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Velix.ID

About Velix.ID - A Global Platform for Frictionless Identity Verification

Velix.ID

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1
A BLOCKCHAIN-BASED DECENTRALIZED GLOBAL PLATFORM FOR
FRICTIONLESS IDENTITY VERIFICATION
Read our White Paper
WWW.VELIX.ID Read our Token Paper
2
What is Velix.ID?
A Regtech Platform for Frictionless Identity Verification.
Current methods of Identity Verification
are SLOW, UNSECURE and EXPENSIVE
for both businesses and consumers. 

Billions of Dollars are lost in the process
of Identity Verification and to identity
theft.
Velix.ID aims to solve this multi-billion-dollar
Identity crisis by building a UNIVERSAL,
OBSCURE, TRANSPARENT, DECENTRALIZED,
TIME & COST-EFFICIENT blockchain-based
Ecosystem for Identity Verification.
5001 001
3
IDENTITY VERIFICATION
COST PER YEAR
$200
Billion
Billion
IDENTITY THEFT
COST PER YEAR
$100
TOTAL IDENTITIES IN
THE WORLD
7.3
PRIMARY TARGET
MARKET POPULATION
1.3
Market Statistics
G l o b a l I d e n t i t y M a r ke t
Billion
Billion
2017 Rhino Minimalist Theme. All Rights Reserved.
4
INDIA
PRIMARY TARGET MARKETS
AUSTRALIA
IDENTITIES : 1.3 BILLION
GDP : 2.2 TRILLION
GOVT DATA AGENCY : UIDAI
CITIZEN ID : AADHAR
IDENTITIES : 24.2 MILLION
GDP : 1.2 TRILLION
GOVT DATA AGENCY : DBF
CITIZEN ID : NONE
2017 Rhino Minimalist Theme. All Rights Reserved.
5
How Do We Do It?
Decentralize the ecosystem —
mitigate all data liabilities by
saving the data on the Users
device
NO STORING
USER’S DATA
Give each User a 7-Digit
Unique ID
UNIQUE ID USER CONSENT
(AND CONTROL)
ATTESTATION
THROUGH BLOCKCHAIN
PLAY VIDEO
fast and secure Transactions
ensured through attestation by
Oracle Nodes on the Blockchain
No User’s data can be shared
with anyone without their explicit
consent
Velix ID - 5001 001
6
BLOCKCHAIN TECHNOLOGY
USERS
• VERIFIED-IDENTITY HOLDER
• VERIFIED-IDENTITY SEEKER
• VERIFIED-IDENTITY PROVIDER
PII (PERSONAL IDENTIFIABLE INFORMATION)
An Identity Verification process that is secure, obscure, decentralized, transparent, universal and cost-
optimized for both businesses and users.
VELIX.ID ECOSYSTEM
• LEVEL 0 - BASIC PII
• LEVEL 1 - VERIFIED PII
• LEVEL 2 - ADVANCED PII
• LEVEL 3 - BEYOND PII
• SMART CONTRACTS
• ZERO KNOWLEDGE PROOFS
• STELLAR CONSENSUS PROTOCOL
(SCP)
• ADVANCED HIERARCHICAL
DETERMINISTIC (HD) WALLETS
PII (PERSONALLY IDENTIFIABLE INFORMATION)
USERS

