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#Blockchain, #Technology All projects

iTrue: Self-Sovereign Biometric Identity for Decentralized Web

We help to build and integrate solutions centered around user security, privacy, and safety

Buy the tokens of the iTrue (ITU) project on the W12.io platform and get the opportunity to get a refund in case the project does not fulfill its obligations

Your IP address is from the USA. Citizens and residents of the United States are prohibited from using W12 platform to purchase tokens.

3.8 Rating

by 17 users


    KPLs

    • Employees10
    • Users21000

    Traction

    October, 2018

    iTrue is joining the Bancor Network. iTrue will integrate the Bancor Protocol and follow specific guidelines for creating a Smart Token to offer ITU token

    August, 2018

    iTrue becomes a member of IBIA, the leading international trade group, which aims to fully represent the identification technology on the global arena

    July, 2018

    iTrue has officially become one of the Crypto Valley Swiss members


    Team

    9
    man Max Tkachenko

    Chief Executive Officer

    Max is a creator, a true business idealist, who has facilitated the development of over 283 projects totaling over 107MM capitalization into successful endeavors. With an educational background in business management as well as computer science from Harvard and his previous role as the chief business development officer at First Data, Max understands the importance of technology and the impact it can have on society. He foresees blockchain technology as the cornerstone of business development and iTrue as the pioneer in applied biometrics on the blockchain.

    man Anton Gorozhankin

    Chief Technology Officer

    15+ years experience in software architecture and product development, with expertise in payment gateways, billing systems, custom applications, and blockchain integration. Anton has outstanding skills in math and solving of non-standard tech cases. Technology vision and lead all aspects of architecture, software and product development.

    man Mikhail Podlinev

    Chief Operating Officer

    Expert in project management, marketing, innovation, and conflict resolution. With a master’s degree in computer engineering, Mikhail has expertise in building solutions that include payment gateways, cloud platforms, mobile apps, and affiliate programs for clients.

    man Abhishek Gangwar

    Chief CV Engineer

    With a decade experience in biometrics and computer vision technology, Abhishek has been associated with Aadhaar project and worked as a researcher in Computer Vision and Machine Learning domain at India’s Centre for Development of Advanced Computing (C-DAC), which has around 15 branches all over India with more than 2,500 employees.

    man Antoshi Popov

    Chief Strategy Officer

    Award-winning marketer with 20 years of experience as top manager atASBIS, Yandex and Remarkable agency, Antoshi has established and executed digital strategy for nearly 200 clients including Intel, MINI, Haier, S7 Airlines and Metlife. His efforts brought $110M funds for BANKEX and Patron token sales.


    Advisors

    1
    man Ahmad Aliek

    Financial Strategy Advisor

    Ahmad has broad experience in all aspects of financial management, direct experience with Banking Management, Industrial investments and Financing Arrangements (private placements and debt arrangement), Financial consulting and Venture Capital.





    Crowdsale details

    Distribution of tokens
    • Crowdsale (60%)
    • iTrue Foundation (22%)
    • Team (12%)
    • Advisors (5%)
    • Bounty (1%)
    Budget allocation
    • Marketing and business development (40%)
    • Research and development (40%)
    • Legal issues (patents and licensing) (12%)
    • Expenses on management (8%)

    Rate the project

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    Budget allocation and roadmap

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    Rate the project by other users

    17
    Flavio Acri December 13, 2018
    Rating of project
    4.2

    Advantages

    This is, in my opinion, one of the most interesting projects on the board. The problem and the market that is targeting may not look so important like others but the "BIG DATA", the data analysis and the data privacy is one of the hottest topic of the moment and will have more and more importance in the near future. Many of the most successful companies nowadays work, store and sell/use people information (see Google, FB and other social networks).
    Biometrics data and the biometric market are going to grow exponentially in the future as showed in the project analysis and the data privacy will be for sure one of the hottest topic in the next years when people become more and more conscious of how, why, when and for what big companies use their data.
    In my opinion, another good application for this project could be the pharmaceutical environment where people/patient information and the data privacy is crucial (think to clinical studies, test results, patient data). Many companies have already started to work on that, Apple for example.
    The project map is quite well detailed and the development team looks solid and with a quite good background so that is re-assuring.

