The V-ID team who aim to corner the markets in document authentication and verification have held a very exciting ask me anything with the community come up with some brilliant questions.

One of the biggest questions in the community channels lately is when is the project going to be added to a big name exchange offering more awareness to the project.

Which Marnix van den Berg — Lead Development at V-ID answered:

“We are in contact with several large exchanges. the most important reason that we would like to list at a larger exchange is a rise in price. But many other altcoins that were listed on a larger exchange in recent weeks were faced with a fall in exchange price, so as you can imagine we are still being very careful at planning our next step”.

The token itself is currently only offered on Hotbit, IDEX, LATOKEN which can all agree are not powerhouses in the blockchain world but worry not more exchanges are coming.

Another great question about the possible other use cases of the V-ID token was asked by a fellow community members and if the team is solely focusing on verification of items.

Marnix van den Berg also had the honors of answering this question with his response being:

“Validation and verification will always be at the heart of the project. But with such a universal mechanic, the use cases will go in all kinds of directs. Beyond verifying files, we are working on use cases for KYC processes, access rights for construction sites (ID at the gate) and IoT processes and monitoring”.

The project itself is very exciting it has already shown so many use cases and the verification of the Rembrandt artwork is the projects claim to fame at present but don’t expect that to be the last.

One question that has been asked throughout the community channels is the project currently working on a digital identity solution.

Pim Voets — Lead concept designer for V-ID took these questions stating:

“Yes a kind of digital passport is something we are working on with at least 2 partner companies on a specific use case with the financial sector to start”

This sounds so promising for the team a digital passport would be a huge game changer in the fraud prevention around the web especially working with the financial sector this could easily be linked to our bank accounts.

Tomek from the V-ID community asked about how the project plans to scale on the Ethereum blockchain and can they batch to scale, and what would the prices be to verify documents on the network.

Marnix also answered this question with:

“Yes you can batch scan, but we prefer anchoring one on one hashes. 19 VIDT is needed per a file and batches would be more VIDT per transaction.

Joshua from the V-ID team also added:

“We can swap between blockchains or a combination of blockchains per case. Usually, allowing the customers to choose, So the cost of the transaction doesn’t matter for our service and we can always resort to using batches”

The team has made it clear that the Ethereum blockchain isn’t going to be a real problem or prices if the networks get clogged as you can choose to use other blockchains or a combination to issue the transactions.

Tomek then went on to ask about future customers and what’s currently stopping them getting on board with the project?

Joshua also handled this question stating:

“We will always be picking our customers to make sure we fulfill our mission. Time is definitely the biggest factor! the onboarding is a process we keep improving with the customer by customer, so it will be easier the further along we get”.

Joshua has pointed out that the project aims to work with hand-picked clients that best suit the team's strengths and look to make the boarding of clients smoother and more efficient moving forward.

JKC789 brought up a very valid point at the AMA asking “Can you guys give an example of the IoT application? The perception is that IoT must rely on a network that is able to support very high amounts of TPS and quick finality”

Pim from the V-ID team answered the question:

“With IoT, you would often work with aggregated data. The main importance is to secure the data that IoT sensors and recording. That data dictates the (automated) actions required, thus vulnerable for tempering”.

The V-ID project strives to offer the most secure and efficient service in the blockchain sector for verification and only use appropriate methods to achieve this.

Above is just some of the questions from the AMA session with the V-ID team. I will provide a link at the bottom of the page for the rest of the information from the session.

The session was very good all round and both the team and the community had fun exchanging questions and answers and getting to know each other a little better.

https://docdro.id/0XGKXZB