Nuggets is a platform for identity identification, focused on the mass consumer and wide application. Every day, we use dozens of electronic services. We make purchases, make orders, make payments, communicate in social networks. For each such service, we have a separate registered account to which a payment card is often tied, some data is not stored for prying eyes. In fact, this is necessary to identify your identity in a particular service. Typically, access to such an account is by entering a login and password. But people do not want to remember complex passwords, so they make them simple, identical, or simply save with the service so they do not enter every time. All these data are confidential and are a welcome catch of scammers. Getting into other people's dirty hands such data can cause significant damage to its owner,
The platform and its features
It’s a B2C consumer platform designed to serve the needs of everyday use. An ecommerce platform with heavy focus on the preservation of personal details. The users of Nugget are given personal cloud of data, which no one can access apart from themselves. Nuggets encrypt personal data in zero knowledge storage using blockchain technology.
By using Nuggets products and services, you can also earn Nugget token which is a powerful tool for transaction. All transactions are stored in a transparent manner on the platform, giving zero scope for any kind of data breach. They also have a simple registration process post which the user can get started with the platform.
Technology
Their technology is divided into three distinct layers- Biometrics, Data encryption and Blockchain. Biometrics is used to verify the user on their device. Biometrics comes with a lot of advanced features like plugging it into our system. Nuggets use it to store native biometrics authentication. The data encryption layer is to keeps data private. The system automatically generates and shares encryption / decryption keys. The last layer, blockchain stores encrypted data in tamper-proof form. IT ensures that there is no removal/ destroy of data by any one party. They also have ERC-20/223 token created on Ethereum to power all online transactions. All users will have visibility / transparency of ledger to ensure maximum transparency to the users.
What Makes Nuggets Unique?
• Never share or save your data again
• E-commerce payments and IDs in one
• Shield your data with the highest security from blockchain
• No more data breaches
• No username No password
• There are no endless updates. Detailed updates once, in the Nuggets
• Get Tokens Nuggets for use with participating merchants
• Pay, sign in and verify your identity with your biometrics
• No need for risk assessment and credit check
• Pay with existing payment or crypto method
NUG Tokens and Sale information
The platform has its own unique utility tokens called NUG tokens which will facilitate the user's interaction with the platform. The users will be able to earn through this platform in the form of these tokens when they sign up, log in or refer other people to Nuggets. You can also earn if you share your personal data with the platform. The tokens will be available during its token sale and if you want to participate in its ICO then you need to create your account at the Token hub portal. The pre-token sale was started from 24th October 2017 and ended on 14th December 2017. The public sale is planned during 2018 first quarter.
Conclusion
The concept of Nuggets will revolutionize the market involved with E-commerce. It will give people control over their personal data and will enable a platform which will use their biometric identification pattern for access. The innovative technology involved with this platform will give it a long way scope. By bringing trust in customers and companies it will spread its popularity worldwide.
.For More Information Visit :
Website : https://nuggets.life/
Whitepaper: https://nuggets.life/images/Nuggets-White-Paper.pdf
Telegram : https://t.me/nuggetsblockchain
Facebook : https://www.facebook.com/nuggetsPAYandID
Twitter : https://twitter.com/nuggetsPAYandID
Author details
Bitcointalk profile url : https://bitcointalk.org/index.php?action=profile;u=1230529
ETH adress : 0x603C62C613226BCccCC066151ed4Aa8D288B0168