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Author Topic: [ANN]VETRI: Swiss startup realizing personal data management for the digital age  (Read 2097 times)
valid_global
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February 09, 2018, 11:01:48 AM
 #61

New Blogpost by European Parliament Member Eva Kaili: Blockchain and citizens’ data: challenges and opportunities


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“The processing of personal data should be designed to serve mankind.” If that sounds like flowery, idealistic language, then the following might get your attention: That sentence introduces new legislation imposing fines on companies of up to 4% of their annual global turnover or €20 million (whichever is greater) if they fail to protect our personal data.

The reason why the European Union is leading the world in protecting its residents’ personal data in the digital age is because personal data protection is a human right according to Article 8 of the EU’s Charter of Fundamental Rights. For those who don’t know their Charter, this right is enshrined between “The right to life” (Article 2) and “Freedom of expression” (Article 11) — it is that fundamental.

As technology disrupts the existing order, we as law makers are being challenged to ensure that we strike the right balance. As we move from the old order to the new, we want innovation to flourish, while simultaneously protecting citizens’ rights. As a general principle, I apply the following test for new legislation in the technology space: Does it reduce transaction costs for ordinary people, while simultaneously enhancing their security?

One of the examples worth a closer look is distributed ledger technology, which is gaining in significance as an increasing number of entities discover ways of optimising their operations by utilising blockchain-based solutions. As the draftsperson of first text of the European Parliament focusing on distributed ledger technology, I have participated in several hearings on the potential benefits of blockchain as a revolutionary force within the public sector.
(...)

more via: https://blog.valid.global/blockchain-and-citizens-data-challenges-and-opportunities-7222f54046fc

VETRI: Self-sovereign eID and monetizing your anonymized personal data
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valid_global
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February 12, 2018, 10:12:27 AM
 #62

New Blogpost: Token Sale Essentials — Token Distribution

https://blog.valid.global/token-sale-essentials-token-distribution-4344d83e6274


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Following the successful completion of the presale, we have received questions from our community regarding the timeline for the minting of VALID tokens. The token minting process will be concluded in April 2018, at which point participants will receive the reserved tokens in their registered wallets. The token contract address will be announced simultaneously.

Why is the minting process done after the crowdsale?

Investments are allocated to the respective participants on the basis of the time of confirmation of transactions. By law, we are required to conclude the KYC process prior to crediting the allocated tokens to a participant’s wallet. The buffer period following the conclusion of the crowdsale permits for addressing allocation-related grievances (if any) before the minting of the tokens.

Besides these legal considerations, the minting process is also a superior way to allow contributions in multiple crypto currencies and fiat at the same time.

How are investments categorized into bonus tiers?

Investment allocations to bonus tiers are based on the time when the transaction is registered on the blockchain. Overflow transactions from one bonus tier will automatically be assigned to the next tier.

more via: https://blog.valid.global/token-sale-essentials-token-distribution-4344d83e6274

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MrDongyy
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February 13, 2018, 05:01:21 PM
Merited by Ronin_sv (5)
 #63

Sold out pre-sale. Selling out the pre-sale is a solid sign that there are others that stand by the vision of the project and believe in the team.
Government partnerships. If the VALID team can capitalize on their government partnerships and provide digital identity solutions to citizens, the implication could be huge.
valid_global
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February 14, 2018, 11:30:59 AM
 #64

New Blogpost: VALID EXPLORES INTEGRATION OF NEO’S DIGITAL IDENTITY PROTOCOL & CONFIRMS KEY INVESTMENT FROM NEO COUNCIL

https://blog.valid.global/valid-explores-integration-of-neos-digital-identity-protocol-confirms-key-investment-from-neo-d79b0a4a1f0e


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Procivis AG, the company behind the VALID project, is pleased to announce that it will seek to incorporate NEO’s native digital identity layer, NeoID, for the development of VALID’s agnostic e-Identity layer and is proud to confirm NEO Council as a key strategic investor in VALID.

With VALID, Procivis is taking personal data management to the next level. At the core is a user-controlled digital identity solution allowing people to transact online securely and seamlessly while safeguarding all their sensitive personal data. Furthermore, the VALID marketplace can directly connect users with data consumers such as product and service companies, brands, researchers and advertisers. With the VALID wallet, users can directly and easily start monetizing their personal data in a fully secure and controlled fashion on the VALID marketplace. In return, data consumers gain direct access to reliable, anonymized data in a compliant and cost-efficient way.

When asked about the decision to experiment with NEO’s digital identity protocol, VALID CTO Giorgio Zinetti said, “We believe that blockchain-enabled digital identity solutions need to become a public utility in the future. The underlying infrastructure needs to be able to handle an extensive number of transactions in a cost-efficient way and NEO is already achieving this. However, we need to build a standard that allows projects such as VALID to integrate easily with NEO. Therefore, we look forward to collaborating with the NEO community to establish a respective NEP standard.”

