V-ID

How to validate these documents if you dont have a big data to verify them?

Many KYC now uses manual process to validate these documents so I wonder whether you need blockchain technology to do this?

Even the softcap is low but this makes me feel concerned of its ROI and how investors can benefits from their investment?

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Updated: adjusted my rating a bit after reading the team responses. Although these responses are not adressing my concerns but some of them are clear now. Good luck

Solid business team. Would like to see more blockchain developers.
Great articles on medium; and good presence on social medial.
Loved the concept of maintaining document Id on blockchain - simple nothing else. There are other projects who does lot other things including document verification.
Great MVP does exactly what it suppose to do.
Good luck team.

It is very interesting idea but there are lot of competitor already in market. You need to make a big database of people already using system for this to be successful. Team need to spend a lot of money in marketing this. There is no MVP as well. Best of luck team.

Although the project brings a great idea on board, there is a lot of existing players in the market. The team would need plenty of resources for the marketing and advertising. I don’t think there is a real need for blockchain technology in this project. Waiting eagerly for the MVP. Good luck to the team.

Update: I was contacted by the V-ID team and I got the chance to try out their MVP. The ease-of-use and UI is top notch, hence I am updating the ratings here.

V-ID is a very interesting project and has great potential, especially when it reaches critical mass and wide-spread adoption. The one factor that should be considered is V-ID acceptance and validation in court, and more specifically, in jurisdictions around the world. This project is innovative and could achieve great success, hence 5 stars for vision.

As mentioned in the V-ID white paper, there's another ICO - Civic - doing something similar with regards ID and documents validation and that could present a challenge in the near future. As V-ID is already established and revenue positive with customer traction, it gives V-ID the comparative advantage. First mover advantage plays a big role as once networks effects have permeated the V-ID blockchain system by a significant number of participants, the tendency is to stick with the same system. Adoption, usage and court legality need to be re-considered in a "borderless" environment which will be challenging, therefore 4 stars for product.

The team appears to be very experienced
(15-20+ years) and each has extensive expertise in their own domain. Already having 2 lawyers on the team is very useful with regards to V-ID validation and acceptance as well as court legality and admissibility. Two advisors is in my opinion not sufficient enough and should include some more outside expertise and talent to strengthen the advisor board. Taking into consideration team talent and expertise, a 5 stars is given for the team. Good luck to the V-ID team !