Nuggets: An e-commerce payments and ID platform

Nuggets: An e-commerce payments and ID platform

Merchant and personal transactions are fraught with cyber security risks such as erosion of trust between parties, abuse of personal and business data, identity theft, breach of credit card data, replacement of expired credit cards, modification of credentials and address, etc. Such critical issues, if unsolved, can throw businesses and customers in a dither. Nuggets is a blockchain powered e-commerce payments and ID platform which revolutionizes the trinity of payment, privacy and security. In this regard, Nuggets uses zero knowledge encryption and the decentralized immutable Ethereum blockchain ledger. The functionality of Nuggets is not confined to just transactions. It goes beyond transactions and is useful for secure login, ID verification etc.

How Nuggets Works?
• For all intents and purposes, personal information of the user is encrypted in zero knowledge storage in a blockchain. The only person who can access the encrypted data is the user. Third parties cannot access the data by any means.
• Each and every user is entitled to a personal cloud of data that cannot be accessed by Nuggets and third parties. If you choose to share your information, you are first required to sign up and login. Your account is verified and subsequently, you get Nuggets Tokens.
• Nuggets Tokens can be used to purchase your choice of products and services.
• When it comes to versatility, traditional customer rewards and retailer loyalty points play second fiddle to Nuggets Tokens.

Consumer Benefits

 Thanks to single sign-up, time taken to complete / initiate a transaction is greatly reduced. Efficiency is improved. By the way, sign-up requires neither a username nor a password. A photo ID along with a selfie matching the photo ID will suffice. And yes, a security code along with a payment method should be added.
 Owing to Bio-metric access, simplicity is ensured.
 Payments can be done using credit and debit card apart from cryptocurrencies
 Threats of social engineering and phone hijacking are obviated
Business Benefits
 The incidence of fraud and false positives is minimized.
 Data silos are minimized. As a consequence, regulatory exposure will be minimum.
 User experience can be taken to the next best level by customizing the services
 Nuggets Tokens can be offered as incentives to users

Target Audience
This platform will be launched in this year (2018) and will be made accessible to the US andthe UK. Consumers who are concerned about online privacy and security, who are keen on simplifying their online identity and paying online are its target audiences. In addition, businesses such as banks, retailer sites form its target group. Nuggets are distributed to consumers through the Google Play Store (for Android devices) and the App Store (for iOS devices). In case of banks, the distribution is done through APIs.

Token Sale Funding: Proposed Nuggets Token Sale Allocation
Entity Percentage (%)
Token Sale 35%
Ecosystem 30%
Company 15%
Team 15%
Legal & Misc. 5%

The founder and CEO of Nuggets is Alastair Johnson, a serial innovator and entrepreneur with an enriching experience of 25 years in digital innovation.

ICO and Team Details
Token Symbol for Nuggets:NUG
Total token offered 10bn for the ICO.Cost of one Nuggets Token is equal to USD $0.0016.The Pre ICO starts
October 24th 2017 and the main ICO will begin in Q1 2018.Accepted currencies will be BTC,ETH and USD.
Of all the token 35% is offered for the public sale .43% for development and 30% for marketing.The team has experts from the field of blockchain ,technology and Data Security.

Verdict:
Nuggets to provide more control over personal data and is the perfect solution for the data privacy and security.

To know more visit:
Website : https://nuggets.life/
Whitepaper : https://nuggets.life/images/Nuggets-White-Paper.pdf
Published By: dammu
Btalk Profile: https://bitcointalk.org/index.php?action=profile;u=1307953