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Velix.ID

  • 1. 1 A BLOCKCHAIN-BASED DECENTRALIZED GLOBAL PLATFORM FOR FRICTIONLESS IDENTITY VERIFICATION Read our White Paper WWW.VELIX.ID Read our Token Paper
  • 2. 2 What is Velix.ID? A Regtech Platform for Frictionless Identity Verification. Current methods of Identity Verification are SLOW, UNSECURE and EXPENSIVE for both businesses and consumers. 
 Billions of Dollars are lost in the process of Identity Verification and to identity theft. Velix.ID aims to solve this multi-billion-dollar Identity crisis by building a UNIVERSAL, OBSCURE, TRANSPARENT, DECENTRALIZED, TIME & COST-EFFICIENT blockchain-based Ecosystem for Identity Verification. 5001 001
  • 3. 3 IDENTITY VERIFICATION COST PER YEAR $200 Billion Billion IDENTITY THEFT COST PER YEAR $100 TOTAL IDENTITIES IN THE WORLD 7.3 PRIMARY TARGET MARKET POPULATION 1.3 Market Statistics G l o b a l I d e n t i t y M a r ke t Billion Billion
  • 4. 2017 Rhino Minimalist Theme. All Rights Reserved. 4 INDIA PRIMARY TARGET MARKETS AUSTRALIA IDENTITIES : 1.3 BILLION GDP : 2.2 TRILLION GOVT DATA AGENCY : UIDAI CITIZEN ID : AADHAR IDENTITIES : 24.2 MILLION GDP : 1.2 TRILLION GOVT DATA AGENCY : DBF CITIZEN ID : NONE
  • 5. 2017 Rhino Minimalist Theme. All Rights Reserved. 5 How Do We Do It? Decentralize the ecosystem — mitigate all data liabilities by saving the data on the Users device NO STORING USER’S DATA Give each User a 7-Digit Unique ID UNIQUE ID USER CONSENT (AND CONTROL) ATTESTATION THROUGH BLOCKCHAIN PLAY VIDEO fast and secure Transactions ensured through attestation by Oracle Nodes on the Blockchain No User’s data can be shared with anyone without their explicit consent Velix ID - 5001 001
  • 6. 6 BLOCKCHAIN TECHNOLOGY USERS • VERIFIED-IDENTITY HOLDER • VERIFIED-IDENTITY SEEKER • VERIFIED-IDENTITY PROVIDER PII (PERSONAL IDENTIFIABLE INFORMATION) An Identity Verification process that is secure, obscure, decentralized, transparent, universal and cost- optimized for both businesses and users. VELIX.ID ECOSYSTEM • LEVEL 0 - BASIC PII • LEVEL 1 - VERIFIED PII • LEVEL 2 - ADVANCED PII • LEVEL 3 - BEYOND PII • SMART CONTRACTS • ZERO KNOWLEDGE PROOFS • STELLAR CONSENSUS PROTOCOL (SCP) • ADVANCED HIERARCHICAL DETERMINISTIC (HD) WALLETS PII (PERSONALLY IDENTIFIABLE INFORMATION) USERS
  • 8. 8 Who are the users on Velix.ID? U s e r s i n te r a c t i n g t h r o u g h Ve l i x . I D E c o s y s te m Any individual can join the Velix.ID ecosystem as an Verified Identity Holder. Each Identity holder will possess a unique Identity number to which all of their data will be associated and can be used for their identity verification. VERIFIED-IDENTITY HOLDER VERIFIED-IDENTITY SEEKER VERIFIED-IDENTITY PROVIDER Any business which needs an individual’s verified identity—but does not want to invest time and money in verifying the identity themselves—can use the Velix.ID ecosystem as verified Identity seekers. Institutions or businesses—that engage in the process of verification of identity related information of an individual or a business— qualify to be verified-identity providers.
  • 9. 9 VELIX.ID Features Things we boast about! Decentralised No single point of failure. Compromise of one node does not compromise the entire system. User Optimized Velix.ID improves the efficiency and reduces the time and cost of identity verification. Transparent VelixID ecosystem provides verifiable authenticity for every transaction made on the blockchain. Universal Velix ID is a global platform. VLX tokens facilitate near-instant transactions between any people across the world. Obscure Use of zero knowledge proof ensures that the information about transacting parties is kept hidden from public view. Secure No storage of User data with Velix.ID. Breach of Velix.ID does not compromise User data.
  • 10. 2017 Rhino Minimalist Theme. All Rights Reserved. 10 Strength Overview EXPERIENCED TEAM & ADVISORS • Unique 7-digits ID — A decentralized system safe from mass data breaches — segregation of User Information based on security risk • Complements not competes existing systems, including centralized IDs issued by the government. • Improves User Experience for Businesses & reduces their costs. SOUND CONCEPT BACKED BY INDUSTRY LEADERS • Backed by India’s largest blockchain foundation from Nokia, YesBank, Accel Partners, etc. • Partnered with some of the largest Cryptocurrency exchanges in India for KYC including Coinsecure & Bitxoxo. • Veterans from both identity and blockchain spaces, and 100+ years of total experience for team and advisors.
  • 11. 2017 Rhino Minimalist Theme. All Rights Reserved. 11 Weakness Overview LEGAL AMBIGUITY • No first move advantage: some blockchain identity startups already exist although with different target markets EXISTING COMPETITION RESOURCE LIMITATION • Limited skilled workforce in India acquainted with Blockchain Technology. • Lack of capital intensive origins: resource limitation. • Legal uncertainty related to Cryptocurrencies across the world.
