Everest Decentralized Platform

As we all know,

Everest org EverID has built a decentralized digital identity system to store and confirm user identity, documentation, and biometric data. This platform is available for all humans from birth to death. Does not require a mobile device to join, is encrypted to protect user privacy, and can be operated with other systems.

The material about the Everest project is very good at the moment, I'm sure this project is very useful for all of us.

Abstract

Of the 7+ billion people on Earth, over 1.1 billion1 still lack any form of legal identity,

1.5 billion2 cannot prove their identity, close to 1.7 billion3 are without a bank

account, and 5 billion do not have a smartphone or access to digital wallets.

Identity verification is an obstacle to growth in emerging markets as it prevents

people from accessing formal economic services, such as banking, insurance, and

lending. Ultimately, this significantly limits the number of people who can access

the economy, and thereby stalls economic development at the institutional level.

Without a verifiable identity, economic exchange and value storage become very

difficult.

As the mainstream economy continues to digitize, it will not just be the ‘unbanked’

and ‘unverified’ that struggle to join economic systems. A device-free, universally

accessible, digital identity provides the opportunity for the entire world to join the

global economy.

EverID’s Decentralized Platform

Everest has built a decentralized platform made up of three components: EverID,

a digital biometric identity system to store and confirm user identity data; EverWallet,

a multi-currency digital wallet with built-in , document storage, and EverChain,

a blockchain-based transaction system. The platform is available to all human beings

from birth until death. It does not require a mobile device to join, is encrypted

to protect users’ privacy, and is interoperable with other systems.

Institutions, corporations, and government organizations can effectively, cheaply

and quickly validate user identity, at scale. Value can then be transferred securely

to the correct recipient with reduced transaction costs, lower losses from leakage,

and innovations in service and value transfer.

Everest Delivers Decentralized Identity with EverID

Personal Empowerment

Everest, with EverID, has created a universal digital identity that will elevate all of

humanity into the global market, thereby providing access to a robust set of services

in order to enhance livelihoods and promote economic development.

The Identity Network will be an autonomous, non-capturable, decentralized network,

owned by no one, functioning in perpetuity and embodying the Principles of

Identification for Sustainable Development Goals (SDGs)6 in its software.

Everest gives individuals the tools to manage and protect their own identity data

through a decentralized identity platform and a value transfer solution based on

blockchain technology.

Multiple types of biometric information for each identity are recorded and stored

in the Identity Network. Legacy identity documents, including national ID cards,

driver’s licenses, passports, voter ID cards, etc. are captured, as are 3rd party attestations

by cryptographically signing those affirmations of claims.

The individual’s data is recorded in a manner that allows the individual (not a government,

organization, or company) granular control of how it is shared, with whom,

and for how long. This sharing mechanism is enforced by smart contracts per transaction,

with automated resolutions.

If an individual does not possess the technology, an agent system will enable them

to be enrolled via the Everest Agent DApp. Public Access Devices (PADs) will be

used for EverID validation, EverWallet use, and data updating. PADs will use a Software

Development Kit (SDK) to add identity validation and wallet services to devices

for banking, government services, healthcare, and more. The Bridge Service

allows a user to securely access and use their data from their EverID and EverWallet

on another device that they do not own.

Institutional Investment

Everest, through EverID, provides the ability to remotely verify identity, at scale,

enabling institutional investment in the $20 trillion-dollar economy of countries in

emerging markets. The advances made possible through economic inclusion means

this economy will be transformed into a $40+ trillion opportunity when identity is

fixed and true value transfer is made possible. EverID makes user validation faster

and more cost-effective than ever before.

The Identity Network will be continually funded in order to exist and will provide

identity verification services to users indefinitely. The internal governance of the

foundation is constructed to provide a clear, standard operating procedure and a

mechanism to perpetuate, operate, govern, and evolve to remain relevant and secure.

Universal identity will allow institutions to expand into emerging markets. It will

promote individual economic development through financial systems such as credit

and insurance, and gives over half the world a new on-ramp to the global digital

economy.

Everest Principles

The principles guiding the technical and governance design of Everest reflect the

Principles for Identification for Sustainable Development, as set out by the Center

for Global Development and the World Bank.

These principles are: that privacy is a human right and that individuals should have

control over and effectively own their own database of identity elements, including

their biometrics. Information should only be shared with the express consent of the

user and there should be recourse if a user’s rights are violated.

