Nuggets – A Blockchain-Based Platform that Revolutionize Data Security

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The number of online data has increased significantly. They can be in the form of payment card details, emails, passwords, and many more. The number will keep increasing and can be doubled even tripled in the next decade. At the same time, the number of data hacks and breaches is increasing too. Do you remember when Equifax released a surprising news telling that more than 100 million Americans’ personal data are stolen? That is only one out of many cases of data hacks and illegal access. So, it is obvious that data security is the biggest problem for business. Concerning this problem, Nuggets comes up with the idea to generate a platform supported by blockchain with the capability to improve payment, privacy, and security of data security.

What is Nuggets?

The founder of Nuggets once had a personal experience in a way that his payment details were used illegally. In order to solve the problem, he should undergo a complicated and stressful process that seemed to be endless. This problem inspired Nuggets to solve the problem in a simple way. Nuggets combine security, privacy, and trust into one single decentralized immutable ledger. It all results in a ground-breaking blockchain based platform that makes all e-commerce payments simple and secure.

Using the platform, everyone will be able to make safe transactions every single day in which every transaction is verified with biometric code. In addition, ID verification, delivery, and login can be secured via this platform. In addition, to protect personal data which is at risk and abused, Nuggets are able to solvers some other problems such as replacing credit cards that have been expired, changing address details, managing forgotten passwords, and many more.

How Nuggets Work

Nuggets work to solve the problem by using zero knowledge storage. The storage contains vulnerable databases. With the storage, all encrypted data can only be accessed by the user. Their parties are not able to access the data because there are no leaks at all. There is even no compromised admin access. Even Nuggets itself has no ways to access the users’ personal information. The stored data take on genuine value through Nuggets tokens (NUG) that can be used to buy services and products. The NUG tokens are recorded on the product’s dashboard.

Holding these tokens, customers can enjoy some precious rewards and merchants can enjoy powerful commercial tools and features. Merchants can also reward their clients who purchase their products with NUG tokens. In this case, the tokens can function as an incentive. Using the tokens will eventually reduce the merchant’s costs significantly. That is why they can give discounts to any customers who use NUG tokens to buy their products.

How to Purchase Nuggets Tokens

You can use BTC, ETH, and USD to purchase NUG tokens in the ICO pre-sale and main sale. However, US residents are not allowed to participate. If you use USD, you must purchase more than 10,000 USD token value. There were 10 billion NUG tokens created and 35% of them are offered in the token sale. For pre-sale, there is a 20% discount for token buyers. The public sale is coming soon, that’s on May 1st, 2018.