IAME Identity (PreICO) Fragmented Identification For Blockchain

IAME is a blockchain company from Mauritius, the tropical island located off the eastern coast of Africa. The company is pioneering identity verification and data security for cryptocurrencies based around their decentralized fragmented identification system (“DFI”). DFI is the antithesis of conventional identification processes that require the wholesome data to be transferred from one party to another for identification to be conducted. Under DFI, the system fragments the data being shared within blockchain transactions into unintelligible pieces of data that are verified by a multitude of independent Third Party Validators. IAME takes the notion of data security a step further by making compromised information “hack-worthless”.

About IAME Identity

A decentralized identification system that would allow parties performing blockchain transactions to verify, on a primary level, the identity of each other without having to disclose non-essential sensitive personal information to the counterparties; and on a secondary level the source of the Cryptocurrencies in the transaction. Identification would be conducted by a multitude of independent third party validators, each verifying fragments of information that together would constitute a complete verification, such that only the original owner of the sensitive personal information retains her/his data in a wholesome and useful way.

The result of the identification process would be hashed onto a designated blockchain and made accessible on a public repository such that the identification status and source of the cryptocurrencies associated with specific blockchain addresses can be consulted, without compromising the unique identification data. 

Identity is based on a strong foundation of knowledge and character. It takes years of experience and results to create a dynamic identity on every platform. There are several factors on which identity depends in the world today. And Data is the only classifier of good and bad identity verification strategy. The current industry challenges are related to consumers' ignorance of the various privacy and identity preservation laws and regulations.

And many parts of the world still lack knowledge and laws about digital technology. Therefore, there is a great deal of confusion that leads to misuse of identity and data on the digital platform. The way in which the various technological aspects of the economy and life evolve requires greater awareness of the effects of identity theft. There is an urgent need for an open and transparent platform that can provide security for people's identities in the digital world. Do you think there is room for improvement in the current technological setup of digital platforms?

Solution offered

IAME IDENTIFICATION NETWORK develops the unique solution for the security and reliability of identity and data in the digital world. The fragmented identity algorithm is used to secure the identities on the various digital platforms. The algorithm works very efficiently. It breaks up the identity documents into many parts and distributes them to any third party. Various party validators confirm the availability of the authentic data. The client, an assignment server, a validation server, a writable blockchain, and an identity server are the core components of the IAME identification network.

There are two processes that are consistently performed on the platform; Validation process and identification process. Market demand and the cost of validation determine the value of IAM tokens in the network. Another algorithm proposed by the team for the third-party validation process is the test algorithm. It is a symmetric game model that promotes truthful validation.

The rewards and ranking system was created to bring openness and truth to the third-party validators. Good third party validators are rewarded and ranked better than the bad third party validators. The data repository created by the network can be used for multiple applications, such as e-commerce and financial services.

Financial

• Token IAM
• PreICO Price 1 ETH = 20,000 IAM
• Price 1 ETH = 10,000 IAM
• Bounty Available
• MVP/Prototype Available
• Platform Ethereum
• Soft cap 1,000,000 USD
• Hard cap 25,000,000 USD
• Country Mauritius
• Whitelist/KYC KYC
• Restricted areas USA

Conclusion

People are worried about the future prospects of many technologies. Identity loss is one of the biggest challenges in the current deployment of the technology environment. Anyone can become a victim of identity theft and lose the credibility of their digital life. People have become extremely cautious about the transmission of their data and information in relation to the latest technology platform. Securing digital identity is one of the main goals of many organizations.

The world needs secure digital technology that people can trust. Data is the most important element in the digital world, and if this platform is able to introduce a sustainable model of identity management, it would be the biggest invention of the digital world. I think their algorithm is perfectly consistent with data security. People need such a level of security to secure their identity and information. What do you think of the platform's different services? Are we ready for a decentralized identity management platform?

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