Consumers Can Now Secure Their Data With Nuggets Platform

Consumers Can Now Secure Their Data With Nuggets Platform

Blockchain Startups
February 1, 2020 Editor's Desk
1245
Nuggets is an e-commerce payment and ID platform. It is a customer blockchain platform with the power to transform payment, security, and privacy. It puts private data back in control of individuals, empowering ‘self-sovereign identity’ on a mass scale. It solves the most significant single difficulty for businesses: data security. Nuggets solve this problem by
Nuggets

Nuggets is an e-commerce payment and ID platform. It is a customer blockchain platform with the power to transform payment, security, and privacy. It puts private data back in control of individuals, empowering ‘self-sovereign identity’ on a mass scale.

It solves the most significant single difficulty for businesses: data security. Nuggets solve this problem by using zero-knowledge storage, security, encryption, privacy, and trust, all coupled with the decentralized, immutable ledger. This creates an entirely new, blockchain-based platform for making secure e-commerce payments without having to surrender control of their data.

Nuggets also make transactions more straightforward. Many online transactions never occur due to overly complex processes, forms, and payments. Nuggets customers can pay with one simple biometric verification. That will unfasten vast numbers of contrarily abandoned baskets.

Nuggets achieve these many advantages by using blockchain technology to transform the way personal data is handled. The simple proposition to customers is that you can use all the services you like, without having to partake or store your data with anyone.

Instead, “nuggets” of personal data are encrypted in zero-knowledge storage, in a blockchain. This indicates that not even Nuggets itself can obtain your data, and whenever practicable, none of your data is shared. When you do decide to bestow it, the platform shares the least required for the transaction.

The more you use the service, the more Nuggets Tokens you’ll gather to pay for products and services. You’ll also earn Tokens if you wish to share data – ultimately putting a real value on your personal information. The user’s Nuggets Tokens are stored on a dashboard in the product. Nuggets Tokens provide a valuable reward for customers and a powerful commercial tool for traders.

Merchants can give Nuggets Tokens as an influence for purchasing products. As users get Nuggets Tokens free for several actions, they can efficiently get a refund when paying a merchant utilizing those Nuggets Tokens. For customers, Nuggets Tokens render much more versatility than traditional reward or retailer loyalty points, as Nuggets Tokens can be used anywhere in the Nuggets ecosystem.

For instance, the Tokens you get for applying a service might go towards apparel from an online store or a supermarket delivery. That makes the initial incentive particularly appealing: imagine utilizing your air miles with any flight company or even for a new coat. All Nuggets transactions are stored in an immutable ledger with implicit trust principles, which builds trust in both the customer and the merchant.

Nuggets signals every successful trade to dealers – without unveiling the user’s data. Over time, this means the user forms a trust profile, establishing their status as a good actor in the network, utilizing reliable payment methods. In business terms, Nuggets will produce income from day one via a small retailer transaction fee, which is payable in tokens and a revenue share that payable as fees of savings made by merchants.

The Token Sale will allow Nuggets to work until it turns a profit. A small portion of the transaction fee also goes to the retailer’s or customer’s choice of charity.

Nuggets apply blockchain technology to facilitate people to make payments without sharing their data. That makes e-commerce more comfortable and more secure while reducing the time-consuming task of inserting a username, passwords, or payment details.

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