Nuggets announces 'token sale' for blockchain ID platform
21 September 2017 16:13 GMT

Digial ID firm Nuggets plans to to hold a token sale to raise capital for ongoing product development and the planned 2018 commercial launch of the biometrics-powered Nuggets platform.

Nuggets combinesblockchain encryption with biometric verification to give users a secure ‘personal cloud’ of data in zero-knowledge storage. Transactions are encrypted using an immutable ledger with inherent trust principles to validate trust in both consumers and businesses.

Users decide if and when they want to share ‘nuggets’ of their data. These nuggets also have value. The more you use the service, the more Nuggets Tokens you’ll accrue to pay for products and services. You’ll also gain Tokens if you choose to share data – finally putting a real value on your personal information. In this way, Nuggets enables “self-sovereign identity” on a mass scale, returning control of private data to consumers. It also frees businesses from the burden of storing and protecting millions of vulnerable customer records.

Nuggets founders Alastair Johnson and Seema Khinda Johnson are former global directors at Skype and Microsoft with significant digital innovation experience and deep knowledge across technical production, large-scale commercialization and product development. With a best-in-class Blockchain development team in place, Nuggets has been selected by the UK Financial Conduct Authority (FCA) for Project Innovate, and is now testing in the regulatory sandbox. Nuggets is also a finalist in the BBVA Open Talent 2017 Global Trends competition.