get access to your money and account information.
There are various types of financial scams happening in today's world but the most common one's identified are listed below:
- Tax Scam
- IRS Scam
- Banks Scam
- Investment Scams
- Online Dating Scams
- Money Transfer Scams
- Credit Card Scams
These scams are to just list a few out of thousands which happen on a daily basis and has become a major problem which everyone is facing today. The main reason how these scams are able to perpetuate and flourish is because of the online Identity theft that takes place continuously.
"Today Identity Theft is a $200 Billion market where scammers earn heavily by stealing your Identity."
Since the time blockchain has been developed and has come into this Internet Industry people have been trying to find out ways or create one as to how to incorporate blockchain to solve this menace of Identity Crisis, until now.
Velix.ID has come up with a perfect solution to tackle this menace of identity theft and eliminate it from the world. Velix.ID has incorporated the blockchain technology to create a platform that will enable frictionless identity verification across the globe. This will enable the user to keep control over its identity and with whom does he/she wants to share it with.
Velix.ID has created a platform which is decentralised and does not store any data. This gives the user confidence to share his/her identity as it knows that he/she is the sole authoriser of the identity which it wants to share or not.