In today’s practice, without having such verifiable identity, many persons will not be able to access financial institution in order to get credit or value. It can be considered as something which avoids the development of economic sector.

Furthermore, the inability of people to validate their identity can also slow down the access of several basic human rights including healthcare and education. Then, what makes it important before we are talking about Everest? Keep reading and get the answer.

What is Everest?

Coming through the problems faced in economic development, Everest steps in as a decentralized platform that is designed for a new economy that incorporates several features to provide a complete solution for the problems.

One of the features that you can take into account is its system of native biometric identity, multi-currency wallet and EverWallet which is aimed to offer a comprehensive solution for the Everest users out there.

How it works?

There are several terms that you need to remember when it comes to Everest. There are EverID Token, EverWallet, EverChain and CRDT Crypto. Each of the components will have its own functions and here is the quick overview of each of them.

· EverID

EverID here refers to the decentralized identity platform which is utilized by the Everest. It is a decentralized application for mobile which delivers its users control over anything they record, update, store or transfer.

· EverWallet

This feature will be included to the EverID app. The wallet will be able to support various types of currency and also document storage. It will be available to accompany organization in order to include into other solutions of software.

· EverChain

For the EverChain, it actually refers to the underlying of technology that records all the transactions you done within the Everest system. It can deal everything from the simple exchange of value to document sharing. All the data recorded will be secured into Ethereum blockchain.

Moreover, there will be ID token which becomes a utility token which makes the token holder able to access to the Identity Network as well as each exchange of the value in the economy. Obtaining payment will always be free within the system.

Solutions Offered by Everest

In addition, it will be a good thing for you to learn that there are some ways that you can make use of the Everest. Thanks to the scalable payment solutions that are allowed by the system, Everest uses cases include cash transfer, micro-finance, micro-insurance, remittance, medical records, ID verification and land.

For example, when it comes to the cash transfer, Everest will perform to facilitate transfer of cash between parties and then validate the money 100 percent due to the participants have been verified biometrically.

Conclusion

With the existence of Everest platform here, it seems like a new economy which has device-free identity verification will be possible. By this platform, it will be more likely to reduce costs related to data verification and access. Leakage and fraud seems be able to be prevented as well. So, let’s join this platform if you are interested.

For detail information:

Website : https://everest.org/

ANN : https://bitcointalk.org/index.php?topic=4756978.0

Whitepaper : https://everest.org/wp-content/uploads/2018/08/Everest_whitepaper.pdf

Telegram : https://t.me/Everestdotorg

Reddit : https://www.reddit.com/r/EverestDotOrg/

Twiter : https://twitter.com/everestdotorg

Author : sinthan (https://bitcointalk.org/index.php?action=profile;u=1769240)