Verifier Protects Against Scammers and Simplifies Your Life

Mar 06, 2018 at 19:28 // PR
Guest Author

The issue of trust is a central problem of the modern world, since as technology advances, so do the opportunities for faking documents and misrepresenting information. There are, unfortunately, times when you can't personally verify information.

Until recently, there were three ways to go: verify in person, trust the seller's word, or find your own trusted agent. All three options came with certain inconveniences, from time and labor costs to sizable financial outlays. It goes without saying that searching for, hiring, and paying agents requires time and money, not to mention that each specific verification case may require a different kind of specialized knowledge.

There is another way!

Even with these competing requirements, the Verifier team was able to develop a solution that will satisfy several stakeholders at once. They have, in effect, made it possible to officially confirm not just identity, but also the occurrence of any event, using a decentralized network of verifiers (DNV).

Now anyone can become a verifier by registering in the system and undergoing an internal verification process. The project also includes an internal system for keeping track of the verifiers’ competence in activities that also require confirmation. As a result, a verifier with the knowledge and competence needed to complete your assignment will be able to quickly verify the identity of a client, assess the condition of a property or vehicle, or certify the completion of a transaction with a specified deadline.

How it works

Verifier agents are on hand, waiting for your assignment. No matter where you are: at work, on vacation, home with the kids, or in another city or country, Verifier can provide authentication, delivery and information verification, as well as verification in other cases where a trusted agent is needed.

Here are just a few situations where this service would significantly simplify the process:

1. A bank requires you to be there in person to conduct a transaction (for a signature, ID check, authentication or order verification, or to receive a card).

2. When buying or leasing a car, the vehicle itself and IDs of both parties to the deal have to be verified. For a lease, you have to check the driver's license.

3. When you order something online, the shipment has the wrong items, or not all the items. Goods were damaged during a delivery, but you are unable to be present for the delivery.

4. Either you or another party needs notarization or a witness.

5. You need to verify your personal information when registering to trade on an online exchange.

Most importantly, we let the client and the provider directly agree on the cost of a given service. The recommended minimum price for verification has already been worked out by the project team and is not to exceed $10. All subsequent negotiations on service price can take place directly between client and provider and will depend on the complexity of the assignment and the competence the agent must have.

“We are calling for a free and fair market, just as the blockchain community calls for free and fair payments,” says Verifier founder Dmitry Nazarov. “For example, when doing verification for an exchange, the savings come from temporarily hiring an agent, for just a short time and for specific request. We should also note that the exchange can always choose to vary the verification difficulty level for a given client. For example, for a majority of clients with a limit of up to $1,000, the exchange can choose not to call an agent and allow the client to go through selfie authentication.”

About the project

The blockchain service Verifier is based on the secure transfer of data within the system, using a chain of linked transaction blocks. The token issuance is intended to fund the launch and subsequent scaling of the verification service. Verifier Tokens (VRF) are Ethereum-based smart contracts.

The project's crowdsale will take place in two phases. The Presale has already been launched, during which only a limited number of VRF will be offered, with a discount for early investors. The majority of the tokens will be offered in April of this year, as part of the ICO, the main phase of the sale.

This press release is for informational purposes only and should not be viewed as an endorsement by CoinIdol. We take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy.  Readers should do their own research before investing funds in any company.

Show comments(0 comments)