- Company Name: Chain ID
- Country of Origin: British Virgin Islands
- Industry: Legal
- Concept Short Description: Platform for keeping personal diplomas, certificates and licenses in blockchain
- Description: Although blockchain can be used to keep official documents, this possibility is currently under-explored. We at Chain ID create a blockchain based platform to issue, keep and present any type of official document for verification.
The common feature of such documents is that they contain very small amounts of text, but every word on such document has a great value. Another feature of these documents is that certain individuals have huge incentives to fake them. Combination of these factors (small text size, great value, and the need to protect from falsification) make such documents an ideal object to store in blockchain.
Chain ID platform will allow organizations, currently issuing such documents on paper or in the form of plastic card, simultaneously issue them as a record in blockchain. End users will have a wallet containing all their blockchain records, and will be able to present it online to any organization. For example, a job seeker can present their university diploma to a company when they apply for a job online. A recreational diver can present their diving license to a dive shop when signing to a dive tour online.
User credentials presented online can be checked automatically in real time. We plan to design a business widget which can be easily added to any website. This widget will extract user data from blockchain, perform all predefined checks and give a response whether the user has the required credentials or not. As in the previous example, the widget added to the dive shop website will check whether the user has a diving license, and will not let the user proceed with the application to a dive tour if they do not have the required license.
- Crowdsale Open Date:
February 1 2018 @ 7:00 am
- Crowdsale Close Date:
February 28 2018 @ 7:00 am
- Accepted Contribution Methods
- Token Name: CID
- Token Symbol: CID
- Blockchain Technology: Ethereum
- Total Token Supply: 10,000,000
- Crowdsale Token Allocation: 7,000,000