Well in this world there are millions of people who are don’t have identity or cannot prove their identity and identity is the most important thing a person should have, and we present this Identity while opening bank account or buying share or even a common work. We all need identity and there are billions of people who do not have access to mobile phones or other type of technology.
So Everest has taken a great measure to provide identity to as it has created a decentralized platform and it has 3 parts which are Ever ID, Ever Wallet and Ever chain so these three components has three different functions such as Ever ID provides a biometric security system where people can store the data also the it can be used to confirm whether it’s the user or not. Then ever wallet is used to store digital currency and also documents can be stored and ever chain is used to perform all the transactions online. So in this Everest platform any user can join using laptop or tablet and not necessary to have a hand phone and there are few advantages using Everest.
Such as Ever ID is fast and cheap so any user can be identified in no time and ever Wallet is safe and secure because there has been recent fraud and leakage where 6.6 million$ has been lost so to make sure that no leakage or fraudulent is done ever wallet will keep it safe and secure. Then Ever chain is used to perform transactions and it can perform around 10 billion transactions every month.
Benefit of Everest Platform
- Cash Transfer: The platform intends to facilitate cash transfers between parties, validating the money sent 100% since the participants will have been biometrically verified.
- Remittance: Everest will offer an easy and cost-effective way for various banks and financial institutions to help them offer better money transfer services.
- Micro-Finance: The platform will also offer a full solution to lend money to SMEs as well as billions of people across the globe.
- Micro-Insurance: Everest will allow the collection of documents and biometrically signing contracts with or without devices.
- ID Verification: All users in Everest will be verified through third party attestations, government IDs, and biometrics
- Medical Records: The platform will enable better management of medical records, hosting the documents in device or the cloud to allow seamless tracking of healthcare.
- Land: With Everest, it will also be possible to combine titles, identities to banks and GPS coordinates in order to secure land.
Main objectives and goals of the project
The project is based on four basic principles. Everything is directed and serves to ensure and reliably protect the individual data of the user while maintaining free access for the user to his account.
Identity Network
It is a managed and controlled system of user identification and storage of important information for the benefit of all mankind. Any information about a person can not be recorded transferred or used by a third party without the consent of the owner of the information.
EverID
Thoughtful and automated application for your gadgets. It allows customers the ability to record, save, find, or update any required data.
EverWallet
The unique internal wallet of the platform will be available for project partners.
EverChain
This is the main base of the technology that records all transactions carried out in the Everest system. From simple exchange transactions to the exchange of documents, the system writes all completed transactions into the blockchain, the Ethereum chain.
Identity Network
Identifiers are special program tokens responsible for instant access to the Identity platform network and implementation of each exchange on the platform.
Acceptance of payments is always free on the basis of the platform if you have 1–100 ID in your virtual wallet.
As with other global systems, higher levels of data access invariably require a higher proportion of identifiers in the virtual wallet.
Large economic organizations control various numbers of identifiers to gain access to applications for additional bonuses.
TEAM
The Everest team consists of the most experienced living human beings in various business areas and clearly sees the problem in the traditionally accepted options for data identification and recommends this best solution with the support of the technical means of blockchain and smart contracts that will promote the personal financial growth of some parts of the current market.
ROADMAP
The idea to create the EverID project was first announced in May 2016, and in June of the same year project was founded. Only a year later, in early summer of 2017, the developers began working on the project. The team presented technical and economic documentation in the summer of 2018, a lot of important events were planned for August, and now they are being implemented — testing the system, starting preliminary sales, releasing its token. A full-fledged launch of EverID 1.0 is scheduled for October. The team will continue to work on the development of the platform, and in September 2020, the fifth version of EverID will be officially presented, which will include a convenient multi-currency purse, record high-speed blockchain, biometric identification, smart contract, bank licenses and Money transfers.
SUMMARY
Everest is initiated to provide identity to the user who do not even own Smartphone and to use Everest one do not require mobile phone as they have three components Ever ID, Ever Wallet and Ever chain which have different functions to help the users. And Everest is cheap and also secure. There is also Ever ID Datagram which helps users to store its identity information, on the other hand there are Everest DApps which helps user to create digital currency wallets for the block chain. And for the transactions to be done online the Everest has introduced ID tokens which can be used to make payments and also receive payments. Actually there is no doubt that this platform will be successful as it will provide identity to many people and refugees and will help people by micro-financing.
USEFUL INFORMTION:
• Website: https://everest.org/
• Whitepaper: https://everest.org/wp-content/uploads/2018/08/Everest_whitepaper.pdf
• Bitcointalk Ann Thread : https://bitcointalk.org/index.php?topic=4782378
• Telegram: https://t.me/Everestdotorg
• Twitter: https://twitter.com/everestdotorg
MY INFO
BTT Username: Rayed
BTT URL: https://bitcointalk.org/index.php?action=profile;u=1944534
My ETH Wallet: 0x41Ff03242821147337b04c2a62067Cb4fC9945E7
