Peer Mountain - Decentralised Trust For Everyone

Peer Mountain - Decentralised Trust For Everyone | Ecency

We all know that data security is currently a major problem is because today's technology we use is a centralised servers and centralised servers gets hacked easily leading to a huge data beach. In 2017 Equifax's secure servers gets hacked and cyber criminals stole nearly 146 million user's personal data which includes their credit card details, date of birth, security numbers. Government is passing regulations to control these crisis. If we still use the old broken technology to store sensitive data then hackers again attack and beach data. Developers are now using blockchain technology to prevent identity theft by providing individuals, ownership of their personal data and to store data into a distributed ledger. Now peer mountain is further extending users ownership and allowing them to control their cryptographically secure identities. Peer mountain is the first decentralised peer to peer trust marketplace where users control their personal data.

How Peer mountain works :

Peer mountain uses Blockchain technology to secure identities of individuals and organisations. Individuals data is stored securely and users have a private key or authentication pin and a fingerprint for security. Peer mountain Enable the exchange of identity data between digital and physical services. It's a first mobile distributed system of trust. By using cryptographic protocols, peer mountain allow people and institutions to create and own a digital identity. Members of peer mountain have control over their data, they have to decide with whom their data is to be shared. The data is secured with cryptographic protection, it is inaccessible to third parties. Even the peer mountain also inaccessible to the protected users data. The identity data stored in the peer mountain is attested (verified) that it can reduce the cost of KYC in the financial institutions. Users have control over the amount data to be shared with the others i.e they have control over their privacy.
For example : University and banks required different sets of data, so user have control over the data and they can provide only the required amount of data to each institution and the remaining data is inaccessible from the each institution. Users also can revoke the access to their data later on.

Use cases :
A potential use case of peer mountain is let's take an example of university student. University students have their personal ID and there are several instances where this ID is needed like for registering courses, getting discount for movie in theatre or registering for lunch pass. Here you don't want to show your student ID everytime with them. But with the help of blockchain technology your ID is verified once and it can be used in several occasions without showing your ID. After your university completion, you can store your degree certificates, skills and your experiences in the blockchain.

Token ecosystem :

Peer mountain ecosystem uses Peer Mountain Token (PMTN) to measure the value of trustworthiness. You can transfer PMTN to the entities that you trust most. Only way to earn PMTN to be by trustworthiness.
Peer mountain acts as a middlemen to attest (verify) the circle of trust between consumers, service providers and certificate providers.