Biometrids’ platform is an online ID on the blockchain that uses machine learning for facial recognition. With facial recognition, it is possible to verify people are who they say they are. Biometrids solves one of the biggest issues today faced in the blockchain ecosystem and in life. Biometrids is a decentralised ID that uses the blockchain to identify people. The usage of the blockchain assures everyone is anonymous, but
still valid to conduct transaction with one another. By using the API connected to the Biometrids platform, any service can adopt our ID protocol into their system, and force people to use the Biometrids ID to improve the security of knowing the their customers are transacting with genuine people.
With Biometrids’ platform, it is possible to achieve the following:
Biometrids, the identities will be anonymous but still trusted. The system will give people who do not have access to an ID the opportunities to identify them. There are many countries where this
is a major problem. The Biometrids platform will solve the problem of identity and help prevent identity fraud, all this by using facial recognition.
With Biometrids’ platform, it is possible to achieve the following:
- Make sure that people are who they say they are.
- Deal with impostors and prevent identity fraud.
- Opportunities to identify themselves, even in countries where this is not possible at the time being.
- Give people the ownership of their own ID.
- Help blockchain services that faces the identity problem.
- Remove the middleman for identification
2016
2017
2018
2018
2019
2020
2021 and onward
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Summary
We think that Biometrids is a good ICO for users who want to get their ID recognized without having their data stolen. If implemented correctly, we can see the ICO doing a lot more in the future and helping us obtain the best ID verification possible. Competition is high in this area and we’ve seen several very similar ICOs.
Positives
Identification: With blockchain technology, Biometrids gives users the ability to view their ID and be verified within seconds.
Company Usage: Companies can use Biometrids to help gauge if their employees are legitimate and reputable. Since everyone has a unique ID, its impossible for fraudulent users to get involved.
Negatives
ID Authenticity: How will the system know if an ID is fake or not? What if the system makes mistakes in this manner.
MVP: We want to see a product form of this ICO. It doesn’t have one, and it would help increase their overall credibility.
Biometrids is a facial ID verification platform that aims to provide decentralized, anonymous ID verification on the blockchain. You can add your facial data to the database, where it can be verified by smart contracts. Individuals or organizations can use Biometrids to verify your facial data. Biometrids also plans to release an API that allows their platform to be integrated with wallets, banks, and other online services.
