Cryptonews: IAME { Development and Commercialization of Network Identification }

The IAME Identification Network is a decentralised identification system built for the Blockchain ecosystem. The system allows parties in Blockchain transactions to verify the identity of each other without having to disclose non-essential sensitive personal information to other parties involved in the transaction. The system achieves this by fragmenting information into unintelligible data pieces that are then distributed to a multitude of independent third-party validators who verify the authenticity of each of these fragments. The summation of those fragmented verifications constitutes a complete identity verification. Only the original owner of the information would have access to this data in a holistic and meaningful manner.

Identification

Every piece of information you share leaves you susceptible to theft and every piece of information you collect leaves you vulnerable to litigation. What's the best way of overcoming this?

Nobody is hack proof, but you can become hack worthless.

Identification with the IAME Prototype

How does identification function with IAME’s system?

Since we announced our project of developing a decentralised fragmented identification system, there has been much interest in what the technology is all about. We’ve been asked questions about how the tech would work and look to all parties engaging in the transaction. We are happy to announce that we built two prototypes – one for identification and one for validation. You can personally engage them and see how both function by visiting the identification prototype and the validation prototype.

In this prototype, we run through how the IAME based identification functions from the perspective of a user.

What is DFI?

Decentralised fragmented is the method that IAME’s system leverages to reinvent the entire blockchain identification process. With DFI, the data shared in these transactions is rendered worthless, given that it is first fragmented and then distributed among a series of independent third-parties – we discuss the validation aspect of our system in our next blog titled, “Validation with the IAME prototype”. These third-parties are not affiliated with any parties operating as members of the transaction.

For now, it’s worth mentioning that this network of third-party validators is assigned the task of confirming and verifying the validity of each of these fractured pieces of personal data, which by themselves are useless to malicious parties. The compilation of these fragments would constitute a valid identification to the transactional counterparty, thereby verifying the identity of initiating party.

Validate

Every piece of information you share makes you vulnerable, and every piece of information you gather makes you vulnerable to litigations. Don’t share don’t take.

Nobody is hack proof, but you can become hack worthless.

Identity Validation with the IAME Prototype

How does validation function with IAME’s system?

Since we announced our project of developing a decentralised fragmented identification system, there has been much interest in what the technology is all about. We’ve been asked questions about how the tech would work and look to all parties engaging in the transaction. We are happy to announce that we have two prototypes up and running – one for identity validation and one for identification. You can personally engage them and see how both function by visiting the identification prototype and the validation prototype.

In this blog, we run through how the IAME based validation functions from the perspective of a third-party validator.

What is DFI in the context of identity validation?

In our previous blogs, we’ve already spoken about how decentralised fragmented identification is the method that IAME’s identification system leverages to reinvent the entire blockchain identification process. With DFI, the data shared in these transactions is rendered worthless, given that it is first fragmented and then distributed among a series of independent third-parties – These third-parties are not affiliated to any parties operating as members of the transaction.

It’s important to point out that this network of third-party validators was built on the notion and rationale that an identification validation conducted by a network of third-party validators is far more dependable and less susceptible to the risk of fraud than an identification validation conducted by a single institution or party.

Once a user attempts to fragment and verify their identity, this fragmented data components result in a prompt being sent to the validator platform where predetermined validators are ready to take on the task. The system encompasses a for-profit approach, which means that validators are rewarded for their contributions. Many people we spoke to had questions about validators potentially manipulating the system to for their financial benefit – don’t worry! The IAME team has a fix for this.

To counteract the risk of third-party validators attempting to “game the system”, given that it runs on a for-profit basis where third-parties are paid to validate information, the IAME identification network deploys a symmetric game model that uses a method of “tribunal validation”, where consensus determines validation – secondary tribunals come into play in the event that a consensus is not initially reached and an appeal is required. No single party, therefore, has control over the identity validation process. Therefore, you can rest assured knowing that the unaffiliated validators of your identity are not only motivated but checked by our intelligent validation model.

ICO

The purpose of the IAME Initial Coin Offering is to raise funds for the development and commercialisation of the IAME Identification Network. The ICO will be lean and will only involve two cryptographic assets, Ethereum and the IAM Token.

ROAD MAP

From a bootstrapped basement project to a fully fledged start up, the IAME has come a long way.
On the road to ICO, we have sharpened our claws against angel investors to come up with a viable strategy and secure the necessary funds to kickstart development.
It is with confidence that we will be launching our ICO, and we can say with certitude that we will bring the IAME project to good completion.

TEAM

A team of ordinarily extraordinary fellows who are inquisitive by nature and always strive towards excellence with the goal of delivering the best possible outcomes to the highest standards.