    Risks and disadvantages

    The risk, as for many other new projects like this, is that there are many competitors out there. And from the comparison map showed in the project description, this is quite evident. Some of them are already one step ahead in the development plan (like Civic) but the scope of iTrue is quite different. Also I really like the comparison map which is showing that the team is aware of the competitors and has a clear idea of what the project is targeting.

    Comments

    Overall, I really like the project and the way it has been presented (very visual). The fact that the team is aware of what is already out there and who are the competitors shows a good maturity of the project and of the team.
    This may seems a smaller market respect others but I really think the possibilities out there are huge and iTrue could be successful.

    Angelo Bernardinello December 10, 2018
    Rating of project
    3.2

    Advantages

    Con iTrue gli sviluppatori sfruttano la tecnologia blockchain per creare applicazioni che sfruttano i servizi, come la verifica dell'identità e l'autenticazione. Gli utenti vengono informati su ogni richiesta relativa ai propri dati e vengono ricompensati quando partecipano alle attività di condivisione dei dati.
    Sicuramente un'idea interessante e anche vincente, ma a mio avviso la distribuzione dei token non mi sembra consona per coloro che vogliono partecipare al progetto e non ci sono applicazioni pratiche fin da adesso funzionanti.

    Risks and disadvantages

    Idea interessante e ambiziosa.
    Distribuzione dei token a mio avviso non convincente e sviluppo non pienamente in sviluppo (almeno questa è la mia percezione).

    Comments

    In generale progetto mediamente interessante contando tutti gli aspetti.

    Igor Lavrynets December 10, 2018
    Rating of project
    4.4

    Advantages

    К преимуществам проекта наверное можно отнести возможность подробного анализа реализованного проекта идентификации более миллиарда человек в Индии, в котором участвовал один из членов команды Abhishek Gangwar. Международная команда с опытом работы может реализовать всю программу по дородной карте, пока её токены заморожены.

    Risks and disadvantages

    К рискам я бы отнёс наличие конкурентов таких, как Civic, Cambridge Blockchaine, Datum и многих других. Кроме того надо будет как-то взаимодействовать с официальными структурами с целью официального признания системы идентификации .

    Comments

    Проект хорошо продуман , но надо учитывать , что будут добавляться конкуренты с новыми и развивающимися технологиями . Могут появиться другие более совершенные решения.

    Raffaele Piazzi December 10, 2018
    Rating of project
    4.2

    Advantages

    Nel complesso il progetto appare buono e promettente, le persone hanno bisogno di privacy, sicurezza, controllo e velocità di accesso ai dati e ai servizi. L'utilizzo di più sistemi biometrici combinati con la blockchain è sicuramente vincente. Vedremo!

    Risks and disadvantages

    La presentazione è stata buona, ma non ho trovato alcun prodotto beta almeno funzionante.

    Comments

    Penso che ci sia molto lavoro e non funzionerà se il mercato non vede un ottima demo.

    mirko riceputi December 08, 2018
    Rating of project
    3.0

    Advantages

    Gli sviluppatori possono creare applicazioni che sfruttano i microservizi, come la verifica dell'identità e l'autenticazione. Gli utenti vengono informati su ogni richiesta relativa ai propri dati e vengono ricompensati quando partecipano alle attività di condivisione dei dati.
    Il nostro servizio principale di autenticazione con dati biometrici può essere la base di progetti di sviluppatori di terze parti che saranno in grado di integrare le proprie funzionalità e soluzioni nella piattaforma iTrue.

    Risks and disadvantages

    Comments

    Iaroslav Korolev December 07, 2018
    Rating of project
    4.0

    Advantages

    Поздний по отношению к аналогичным проектам старт iTrue позволил команде провести анализ недостатков предыдущих решений для выработки зрелой концепции биометрической идентификации.

    Risks and disadvantages

    Существующий на сегодняшний день механизм верификации пользователя при подписании важных документов посредством электронной цифровой подписи (ЭЦП) фактически превратился в навязанную государством формальность, служащую для заработка аффилированных с ним компаний. Поэтому многое будет зависеть от допуска iTrue к использованию государственными органами и крупными корпорациями.