Users should be informed and compensated for access to their identity information

and able to share data with another party or deny access selectively. We propose

to fund a network of identity verification nodes which will be governed as a standalone

foundation to ensure longevity, security, and transparency.

Everest operates under the following unanimous, unchanging beliefs and principles

about identity information:

• All individuals should be included
• If an individual does not have access to technology, they should still be able to participate
• The system should be available forever
• All individuals should be specifically identifiable
• All information about an individual should be stored in the most secure manner possible
• The individual should possess and control their identity
• The individual should be able to selectively share their identity information per interaction
• The individual’s information should not be owned or controlled by anyone other than the user
• The system should be resilient against attack
• The system should be able to bridge to other systems

Project Architecture

Everest is a for-profit organization that will fund the non-profit Identity Network

(IN) foundation. The IN foundation is designed to ensure transparency, neutrality,

security and longevity of the Identity Network.

This economic model will sustain this organization by earning market rates for identity

verification from organizations such as government institutions and commercial

organizations. The IN foundation will have an independent board of directors,

drawn from internationally and regionally recognized global organizations, NGOs,

IGOs, and philanthropic organizations that share the same principles surrounding

the right of identity as Everest.

The management of the IN foundation and the Everest operating company are

mostly different as their primary focus is different. The IN foundation is governed

by a board of caretakers, the criteria for selection of which is that the organization

must be a not-for-profit organization or an economic development focused organization

and show at least 10 years in serving the public good. The Everest operating

company will then be managed by a CEO, CTO, and management team.

Everest Platform

Everest combines EverID, a user-centric self-sovereign identity solution, with EverWallet,

a value transfer and document storage solution, which are based on blockchain

technology and the cryptographic underpinnings of that system. The core

focus of the Everest operating company is to create economic and social value.

Institutions, corporations, and government organizations can effectively, cheaply

and quickly validate user identity, at scale. Value can then be transferred securely,

to the correct recipient, with reduced transaction costs, lower losses from leakage,

as well as innovations in service and value transfer. Everest facilitates verification

of users by multiple third-parties and allows the secure transfer of value between

members of the system.

Identity Network

Everest will fund the non-profit Identity Network foundation that will oversee elements

of the shared systems in the Everest Supernodes. If $10M USD is raised

from the initial token sale then 5% will be allocated to establish the Identity Network

foundation and for every USD$ 1.00 above $10M, 2% will be allocated to the

Identity Network foundation.

The governance of the Identity Network foundation will be to safeguard the independence,

and transparency of the network so that it exists for humanity forever.

Everest will donate a percentage of capital raise per the above, plus a percentage

of identity verification earnings on an on-going basis, thus creating a self-funding,

autonomous network.

The responsibilities of this governing board will be to ensure the network cannot

be taken over and transactions are transparent and to maintain at least 50% authority.

In a “proof of authority” network, this prevents any organization, including

Everest, from ever changing the base code. They will also be required to establish

independent observer nodes and ensure that two board members are signatories on all code releases.

Blockchain Technology

Technological Principles

The Everest infrastructure is operated on a series of supernodes in the network.

These supernodes are the host of the blockchains. They also host the per-user IPFS

storage locations, the Conduit System to integrate other systems and data, the

Bridge Service to allow individuals to transfer their data to an Everest app and the

API Server to enable transactions from SDK-enabled devices.

The data on the supernodes are secured with the user’s public/private keypair,

biometry, as well as a password/PIN. There is no ability to DDOS the Everest infrastructure

as it is decentralized, has a financial disincentive in fees charged for

transactions, and API requests are funneled through a queueing regulator. This

ensures that there is equal access to the services and mitigates potentially negatively-impacting

usage or load.

The Everest DApp and Everest Agent DApp are both based upon a cryptocurrency

wallet for the Ethereum blockchain. The DApps in the Everest system are also secured

with the user’s biometrics and a password/PIN, as is the Bridge Service.

The Everest API and SDK are secured by a per-partner API key and per-partner

SDK implementation key. These two keys are enrolled in the Everest system. The

SDK requires that the SDK implementation key is embedded in the software of

the Public Access Device (PAD), however, the API key can be refreshed, enabling

the prevention of key hijack compromising the system. In the case of a key hijack,

a new API key is issued to the partner organization, and through the SDK, updated

on uncompromised devices. Their SDK implementations when trying to access the

supernodes are then challenged to provide the correct API key, and if the API key

hasn’t been updated, the host device has been compromised and can be blacklisted.

