[ANN][ICO] Biometrids - ICO 19th of february - Decentralised and Anonymous ID

[dayasinfo]

How are you going to compete with Civic? Are they your direct competitor?

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[nicolasbit]

Should company or person join your blockchain first before doing the identification?

[nextwalker]

How hard is it to develop systems like this? I know that Samsung, Apple and LG have verification systens such as these in their phones.

[devilini]

How hard is it to develop systems like this? I know that Samsung, Apple and LG have verification systens such as these in their phones.

Yep, it requires a lot of R&D which these guys are raising money for. I don't see any info about technical team, so I think we should simply wait for topic update to understand how strong it is. Also, patents might be a thing here, not sure how well it is legally protected at the moment now.

[nextwalker]

How hard is it to develop systems like this? I know that Samsung, Apple and LG have verification systens such as these in their phones.

Yep, it requires a lot of R&D which these guys are raising money for. I don't see any info about technical team, so I think we should simply wait for topic update to understand how strong it is. Also, patents might be a thing here, not sure how well it is legally protected at the moment now.

Yeah, you must be right, thanks.

[deort]

Do you want to rely on facial recognition only?

[Biometrids]

I think biometrics such as fingerprint scanning would make a nice addition to your verification methods.

As it is for now, there is 1:50.000 for another fingerprint logging in to your account. With facial recognition, this is 1:1.000.000 as it is today. This number will increase over time, as the technology evolves.

Thats also the reason why we will put a password on account, so if someone should get access, they still need the password.

[Biometrids]

What kind of partnerships do you plan to make? Who are you target businesses?

We will do partnerships with different companies. This could be companies that are in need of identification of their users.
This could be companies as ebay, amazon, DHL, GLS, Hertz  and Europecar. Also government could use our service, for online identification of their citizens. In blockchain it could be blockchain projects like banks and real estate. That needs to know their costumers, and their history.

So there are a lot of opportunities for partnerships,

[Biometrids]

What kind of dApps you are going to have on your platform?

We will not have dapps. We will build an API, which companies can implement to their sites.
This will allow different companies to identify their costumers within the Biometrids ecosystem. All transactions will then be on the biometrids platform everytime a company needs to identify a costumer.

[Biometrids]

How identification might work in your system? Have you thought about systems architecture?

The user simply scans his or her face. Then the scan is made into so called nodal points. These nodal point represents the face as numbers.
These nodal points are stored in the smart contract when the user builds their account and then the system always knows who is who.

But over time the face changes, and here we are using nodes, to run or artificial intelligens. Which then can recognise people over time, even if their face changes. So they will interact with the right accounts.

[Biometrids]

I think that you should join some blockchain ICOs that will be launched later next year to provide KYC services!

That sound like a good idea
ICOs and investors could benefit from our product, by knowing that the team is who they say they are, so this will for sure help people avoid ICO scams in the future.

[Biometrids]

How are you going to compete with Civic? Are they your direct competitor?

Civic would be our direct competitors yes.

But we believe we use a better system for identification. This is due to the correctness in facial recognition at the time being. There is 1:50.000 for a wrong users access your account by fingerprinter. With facial recognition this is 1:1.000.000 as it is today.

This will for sure evolve over time, as the facial recognition will evolve.

[Biometrids]

Should company or person join your blockchain first before doing the identification?

Yes, they should build their ID first, so they are stored in the chain.
Like everywhere else, where you need to have a user before using the system.

[Biometrids]

How hard is it to develop systems like this? I know that Samsung, Apple and LG have verification systens such as these in their phones.

We will be using the build in hardware in the phones, and then transfer the data to the smart contract in Ethereum.
The phones will take a 3d picture of the person, and make it into nodal points (numbers that represents the face)

It will take some time to develop this system, and thats why we are building it in different stages. take a look at our roadmap here: https://www.biometrids.io/index.php#biometrids-roadmap

[Biometrids]

How hard is it to develop systems like this? I know that Samsung, Apple and LG have verification systens such as these in their phones.

Yep, it requires a lot of R&D which these guys are raising money for. I don't see any info about technical team, so I think we should simply wait for topic update to understand how strong it is. Also, patents might be a thing here, not sure how well it is legally protected at the moment now.

Our developer Kiril Ganchev has a very strong knowledge of developing algorithms for facial recognition, and know how to build the system. He will be gathering a team, when we set of for building our stage 1.

When we run into things, that we could take patent on we will for sure do that. For now, we will be using existing technology, to build the first stages.

[Biometrids]

Do you want to rely on facial recognition only?

For a start we will be relying on facial recognition. We have considered other technologies. But for now facial recognition is the technology that works best.
This technology can ensure that there cant be two people with the same face on the chain.

There have been some talk about GEN technology could be the next thing of identification. We will for sure follow that development, and if necessary we will adopt this technology.

[WhyS]

Our PRE-ICO starts in 3 days.

Remember you only need 10.000IDS to run one of our nodes.

Read our whitepaper here: https://biometrids.io/#biometrids-whitepaper

By the way do you have any patented technology or any pending patents?

We do not have any patens at the moment, neither any pending.
In our stage 3, where we will be building nodes implementation these will run with machine learning / artificial intelligence.
In this stage we may take patent on some of the technology, but it depends on how things will turn out in this phase.

It's also not necessarily beneficial to claim a patent for a technology since you need to explain it publicly to its tiniest detail. It depends!

[Mat24]

Hello everyone. I’ve heard that the developers are working on the development of the project already. Does anyone know if they keep up with the schedule?

[ro777jer]

It seems to me that you must acquire partners to your field in order to develop steadily. Maybe you’re already interacting with some other platforms?

[coldday]

Good afternoon. I looked through your forecasts for the development of the company, and I’m wondering how much approximately I will earn in 3 years if I invest in your company now.