    Comments

    В дорожной карте и WP нет точных временных отрезков для проведения краудсейла и выхода на криптобиржи. Хочется надеяться, что продажа токенов проекта на платформе W12 будет способствовать устранению этого недостатка.

    December 07, 2018
    Rating of project
    4.0

    Advantages

    Проект iTrue предоставляет людям безопасность и контроль своих данных. Заморозка монет распространённых среди команды на один год, сжигание не проданых монет будут способствовать росту.

    Risks and disadvantages

    Для развития проекта 40 процентов бюджета не достаточно.

    Comments

    Проект имеет потенциал в будущем, я думаю что данный проект будет интересен инвесторам в качестве инвестиций.

    Marco Ferrandi December 07, 2018
    Rating of project
    3.0

    Advantages

    the part of data security will be increasingly important in the years to come, being part of a start up in the field will certainly do well, the project seems well structured and cared

    Risks and disadvantages

    un solo punto la concorrenza, sia in termini di numeri di aziende, sia in termini di termini di tempo.. progetto che nasce dopo sicuro avrà modo di essere migliore del mercato, ma dovrà recuperare tempo e quote di mercato

    Comments

    the project will have a long way to go, overcoming the competition on the market will be difficult even with a better project. to keep an eye on

    December 05, 2018
    Rating of project
    3.4

    Advantages

    In questo periodo storico in cui la parola "privacy" viene sovente modellata e piegata agli interessi del momento,la soluzione offerta da ITrue,che prevede il riconoscimento facciale tramite un software per accedere al progetto,può essere visto soprattutto come una forma di regolamentazione e controllo in più a favore del sistema.La garanzia della tecnologia blockchain,in cui credo molto per il prossimo futuro,e il controllo pressoché a 360 gradi dei propri dati personali,potrebbero creare le basi per un volano di sviluppo tutt'altro che indifferente

    Risks and disadvantages

    L'assenza di una demo funzionante del progetto purtroppo gioca a sfavore di iTrue, la quasi totale assenza di informazioni circa lo sviluppo sin qui attuato e alcune carenze per quanto riguarda la roadmap sono dei potenziali campanelli di allarme

    Comments

    Nel complesso il progetto appare buono e promettente,a patto di colmare alcune lacune tipiche in fase di start up,sicuramente può attrarre l'interesse di numerosi investitori e creare notevole valore aggiunto nel prossimo futuro

    Roger TUYISENGE December 04, 2018
    Rating of project
    3.4

    Advantages

    People need privacy,security and safety of their data to be entrusted not to someone else (third party) except themselves. The usage of a biometric system like facial recognition combined with the blockchain and distributed database technology will bring people the peace of mind being in control of their data.

    Risks and disadvantages

    Some competitors are already present on the market.
    The involvement of third parties within the project may come with some problems at certain stage of the project.

    Comments

    The project is bringing new solutions in banking, insurance, surveillance, ecommerce sectors which makes it a good project affecting, changing and bringing innovation in those sectors.
    The team behind the project have experience in similar project and the roadmap is well established to make the project achievable.

    Matija Spasovic December 01, 2018
    Rating of project
    4.4

    Advantages

    This is something that im totaly into. Future is actually here, idea is insane couse it's going to solve a lot of data security problems. These days steeling indentity is common thing, but if this comes out live, this will save a lot of time, energy and money to people who are jeopardized by hackers and thiefs.

    Risks and disadvantages

    Presentation was good, but i didnt find any at least beta working product, or at least 10% of this "mini movie". I think there is a lot of work here and its not going to work if market cant see any proof.

    Comments

    Support idea in total, just keep it going all the time, and some day , i hope i will use this!

    Евгений Чернов December 01, 2018
    Rating of project
    3.4

    Advantages

    Определенно для проекта сыграет важную роль сжигания монет. Которые небыли проданы что повлияет на дефицит который предвещает к росту монет. На рынке много проектов предлагают защиту своих данных но не многие могут похвастаться технологией блокчейна.

    Risks and disadvantages

    Дорожная карта без подробностей вложений личных средств команды, заставляет немножко позадуматься о надежности проекта.