The storage array of the user’s identity information is known as an EverID Datagram.

It consists of a nested series of information locked behind biometric locks

and knowledge locks (password, PIN) designed to bootstrap the unlocking of the

next section of the datagram. Each individual has an EverID Datagram stored in IPFS on the supernodes, referenced by the smart contract which recorded their

identity to the EverID Blockchain.

Through the API and SDK, the EverID and EverWallet components of the Everest

System can be integrated into other applications and other devices not addressed

by Everest’s product offering.

Through the Conduit System, disparate sources of information can be integrated

into the user space allowing the individuals to incorporate data from existing systems

into their EverID.

This technological system ensures users remain in control of their data with secure

and anonymous transfer, even when working with multiple third-parties.

Everest Technology Stack

The infrastructure that supports identity ownership, secure value transfer and

third-party integrations.

Architecture Diagram

This is the conceptual model of the behavior of the Everest system.

Biometrics

EverID uses biometry, or the specific unique physical or behavioral characteristics

of individuals, to identify users.

Biometric capture capabilities have been added to mobile phones, and those capabilities

have evolved over time. Everest will continue to include sources of biometry

into EverID as they become commercially available in new devices. The

user’s biometric samples will be refreshed over time as frequency rules, biometric

sample types, and system requirements change. Currently, EverID leverages both

facial and fingerprint scanning, both of which achieve very high accuracy and are

sourced from industry leaders that regularly supply such services to banks, nations

and large organizations. By including two sources of biometry, EverID achieves a

higher level of security than most in the market. As biometric advances are made,

Everest will incorporate additional sources of biometry into EverID, including iris,

pulse, voice, and DNA. Each biometric lock is accompanied by a user knowledge

proof to ensure user consent to the transaction.

By recording biometric characteristics into EverID, the Everest system is able to

identify specific individuals and ensure that each user has one and only one EverID

record, preventing Sybil attacks.

EverID Datagram

The EverID Datagram is the proprietary storage file of the user’s identity information.

The EverID Datagram is resident on the user’s mobile device and in the EverID

Supernode. Any updates to the Datagram are mirrored/ synchronized with the other

copies of that individual’s Datagram on their devices or in the EverID Supernode

as soon as the devices come online.

An Everest DApp, Agent DApp, or Everest-enabled device can create an EverID

Datagram.

However, external access to the EverID Datagram is only possible through the Everest

API.

The EverID Datagram, and its storage are in the control of the user at all times, allowing them to decide who has access to what information, and how that information

is stored in the long-term. If the user wishes to delete their EverID, the

anonymous biometric identifier used during enrollment persists. This prevents the

user from attempting to create a different identity in the system.

The smart contract which records the user’s EverID will be closed in a special manner

which marks the EverID as inactive preventing future use, removes the pointers

associated with the storage of the user’s EverID Datagram, and encrypts and seals

the storage with a special user key created by a mnemonic. For the user to recover

their EverID they would need the mnemonic for the special user key, their biometrics,

their PIN and password. This conforms to the privacy requirements to allow

the user to control, modify, or disable their identity information from being used.

The special “delete EverID” logic conforms with the “right to be forgotten” and

“right to erasure” requirements of the Data Protection Directive (Directive 95/46/

EC) and General Data Protection Regulation (GDPR EU 2016/679) respectively, as

the information is neither indexed by an external entity, nor available on the public

Internet.

Everest core smart-contract utilization matrix:

Ethereum Private Blockchain

The Everest decentralized identity and transaction platforms are both captured

and stored in a set of private instances of the Ethereum blockchain. The Ethereum

blockchain is an evolution of the shared ledger system underneath the bitcoin

cryptocurrency.

Roadmap

Everest has commitments from UN agencies, banks, insurance data aggregators,

and governments to roll out in excess of 3 million EverIDs in the next year.

Information Details :

Website : https://everid.net/

Whitepaper : https://everid.net/wp-content/uploads/2018/07/ever_id_whitepaper-1.pdf

ANN THREAD : https://bitcointalk.org/index.php?topic=4756978

Twitter : https://twitter.com/@EverID

Medium : https://medium.com/@EverID

Telegram : https://t.me/EverID

Author : G_Besar

My Profile : https://bitcointalk.org/index.php?action=profile;u=911702