Persona

Persona - BEST IDENTITY PROCESSBASED BLOCKHAIN SAFE AND COMFORTABLE

The idea of ones digital identity has grownup over the years to be a crucial identity of oneself. it's conjointly a side of every individual’s digital life that's frighteningly out of management. However, Persona, associate degree identity management answer, is hoping to unravel all that through the ability of the Blockchain.

Your digital identity may be a vast a part of United Nations agency you're on-line, and whereas it's essential to creating your means through the technological expanse, it's conjointly equally necessary to be up to the mark of what's being divided there.

It is through the Blockchain, by mix the Ark technology and also the integration of good contracts, that Persona believes that they need an answer that permits for people to share what has to be shared to bound platforms so as to change and sleek the dispersion of private information.

What is a person?
Personality is an excellent solution for identity management, in harmony with the latest data protection rules. Space in the field is empowering customers and giving it control over their personal data, as well as means to gain access to their personal data. Using an individual person, spend a little more time updating the data and their service providers to be able to access the latest version of the customer data.

The main purpose of Persona

ü  To utilize Associate in Nursing identity management service for people supported the blockchain technology offered Arabica.

ü  Protect each personal detail. whereas it's clear that people ought to offer details to varied entities, they are doing not have management over it after. Persona puts individuals back to the driver’s seat.

ü  Empower everybody and provides the power for what they share and with chemical analysis regarding their personality and details.

ü  Allow third parties to be entrusted with personal details that enrich their services by giving trait as a service.

ü  To prevent false news, by providing a localized identity management system, Persona can offer the amount of trust we tend to all want as a result of we rely on the news, by profile

ü  To facilitate the onboarding method by the entities listed within the system:

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

The Web application’s security:

- 2FA Authentication

Once the user creates his identity, the data stored is secured by the cryptographic algorithms of the blockchain. There are numerous reasons why blockchain is more secure than a centralized application: lack of a single-point of failure, no-prone to human errors or data stealing, etc.

Technology and Architecture

According to  the UK Government, the distributed ledger technology is already having a profound impact on how private companies manage data and interact with customers and suppliers. If applied within government it could reduce costs, increase transparency, improve citizens’ financial inclusion and promote innovation and economic growth.

The Persona Blockchain represents a DPoS system with 51 delegates which makes use of the Ark technology (Persona is a fork of ARK, following ARK’s vision of point.click.blockchain approach). The number of delegates has been set to 51 in order to support the estimated number of nodes and transactions for the first year.

If the number of Pesona users will increase to a value greater than 1,000,000, an update proposal will be published and discussed in the community so the number of delegates can be increased. This approach is taken in order to ensure the necessary scalability for Persona. Based on the technical description of the ARK blockchain is as follows:

DPoS (Delegated Proof of Stake):

                - 51 active forging Delegates

                - Delegates selected by vote mechanism built into DPoS

100 Million PRS - Seeded Genesis Block

Multi-signature accounts

The block reward and inflation graph are illustrated below :

 

Token Design

The PRS token is an utility token that is used by the platform in order to issue verifications. For each verification PRS tokens are used. The tokens circulate in the environment and they will be forged through a DPoS system with 51 delegates, similar to Ark.

When verifications take place and the initiator is a private partner, they will pay PRS tokens for the verification. The verification price will differ based on the complexity of the verification.

TEAM

Business Plan

TGE Timeline and Token Allocation

The Token Sale for Persona will take place following the phases illustrated below:

 

The seeded number of tokens will be 100,000,000. The price for one PRS token during the TGE is $0.2. The total allocation is:

ü 70,000,000 PRS allocated for the TGE

ü 15,000,000 PRS allocated for the team composed of the co-founders. The tokens allocated to  the team will be vested over a three-year period, split into yearly payments as following:

v 10% at Genesis

v 30% after 12 months

v 30% after 24 months

v 30% after 36 months

Ø  12.000.000 PRS allocated for the Persona Startup Fund.

Ø  PRS allocated for the advisors. The tokens allocated for the advisors will be vested over a period of 6 months.

Ø  1.500.000 PRS allocated to the bounty.

Ø  500,000 PRS allocated for the escrow services (performed by Ark ).

There are 70,000,000 PRS allocated to the TGE, split into one Private Sale and a three-phase Public Sale, as explained below:

ROADMAP

More Information Visit The Persona Link:

Website : https://persona.im/

Whitepaper : https://persona.im/documents/whitepaper-v1.pdf

Facebook : https://www.facebook.com/personablockchain

Twitter : https://twitter.com/PersonaIam

Telegram : https://t.me/personablockchain

Medium : https://medium.com/@persona

Linkedln : https://www.linkedin.com/company/11372441/

published by: Kontolq_Abo

Profile link: https://bitcointalk.org/index.php?action=profile;u=1572785

MyEtherWallet address: 0xb7742Bb562b6acf9FAfAFFf3368D37972F671959