2022 — What a year for IAMX!
A look at some of our biggest milestones of the year
W3C approval: https://link.medium.com/FOzctdp46vb
CIP-066 vNFT: https://link.medium.com/TahCGmw46vb
First to connect KYC to DID: https://link.medium.com/QXwaFQzU4vb
IAMX already has access to 40,000 brands and stores world-wide
IAMX is a W3C-accredited, blockchain-agnostic, self-sovereign identity (SSI) protocol that is easily integrated, and designed for widespread adoption. It is the first SSI solution to financially reward consumers for using their identity online, adding a convenient (1-click fulfillment) and secure identity layer to the internet, allowing users to interact with it as if they were logged in.
Already partnering with several large telecom companies, IAMX strives to become the gold standard for the secure and compliant onboarding of clients, through preauthenticated identity credentials.
Becoming a leader in decentralized affiliate marketing
IAMX is well positioned to become a leading identity solution for the decentralized affiliate marketing space. Affiliate Marketing is a way for companies (merchants) to pay others (publishers) to promote their products and generate sales. It generates about €12 billion in eCommerce sales each year.
IAMX is enhancing this model by adding a verifier to the traditional publisher-merchant-customer trio. Its 1-click data transfer solution helps reduce drop-off (customers who start but don’t complete a purchase) and increases conversion rates by 2–5%.
Through its partnership with mycashbacks.com, IAMX has access to over 40.000 brands and stores like Samsung, Coinbase, Adidas, Hotels.com, Expedia, eBay, Binance, Amazon, AliExpress, and approximately . 40.000 more.
mycashbacks.com is part of advanced audience GmbH and a wholly owned advanced store GmbH subsidiary. As one of the largest affiliate publishers, advanced group is behind over a billion advertisements every day.
Implementing a unique revenue-sharing model
Use of the IAMX ecosystem is completely free for the user, as transactions are monetized through affiliate revenues. IAMX rewards all parties interacting within the IAMX Ecosystem through a revenue sharing model. When a customer makes a purchase from an affiliate in the marketplace, the affiliate partner performs the transaction and receives payment. Pre-agreed affiliate fees are generated based on the transaction and paid to IAMX.
A certain percentage of these fees are returned to the customer as a form of “cash back”, another portion to the issuer, which is the entity that issued the payment method used by the customer to make the purchase. This could be a credit card issuer, a bank, or another financial institution.
The remaining portion of the affiliate fees are retained by IAMX as its revenue. This revenue share is indefinite for as long as the verifier remains within the IAMX ecosystem.
About IAMX:
IAMX is a token-based Self-Sovereign Identity and authentication protocol that empowers individuals with the means to own their identity. Adhering to the strictest of regulatory standards for identity protection, IAMX builds on the foundational principles of SSI to provide a robust and secure system where individuals are able to take control and manage their identity. Users of IAMX will realize significant time and cost savings through novel approaches to identity management and ecommerce transactions, like 1-click fulfillment, which are legally binding and maintain local regulatory compliance. With users in control of their identity data, time-consuming processes like Know Your Customer (KYC) or Know Your Business (KYB) become near instant, highly secure transactions.
Take a deep dive into IAMX:
https://iamx.id/wp-content/uploads/2022/08/IAMX_white_paper_compressed.pdf
