Persona – the solution for identity management
Persona represents the solution for identity management, aligned with the latest data protection regulations. Its scope is to empower the individual and grant them the control over their personal data as well as the means to secure access to their private details.
The main goals of Persona are:
- To leverage on identity management services for the individual based on what the blockchain technology can offer;
- To protect individuals personal details. While it is obvious that individuals need to provide their details to various entities(Facebook, Google or any website they visit), they have no control over it after sharing. Persona puts individuals back in the driver seat;
- To empower each person and to give them the power on what it shares and with whom when it comes about their identity and private details;
- To allow entrusted third parties which with private details to enrich their services by offering trust as a service;
- To prevent fake news, by providing a decentralized identity management system, Persona will provide the trust level they all need when they rely on news; based on the public Persona profile of any content creator, they can track down news to their source.
- To streamline onboarding process since an individual might be already checked by some entity enrolled in the system;
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
The Web application’s security:
– 2FA Authentication
Once the user creates his identity, the data stored is secured by the cryptographic algorithms of the blockchain. There are numerous reasons why blockchain is more secure than a centralized application: lack of a single-point of failure, no-prone to human errors or data stealing, etc. By saving the user data on the blockchain and not in a centralized application/server, Persona offers the first CaaS (Customer-as-a-Service) solution on the market.
The PRS token is an utility token that is used by the platform in order to issue verifications. For each verification PRS tokens are used. The tokens circulate in the environment and they will be forged through a DPoS system with 51 delegates, similar to Ark. When verifications take place and the initiator is a private partner, they will pay PRS tokens for the verification. The verification price will differ based on the complexity of the verification.
– Single Identity Management stress-free
Persona harnesses the facility of blockchain technology for hassle-free identity management.It’s sort of a single sign-on for all the websites you’re already exploitation.And the supply for the long run internet application you’re not exploitation immediately.
– The community is here to support you
Your digital identity relies on cross-verification created by multiple entities.Search for Persona notaries close to you and find your identity check up to ninetieth.The rest of 100 percent relies on a KYC method performed with a company partner (a service supplier that you just area unit already registered with).
– Your personal details area unit yours, and yours solely
You are the actual owner of your information. Therefore, so as to possess access to a service or device,you need to expressly comply with share it.The party entrusted with this sort of information is meant to require all the mandatory actions so as shield|to guard|to shield|to safeguard} it and protect you.
– you’re within the center. Let’s build from there.
Persona is regarding you and your interaction with the skin world.You’ll be able to produce your own halo supported your information medical records,fitness progress or social media accounts.You’ll be able to offer access or revoke access to your details as you please since they’re yours.
The main goals of Persona :
1.To leverage on identity management services for the individual based mostly on what the blockchain technology will offer
2.To protect individuals personal details. While it is obvious that people need to give their details to various entities, they have no control over it after sharing. Persona puts people back in the driver seat
3.To empower each person and to give them the power on what it shares and with whom when it comes regarding their identity and private details
4.To allow entrusted third parties that with private details to enrich their services by offering trust as a service
5.To prevent fake news, by providing a decentralised identity management system, Persona will provide the trust level we all would like when we rely on news based on the public Persona profile of any content creator,we can track down news to their source
6.To contour onboarding method since an individual might be already checked by some entity enrolled in the system
The PRS token is a utility token, that is used by the platform in order to issue verifications. For each verification PRS tokens are used.The tokens circulate in the atmosphere and, if needed more will be created as the platform becomes more mature.
The ICO begins on 16 January and ends on 16 February 2018
The seeded number of tokens will be 100,000,000 PRS.
The price for one PRS token is $0.2.
The total allocation for the 100,000,000 PRS
– 70,000,000 PRS allocated for the TGE
– 15,000,000 PRS allocated for the team composed of the co-founders.The tokens allocated to the team will be vested over a three-year period, split into yearly payments as following:
– 100% at genesis
– 30 minutes after 12 months
– 30 minutes after 24 months
– 30 minutes after 36 months
– 12,000,000 PRS allocated for the Persona Startup Fund
– 1,000,000 PRS allocated for the advisors. The tokens allocated for the advisors can be vested over a period of 6 months
– 2,000,000 PRS allocated to the bounty.
The estimated income based on the Token Generation Event is between $9.3M and $14M (cryptocurrency equivalent).The raised funds will be used for a period of at least three years, spread into the following categories:
– software system development (Blockchain Development IPFS Implementation,SmartBridge Development, Mobile and Web development and Maintenance)
– Legal fees (GDPR compliance analysis, Company Certificates, legal support,etc)
– Business development (take part in top blockchain and fintech events around the world, establish business relations with companies that are interested in implementing Persona).
– Audit of the procedures and setting-up a legalized notary system.
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