    Comments

    Думаю что данный проект определенно сможет быстро набрать темпы в росте как для оживлении на кратко срок хорош.

    November 28, 2018
    Rating of project
    4.0

    Advantages

    Монеты распространяемые среди членов команды, будут заморожены на год. Проект является хорошим решением для пользователей, которые смогут контролировать свои данные и быть уверенными, что они не будут скомпрометированы. Не проданные монеты будут сожжены смарт контрактом.

    Risks and disadvantages

    Отсутствие рабочего прототипа является одним из недостатков. Следует более подробно объяснить, как будут использоваться монеты, выделенные фонду.

    Comments

    Инвесторы могли бы рассмотреть данный проект с точки зрения инвестиций. Возможен быстрый рост проекта .

    Anne Bryn August 31, 2018
    Rating of project
    4.2

    Advantages

    The unsold tokens will be burnt by the smart contract, therefore no one can ever use it. ITU tokens distributed to the team members will be put on hold by smart contract for 1 year. Airdrop campaign was launched in August.

    Risks and disadvantages

    Probably the team could present some provisional results of their work... I suppose there should be such results. I think it would be an additional incentive for investors, as they cannot try an MVP.

    Comments

    Team members present the startup on blockchain conferences. 20 pilot projects will be launched during the next quarter. The planning is good. I'm curious about the project's future.

    William Anderson August 31, 2018
    Rating of project
    4.0

    Advantages

    On top of the intense security measures In the blockchain the project also uses biometrics which has been by far a more reliable measure of security control. Rewarding involved parties for participating will bring this project to efficiency.

    Risks and disadvantages

    A press team is needed to cater for resources associated with promoting the business durability and awareness strategies.

    Comments

    Communication between the involved parties is important because of the need for mutual understanding this is highly relevant because of the need to know about the progress and possible ways foward for the project.

    Sofia Medda August 28, 2018
    Rating of project
    4.0

    Advantages

    A detailed market research is presented. ITrue is a good solution for users, who will be able to control their data and be assured that it won't be compromised. Users will be rewarded for participation in data-sharing activities. There is a customer support service on the website.

    Risks and disadvantages

    Marketing strategy is not explained in detail, whereas 40% of the budget is allocated to marketing and business development. It also should be explained in more detail how tokens allocated to the Foundation fund will be used.

    Comments

    The team is composed of experienced specialists in different fields. Their intention is the rapid growth of the project, which may compensate to an extent some gaps in planning, but there is a risk that decisions will be made quickly depending on the current situation only.

    Denys Serhiichuk August 17, 2018
    Rating of project
    4.4

    Advantages

    The project has 3 major components: precise information about team members, advisors and partners. Among the last ones, there are such companies as IBIA, Crypto Valley, Shopping Mall Europa. The Roadmap has lots of periods explaining platform development. Thus, the website is translated into few languages, which is also the advantage. Furthemore, there are bonuses for those who invested at the early stage of the tokensale.

    Risks and disadvantages

    There are not so many cons. However, the absence of the working prototype is one of such. Despite the fact, that there are many social platforms, where people can get information about the project, they are not active enough. For instance, Bitcointalk thread has only 7 pages starting from July 22.

    Comments

    Overall, the project has potential in the future. it has comparative analysis with other similar projects, like Civic, Datum and Cambridge Blockchain. Investors could look at the following ICO in terms of investing.

    See more reviews

    FAQ

    iTrue key points

    What is iTrue?

    ITrue is a Blockchain based solution focused on giving users control of their own data back from big technology firms. On the front end, we secure access to the system with facial recognition software which means your face (we called it “Face Pass”) is the key to your data. On the back end, all data is stored on a state-of-the-art Stone Storage solution which is a combination of blockchain and distributed database technology. In addition, we offer an incentive system for users on our platform. Business and individual users can earn rewards for participating in the data economy and decentralized app marketplace.

    Your tag line is “Self-Sovereign Biometric Identity for Decentralized Web”, what does it mean?

