Remember when the Target database got hacked? More recently, Equifax? Millions and millions of people had their personal information compromised, the cost of that is immeasurable.
Remember when you forgot your password and had to go through that stupid password renewal process? Pain in the...
How about when you got a new debit card and had to update your account information on every vendor's website you used?
It's not fun or efficient, and more importantly it's not secure. Well, enter Nuggets, utilizing blockchain to solve these problems.
Company: Nuggets ($NUG - ERC20 Token), Member of the Digital Identity Foundation
Telegram: https://t.me/nuggetsblockchain
ICO:
Hard cap $30 million – Sale will continue for 30 days or until hard cap is met.
Pre-sale, in progress: 20% Discount, $10,000 minimum for USD transactions, no minimum for BTC/ETH.
Public sale: Quarter 1 2018 – Start date TBA
Product: An app that will be available for iOS and Android that allows you to do away with usernames, passwords, inputting your debit/credit card information to vendors, and to verify your identity with customer service.
Purpose: To give the user control of their Personal Identifiable Information (PII) and payments.
-No need to remember dozens or hundreds of user IDs and passwords, simply login with biometrics through nuggets.
-No more entering in debit/credit card information for purchases and no more storing your information in the retailer’s database. When making purchases through the Nuggets platform, it will provide the retailer with a unique, pass through e-mail rather than providing them with your personal e-mail. This means you aren’t automatically or unwillingly signed up for a mailing list.
-No more answering security questions when talking to customer support, they simply ping your phone and you verify your identity with biometrics. This helps to prevent social engineers from stealing your identity or fraudulently accessing your accounts.
-You’ll also be able to pay using credit, debit, and the $NUG token through the app as the retailers who use Nuggets services will also conduct transactions in $NUG.
-Shipment tracking through the app – Rather than sharing your address, the app will give you the option to provide your location via GPS. The app will allow you to track your package through transit, and upon delivery you can verify receipt by having the delivery person scan a QR code and then you would verify with Biometrics.
-Proof Of Work (POW): The more you use the Nuggets platform, the more Nuggets you will accrue.
-Proof of Stake (POS): If you choose to do so, you can share (stake) certain aspects of your data and accrue more Nuggets.
How it works:
Your data is stored using zero knowledge database on the blockchain, when you choose to share your information with a company/vendor you will have to use your biometrics to authorize it and only the minimal amount of data will be shared. No one can access your data on the blockchain without your permission, not even Nuggets. Your permission is granted through your biometrics, and your private key is stored in the “hardware secure enclave (HSE) on devices / operating systems where this is provided by the manufacturer. The HSE provides a hardware secure storage controlled by native biometrics, ensuring that the Nuggets private key cannot be compromised by any software (such as malware, rogue apps, etc) on the user’s device.” The data is encrypted by the device before being sent to the block chain, and only decrypted by the end user that is authorized through the biometrics.
Team:
-Alastair Johnson (Founder)– Product developer for Microsoft, Skype, Office, Xbox, Hololens, Disney, TED, BBC.
-Seema Khinda Johnson (Co-Founder, COO) – Marketed product launches for Microsoft and Skype.
-Adi Ben-Ari (CTO, Block chain expert) – CEO/Founder of Applied Blockchain
-Josh Bouw (Strategic advisor) – Established BlackCoin (First 100% POS coin in 2014), receiver of the first ever smart contract.
-Sally Eaves – (Strategic advisor) – Top 10 blockchain influencer, Forbes technology council, professor of FinTech.
-Sebastian Quinn-Watson (Strategic advisor) – Previously an advisor on Power Ledger, Bluzelle, Simple Token, CanYa, Viberate, and AirSwap.
-Mark Nichols - Senior leadership roles in organizations including Telefonica, Skype, Microsoft and is currently the VP of Customer Experience at Virgin Mobile USA.
-Andrew Amadeo (CMO) – “produced award-winning, innovative work for global brands like Nike, Unilever, P&G, Honda, InBev and Diageo.”
There are several other power house team members however I wanted to share the ones that were likely the most recognizable to the Crypto realm.
Overview video:
Whitepaper: https://nuggets.life/images/Nuggets-White-Paper.pdf
Website: https://nuggets.life
Twitter: https://twitter.com/nuggetsPAYandID
Facebook: https://www.facebook.com/nuggetsPAYandID
Telegram: https://t.me/nuggetsblockchain