Payments > Best Use of Blockchain
Nuggets is an award winning B2B2C decentralized self sovereign identity, payments and verification platform. Our core principles at Nuggets are about taking back control of your data.
Personal information should be owned and controlled by the person, and privacy is a fundamental human right and a fundamental change is needed in the way we store personal data.
Seeing breaches on a daily basis from all businesses across the globe is proof the existing method of storing personal data is a broken model and a fundamental change is needed. Yesterday businesses held personal data, tomorrow the individual will own and control their data.
Nuggets’ store personal and payment data securely with Blockchain so when you pay, login and verify your ID you can do so without having to share or store your details with anyone. Not even Nuggets.
For consumers, it makes life simpler, faster and safer. For businesses, it spells the end of costly, damaging data breaches and Nuggets also massively reduces fraud and false positives.
There’s currently a perfect storm and ideal opportunity for Nuggets right now.
Data security is in a critical state. The centralized data storage model is broken and needs a fundamental change
Regulations are tougher (GDPR, CCPA). Demanding data minimization and Strong Customer Authentication
Large groups consumers are refusing to give up privacy for convenience and putting data security as a top priority.
Nuggets has received widespread global recognition including a number of prestigious awards and endorsements. And Since testing in the FCA Innovation sandbox Nuggets are integrating with a number of global PSP’s and Partners.
Read more: https://nuggets.life/