biometrids-logo
Company: BioMetrids
Industry: Identity Verification
Website: https://biometrids.io/
Whitepaper https://biometrids.io/#whitepaper
Headquarters: Denmark
Token: IDS
Platform: Ethereum
ICO Timeframe: 02/19/18 – 03/19/18 (ICO)
Token Supply: 100,000,000 IDS (75% Crowdsale)
 Score:  47/100

 

Biometrids provides a next generation solution to identity verification problems.  The project aims to make stolen passwords, names, social security numbers, and more, a thing of the past. Utilizing the facial recognition capabilities of smartphone devices, each individual will be facially recognized on the blockchain.  Biometrids strives to create a revolutionary “One Face, One ID” phenomenon.  It only takes a single recognition and no one will be able to manipulate identities on the blockchain.  With this system in place, the project leaders expect a drastic reduction in identity theft.

 

PROS:  Identity verification solutions in response to identity theft is a growing industry as crime in this arena has become more rampant, will take advantage of truly revolutionary solution that blockchain enables (favorable industry trends), favorable payout to nodes, low cost solution of $0.10 to $0.40 for transaction.

 

CONS:  Project is very early in development (65% of proceeds have been allocated to additional R&D), a number of similar ICOs have been launched in the identity protection space that are further along in development (not novel idea or first mover), small management team and not all are verified via LinkedIn etc.

 

SCORE:  47/100