V-ID

V-ID

V-ID is a blockchain based validation platform that brings an end to the document fraud by enabling the users to register any file through the validation process and can freely verify the authenticity within a few seconds.

PROS:

1. The platform doesn’t save a copy of the  validated file and therefore easily complies with the GDPR guidelines hence eliminating any forgery
2. The platform has a strong team of a close group of people with diverse professionals  having  worked together for several years gaining the experience necessary for the project implementation
3. The platform helps in the validation of any digital file with maximum security optionally on site with a certified rotary present  to oversee the process ensuring that the process is smoother
4. The project implementation is cost effective  and fast as the recipients can verify the files in five seconds without an account from any device with an internet browser
5. The platform has an outstanding mobile application that enables different sectors to easily validate their digital files  and eliminating fraud
6. The platform white paper is simple and understandable with elaborate proven use cases of the  project in different sectors to curb fraud

CONS:

1. The initial value of the  V-ID tokens is not specified in the whitepaper
2. The V-ID tokens are not easily compatible and exchangeable with the commonly used cryptocurrencies and fiat limiting its extensive use in remote areas

SUGGESTIONS:

1. The platform token initial value should be determined and tabulated in the whitepaper to enable the users to know its suitability
2. The V-ID tokens should be made compatible with other commonly used cryptocurrencies and fiat to enable the protection of digital files even in the remote areas

CONCLUSION:

Through the use of blockchain technology the platform brings to an end the file fraud making it be applicable in different sectors. This is a viable project and I would invest in it.