Persona - Company Summary & Excellence Features Provided by Persona

What is Persona ?

Persona is a blockchain-based identity management solution that allows individuals to easily update the data that they share with a variety of third parties as well as relieve efforts of corporate clients in order to keep their data up to date.

Persona represents the solution for identity management, aligned with the latest data protection regulations. Its scope is to empower the customer and grant him/her the control over their personal data as well as the means to secure access to their private details.

By using Persona, the individual spends less time updating their data and service providers can access the latest version of the customer data.

Persona technologies ARCH blockchain and state-of-the-art technology to offer other identity solution that is secure and complete. This product is in accordance with the requirements of GDPR and provides the means to secure stored, distributed, and process the data.

The persona was designed as a decentralized application with no single point of failure, storing encrypted records all individual has control over the granularity of the details they want to share, with whom they share it and for how long. With the release of the Bitcoin in late 2009, Satoshi Nakamoto offers a glimpse of the technology underlying the decentralized network, blockchain.

The main goal of Persona is:

To make use of the identity management services for individuals based on what blockchain technology can offer.
To protect an individual’s personal details. Although it was clear that individuals need to provide details to various entities, their have no control over it afterwards. Persona put people back into the driver’s seat.
Empower each person and to give them the power to what it shares and with whomwhen it comes about the identities and their personal details.
Allow third party entrusted with personal details that enrich their services by offering confidence as the service.
To prevent fake news, by giving decentralized identity management system, Persona would provide the level of trust we all need as we rely on news based on the profile of public Persona from the makers of any content, we can keep track of news to source.
To streamline the onboarding process since someone probably already checked by some entity registered in the system

Main points of technology offered by blockchain:

Replace the middlemen: no longer need to side with the mandate, and trusted by both parties involved in the transaction.
Decentralization: there is no single point of failure, when the attacking the network is nearly impossible.
Immortality: the notes are written in blockchain there forever, cannot be changed

Persona Features

Single Identity Management stress-free

Persona harnesses the power of blockchain technology for hassle-free identity management. It’s like a single sign-on for all the websites you are already using. And the source for the future web application you’re not using right now.

The community is here to support you

Your digital identity is based on cross-verification made by multiple entities. Search for Persona notaries near you and get your identity check up to 90%. The rest of 10% is based on a KYC process performed with a corporate partner (a service provider that you are already enrolled with).

Your personal details are yours, and yours only

You are the de facto owner of your data. Therefore, in order to have access to a service or device, you need to explicitly agree to share it. The party entrusted with this kind of data is supposed to take all the necessary actions in order to protect it and protect you.

You are in the center. Let’s build from there.

Persona is about you and your interaction with the outside world. You’ll be able to create your own halo based on your data: medical records, fitness progress or social media accounts. You’ll be able to give access or revoke access to your details as you please since they’re yours.

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 T

The Web application’s security:

2FA Authentication

KYC Persona Type

The principal level is spoken to by the group where the personality is checked by companions of a similar age. This is a joint exertion, in which individuals are urged to approve each other’s personality. They should affirm the genuineness of the archives and the character of the individual applying for audit. Individuals who offer confirmation administrations will be appeared on the Persona site. They will be compensated for confirmation benefits by tolerating PRS. The limit for confirmation is represented underneath

The directions are partitioned into a few levels, in light of the quantity of checks they give. The most extreme rate a man can get with checked by the group is 90%. The staying 10% must be accomplished once a private accomplice (organization, utility supplier or organization) recognizes the legitimacy of the information.

In view of their Persona action and offers, the person who confirms the administration to another person, can go up to 30%. This implies one can just observe 3 individuals who can offer a 30% endorsement rate to accomplish a 90% confirmation rate.

The rundown of records required to give KYC is:

ID or international ID or government provided archive (unique record)
Duplicate or picture your ID
Bank articulation or receipt that demonstrates where you live

The records will then be put away in the IPFS and marked by the two gatherings checkers and checks, each time the individual is checked. KYC experts speak to the procedures experienced by people when they include substances that require the personality confirmation process. This element, once.