Nuggets Whitepaper

NUGGETS ENABLES PEOPLE TO TAKE BACK CONTROL OF THEIR DATA

Nuggets is a consumer blockchain platform with the power to revolutionise payment, privacy and security. It puts personal data back in control of individuals, enabling ‘self-sovereign identity’ on a mass scale. And it solves the biggest single headache for businesses: data security.

Nuggets was inspired by its Founder’s personal experience of having his payment details used fraudulently – and the complicated, frustrating process that ensued. Nuggets solves this problem, using zero knowledge storage, encryption, privacy, security and trust, all combined with the immutable ledger that’s decentralised. This creates an entirely new, blockchain-enabled platform for making simple e-commerce payments without having to sacrifice control of their personal data.

This is a consumer platform that everyone will use every day, to make trusted transactions with one simple, biometric verification. Those transactions go well beyond payments. Nuggets also enables secure login, ID verification and courier deliveries – with a many other applications and opportunities in the pipeline.

Nuggets solves a range of related critical issues for consumers and business alike:
PERSONAL DATA IS ABUSED AND AT RISK
• Merchant and business databases are prime targets for breaches
• Personal data is routinely used and abused by businesses

SECURITY OF PERSONAL DATA
• Stolen payment card details
• Stolen identity information
TRUST IN TRANSACTIONS IS ERODED
• Trust in consumers and retailers alike

MANUALLY UPDATING 100+ LOCATIONS
• Replacing expired credit cards
• Adding new payment cards
• Changing address details

PASSWORDS ARE NOT FIT FOR PURPOSE
• Dozens of sites = dozens of vulnerable passwords
• Hard to remember and manage
• Many people stick to the same one

Nuggets