NEO’s blockchain infrastructure provides several advantages over existing platforms. For instance, NEO’s consensus protocol, Delegated Byzantine Fault Tolerance currently permits the network to process up to 1,000 transactions per second with the potential to scale up to 10,000 transactions per second in an energy efficient manner.

VALID is continuously exploring new technologies that could support this vision. The number of blockchains that support smart contracts and are operational still remain limited. The VALID token is currently based on Ethereum’s ERC 20 standard and the identity layer would support Ethereum’s ERC725 and ERC 735 protocols. But VALID remains agnostic with regards to the identity protocols supported by its platform and the above reasons make NeoID a highly attractive proposition for VALID. As such, VALID is looking forward to exploring the potential to implement a NEO based identity smart contract, allowing VALID to expand its reach beyond the Ethereum world.

more via: https://blog.valid.global/valid-explores-integration-of-neos-digital-identity-protocol-confirms-key-investment-from-neo-d79b0a4a1f0e

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VETRI: Self-sovereign eID and monetizing your anonymized personal data
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Apekool
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February 15, 2018, 12:43:54 AM
 #65

Interesting that it is tied to NEO.

Do you see yourselves as a competitor to Remme.io?

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February 15, 2018, 12:47:33 AM
 #66

Sold out pre-sale. Selling out the pre-sale is a solid sign that there are others that stand by the vision of the project and believe in the team.
Government partnerships. If the VALID team can capitalize on their government partnerships and provide digital identity solutions to citizens, the implication could be huge.

That is indeed an aspect that needs more attention.

The adoption of just a single government of this technology/concept would entail millions and millions of digital accounts of citizens. And in the case that happens, it probably won't end there.


valid_global
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February 15, 2018, 02:09:51 PM
 #67

Interesting that it is tied to NEO.

Do you see yourselves as a competitor to Remme.io?

The more projects are launched on the digital identity field, the more awareness is generated for this topic, the higher the chances for mainstream adoption.

Remme.io is working on identification for online services.
VALID is going a step further and implementing a full on data management system, through our VALID wallet.

We believe that blockchain-enabled digital identity solutions will become a public utility within 5-10 years and that there will only be a handful of protocols that will succeed.

Additionaly the VALID marketplace will be eID protocol agnostic:
While we are developing our own eID solution, we ultimately intend to also accommodate the most successful eID protocols via an agnostic platform (see our partnership with Sovrin), all compatible with our personal data marketplace, enabled by our VALID token.

 

VETRI: Self-sovereign eID and monetizing your anonymized personal data
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valid_global
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February 21, 2018, 12:54:18 PM
 #68

Ask Me Anything: AMA today on r/NEO 2pm (UTC+1)

https://www.reddit.com/r/NEO/comments/7ywmua/valid_platform_backed_by_neo_council_keen_to/


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Join us today in 10 minutes for the AMA

more via: https://www.reddit.com/r/NEO/comments/7ywmua/valid_platform_backed_by_neo_council_keen_to/

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VETRI: Self-sovereign eID and monetizing your anonymized personal data
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luksbit
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February 21, 2018, 12:58:56 PM
 #69

Can I use unique authentication for all the applications I use, such as facebook or twitter?
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February 21, 2018, 03:06:05 PM
 #70

Can I use unique authentication for all the applications I use, such as facebook or twitter?

Yes if the services accept VALID’s eID solution, you can authenticate seamlessly there.

VETRI: Self-sovereign eID and monetizing your anonymized personal data
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February 23, 2018, 09:49:31 AM
 #71

Roadshow destination #6: ProductHunt - Geneva

https://blog.valid.global/valid-on-the-road-product-hunt-geneva-594056b4da67


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On a rainy day in Geneva, Procivis AG CFO, Yves-Alain Petitjean was hosted by Product Hunt Geneva at the Impact Hub to present the company’s latest project, VALID. The event attracted an audience of over 60 people and was also livestreamed to an online audience through sli.do.

The presentation focused primarily on the future of blockchain based digital identity. Yves explained that VALID may be seen as a natural successor to Procivis’ eID+ government solution, putting the company on course to achieving its vision of empowering users with fully self-sovereign digital identities. Enabled by blockchain, VALID would make it possible for users to construct a digital identity and have their claims attested by trusted third parties such as NGOs, supranational organisations, or even social media platforms. This marks a paradigm shift from the status quo, eliminating the dependence of users on governments to obtain a recognised identity(...)

