This is going to be the first in what will end up being a long and ongoing series of posts that deconstruct various “blockchain and identity” projects. I was inspired to get started after getting a min into the video explaining this identity system and at least thinking ‘screaming’ in my head NO! NO! NO! that is a horrible horrible design you can’t do that with people and their ID information in the block chain. So then the next question is WHY and that is why I’m going to start writing about specific systems and really going into the details. There is just some things that you CAN NOT DO with people’s identity information.
So here we go… Velix.ID Video:
We share our identity information everywhere – check
- Examples include, ordering pizza, getting laundry done, shopping online OR filling in KYC forms – ok check but really are this all equivalent?
Accessing these many services scatters our ID everywhere – Yup when we do businesses with companies they have information about us.
We loose control of how our information is shared and used – Yep it is in their databases and could end up being sold or traded two third parties (other businesses we don’t transact with)
We loose time with all that form filling. – Ok. Time that could be better used playing video games – ahh ok but some people actually take care of people and have physical hobbies who wrote this script and who are you appealing to when that is the thing you think people are needing more time for?
With Velix you can access these services instantly while you retain control fo your data and your privacy – Ok and how do you do this for realz?
So how does Velix work – do tell?
A user can create a profile and update all their information on it – ahh ok – where is the profile?
All of the data will be associated with an 8 digital alphanumeric ID – WAIT STOP – all my information is associated with one 8 digit number? So if I share my number with one business and then go to a different business and share my 8 digit number with them – the businesses can use this information to know that I patronize both of them? My information can be correlated together. This is not a good design choice and is not privacy protecting.
And this data is stored on the user’s own device, never with Velix. – ah ok and what if I loose my device?
This Velix ID can be shared by the user to access any member services with any business instantly and securely – Wait, how?
If any business has already verified information of a Velix ID user other businesses don’t have to repeat it. The new business on the Velix.ID can simply request the verified identity from the business organization that has already verified it through Velix.ID blockchain – So this raises lots of alarms, getting verified ID information from one business that I do business with requires I reveal who I do business with and has verified things about me and for them to go to the trouble to releasing the information.
To facilitate these transactions and identities Velix.ID has developed its own native utility token called VLX. During the transaction the business requesting the identity pays VLX and a tiny bite is taken by Velix.ID and a tiny bite is offered to the user for their generous act of giving consent for the transaction to occur and the rest goes to the verified identity provider. – mmm ok but we still have all these challenges of linking and connecting things together.
This process saves time and money both for consumers and businesses. And keeps the users identity information secure and private – i’m not really clear how. Individual’s identity information is still shared with businesses I do business with.
The next time you face boring and unsafe personal identity verification use your Velix.ID instead. A frictionless experience of identity sharing – mmm…only if the relying party is in this system and accepts these types of identity.
Reading the White Paper on their website
A few lines stood out and raise red flags.
In the Abstract: The primary reason why a disruption in the identity-verification (IDV) space has not het happened is the lack of a tested/proven trust-framework on which all institutions, globally can rely on for sharing costs and liability of identity verification. Velix.ID aims at bridging this gap by building a universal, obscure, transparent, decentralized, time efficient, and cost-efficient ecosystem for identity verification.
So there won’t be ONE global framework for everyone to get all their identity verified. Just won’t the world is to big and there are to many different types of identities, types of transactions and needs of people.
All identity holders on the Velix.ID ecosystem possess a unique identity number to which all fo their data will be associated!!! red flags all over the place all my stuff about me associate with one number this IS the issue we have now. That identity numbers that are universal and point at me. They create massive correlation issues – you guys need to read the Laws of Identity and understand one of those key concepts – the Law of Directed Identifiers.
Level 2 Advanced PII – the platform will be capable to store nonstandard and industry specific data for an Identity on the Blockchain – WAIT HOW? NO PII should ever be store anywhere on a block chain.
In the Appendix: They want to issue Velix.ID cards to people, with their 8 digit number. They say this will let you check-in to airports and hotels – but ONLY if these institutions accept the Velix.ID as an identity provider.
How can this be a universal ID system if there aren’t even a Billion Numbers in the 8 digit name space. Is that the main giveaway that this is just a total scam?
So there is also plan to have an NFC reader that would would be able to manage access control to physical spaces. – Ok…but really? Cause this problem is mostly solved for employees and students.