IAME - Decentralized Identification System Built For Blockchain Ecosystem

https://iame.io/

IAME is decentralized identification system that would allow parties performing blockchain transactions between two parties without having to disclose non-essential sensitive personal information to the counterparties and the source of the Cryptocurrencies in the transaction. Existing methods of identification are not perfect, because to pass the test, you have to share data with a certain number of counterparties, and the more such counterparties with data on a person, the easier it is to identify it. But this organization of the issue eventually creates a network in which each node - the counterparty - is a potentially vulnerable link. Sometimes it even happens that the counterparty has to transfer information about a person to third parties, and then this network grows exponentially. In general, there is a breach of security measures. The Functionality of the IAME Identification Network would principally serve Blockchain P2P transactions, however, usage would be extensible to merchant transactions and financial institutions in the provision of blockchain related services.
he IAME platform will help to solve this problem. IAME is a decentralized identification system that allows the parties to blocking transactions to check on the initial level the identity of each other without disclosing to the counterparty the unimportant confidential information, and at the secondary level the origin of the crypto currency in the transaction.
The basis of the platform identification network will consist of the following elements:
• client
• distribution server
• verification server
• blockage with identification result from all validators
• identification server

Operating the IAME identification Network, a functional token has to be issued, known as the IAM token. This token would operate as a validation token to initiate confirmation requests for validation packets on the IAME Identification Network. Parties would spend the token through the IAME Identification Network client and after the deduction of equivalent blockchain hashing costs, the balance of IAM tokens would be paid out as reward to third-party validators who operate the validation processes on a for-profit basis. When IAME is used, a process will be performed to check all the information provided by the user for compliance with the unit and whether it was guaranteed by the identification network.
The platform provides a mechanism for rewarding validators. For this mechanism, two methods have been developed: token remuneration and node ranking system:

1. Token remuneration system distributes the IAM-token pool to third-party validators upon completion of the fragmented validation process (by analogy with the mining process)
2. The ranking system. In a nutshell: validators with a higher rating get more tokens, which indicates their ratings.
   ICO Project details:
   • Token: IAM
   • Pre ICO Price: 1 ETH = 15,000 IAM
   • Price: 1 ETH = 10,000 IAM
   • Bounty: Available
   • Platform: ETH
   • Soft-cap: 1,000,000 USD
   • Hard-cap: 25,000,000 USD
   • Country: Mauritius
   • Whitelist/KYC: None
   • Restricted areas: None
   Encryption and conventional security measures can work only to the extent that counterparties that handle the information are secure. However, in an economy where the number of electronic transactions a person conducts is constantly increasing, the number of points of potential vulnerabilities

Fore More Information: 

• Website: https://iame.io/
• Whitepaper: https://iame.io/res/180301-IAME-White-Paper-en.pdf
• Telegram: https://t.me/IAME_identity
• Facebook: https://facebook.com/IAMEidentity
• Twitter: https://twitter.com/@iameidentity

AUTHOR: Vionaa

My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1663173