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February 23, 2018, 09:51:21 AM
 #72

Roadshow destination #7: Brazil

https://blog.valid.global/roadshow-destination-7-brazil-3fb3a1f5483


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Daniel Gasteiger, CEO of Procivis AG was welcomed in Sao Paulo by Edelweis Ritt, CTO of Trubr, marking the start of VALID roadshow in Brazil. The visit featured a meet up with the blockchain community in Sao Paolo followed by meetings with the Government of Brazil in Brasilia.

The meetup in Sao Paulo introduced Trubr and VALID to an audience of 50 blockchain enthusiasts. Among the attendees were representatives from the group, Women in Blockchain, Brazil. Edelweiss opened the event with an introduction to blockchain technology. Danny then presented VALID, sharing his vision of empowering users with a fully self-sovereign digital identity solution which places user control over personal data at the forefront. The VALID vision resonated with the audience leading to an active Q & A session following the presentation.(...)

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February 23, 2018, 09:53:23 AM
 #73

New Blogpost: Token Sale Essentials — The VALID Token

https://blog.valid.global/token-sale-essentials-the-valid-token-c44c0ef69948


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With the VALID ITO, Procivis AG seeks to contribute to the development of ITOs as a powerful tool to drive future innovation by building a supporter base of early adopters as well as enabling the allocation of capital for the development of an independent and publicly available platform.

ITOs have ushered in an era of unprecedented access to capital for innovation. With a well-articulated vision, entrepreneurs can now transcend geographical barriers to reach a global base of supporters. On the other hand, easy access to capital has also made the system prone to abuse with a host of questionable projects raising astronomical sums of money by defrauding unsuspecting individuals. In this post, we seek to inform the VALID community about our efforts to comply with the highest standards of regulation, the rationale behind launching the VALID token, as well as the utility and economics of the token.

(...)

more about regulation and why our own token via: https://blog.valid.global/token-sale-essentials-the-valid-token-c44c0ef69948

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valid_global
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February 24, 2018, 11:13:23 AM
 #74

REMINDER CROWDSALE STARTS IN 45 MINUTES

Participation ONLY via https://valid.global/


VETRI: Self-sovereign eID and monetizing your anonymized personal data
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valid_global
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February 24, 2018, 05:43:08 PM
 #75


HARD CAP 25,000,000 USD

VETRI: Self-sovereign eID and monetizing your anonymized personal data
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February 25, 2018, 03:25:33 PM
Merited by denysrodman (1)
 #76

Verdict
VALID is a non-profit working to give you control over your digital identity. The platform includes a wallet for you to manage your identity and personal data as well as a marketplace where you can sell your information and activity to digital marketers.

The team is filled with blockchain experts and has already formed partnerships with the Swiss government. Although VALID is yet available, it’s a piece of the already established product, Procivis.

Risks
    Unclear revenue model. As a non-profit, VALID is not motivated to make a significant amount of money or increase the token value. In fact, part of the token allocations is slotted to keep prices under control. (-4)
    Empty Github. The Github repository has barely any commits with the last bit of activity almost two weeks ago. The project should have more active development. (-2)
    No product yet. Any project without a working product and users is inherently risky. (-2)

Growth Potential
    Strong team. The team is 24 members and advisors strong with expertise in a range of relevant fields. (+5)
    Sold out pre-sale. Selling out the pre-sale is a solid sign that there are others that stand by the vision of the project and believe in the team. (+4)
    Government partnerships. If the VALID team can capitalize on their government partnerships and provide digital identity solutions to citizens, the implication could be huge. (+6)

Disposition
VALID receives an average score of 7 out of 10. Even though the idea seems valuable, as a non-profit, it doesn’t look as if the team is motivated to increase the value of the token. The partnerships with the Swiss government entities are important, but the project is first focusing on personal data sales to digital marketers, not government digital identities.

This is a good rating from hacked.com.
Here is the proof: https://hacked.com/ico-review-valid/
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February 27, 2018, 12:10:53 PM
 #77

Hello! An interesting and promising project!
How can I participate in the project bounty?
Thanks for the answer!
valid_global
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February 28, 2018, 01:24:58 PM
 #78

Hello! An interesting and promising project!
How can I participate in the project bounty?
Thanks for the answer!

Unfortunately we don't have a classic bounty program.

VETRI: Self-sovereign eID and monetizing your anonymized personal data
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Ukraine2020
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March 02, 2018, 11:47:26 AM
 #79

...

Unfortunately we don't have a classic bounty program.

Thanks for the answer!
And what is the bounty program then?
valid_global
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March 02, 2018, 11:46:50 PM
 #80

...

Unfortunately we don't have a classic bounty program.

Thanks for the answer!
And what is the bounty program then?

We had an ambassador program. The signup is per se closed, but if you have a good idea for one of the pillars, shot us an e-mail:
https://blog.valid.global/valid-ambassador-program-bf62f49a81b8

VETRI: Self-sovereign eID and monetizing your anonymized personal data
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