Persona : Represents The Solution For Identity Management, Aligned With The Latest Data Protection Regulations.
Persona is designed as a decentralized application with no single point of failure, keeping all records encrypted. The individuals have the control over the granularity of the details they want to share, with whom they are sharing it and for how long. With the launch of Bitcoin in late 2009, Satoshi Nakamoto offered a glimpse of the underlying technology that powers its decentralized network, the blockchain.
The main strong points which the blockchain technology offers are:
- Replace the middleman: There is no need anymore of a trustful side, one that can be and is trusted by both sides involved in a transaction;
- Decentralization: there is no single point of failure, while attacking the network is virtually impossible;
- Immutability: a record written on the blockchain is there forever, unalterable;
Persona leverages the blockchain features, allowing a company to offer KYC services to third party as well as benefiting from each other’s services. The verification process has two levels: Community and Professional KYC
Persona KYC Types
The first level is represented by the community where the identity is checked by peers. It represents a common effort, where people are encouraged to validate each other’s identity. They will have to confirm the authenticity of documents and identity of the people applying to be checked.
The people who offer verification services will be displayed on the Persona website. They will be rewarded for the verification services by receiving PRS. The threshold for verifications is illustrated below
The directions are partitioned into a few levels, in light of the quantity of checks they give. The most extreme rate a man can get with checked by the group is 90%. The staying 10% must be accomplished once a private accomplice (organization, utility supplier or organization) recognizes the legitimacy of the information.
In view of their Persona action and offers, the person who confirms the administration to another person, can go up to 30%. This implies one can just observe 3 individuals who can offer a 30% endorsement rate to accomplish a 90% confirmation rate.
The rundown of records required to give KYC is:
ID or international ID or government provided archive (unique record)
Duplicate or picture your ID
Bank articulation or receipt that demonstrates where you live
The records will then be put away in the IPFS and marked by the two gatherings checkers and checks, each time the individual is checked. KYC experts speak to the procedures experienced by people when they include substances that require the personality confirmation process. This element, once.
Security and Data Safeguarding
Given the fact that there are two components of the product, layered on top of each other, Persona is safe to use.When registering with a provider, the physical presence of the individual is a prerequisite in order to share their data with the company.
Persona is composed of three segments:
- The blockchain which holds the transaction data and IPFS for storage
- A web app and dashboard for the individual to use
- A mobile app which helps data management
The mobile application’s security is based upon:
- PIN-based login
- Optional fingerprint scan T
The Web application’s security:
- 2FA Authentication
=> Single Identity Management stress-free
Persona harnesses the power of blockchain technology for hassle-free identity management. It’s like a single sign-on for all the websites you are already using. And the source for the future web application you’re not using right now.
=> The community is here to support you
Your digital identity is based on cross-verification made by multiple entities. Search for Persona notaries near you and get your identity check up to 90%. The rest of 10% is based on a KYC process performed with a corporate partner (a service provider that you are already enrolled with).
=> Your personal details are yours, and yours only
You are the de facto owner of your data. Therefore, in order to have access to a service or device, you need to explicitly agree to share it. The party entrusted with this kind of data is supposed to take all the necessary actions in order to protect it and protect you.
=> You are in the center. Let’s build from there.
Persona is about you and your interaction with the outside world. You’ll be able to create your own halo based on your data: medical records, fitness progress or social media accounts. You’ll be able to give access or revoke access to your details as you please since they’re yours.
TOKEN PRICE: 1 PRS = $ 0.2 (TGE Period)
SUPORT TOKEN: ERC20
SOFT CAP: –
HARD CAP: –
Total Supply: 70.000.000 PRS
The Persona Blockchain represents a DPoS system with 51 delegates making 5 6 uses of Ark technology (Persona is ARK fork, following ARK vision about point.click.blockchain approach). The number of delegates has been set to 51 to support the approximate number of nodes and transactions for the first year.
Persona will use Distributed Ledger Technology to manage user permissions, approval transactions and identity proofs. We will deploy our own blockchain, called The Persona Blockchain.
Persona Token (PRS)
The number of seeded tokens will be 100,000,000 PRS. The price for one PRS token is $ 0.2 The total allocation for 100,000,000 PRS is:
70,000,000 PRS is allocated to TGE. 15.000.000 PRS is allocated to a team consisting of the founders. tokens allocated to the team will be held for a period of three years, broken into annual payments as follows:
- 10% in genesis;
- 30% after 12 months
- 30% after 24 months
- 30% after 36 months
- 12.000.000 PRS allocated for Persona Startup Fund
- 1,000,000 PRS is allocated to advisors. The tokens allocated to the advisor shall be employed within a period of 6 months
- 2,000,000 PRS allocated for the gift
There are 70,000,000 PRS allocated to TGE, divided into one General Sales and General Sales three stages, as illustrated below
Stefan has extensive experience in the financial sector. He has been working for ABN Amro and the Royal Bank of Scotland, where he was part of major projects such as migrating to a new core banking system and implementation of the internet banking application.
He was, until recently, part of Innovation team of Societe Generale European Business Services shared service center and starting with October 2017 decided to focus more on developing the ARK blockchain platform, which now takes most of his time, together with Persona. In his free time, he learns about dinosaurs from his 4.5-year-old son.
Ioana has found the perfect balance in life by combining her vocation of creating comprehensive software with her avocation of addressing the world’s humanitarian needs. She loves taking up challenges while developing and growing innovative projects into real-life products.
Previously, she was a consultant at IBM within the Business Analytics and Optimization division and an Analytics and Machine Learning Engineer within the Parametric Technology Corporation (PTC).
Ioana has dual degrees in Computer Science and Information Engineering and in Secondary Education Teaching from the Polytechnic University of Bucharest.
Dan is an experienced tech entrepreneur, cryptocurrency enthusiast and a blockchain developer implementing smart-contracts applications on Ethereum for numerous ventures raising capital through Initial Coin Offerings (ICOs).
Since 2011, Dan is the founding CEO of Under Development Office, a boutique mobile, and blockchain development company. Starting from defining the concept and functionalities, writing the white paper and/or business plan, defining the full IT architecture and working towards a Minimum Viable Product (MVP), Dan and his team have the capabilities to be a trusted partner while bridging the gap between a great idea and real-life applications.
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