Pratiwi Kusumaningtyas: iTrue technologies

Whats is iTrue ??

iTrue is a platform with microservices that can be used by enterprises and users. The platform is therefore a Blockchain as a Service (BaaS) solution: It can be used by companies and developers to authenticate their users, or to build their own blockchain network with a built-in authentication system.

The platform provides microservices as building blocks, which can be integrated into existing apps/systems of developers. Hence, developers do not need to develop an authentication service from scratch for their applications, as the iTrue microservices will fulfil this need.

Moreover, iTrue supports smart contracts that can be coded in at least 10 languages such as C/C++, JavaScript, Python, PHP, Ruby, Kotlin, Java and Go.

Introduction of key concepts

A GEO-dependent blockchain is a blockchain-based business network that falls under the regulation of a specific jurisdiction, which may be a country or regional association (e.g., EU, ASEAN). As such, the blockchain or its users cannot deny access to data that is requested or required by regulating bodies or public organizations in the region. Users can see which data is used, but cannot prevent access by authorized public agencies.

It may be used to legalize a project and make it compliant to the requirements of a local regulators or several regulating bodies or jurisdictions. Such GEO-dependent blockchains may also be used to launch a supranational crypto currency (e.g., in the BRICS and Arab Maghreb Union), so that the operations in the member countries are made in a unique crypto currency, rather than in US dollars.

In a GEO-dependent blockchain, the transfer of specific user data to certain public organizations may be done by default. Notwithstanding the openness of the process to a user, the transfer of such data is an obligatory and unchangeable parameter.

Platform Users

Individual Users can use iTrue to authenticate and gain access to digital assets, property, or any physical asset that requires authentication.

App Users

Users can also use tokens to pay for access to decentralized applications built on the iTrue platform.

Data Owners

Users own the keys to their data, control how it is shared, and have an opportunity to earn by sharing data in real-time

Benefit Of iTrue

Some Facts and Figures

More than half of e-commerce cart abandonment is due to forgotten passwords(49%) or forgotten debit/credit card details (59%) underscoring the need to improve authentication measures.

49% of the users in the US are concerned about their biometric data being compromised, while 35% are worried about their bank having access to the information.

Facial recognition in surveillance is legal in Russia and other countries, but is considered a major privacy threat, especially if the security of the system is compromised.

In Shanghai and Beijing in China, facial recognition is being used not only by state security and surveillance, but also by private companies. Example: Fintech provider ANT Financial is utilizing biometric scanning even in public places like the subway.

iTrue is the Solution

The combination of blockchain and biometric technologies will enable businesses to improve authentication through biometrics and eventually build and market their own applications on the iTrue platform and ecosystem. Reducing transactional friction through biometric authentication helps improve the user experience and enhance platform security at the same time.

With iTrue, users have complete control over their confidential personal data, and biometric authentication enables secure and seamless access to digital assets and even physical facilities, like a car or house. Since iTrue gives notifications where users’ data is being used, enterprises are able to integrate such privacy controls into their applications, thus helping businesses comply with the European GDPR regulations.

By implementing a blockchain approach, users and businesses are assured of a robust and scalable infrastructure wherein their records are secure and safe from data theft or misappropriation. Our solution is designed for high speed and capacity — overcoming the limitations of current blockchain tech.

The iTrue Token Ecosystem

iTrue’s blockchain-as-a-service platform enables applications to integrate authentication independent of passwords, gadgets and plastic cards — all through microservices as building blocks. But that is just one part of iTrue.

The ITU token brings together individual and business users into a single ecosystem with unlimited opportunities for scalability, under a decentralized platform for identification and data storage.

The platform itself does not sell user data. Rather, it enables users, clients, and developers to benefit from sharing and utilizing data on the platform.

Developers can build applications that take advantage of microservices, such as identity verification and authentication. Users are informed about each request for their data, and they are rewarded when they participate in data-sharing activities.

Our primary service for authentication with biometrics can be the basis of projects by third-party developers who will be able to integrate their own features and solutions into the iTrue platform.

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