  • 12. 2017 Rhino Minimalist Theme. All Rights Reserved. 12 Opportunities Overview INCREASING AWARENESS • Untapped 1.3 Billion Target Market of India. • Absence of any unique single ID in Australia wether centralized/ decentralized VIRGIN PRIMARY TARGET MARKET EMERGING INTEREST • Increased interest in Blockchain as a Technology among the general population, and its implementation across various sectors to solve societal challenges. • Emerging need for Identity security with increased awareness about various threats related to Digital Identity.
  • 13. 2017 Rhino Minimalist Theme. All Rights Reserved. 13 Threat Overview ALTERNATE IDENTITY SOLUTIONS • Changes in Regulations and Governmental Crackdown on Cryptocurrencies. LEGAL REGULATIONS FUD • FUD (Fear, Uncertainty, and Doubt) among the general population relating to Crypto and Blockchain. • Centralized ID Systems backed by Govt. and other influential organizations. • Emergence of other technology that can inspire trust of Users.
  • 14. 14 Our Stellar Advisors P e o p l e M e n to r i n g U s Mohit Kalra CEO, CoinSecure Tony Simonovsky BnkToTheFuture, KickICO Manan Mehta PundiX, Crypterium Prof Simon Choi Trade.IO, Covesting Julian Smith CEO, Blockfreight Simon Noonan CIO, SportBet Peter O’Neill President, FindBioMetrics Mickael Fourgeaud PrimaBlock, Fenix
  • 15. 15 The Team P e o p l e w h o a r e w i t h u s i n o u r t h i c k a n d t h i n s Balwant Singh CTO & Co-Founder Manav Singhal CEO & Co-Founder Neer Varshney Communications & Outreach Guangling Yang Smart Contract and Blockchain Aajay Community Manager Piyush Goel Front End Developer Santosh Digital Marketing Priyanka Digital Marketing Shivam Mehan Operations Sumeer Pai KYC/AML Expert Pulkit Rawal Bounty Manager Aquil Graphics Vaishali Public Relations Abhinav Launch Strategist Somorin Roy Finance & Investments Mike Cunningham Community Head Animesh Full Stack Developer
  • 16. 16 HOW TO PARTICIPATE B u y VXD To ke n s Token Distribution 15% 30% 4% 16 35 TOKEN SALE TEAM AND ADVISORS* COMMUNITY AND PARTNERSHIPS* BUSINESS PARTNERSHIPS* FUTURE CROWDSALE* LESS THAN 0.1 ETH 0% 0.1 ETH - 0.5 ETH 5% CROWDSALE PARTICIPATION BONUS ( 4 WEEKS ) 0.5 ETH - 1 ETH 10% 1 ETH - 5 ETH 20% 5 ETH - 10 ETH 30% 10 ETH - 50 ETH 40% PRIVATE AND PRE-SALE BONUS FOR LARGE BUYERS * Vesting structure apply
  • 17. 17 Roadmap - Previous O u r s to r y t i l l n o w C O N C E P T U A L I Z A T I O N A blockchain-based universal unique ID for each individual 2016 R E S E A R C H & D E V E L O P M E N T Testing the concept over Bitcoin's, Ethereum’s, Stellar’s and other available blockchains V A L I D A T I O N Architecting the idea with a hybrid blockchain of Ethereum and Stellar — validation of idea by technical advisors 2017 J U N E 2017 M A R C H N O V E M B E R
  • 18. 18 Roadmap - Current T h i n g s ke e p i n g u s b u s y T E A M E X P A N S I O N Seed-funding raised, team expanded with Developers, Blockchain & Smart Contracts Experts, and PR, Strategy, and Marketing Professionals M V P & S M A R T C O N T R A C T Minimal Viable Product developed and launched on play store, and Smart Contract Deployed. 2018 T O K E N S A L E Presale and Crowdsale for the VXD tokens with bonuses. 2018 P U B L I C L A U N C H Concept launched publicly — Website, White Paper, and Public Communications, presenting the idea to potential advisors & partners. 2017 2018 M A R C H A P R I L D E C E M B E R J A N U A R Y
  • 19. 19 Roadmap - Current P R O D U C T P U B L I C L A U N C H Velix.ID App launch for PII Level 0, 1. Functional for use-cases such as e- commerce, KYC, etc. 
 Users Identified: 130 Million 2018 O P E R A T I O N S E X P A N S I O N I Expansion to 10 other Asia-Pacific Countries for PII Level 0,1. 
 Users Identified: 200 Million 2019 P R O D U C T U P G R A D E I App expanded to support PII Level 2. Functional for use-cases such as Hotel booking and Employment Details. 2019 M V P B E T A T E S T I N G MVP & Velix.ID Blockchain beta testing & development as per feedback from industry experts and Ecosystem users. 2018 N O V E M B E R O C T O B E R O C T O B E R J A N U A R Y T h i n g s ke e p i n g u s b u s y
  • 20. 20 Roadmap - Beyond O u r p l a n s b e y o n d P R O D U C T U P G R A D E I I App expanded to support PII Level 3. Functional for use-cases such as Medical Records. 2020 O P E R A T I O N S E X P A N S I O N I I I Expansion in Asia, Europe, Africa, and the Americas. 
 Users Identified: 500 Million 202O O P E R A T I O N S E X P A N S I O N I I Further expansion in Asia-Pacific and Western Europe. Users Identified: 300 Million 2020 M A Y M A R C HJ A N U A R Y
  • 21. 21 Thank You. Be a part of our growing community and help us realize our vision into reality. Social info@velix.id Email www.velix.id Website Get in touch with us White Paper Token Paper