4. Enhanced Due Diligence, Know-your-Business & Specialised Compliance
Enhanced Due Diligence, Know-your-Business & Specialised Compliance (VDI Level 3) is designed to cater to the highest levels of authentication. It is suitable for situations that require enhanced levels of authentication, such as governmental voting, council voting, and more.
With its flexibility, VDI Level 3 can be tailored to meet the unique needs of specific industries that require various levels of authentication for specialist industry requirements, such as healthcare, transportation, and more.
Target Market & Applications
VDI Level 3 can be used in situations requiring the highest level of authentication and compliance. Examples include governmental applications, political elections, high-level corporate governance, legal proceedings, and specialized industry requirements such as medical records access, aviation security, and more.
All industries and entities that require the highest levels of compliance, authentication, and security protocols. This includes government agencies, high-security industries, corporations requiring specialized compliance, and more;
Government Agencies: VDI Level 3 can be used for governmental voting, council voting, and other high-security applications.
Specialized Industries: VDI Level 3 can be tailored for specific industries requiring unique and various levels of authentication, such as healthcare and transportation.
Corporate Governance: VDI Level 3 can be used for high-level corporate decision-making, providing secure and verified participation in governance activities.
Legal Proceedings: VDI Level 3 can provide authenticated digital signatures for legal proceedings, ensuring the utmost level of compliance and security.
Secure Data Access: VDI Level 3 can provide a secure and authenticated method for accessing highly sensitive or confidential data, such as medical records or financial data.
Property/Real Estate: Verticate can potentially tailor its Level 3 VDI for use in property transactions and real estate operations, offering a highly secure method for the transfer and storage of property ownership data.
Digital Asset Ownership: Verticate could leverage the security features of VDI Level 3 for digital asset ownership, providing a secure and verifiable way of maintaining ownership records for digital assets, such as non-fungible tokens (NFTs) and other digital collectibles.
Education Sector: Universities and other educational institutions could use VDI Level 3 to authenticate digital transcripts, certificates, and other documents, bringing greater trust and transparency to educational credentials.
Automotive Industry: The secure features of VDI Level 3 could be utilized for vehicle ownership records, providing a tamper-proof method of maintaining these records. This can be particularly relevant for the management of autonomous and shared vehicles.
Insurance Industry: The insurance industry could benefit from VDI Level 3 for managing insurance policies and verifying claims, ensuring the legitimacy of all transactions and claims.
High-security Physical Access: High-security facilities can use the Level 3 VDI as a form of authentication for granting physical access, reducing the risk of unauthorized entry.
E-commerce Authentication: E-commerce platforms could utilize VDI Level 3 for buyer and seller authentication, offering a new level of trust for online transactions.
Telecommunication Industry: Telecommunication companies could use VDI Level 3 for user authentication for contract-signing, ensuring secure and efficient service activation.
Crypto Exchange Authentication: Cryptocurrency exchanges could leverage VDI Level 3 for user authentication, ensuring enhanced security in user identification and thus adding an extra layer of protection against fraud.
End-User & Enterprise Costs
The cost of creating a VDI Level 3 depends on the Authentication Criteria.
The costs for specific industry-standard Authentication Criteria are to be determined, but are envisioned to be highly competitive compared to the current industry standard market rate.
Costs may be borne by institutions; this model is suitable for groups, government agencies, and corporations requiring specialized compliance.
Enterprise Costs:
The creation and integration of VDI Level 3 is free of charge (though network costs may apply during creation).
Access to the Verticate Enterprise Portal is free of charge. Additional services, including Analytics, are available for additional costs.
Authentication Criteria
The Authentication Criteria for VDI Level 3 will be determined on a case-by-case basis, depending on the specific requirements of the industry or application. Verticate will work closely with clients to determine the appropriate criteria, which may include additional security checks, higher levels of documentation, and specialized compliance requirements.
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