EVERID - Unlocking Opportunity with Identity

Without verifiable identity, individuals are unable to access banking to receive value or credit, preventing economic development. The inability to prove identity impredes access to basic human rights such as healthcare and education for over a billion people. Lack of infrastructure surrounding identity and value transfer means major institutions are unable to develop in emerging markets.

EverID is the world’s only device-free, globally accessible, digital identity platform. Through the use of digital identities, digital wallets, document management, and biometrics, users will be able to digitally verify their identity for public services and claim their social and economic rights.

EverID is a decentralized platform for a new economy, incorporating a massively scalable payment solution with a multi-currency wallet and digital + biometric identity. EverID has built a decentralized digital identity system to store and confirm user identity data, documentation and biometrics. The platform is available to all people from birth to death. It does not require a mobile device to join, is encrypted to protect the privacy of users and is interoperable with other systems. Everest has built a decentralized platform consisting of three components: EverID, a digital biometric identity system to store and confirm user identity data; EverWallet, a multi-currency digital wallet with built-in, document storage, and EverChain, blockchain-based transaction systems.

Through the use of digital identities, digital wallets, document management, and biometrics, users will be able to digitally verify their identity for public services and claim their social and economic rights. Device-free identity verification: Peer-to-peer registration using biometric data allows anyone, anywhere to enroll in the platform, without the need for a device. Seamless value transfer: By verifying identity with 100% accuracy EverID reduces leakage, fraud, friction, verification, and data access costs.

EverID has built a decentralized digital identity system to store and confirm user identity data, documentation, and biometrics. The platform is available to all human beings from birth until death. It does not require a mobile device to join, is encrypted to protect users’ privacy, and is inter operable with other systems.

Institutions, corporations, and government organizations can effectively, cheaply and quickly validate user identity, at scale. Value can then be transferred securely to the correct recipient with reduced transaction costs, lower losses from leakage, and innovations in service and value transfer.

EverID is a disruptive product with an existing prototype, a highly experienced team, and is working with a large Bretton Woods banking institution4 and UN Agencies. It is building the biggest single opportunity for expanding financial inclusion amongst emerging markets and established financial institutions.

GOAL

Everest aims to provide the means for those who have no proofs of identity to have one, it does so while taking privacy issues to heart. EverID is therefore developed to run on a decentralized platform. This will give individuals the power and the ability to control and manage their data. While pertinent information will be recorded and stored in the ID network, EverID can guarantee that no piece of information will be shared with anyone without the individual’s consent because everything will be moved by smart contracts.

FEATURES OF EVEREST

Personal Empowerment Through Identity

Everest, with EverID, has created a universal digital identity that will elevate all of humanity into the global market, thereby providing access to a robust set of services in order to enhance livelihoods and promote economic development.

Institutional Investment Through Transparency

Everest, through EverWallet, provides the ability to remotely verify the recipient of value transfer, at scale, combined with fast user verification, will propel institutional investment in the $20 trillion-dollar economy of countries in emerging markets.

Confidence Through Immutability

Everest, through EverChain, is able to deliver a robust transaction system designed to record all transactions and provide them to be reviewed forever. Built on top of the distributed ledger technology that powers the Ethereum smart contract system, EverChain benefits from the depth of development talent and the community that has made this the most accepted smart-contract system available. EverChain is a private, permissioned instance of the Ethereum Enterprise blockchain. Providing the ability to review transaction to the parties involved, and their respective organization and regulators, Everest ensures that there is minimal graft, leakage, fraud and there is tight adherence to standard-operating-procedures.

A Permanent Utility for Humanity

The Identity Network, the non-profit guardian of the Everest Platform, will be an autonomous, non-capturable, decentralized network, owned by no one, functioning in perpetuity and embodying the Principles of Identification for Sustainable Development Goals (SDGs) in its software. It will be continually funded in order to exist and will provide identity verification and value transfer services to users indefinitely.

Everest is A Complete Solution

Everest gives individuals the tools to manage, and protect, their own data through a decentralized identity platform (EverID), a value transfer/storage solution (EverWallet), and a robust transaction system (EverChain). Everest also gives tools to those organizations to help manage the communities of individual - to transact value with the verified individuals, conform to all applicable regulations, and transparently record and prove that a transaction occurred.

HOW IT WORKS

EverID has created a universal digital identity network that will raise the whole of humanity to the global market, providing access to a robust range of services to improve livelihood and promote economic development.

The identity network will be an autonomous, non-supportable, decentralized network, owned by no one, functioning forever and incorporating the principles of identification for Sustainable Development Goals (SDGs) 6 into its software.

It gives individuals the tools to manage and protect their own identity data through a decentralized identity platform and a value transfer solution based on blockchain technology.

Multiple types of biometric information for each identity are recorded and stored in the identity network. Legacy identity documents, including national identity cards, driver's licenses, passports, voter's identity cards, etc. are recorded, as well as third-party certificates by cryptographically signing these confirmations of claims.

If a person does not have the technology, an agent system allows them to be enrolled via the EverID Agent DApp. Public Access Devices (PADs) are used for EverID validation, use and update. PADs use a Software Development Kit (SDK) to add identity validation to devices for banking, government services, healthcare and more. The Bridge service allows a user to securely access his data and use it on another device that he does not own.

THE UNIQUENESS OF EVER-ID

The unique quality of the EverID’s platform which no doubt makes it different from other various platforms includes but not limited to the following ;

EverID’s platform is sustainable.

The decentralized built up of the EverID’s platform makes way for a complete personal freedom of data together with high level of security.

Cost effectiveness

EverID platform is built in a way that reduces cost, leakage, fraud, friction, etc.

EverID’s platform offers total financial inclusion.

This is possible through the use of digital identities, digital wallets, and so on. This entails that users can no longer be denied their social rights.

ADVANTAGES OF EVEREST

Seamless Value Transfer

By verifying identity with 100% accuracy EverID reduces leakage, fraud, friction, verification, and data access costs.

Device-Free Identity Verification

Peer-to-peer registration using biometric data allows anyone, anywhere to enroll in the platform, without the need for a device.

Total Financial Inclusion

Creating global access to existing financial services unlocks the $20 trillion-dollar economy of emerging markets.

Economic Growth

Deviceless identity verification will empower over 4 billion people and create a $40 trillion economic opportunity.

Individual Empowerment

EverID enable users to be in total control of their data and provides access to formal economic systems.

Institutional Efficiency

Reduced transfer and data storage fees will allow institutional growth in emerging nations.

ID TOKEN

IDs are a utility token that allow access to the EverID network and the applications and services built upon it. The 800 million issued ID tokens will be purchased by banks, governments, NGOs, large organizations, and users (i.e. remittance senders) that want to access EverID’s network. Institutions are given varying levels of access to the platform based on how many tokens they hold while users will not be required to hold IDs in order to receive value.

A device-free digital identity would empower almost 5 billion people to become part of the global economy, thereby facilitating external investment in emerging markets. Universal and inclusive identity will be the catalyst for trillions of dollars worth of transactions, value transfers, and identity verification costs.

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