Header banner
Revain logoHome Page
Robiul Islam photo
Bangladesh
1 Level
1075 Review
2891.25 Karma

Review on V-ID by Robiul Islam

Revainrating 4 out of 5

It secures any digital file against unlawful manipulation.

V-ID provides a holistic approach to document validation and does not focus on a single field and / or specific document type. In addition they facilitate the use of individuals or small businesses with an intuitive user interface. Large companies can use the services efficiently through an API. Document validation is done in about 5 seconds, saving individuals and businesses a lot of time and nerves. Furthermore, V-ID is one of the most developed countries in Europe, properly regulating business.

Manipulation of digital files.
Due to their nature, digital files are vulnerable to manipulation and persuasion. With files such as email, messaging apps, and cloud storage accessed over the Internet, malicious actors can take advantage of their easy-to-copy nature. This problem has not been properly resolved since the emergence of digital files. Basically, every file and format that exists in digital form and is shared via the Internet is at risk for manipulation.

V-ID’s solution.
V-ID has developed a simple method for dealing with document fraud issues. V-ID verifies and validates the primary file through the KYC process. This process involves screening and validating the document and leading to a digital fingerprint. This unique fingerprint will be uploaded and recorded on the blockchain (i.e., Ethereum), so the document will be recorded on the blockchain. An illegally modified file will always have a separate digital fingerprint, which, upon verification, will release it as non-authentic.

Clients & Partners.
The most striking aspect about V-ID is the number of partnerships and clients they have been able to secure. So, V-ID is related to a number of projects in this space that have successfully adopted blockchain technology and earn real returns due to real-world business rather than pure speculation.

All about V-ID Team.
Their core team has 8 members. There are 6 advisors listed on their website. Founders have a long history of working together on previous projects. Which is a big plus, as it shows that they are able to build successful businesses in the constellation. The advisory board looks as well as it does, complements the team's skills and knows how to do things like legal and blockchain development.

It has a transparent and advanced tokenomics that I've seen in the crypto space so far. There is a real demand for VID by real-world merchants already adopting the platform. Furthermore, monthly buybacks provide minimal liquidity to exchanges, and the monthly token burn makes VID a deflationary token model, which is very investor-friendly.



Pros
  • Solve problems with document fraud in digital files through V-ID blockchain technology.
  • The team has developed a comprehensive validation process and a user-friendly interface to handle the verification process for different types of digital files.
  • The concept of maintaining document IDs on the blockchain is relatively simple but it targets a huge need in our growing digital world.
  • V-ID has already established a viable product, used in a variety of industries such as law, education, treatment, research, and technology, serving customers such as Airbus Space and Defense, Krohne and JWC Superyachts, among others.
Cons
  • Due to the potential size of the market for blockchain-based verification services, the number of players already on the field is growing. (Civic, Adobe, Docu-Sign and Factom).
  • There are some concerns in the court, especially about the adoption of world-class V-ID validity. Only time will tell, but the team is confident, as Asian blockchain transactions are increasingly used as evidence of money laundering. At the moment it does not represent the signal but it is a positive sign.