iTrue provides Self-Sovereign Biometric Identity for Decentralized Web.
1. “Self-Sovereign” also known as self-ownership is the idea that people should own their own data.
Using iTrue, businesses cannot just freely use data from users, they must request the data and the user must consent to this usage. Users are rewarded each time they decide to share data with a business but it is a voluntary sharing of data.
2. “Biometric Identity” means we can offer face identification online and offline (i.e. visitors to trade centers, hotels, conferences, taxis, etc. so businesses know when to reward or punish someone in case they misbehaved).
3. "Decentralized Web", also called web 3.0, is the next generation of internet as a p2p network built around blockchain technology. We want to give control of data back to its rightful owners.
We also want to make sure our platform is secure by having no single point of failure where hackers can steal or tamper with data.
Technology
At the core of iTrue’s platform is blockchain and facial recognition technologies.
We are tackling data security issues head on with our state-of-the-art Stone Storage solution, a distributed database that enables users to store information without the need for a centralized server as it’s based off of blockchain distributed ledger principles.
Personal information on our Stone Storage solution is stored separately from its record of transaction and can be divided into different levels and categories. This allows users to decide which information to share with which party, putting users in complete control over sensitive information.
We are taking data security to the next level by securing information using biometric technology. Users must successfully verify their identity by scanning their face or eye iris in order to access their stored data.
iTrue is a Blockchain-as-a-Service (BaaS) platform with a built-in system for user authentication with biometrics and unmatched privacy controls. iTrue empowers enterprises and developers to build secure, stable, and extensible applications. With iTrue, individual users can earn rewards for sharing their data. Business users can also earn from participating in the data and decentralized app marketplaces.
iTrue addresses the age-old problem of blockchains that severely limit functionality and extensibility. With iTrue at the core, any kind of module can be connected through APIs, and such modules can be written with any programming language, unlike Ethereum, which is limited to Solidity and whose smart contracts rely on limited bytecode.
iTrue’s BaaS combines the advantages of blockchain and database, which results in fast processing speed and unlimited data capacity. This results in a robust search capability, which is unmatched by any blockchain solution today. There is virtually no restriction on the size and type of stored data, as there is no volume increase in geometric progression with the addition of any new block -- a limitation that restricts existing blockchains.
What Solutions Does iTrue Provide?
iTrue addresses three major pain points for three main groups of people.
For developers: iTrue gives the ability to build decentralized applications on top of the iTrue blockchain and Stone Storage solution. Apps and smart contracts can be written in any programming language. Stone Storage provides unmatched processing speed and data capacity, overcoming the transaction and storage capability of purely blockchain solutions.
For users: iTrue gives complete ownership and control over their personal data. Biometric authentication gives seamless access without the need for devices or gadgets.
For businesses: iTrue provides improved compliance to privacy regulations like GDPR. Through the data and app marketplaces, business users can either gain access to meaningful data, or earn by building decentralized apps.
What Makes iTrue Unique?
For users, iTrue is a personal gadget-free technology, which means authentication can be done without the need for a smartphone, key, or even a password. This gives seamless hands-free access to services, unhampered by cumbersome devices, whilst still protecting a user’s security and privacy.
For businesses and developers, iTrue’s Stone Storage offers unprecedented processing speed and data capacity, which leads to a robust search capability while providing high levels of security and privacy to user data.
Why Should I Invest in iTrue?
The ITU token economy brings together individual and business users into a single ecosystem with unlimited opportunities for scalability, all under a decentralized platform for identification and data storage. By investing in the ITU utility token today, you can have an early advantage in the ITU token economy and access controlled gains whether as a business, a developer, or a user.
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Founder Of BlockConnectors.io (Top Blockchain Advisory Firm In Asia) | Consulted 20+ ICOs | Marketing Expert Rated on Aug 6, 2018 Modified on Nov 5, 2018
5
4
4
21%
Data market is a big one and i think this will work in the real application world. Will revise rating once KYC is done and team pics are uploaded
The iTrue token ecosystem rewards users for sharing their data, and businesses for participating in the data and app marketplaces.
