Inefficiencies in e-commerce are staggering. Even though the industry itself is full of promise, the technology behind it is not. Namely, the way we identify ourselves online as well a transfer our data and money is outdated and thus ripe for improvement. Without it, we’re stuck with never ending registrations, redundant verifications, delays, limited utility of crypto payments, constant infringements of data protection legislation as well as the generall worrisome state of cyber security.
With all this in mind, Safein offers a single sign-on digital wallet enabling users to quickly, safely and conveniently conduct their activities online through a one-stop-shop for all online authentications and payments. With our platform, digital customers can easily demonstrate their true identities with no lengthy registrations or verifications, maintain instant access to various online shops and payments as well as control the extent of personal data shared with service providers. Moreover, Safein allows its users to go beyond fragmented identity system born in the last millennium and exercise proper control of their profiles in a secure and modern manner.
Safein is a blockchain-based single sign-on identity management platform ensuring security, comfort and trust for our customers. With Safein, users can easily demonstrate their true identity online where needed and control the extent of their personal data given out to various service providers.
Background: Problems in e-commerce
Rapid growth of e-commerce remains unstoppable. However, the industry itself is still ripe for improvements as growing concerns mount over data protection, cybersecurity, money laundering and monopolization of numerous sectors. Moreover, shopping online is not only troublesome, it’s also redundantly complicated. Think, for example, of all the repeat registrations, verifications and password recoveries trailing the daily online customer experience.
We believe that outdated technology is to blame for almost all of these problems. Accordingly, we think it’s about time to fix this by embracing a modern way of managing your online identity and the shopping experience.
PROBLEM: POOR USER EXPERIENCE – POOR E-COMMERCE
PROBLEM: LACK OF TRANSPARENCY IN HOW USER DATA IS MANAGED
PROBLEM: THREATS TO ONLINE SECURITY
PROBLEM: BARRIERS FOR REGULATED BUSINESSES
ROBLEM: ABSENCE OF A UNIVERSAL E-WALLET
Solution : Safein single sign-on digital wallet
COMBINING THE BEST OF TWO WORLDS
Data shows that modern internet users have a strong preference for single sign-on solutions like Facebook identity or Google accounts. In fact, some 88% of all online customers use these gateways from time to time to sign into websites they visit. On the other hand, neither Facebook nor Google can grant an account that’s verified or capable of payments, which significantly limits user convenience and growth. Accordingly, there’s a huge market that’s ripe for the taking.
SAFEIN ARCHITECTURE
Safein will allow users to store their identity, as well as crypto and fiat currencies in accounts opened on our platform. Safein will go into various business areas where combination of possessing all of the above gives benefit to its users online and offline. The main priority of Safein is to eliminate redundant registrations and KYC procedures.
DIGITAL WALLET AND PAYMENTS
Safein is planning to be a fully licenced EU electronic money institution with the ability to receive and process payments in full compliance with the law. Users will be able to hold their crypto and fiat currency in a single wallet as well as convert them from one to another. Major crypto currencies, including Bitcoin, Ethereum ERC20 tokens, and other popular cryptocurrencies will be supported.
SINGLE SIGN-ON
Safein provides a unique solution for both users and merchants. Users will be able to login into websites directly with no registrations. The Safein account will at the same time provide merchants with the information necessary for client acceptance and service provision.
Before integrating Safein, a merchant will have to choose what user data is essential and must be acquired, and what data is optional and could be omitted. Our team will monitor this process and advise merchants on whether their choices on data to be collected complies with applicable data protection regimes. Moreover, the user will be able to choose whether to pass or decline passing optional data to the merchant.
USER DATA PROTECTION
MULTI-FACTOR AUTHENTICATION MECHANISM AND DIGITAL IDENTITY MANAGEMENT
KYC PROCEDURE ENGINE
BUYER PROTECTION MECHANISM
MVP
The Safein MVP now allows users to create an account on the Safein platform and connect it to a mobile device. Safein is currently integrated in a demo website where users can login with Safein without registering, adjust their security levels for different websites, track their login activity from their mobile devices and close active login sessions at any time. This website can be found at: www.curonian.com. Additional features are coming soon.
Safein benefits and application
Safein addresses today’s problems in e-commerce and cryptocurrency transactions by offering a single-click sign-in, verification and payments functionality.
For user, Safein means:
No more registrations in multiple websites;
No more waiting to get KYC done for each site / ICO;
Trusted, convenient and quick payments in fiat and cryptos;
Enhanced privacy, cybersecurity and data protection;
Revolutionary referral program with token rewards.
For merchants, Safein brings:
Enhanced trust and increased conversion rates;
Reduced customer support costs;
Free KYCs;
Lower cryptocurrency and fiat transaction costs;
Lower compliance costs and risks as well as buyer protection.
Safein is a game-changer because of:
Ability to easily solve the delays, crypto payments and multiple account management problems in e-commerce;
Free of charge user verification and data protection services complying with applicable regulations;
Exceptional focus on easiness of use, integration and cybersecurity;
Tokenized platform business, where everyone benefits from being part of the network;
Revolutionary referral growth model, consisting of a Referral, Registration and Login token pools.
Safein’s growth roadmap is based on:
Establishing our user base by moving from sector to sector and improving user experience in such sectors: first in crypto business, gaming, financial services, then moving to e-commerce and widespread adoption.
Safein - make it simple
Token Model
The idea of having a single account for everything you do online is simply brilliant but it requires large scale. Developing Safein is the same as trying to solve the chicken and egg problem - you need a lot of users to attract businesses, and vice versa. Without businesses you cannot acquire new users. Safein will leverage its tokens to grow its user base and therefore acquire businesses. Safein platform will reward users for using identity management solution created by our team.
Token Distribution
Token Sale
Token sale will be run on a smart contract and tokens will be distributed right after the token sale ends.
These are our goals in terms of funds:
Our soft cap target is based on a minimum amount of funds required to launch the product and enter our initial target markets. Upon reaching the hard cap, we are able to develop a fully decentralized blockchain-based solution while targeting multiple industries and service providers at the same time.
Should any part of the tokens allocated to token sale not be distributed during the token sale, such tokens will be returned to the company and added to its reserve for further development. In case of failure to reach Soft cap, all contributions will be returned to their original owners.
The Safein token sale will be distributing 30% of the total token supply to cover the below costs:
Further development of our product
Development of Safein integration for businesses
Developing decentralized blockchain-based solution
Token sale expenses and marketing
TEAM
FOR MORE INFORMATION, PLEASE VISIT :
Website : https://www.Safein.com
Whitepaper : https://www.safein.com/summary/EN/_whitepaper_safein_03_15.pdf?version=9.1
Medium : https://medium.com/Safeincom
LinkedIn : https://www.linkedin.com/company/Safeincom
Facebook : https://www.facebook.com/Safeincom/
Twitter : https://twitter.com/Safeincom
YouTube : https://youtube.com/channel/UCErwG8SaM-_Pb3Y6A-ZvV9A
Author : https://bitcointalk.org/index.php?action=profile;u=1273236