iTrue - Instant Access to Controlled Gains with device-free iTrue technologies

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

What is iTrue 

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.

There is a growing demand for safe, efficient, and secure authentication systems, given the rise of online financial products and startup companies providing innovative digital services. Services like cashless payment systems provide convenience and ease of transactions. Banks and fintechs are already exploring or implementing biometrics as a way to authenticate users.

More than half of e-commerce cart abandonment is due to forgotten passwords(49%) or forgotten debit/credit card details (59%) underscoring the need to improve authentication measures. 49% of the users in the US are concerned about their biometric data being compromised, while 35% are worried about their bank having access to the information. Facial recognition in surveillance is legal in Russia and other countries, but is considered a major privacy threat, especially if the security of the system is compromised.

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.

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

For Developers

• 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

rudin_x666

https://bitcointalk.org/index.php?action=profile;u=1219485