Written by Peter Keay

Senior Architect / Director of Globalization @ICO Alert, host @Bitgenstein's Table: Crypto Philosophy Podcast. Blockchain industry writer, marketer, programmer
July 25 2018

Evident Proof (EPT) - ICO Alert Report

Evident Proof (EPT) - ICO Alert Report

“Proof of Evidence” for Data Verification and Proof Services

What Is Evident Proof?

“Evident Proof is a platform that will store any type of data/data event and turn it into immutable proof.”
~The Evident Proof Team

ICO Alert Quick Facts

  • Evident Proof aims to deliver immutable data, provenance, and proof services to businesses and later provide the same to individuals
  • $0.98 = 1 EPT token
  • Main ICO is in progress as of this writing, from July 17 to July 31, 2018
  • 75,000,000 total EPT available in all ICO stages / 400,000,000 total supply
  • Theoretical use cases include government licensing systems, IoT in the oil industry, and security and compliance consultancies
Evident Proof Platform Demonstration. Other videos and interviews available on Evident Proof’s website.

Q&A with the Evident Proof Team

ICO Alert: For those who are not familiar with Evident Proof, can you explain what it is, and what the team aims to accomplish?

Evident Proof: Evident Proof is a platform that will store any type of data/data event and turn it into immutable proof. Court ready data proof certificates are created to prove events. Evident Proof creates ERC20 tokens and receipts as the data is stored.

ICO Alert: How does the Evident Proof token (EPT) function within the platform, and why is it needed?

Evident Proof: EPT is used to pay for data events, reports, and data proof certificates. The use of the proof certificates enables operational efficiencies in the platform and removes forex overhead.

ICO Alert: Proof of Evidence has been the focus of a number of projects, from simple portals like proofofexistence.com to more full-featured projects like Factom and NEM’s Prover. What sets Evident Proof’s product apart from these other projects?

Evident Proof: Evident Proof is the only one who can accept any form of data and will construct a customized verification bundle. Evident is the only one that dynamically generates EPT tokens as the data is stored/by the storage of the data. The tokens are the property of the data provider.

ICO Alert: EPT runs on a two-blockchain system: a public blockchain and a private blockchain. What does Evident Proof gain from this, and what are the drawbacks?

Evident Proof: It provides a secondary level of verification, and the use of private chain increases speed.

ICO Alert: I can see multiple applications for Proof of Evidence being integrated with other networks. For example, a Proof of Location network (e.g. XYO) combined with Proof of Evidence could, especially with multiple recording-capable nodes, verify that a video from a certain place and time is unaltered — while a Proof of Evidence network alone could likely only verify a file was held in a certain form at a certain time, without saying whether it was altered before inclusion in the chain.
 
What potential integrations do you see for Evident Proof’s future? Or do you have other ideas for extending the capabilities of the network in ways similar to my example above?

Evident Proof: Good example. We are also integrating with IOT platforms to record environmental data and supply chain platforms.

ICO Alert: Your marketing launch in the U.S. and Asia is coming up in Q4 of this year. Can you tell us the key points of your launch plans?

Evident Proof: No, this is confidential commercial information. At the moment I can say we will launch in Germany and Asia first.

ICO Alert: You have live demos of the Evident Proof Platform every Tuesday at 10:00 BST and Thursday 16:00 BST. Where can contributors see the demos, and when can they expect to fully use the platform? Please feel free to share any recent updates.

Evident Proof: The platform is ready to use now and is running live clients. Please see the SWYTCH.IO press release.

ICO Information

The main ICO began on July 17, 2018 and will end on July 31, 2018. There are a total of 75,000,000 Evident Proof tokens (EPT) available during the main ICO and all previous stages of the ICO, representing 18.75% of the total EPT supply.

12,000,000 of the 75,000,000 are available during the General Sale.

Evident Proof’s sale tiers, per the Offer Documents pack.

A hard cap of $48,000,000 is set for the entire period. $0.98 currently buys 1 EPT token. Accepted currencies for Evident Proof include BTC, ETH, EUR.

Token Information

There are a total of 400,000,000 EPT tokens being created, with 75,000,000 available during the entire ICO, including the main ICO and all previous stages.

Contributors will have their tokens distributed shortly after the end of the ICO. Visit the Evident Proof website for more information and the contribution address.

How To Participate

Proceed to Evident Proof’s registration page.

Upon successful completion of KYC (mandatory know your client check) by Evident Proof’s token sale partner BlockEx Markets of London, you will receive an email within 24 hours that will give you access to the sale.

Restrictions

Per the fine print at the beginning of Evident Proof’s whitepaper, “Citizens, nationals, residents (tax or otherwise) and/or green card holders of each of: (i) the United States of America; (ii) South Korea; (iii) the People’s Republic of China … are not permitted to participate in the Token Sale.”

Allocation and Use of ICO Proceeds

Roadmap

Team

(Pictures and Text by Evident Proof)

Evident Proof on Social Media

Follow Evident Proof on Medium or reach out via Twitter or Telegram.



View the Evident Proof website here.

View the only comprehensive list of active and upcoming Initial Coin Offerings (ICOs) here.

References

  1. Evident Proof Website, Evident Proof (2018)
    https://www.ept.gi
  2. Evident Proof Offer Documents, Evident Proof (2018)
    https://www.ept.gi/resources/OfferDocuments.zip
  3. Evident Proof Whitepaper, Evident Proof (2018)
    https://www.ept.gi/whitepaper/

Topics: Blockchain, ICO, Compliance, Legal, Data, Report