    “Self-Sovereign” also known as self-ownership is the idea that people should own their own data. Using iTrue, businesses cannot just freely use data from users, they must request the data and the user must consent to this usage. Users are rewarded each time they decide to share data with a business but it is a voluntary sharing of data.
    “Biometric Identity” means we can offer face identification online and offline (i.e. visitors to trade centers, hotels, conferences, taxis, etc. so businesses know when to reward or punish someone in case they misbehaved).
    "Decentralized Web", also called web 3.0, is the next generation of internet as a p2p network built around blockchain technology. We want to give control of data back to its rightful owners. We also want to make sure our platform is secure by having no single point of failure where hackers can steal or tamper with data.

    How did the idea of iTrue begin?

    The idea of iTrue was born when I made a purchase through the payment gateway stripe.com. I thought about a world where we didn’t need to enter sensitive personal information like credit cards, addresses, identity cards and passports. Basically, I thought about how people could utilize their uniqueness which nobody can steal to verify their identity. And the answer was their personal biometrics. People can manage their property with the help of biometrics without extra gadgets which can be lost, broken, or forgotten at home. At the same time, I am bombarded with unsolicited calls every day from companies that bought my number or personal data from another business. I used to get business proposals that were not of my interest. And I’m not the only one. Many people suffer from this problem. My friends and acquaintances as well. That’s why I thought: why not create a platform where people could control their personal data? No more stolen credit card numbers, passports or identity card numbers that companies often sell to other companies. Then we thought about a way users could control data distribution to companies while earning on data sharing. That’s how our story began.

    What sets iTrue apart from other projects?

    iTrue is an innovative platform for storage and biometric identity for the decentralized web. It’s not just a blockchain but a merge of blockchain and database. Although blockchain is immutable and data cannot be altered, our unique storage technology actually allows users to delete data upon request. And nobody can read that deleted data as it is encrypted. Moreover, the iTrue system actually destroys the link to such deleted data. What remains is the record of deletion itself which is stored on our blockchain-based Stone Storage solution.

    What does the iTrue technology consist of on the backend?

    At the core of iTrue’s platform is blockchain, which is the optimal way of storing data online in the future. We are tackling data security issues head on with our state-of-the-art Stone Storage solution, a distributed database that enables users to store information without the need for a centralized server as it’s based off of blockchain distributed ledger principles. Personal information on our Stone Storage solution is stored separately from its record of transaction and can be divided into different levels and categories. This allows users to decide which information to share with which party, putting users in complete control over sensitive information. We are taking data security to the next level by securing information using biometric technology. This means users must successfully verify their identity by scanning their face, eye iris, or other facial feature in order to access their stored data.

    How do users register on the platform?

    In order to register on iTrue’s platform, users must pass a KYC procedure using their mobile phone, PC or an authorized partner terminal. It will be a validation procedure which checks different biometrics. At the beginning we require face registration because your face (generally speaking) cannot be compromised. We use liveness detection in our machine learning system, so our platform can detect fake faces from real one (you can’t use a photograph for account access).

    Do you believe iTrue has real-world use?

    Yes, absolutely. A new digital age is coming. The last age was about big data when enterprises could simply collect, analyze data and make predictions — all without regard to privacy. However, users are becoming smarter now. The number of data leaks and hacks happening around the world is growing year after year at a rapid rate. As such, there is an outrage among public internet users demanding more user privacy. What I believe is if companies want to keep up with the times, they should give what their customers want. This will give companies better brand equity and make them more competitive. Think of old-fashioned entities that did not adapt to new technologies (e.g., bookstores without e-commerce). They are quickly dwindling out. Now it's not cutting edge digital services, but safety and user privacy which are impressed into customers’ minds. iTrue will give companies not just privacy control options, but all cutting-edge technologies which can attract new clients and motivate existing ones to continue using its services. iTrue’s platform is a BaaS — which can be deployed as a private blockchain on enterprise network. Our face recognition system (Face Pass) is similar to Face ID, but functional on all devices, not just iPhone X. And we have other competitive solutions which will be added on top of the scalable iTrue platform by in-house and third-party developers.


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    How the token refund works

    The funds (received from the sale of tokens on the W12.io platform) are given to the project in installments after the end of each stage of its roadmap. If the project does not fulfill its obligations, users will be able to get a refund from the project’s fund.

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