iTrue is a Blockchain-as-a-Service solution with a built-in authentication system with biometrics as its core microservice, enabling enterprises and developers to build secure, scalable and extensible applications. The iTrue token ecosystem rewards users for sharing their data, and businesses for participating in the data and app marketplaces. Our innovative stone storage solution ensures high speed and capacity without sacrificing security and privacy
Our team has been building IT infrastructure for commercial and service companies since 2006. We have developed secure payment platforms and fraud monitoring systems that are compliant with industry standards such as PCI DSS.
More than a decade of experience in IT Security made us realize that a single point of failure can result in security breaches. These include theft of passwords, plastic cards, and mobile phones. Non-intuitive authentication methods are also slow and inconvenient, resulting in inadequate and inefficient use.
More importantly, we have encountered concerns about how user privacy is being violated when their personal data is traded or sold in the name of profit and supposedly improving acces
The combination of blockchain and biometric technologies will enable businesses to improve authentication through biometrics and eventually build and market their own applications on the iTrue platform and ecosystem. Reducing transactional friction through biometric authentication helps improve the user experience and enhance platform security at the same time.
With iTrue, users have complete control over their confidential personal data, and biometric authentication enables secure and seamless access to digital assets and even physical facilities, like a car or house. Since iTrue gives notifications where users’ data is being used, enterprises are able to integrate such privacy controls into their applications, thus helping businesses comply with the European GDPR regulations.
iTrue’s blockchain-as-a-service platform enables applications to integrate authentication independent of passwords, gadgets and plastic cards — all through microservices as building blocks. But that is just one part of iTrue.
The ITU token brings together individual and business users into a single ecosystem with unlimited opportunities for scalability, under a decentralized platform for identification and data storage.
The platform itself does not sell user data. Rather, it enables users, clients, and developers to benefit from sharing and utilizing data on the platform.
Developers can build applications that take advantage of microservices, such as identity verification and authentication. Users are informed about each request for their data, and they are rewarded when they participate in data-sharing activities.
Benefits iTrue
For Individual Users
- Privacy - Users have full ownership of their data, and have full control over where their data is shared
- Confidence - User data is stored on a decentralized platform and never on local devices, thus ensuring better protection against failures or data theft
- Ease of Access - Biometric access means never having to memorize a password again, and never having to rely on a gadget like a smartphone or credit card
- Participation in Data Economy - Individual users can get benefits when they willingly provide data to clients and businesses that require it, in the form of tokens or other rewards
For Businesses
- Automation - Blockchain-as-a-service comes with authentication platform and reduces the need to build one from scratch, particularly the ID verification
- Compliance with Regulation - Tokenized data sharing mechanism informs users and seeks authorization before any data is exchanged, thus complying with regulatory frameworks like GDPR
- Data Exchange - Contractors who traditionally collect and process data can exchange existing data with other contractors who may hold their own data. To ensure privacy, such data sharing will still require user permission
- Customized Applications - Business gain access to both turnkey solutions and developer-customized applications right within the iTrue platform
- Time-to-Market and Scalability - Access to iTrue microservices enables developers to build their enterprise or consumer apps on top of the iTrue platform. Such apps can be listed on the iTrue Marketplace for businesses and users. iTrue’s new type of storage also ensures speed, security, and accessibility.
- Tokenized Benefits - Microservice developers get token rewards whenever other developers build upon their existing microservices; Application developers get token rewards when their solutions are utilized by other enterprises or users in the marketplace or when they are requested to customize or fine-tune iTrue applications for enterprise end-users
- Extensibility and Turing Completeness - iTrue microservices are building blocks that enable developers to more quickly design and deploy enterprise or consumer applications. Developers can also build their own microservices into the platform, which other app developers can also utilize in building their own services and apps
For Information
Website: https://itrue.io/
Whitepaper: https://itrue.io/files/iTrueWhitePaper.pdf
ANN: https://bitcointalk.org/index.php?topic=4721365
Twitter: https://twitter.com/Itrueio
Facebook: https://www.facebook.com/iTrue.io/
Telegram: https://t.me/itrueio
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