Everest is a for-profit organization that will fund the non-profit Identity Network (IN) foundation. Institutions, corporations, and government organizations can effectively, cheaply and quickly validate user identity, at scale. Value can then be transferred securely to the correct recipient with reduced transaction costs, lower losses from leakage, and innovations in service and value transfer. The Everest platform facilitates verification of users by multiple third-parties and allows the secure transfer of value between members of the system. The core focus of the Everest operating company is to create economic and social value.
Everest-is a technological solutions in the field of Finance. Thanks to this decentralized platform, users will be able to use high-quality financial services while qualitatively identifying their identity. Everest is building the biggest single opportunity for expanding financial inclusion amongst emerging markets and established financial institutions. The platform is available to all human beings from birth until death. It does not require a mobile device to join, is encrypted to protect users’ privacy, and is interoperable with other systems.
PURPOSE OF EVEREST
The Everest protocol and platform have been purpose-built to instantiate the Principles of Identification for the Sustainable Development Goals, and build a scalable, robust and equitable economy for the planet.
• All individuals should be included
• If an individual does not have access to technology, they should still be able to participate
• The system should be available forever
• All individuals should be specifically identifiable
• All information about an individual should be stored in the most secure manner possible
• The individual should possess and control their identity
• The individual should be able to selectively share their identity information per interaction
• The individual’s information should not be owned or controlled by anyone other than the user
• The system should be resilient against attack
• The system should be able to bridge to other systems
FEATURES OF EVEREST
– Personal Empowerment Through Identity
Everest, with EverID, has created a universal digital identity that will elevate all of humanity into the global market, thereby providing access to a robust set of services in order to enhance livelihoods and promote economic development.
– Institutional Investment Through Transparency
Everest, through EverWallet, provides the ability to remotely verify the recipient of value transfer, at scale, combined with fast user verification, will propel institutional investment in the economy of countries in emerging markets.
– Confidence Through Immutability
Everest, through EverChain, is able to deliver a robust transaction system designed to record all transactions and provide them to be reviewed forever. Built on top of the distributed ledger technology that powers the Ethereum smart contract system, EverChain benefits from the depth of development talent and the community that has made this the most accepted smart-contract system available.
– A Permanent Utility for Humanity
The Identity Network foundation, the non-profit guardian of the Everest Platform, will be an autonomous, non-capturable, decentralized network, owned by no one, functioning in perpetuity and embodying the Principles of Identification for Sustainable Development Goals (SDGs) in its software.
– Everest is A Complete Solution
Everest gives individuals the tools to manage, and protect, their own data through a decentralized identity platform (EverID), a value transfer/storage solution (EverWallet), and a robust transaction system (EverChain).
A user-centric, self-sovereign identity system that is designed to bridge the digital and physical worlds through individual biometric identity. Each individual identity and each transaction are recorded into a durable, permanent, auditable storage system powered by private Ethereum blockchains and an IPFS Storage Array. Everest will continue to add biometric identification methods to EverID as the capabilities of mobile terminals change. EverID allows individuals to be in control of their identity information, how that identity information is used, and by whom.
Leveraging EverID as the definitive source of identification of the individual, provides value exchange and document storage to anyone, without requiring them to own technology. The wallet used by Everest is forked from one of the most known wallets in the Ethereum ecosystem, and it has not been hacked to-date; further, the modifications made to the wallet for Everest’s purposes are minor and not exposing any security risks.
A private, permissioned instance of the Enterprise Ethereum blockchain is the robust transaction system that records all of the value transfers, identity verification, API transactions, and activity on the Everest platform.
Host the centralized resources needed to operate the Everest Platform, which ensure that the individual’s information is always available and backed up and that the platform is able to interact meaningfully with external resources. Decentralized computing, biometrics, mobile devices, and wireless networks are sufficiently mature to already support widespread adoption. Decentralized computing is a viable store of value and, due to the creation of Bitcoin and Ethereum, can be used as an application platform and the foundation of other solutions.
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Author : adempostaci
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