Innovative Digital Services -iTrue

About iTrue Platform

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.

Problem area on iTrues target

With the growth of start-up companies offering online financial products and innovative digital services, there seems to be an increasing demand for secure and efficient authentication systems. However, biometric technologies themselves do not provide a secure authentication claim. User data may be easily seized or misused due to improper use. Users may be concerned about how they use company data for this reason. Because print-outs and online services may collect, use or sell personal information for their own gain.

In fact, 49% of US practitioners are concerned about seizing biometric data, while 35% are worried about the Bank’s access to this information. On the other hand, “face recognition” operations in Russia and neighboring countries are legal under surveillance, but the security of the system is also seen as a threat of high confidentiality, especially at risk. In Shanghai and Beijing, facial recognition is not only used by government security and surveillance, but also by private companies. Example: Fintech provider ANT Financial also uses biometric scanning in public areas such as the subway.

iTrue is the solution

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.

By implementing a blockchain approach, users and businesses are assured of a robust and scalable infrastructure wherein their records are secure and safe from data theft or misappropriation. Our solution is designed for high speed and capacity — overcoming the limitations of current blockchain tech.

The iTrue Token Ecosystem

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.

Our primary service for authentication with biometrics can be the basis of projects by third-party developers who will be able to integrate their own features and solutions into the iTrue platform.

Jack Cheng, CEO of iTrue, said the number of new businesses offering online enhanced services, such as digital financial products, has grown rapidly due to reliable systems and efficient authentication requests. ITrue’s core development team has developed a comprehensive solution that addresses the gaps in how these companies use their customers’ data. ITrue will enhance user authentication and privacy by combining biometric, block and sophisticated database technologies. In addition, developers will be able to directly create distributed applications in a variety of ecosystems.

ITrue’s technical expert, Anton Goroshankin, has stated that modern block products have found a way to solve strategy problems, combine database and block chain. As a result, iTrue is a stable and scalable infrastructure that protects user data from misuse or data theft. Other important benefits of this ecosystem are:

Provide full control over private personal information
User data tracking
Ensuring compliance with the privacy policy
Non-centralized application health assessment of enterprise privacy settings.

The main purpose of the project is; Create a global ecosystem that enables businesses, developers, users and customers to leverage data sharing in a decentralized application market. With this platform, users can share data with other users, businesses, and data providers who need it. Each participant receives an ITU token award.

To ensure that every user has control over their own private data, iTrue will tell platform members how their data is used and how it can be earned. In addition, the platform complies with the privacy rules, and the user is informed of any data request so that he can approve the request.

The iTrue system will help developers develop solutions based on critical privacy, security and security factors. Thanks to its innovative identification features, users at Kryptogeld do not have to worry about security. Not only do developers create a decentralized solution that eliminates the need for fraudulent programs, they also ensure that your transactions run quickly, efficiently, and securely.

Token Sale

The token economy ensures a fair and legal framework for exchanging and storing data, wherein users, developers, and businesses are rewarded for playing a part in the ecosystem.

Information of tokens:

Token name: iTrue (ITU)

Nominal price: 1 ITU = US$ 0,01

Total amount of released tokens: 8 billion ITU

All the unsold tokens: will be burnt by the smart contract

Token type: ERC20

Token Distribution

60% For Sale

22% iTrue Foundation

10% Team

7% Advisors

1% Bounty

Tokens issued to the team are on hold by a smart-contract for a period of 1 year. Tokens issued to advisors are tranched: 25% can be immediately used upon issue, while the rest will be put on hold by a smart-contract for a period of 1 year.

Roadmap

Follow our roadmap as we build our scalable solution with a brand new type of storage that leverages the power of both blockchain and database models, and is at full-capacity as per Turing completeness model.

Q2– Q4 2017

Identification of competitors and market analysis.

Q4 2017 – Q2 2018

Development of technical specifications, project architecture and a system of automated human face recognition.

Q1 – Q2 2018

Development of Stone storage: Fast and scalable like DB, immutable and transparent like blockchain.

Q2 – Q3 2018

Development of APIs to connect microservices with Stone storage.

July 2018

iTrue company registration in Hong Kong.

GDPR took effect. iTrue architecture and its microservices are already designed in accordance with GDPR requirements.

August 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.

Q3 2018

Development of mobile applications (iOS, Android) enabling the insertion of personal data to the blockchain network and face recognition for access to personal data

Token Sale

Q3 – Q4 2018

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.

Q3 2018 – Q1 2019

Development of a payment system and an IDV system to verify citizens of India, Bangladesh, Russia, Lebanon and Qatar.

Q4 2018

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.

Q1 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 apps and getting tokens on selling apps to Business and Users.

Q2 2019

Launch of a fully-functional platform enabling Web 3.0 projects and DApps.

Q1 – Q2 2019

Expansion to the countries of ASEAN. Launch of 50 pilot projects in banking, insurance, surveillance, ecommerce industries

Q2 – 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.