ELI Ident is on a mission to revolutionize identification. Over 3.2 billion people have some form of Digital ID, however, current digital identification processes are cumbersome, impacted by human error, and often offer a poor user experience.
ELI Ident is an automated AI-based biometric system, offering blazingly fast, secure and cost-effective verification services to both businesses and individuals. Our customers are anyone looking to confirm their ID, securely sign documents, or verify that a person is who they say they are.
By combining strong authentication processes to deliver a vastly superior identification experience, ELI is positioned to penetrate the market which is expected to be worth 27 billion by 2024.
ELI Ident uses AI to recognise real people and real IDs, in real time. This verifies people faster and with more confidence than current verification methods. To use ELI Ident, users simply upload their ID document. ELI Ident automatically extracts data, runs a liveliness check to assess authenticity, then verifies the document through a combination of Deep Learning, Machine Learning, Computer Vision and use of Verification Experts.
Once verified, users gain access to a universal login that works across multiple platforms. Businesses can benefit from Know Your Customer (KYC) verification, and an array of features, such as an identity-based Single Sign On (SSO) system, attendance tracking and access control.
This has a broad application across a variety of industries, from finance, to healthcare, security, transportation and even cryptocurrency. By offering a range of additional features, competitive pricing, an innovative design and low production costs – ELI Ident can fill the void left by existing solutions.
ELI Ident is powered by AICOR, an Artificial Intelligence Corporation which synergizes expertise, security and simplicity to create innovative solutions. ELI Ident is fully developed and functional, with a B2B demo already available online.
Revenue is expected to reach €1.653 Billion by 2028, based on initial Business Client Agreements. Calculations were made using basic services only, therefore the potential revenue including future improvements and services could be considerably higher.
With just 200,000 licenses available, buying the ILO provides an opportunity to directly participate in our growth.
The current business landscape demands that businesses balance a seamless customer experience, whilst protecting against fraud and complying with increasingly complex regulation. Compliance, KYC and AML costs continue to rise, while regulators experience difficulties overseeing the increasingly complex international standards.
As a result, the industry is experiencing double digit growth rates due to favorable market trends such as increasing industry use, increasing fraud, rising compliance costs and growing need for regulation.
Our combined set of launch strategies include our partner network, digital and traditional marketing methods, a reward system for business customers, and a loyalty system for end users.
The ELI Ident vision is to bring a whole new level of innovation to the industry. What sets us apart is our independent in-house eco-system, as well as being faster, cheaper, and more secure than other solutions on the market.
To bring ELI Ident to life, we have comprised a multidisciplinary team of experts from various fields such as fintech, management, banking, technology, marketing, operations and academics.
Our ILO guarantees that when we make money - you make money.
ILO’s are not based on profits, but gross revenue, or all sales without any costs or taxes subtracted, therefore if you buy our ILO you will make money as we make sales.
These projections are provided by us, AICOR Verwaltungs GmbH. If you agree they are realistic and achievable, buy our ILO today.
per license, 10% royalty in year 1
per license, 10% royalty in year 2
per license, 10% royalty in year 3
In addition to paying you a royalty, at the end of the 3rd year AICOR Verwaltungs GmbH can choose to extend the license for another 3 years, or buy the ILO back for cash should AICOR Verwaltungs GmbH conduct a major financing.
ILO Value is the estimated value of your ILO in USD ($). This is calculated using our projected revenue numbers. Therefore if our revenue projections are realistic and achievable, this is a good estimation of the buy out price you should expect at different stages.
THIS AGREEMENT is between AICOR Verwaltungs GmbH (“the Company”), - AND – The Buyer who is the Current License Holder as determined by the Live Ledger held by ILOCX which holds details of licenses issued bought and sold (“the Buyer”).
August 12, 2021
Details of the Licensed Product are described on the Company’s page hosted on the site at www.ILOCX.com
Minimum Requirements for Qualification are a confirmed share of the Company’s information and Promotional Message on social media. This can be done on the ILOCX platform. Alternative ways to qualify are at the discretion of the company selling the license.
Under the License Agreement the buyer is entitled to royalty payments once qualified
Each License receives a royalty equal to 10% of the Gross Revenues from the recorded and officially filed revenue, divided by 200,000, the total amount of ILO Units in the Initial License Offering. All royalties will be paid to the Buyer’s wallet on the ILOCX platform within 5 days of payment settlement from the company. These days will be announced prior to release.
This License is for an Initial Term of 3 years at which time the License can be extended by the issuing Company for a further 3 years, (a “Rollover”) and new terms may be set by the company at this time in line with ILOCX exchange rules and guidelines. Alternatively, the Company may offer to buy the License back from the Buyer (“a ‘Buyback”). The Company will give notice of Rollover terms or Buyback Price 90 days before the end of the Initial Term, as outlined in the Buyer Terms and Conditions.
All licenses must be valid and deemed qualified to benefit from the Royalty and the Rollover or Buyback.
All parties have read and agreed to comply with the ILOCX Terms and Conditions, this Agreement, and any documents included by reference above. These may be amended from time to time and the parties will be notified by email of such amendments. Breach of any of the terms of this agreement may result in termination of this Agreement under the termination procedures outlined in the License Terms and Conditions.
This Agreement shall be governed by the laws of England and Wales and the parties exclusively submit to the jurisdiction of the Courts of England and Wales. In the event of any dispute, refer to the terms and conditions for the procedure.
Agreed on behalf of the Company:
The Company confirms its consent to this License Agreement by presenting the ILO for sale on the ILOCX platform.
Agreed on behalf of the Buyer:
The Buyer consents to this agreement by completing their order on ILOCX.
ILOCX is pleased to announce the listing of ELI Ident. ELI Ident is on a mission to revolutionize identification. Over 3.2 billion people have some form of Digital ID, however, current digital identification processes are cumbersome, impacted by human error, and often offer a poor user experience.