ID MONEY
The GLOBAL MONEY mission is to become a decentralized multi-government currency, with a collaborative model that allows each individual to manage their personal information and finance. GLOBAL MONEY´s Smart Contract will present each individual with both the technology and the opportunity to develop an independent, transparent and decentralized token model that has not been possible via central bank. GLOBAL MONEY aims to transform itself into a world bank that has all the benefits of a regular bank but eliminates all the hassles and centralization issues of a traditional one.
OUR MISSION
• SOCIAL for four reasons: (1) the development of the governance model and blockchain wallet will be the result of the collaborative work of many people through the Drupal platform and other social platforms; (2) the local governments will be able to use the governance model and blockchain wallet software for socio-economic development and citizens’ empowerment; (3) the model gives everyone the opportunity to have a self-sovereign identity and hence, the possibility to create wealth for themselves; (4) the model envisages that a substantial 20% of the total value of IDMoney’s crypto tokens will reach directly the ID wallets of people in conditions of poverty;
• PUBLIC because local governments in direct relationship with citizens will be implementors and owners of the governance model and new blockchain wallet. This wallet is named Money Making Wallet for it is not only a storage wallet but, most fundamentally, the first wallet conceived to generate wealth for their owners.
• GLOBAL for two reasons: (1) the new governance model and blockchain will be the result of contributions from people across the world; (2) the ultimate goal is to set the foundations to facilitate the emergence of a wider global government community offering a decentralized multi government currency (a sort of world-wide distributed world bank) with self-sovereign virtual personality for citizens.
OUR VISION
IDMONEY WILL EXECUTE ITS VISION BY PROVIDING FOUR PRODUCTS:
Money Making Wallet software has already proved effective as it evolved from a title fraud prevention software used successfully by SCOTIABANK since 2007. Money Making Wallet will be developed under the free software license. This is strategic for IDMONEY, not only for its efficiency (open source) but also as it is in keeping with IDMONEY’S values of freedom.
By utilizing the Money Making Wallet, users will not only manage personal information but generate profit from their identity. They will be able to exchange personal data with financial institutions, marketing firms and other interested entities. Personal User information will be made available (on payment) to interested parties registered in the Money Making Wallet network. Along with establishing a self–sovereign identity for users, it will also function as a multi-currency crypto wallet as well as a personal data assistant.
The Smart Wallet system will allow users to make transfers and receive IDM tokens between wallets and as a multicurrency crypto wallet other cryptos may also be stored and transferred within the Smart Wallet. The Smart Wallet will additionally allow for the storage of personal information and documents and prevent fraud against its owner.
SELF-SOVEREIGNIDENTITY
This component provides a platform to integrate individuals as owners of their personal data. This is of considerable value to many entities and institutions that require this data from as many individuals as possible. It is of utmost importance to the institutions responsible for certifying this data as well. As users, businesses and local government institutions interact with each other within the network, and this feature will improve confidence in the data provided by the platform. This will ensure certified data is available in transactions. IDMONEY users will earn IDM tokens by choosing to exchange their personal data through the platform. This data will be made available to entities and institutions that for a fee. The owner of this information receives 50% of that fee, while 50% goes to IDMONEY.
IDENTITY THEFT AND CREDIT FRAUD PREVENTION
This component allows the IDMONEY user to certify his or her data with the corresponding authorized institutions. These institutions will authenticate and verify the user’s information before approving any and all transactions. In this manner, the user will enjoy a safe and secure self-sovereign identity.
FINANCIAL FRAUD PREVENTION IDMONEY
users can specify preferences regarding their assets and financial services. They can define limits on the use of their credit and debit cards or bank accounts, such as transfer amounts, dates, type of transaction, country of origin and all manner of parameters appropriate for the transaction that is being made.
TITLE FRAUD PREVENTION IDMONEY
users can protect their property and express their preferences regarding those assets; such as a desire to remortgage or whether assets are for sale. This data will be accessed by entities and institutions for a fee.
INHERENCE PROTECTION
This application feature will operate in 2019 and will provide an encrypted vault that will store a data and documentation on a user’s assets which may then be shared with beneficiaries according to a user’s will.
GOVERNANCE MODEL
Governance in our world has been defined as “the establishment of policies and continuous monitoring of their proper implementation by the members of the governing body of an organization”. Each governance model includes the mechanisms required to balance the powers of its members, and their primary duty of enhancing the prosperity and viability of the organization.
Imagine a world where everyone had a Self-Sovereign Identity and Virtual Personality that they own and govern exclusively. A world where a person is not just recognized as a legal persona validated by a record kept on a public entity’s computer, or as a figure endorsed by a social media platform. But instead, a world where self-sovereign identity is the recognized and respected norm. Governance Labs intends to make this concept a reality. Governance Labs is a consortium of individuals from all over the world who have been working together since 1988, developing, promoting and encouraging governments and institutions to establish the fundamental right of a virtual personality. Ten years ago, our founders contributed to the Costa Rican constitutional amendment regarding this fundamental human right and with the advent and revolution of blockchain decentralization, we are ready to advance this cause through the creation of IDMONEY
IDMONEY’S FUNDAMENTALS
A. EXISTENCE: IDMONEY will generate a unique user ID, exclusively owned by the individual. This will be a user’s self-sovereign identity. Not owned, controlled or dependant on a government, NGO, third party or corporation to exist.
B. CONTENT: These days the most regulated aspects of life are each individual’s content and data, which are the main components of the Fundamental Right to Virtual Personality which includes habeas data (access to information) and data protection regulations.
C. PRESENCE: Presence regulates and controls all the communication channels, including email, instant messenger, social media, and others.
D. PROJECTION: IDMONEY will provide several projections in that its software will allow each individual to control and manage their intentions regarding various aspects of their profile. It will allow each person to safeguard their intentions, thereby preventing identity theft, title fraud, and credit fraud.
Free software is strategic to IDMONEY, not just because of efficiency (open source), but because it aligns with IDMONEY values of freedom. By developing our software with a free software license IDMONEY lets the community use and enhance the software provided to make it better and more useful all across the globe.
creator
username : kaosbodol998
link profil btt : https://bitcointalk.org/index.php?action=profile;u=2038594
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