Executive Director | Project Lead | Developer | Influencer | Advisor | Blockchain Lover | Influencer | Strategy and Vision Execution Rated on Aug 29, 2018 Modified on Sep 17, 2018
5
4
3
19%
Great team.
Good shiny white-paper with detailed competition analysis and business & technical information.
Already have a great partners on their website but couldn't find detailed authentic information or PR about them.
I kind of liked the concept but many projects doing/did similar so not much fancy investing unless I see a eye catchy developments or some innovation out of the box! Soft cap and Hard cap are definitely too high!
[Update] Team has contacted me multiple times on LinkedIn and Emails - provided sufficient information and cleared my questions. But I still believe that just providing biometric (face recognition) authentication isn't sufficient! Will update product rating after I see MVP.
ICO Advisor | Investor | Analyst | CEO - MoneyDrome Edge - London Rated on Aug 31, 2018
5
5
5
14%
The iTrue project is very innovative as it not only focusses on biometrics on blockchain (BaaS), it also adds Dapps development, device-free operations, GDPR compliance and privacy control as well as data monetization (for users providing their data to companies) and therefore differentiates itself from the competition significantly. Their unique "Stone Storage" gives businesses and users alike an ultra-safe and secure data storage facility using blockchain. Establishing a token system for sharing data with participating businesses and creating a Dapps marketplace is very appealing to companies that want to enter into the Blockchain space. View the above, iTrue vision truly deserves a 5 star rating.
The Baas (Blockchain-as-a-service) concept and iTrue concept are very innovative, however there is competition out there. By providing additional services and facilities, as well as focusing on the user-experience, iTrue differentiates itself with a USP that sells, hence 5 stars for the product.
The iTrue team is solid and all bases are covered with plenty of expertise and talent, deserving a 5 star rating as well.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
Development of technical specifications, project architecture and a system of automated human face recognition
3
Q1 – Q2 2018
Development of Stone storage: Fast and scalable like DB, immutable and transparent like blockchain
4
Q2 – Q3 2018
Development of APIs to connect microservices with Stone storage
5
July 2018
iTrue company registration in Hong Kong.
GDPR took effect. iTrue architecture and its microservices are already designed in accordance with GDPR requirements
6
September 2018
iTrue subsidiaries registration in India and Lebanon.
Filing form D 506 exemption notice for submission to SEC, opening the token sale for US accredited investors
7
October 2018
MVP: facial recognition system and Stone storage. Users can register their faces and log into account without passwords. Blockchain storage that comply with GDPR.
iTrue joined the Bancor Network. iTrue will integrate the Bancor Protocol and follow specific guidelines for creating a Smart Token to offer ITU token.
8
Q3 2018 - Q1 2019
Token Sale
9
Q4 2018 - Q1 2019
Expansion to the Arab Maghreb Union, India and the CIS. Launch of 20 pilot projects in banking, insurance, surveillance, ecommerce industries.
Opening iTrue community for third party developers; Opening the platform for third party microservices developers so they can build own microservices to expand iTrue platform functionality and community
10
Q4 2018 - Q2 2019
Development of a payment system and an IDV system to verify citizens of India, Bangladesh, Russia, Lebanon and Qatar
11
Q1 2019
Launch of the platform for Privacy Control and Data Sharing between Users and Clients. Users will be able to control their privacy and get tokens for its controlled data distribution to Clients
12
Q2 2019
Development of 5 additional microservices to make personal life and business processes easier and safer, available for integration to the projects of iTrue platform third party developers.
Launch the platform for third party developers of applications so they can use iTrue and third party developers microservices by building enterprise/consumer dapps and getting tokens on selling dapps to Business and Users
13
Q3 2019
Launch of a fully-functional platform enabling Web 3.0 projects and DApps
14
Q2 – Q3 2019
Expansion to the countries of ASEAN. Launch of 50 pilot projects in banking, insurance, surveillance, ecommerce industries
15
Q3 – Q4 2019
Development of 20 additional micro services to solve day to day issues of Business and Users.
Development of an IDV system to verify citizens of the China, Thailand and Indonesia
