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Payment and ID without sharing personal data

RTIH
E-commerce giants fooling consumers into giving up data

Data sharing for simple online payments and other transactions is not necessary and e-commerce giants should come clean with consumers about why they are storing their personal data. That’s according to Alastair Johnson, CEO and Founder of blockchain-based e-commerce payments and ID platform, Nuggets.

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FintechFinance
Blockchain And Cryptocurrency Effects On The Payment Processing Industry

"A purely peer-to- peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." These are the words of Satoshi Nakamoto, the still unknown creator of Bitcoin, in the abstract section of the original whitepaper describing the peer-to- peer electronic cash system.

Ten years on and the idea described has developed into a network with a market cap of over $150 billion dollars. However, the payment processing industry hasn't disappeared. One reason may be, as suggested by Peter Thiel, the co-creator of PayPal, that "the payment system (of Bitcoin) is somewhat lacking" and "very hard to use".

So, for all the hype about blockchain's impact on payments, the question remains as to whether it has or will truly transform the system that exists now.

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IrishTechNews
Business Showcase: Nuggets

Nuggets is an e-commerce payments and ID platform. It stores your personal and payment data securely in the blockchain, so you never have to share it with anyone – not even Nuggets. That means no more data breaches – because companies don’t have to store your data. So you can make payments and use services without worrying about your privacy or security.

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IrishTechNews
Putting ID on the blockchain, why Nuggets is a truly innovative technology, Joshua J. Bouw, Co-founder of BlackCoin

I came from a community that was seeking a better implementation of Austrian economics on the blockchain. Naturally, Proof of Stake was interesting to me, so I set out with others to bring the first fully Proof of Stake coin to life in early 2014. That was Blackcoin. Since then, I’ve been engrossed in my endless desire to explore new blockchain technologies

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BusinessWire
Renowned Blockchain Expert Joshua J. Bouw Joins Nuggets as Senior Strategic Advisor

Nuggets, a groundbreaking consumer blockchain platform aiming to transform the world of online payment, privacy and security by enabling consumers to take back control of their personal data, is pleased to announce that Joshua J. Bouw, world renowned blockchain expert and co-Founder of Blackcoin, has joined the team as a Senior Strategic Advisor.

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Forbes
28 Retail Marketing Predictions To Watch In 2018

2017 was the year where the marketer’s role in retail changed drastically and retail businesses (both pure-play and omni-channel retailers) had to come to terms with a new playing field that required them to disrupt their own strategy at every turn. Amongst a very long list, this included understanding the next generation of customers, learning how AI can help them in their role, maximising sales during Black Friday and key shopping days, preparing for GDPR (in Europe), building personalisation into the core customer experience, implementing new solution providers to the marketing stack and experimenting with new technologies and tactics to see what works.

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BusinessWire
Fintech Authority Sally Eaves Joins Nuggets as Senior Strategic Advisor

Nuggets, a consumer blockchain platform aiming to transform the world of online payment, privacy and security by enabling consumers to take back control of their personal data, is pleased to announce that Sally Eaves, the highly experienced Chief Technology Officer, Practising Professor of FinTech and member of the Forbes Technology Council, has joined the team as a Senior Strategic Advisor.

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ABIResearch
The 15 Startup Innovators That are Set to Light Up the Blockchain Cybersecurity Market

Blockchain technology is most often associated with cryptocurrencies and financial services applications. But, it’s the very decentralized nature and cryptographic anchor of blockchain that makes it a prime foundation for cybersecurity solutions, particularly considering the continued mass-scale data breaches and identity theft happening on a worldwide scale and within the most well-guarded corporate perimeters. The race is on for blockchain-based cybersecurity. ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies, has identified the fifteen startups in the blockchain-based cybersecurity space who are driving these unprecedented security solutions.

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MarketWatch
How blockchain can protect our personal data from hackers

The way companies store personal data is broken.

The cybersecurity industry has mushroomed in recent years, but the data breaches just keep coming. Almost every day brings news of a new data breach, with millions of records compromised — including payment details, passwords, and other information that makes those customers vulnerable to theft and identity fraud.

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PaymentsSource
Out of the U.K.'s regulatory sandbox: A blockchain password alternative

One of the indirect offshoots of Brexit is a government program that's designed to keep the U.K. relevant by lending a hand to new companies.

The program, FCA Innovate, may have a global effect by nurturing companies that aim to retire static authentication modes such as usernames and passwords.

"We're all seeing these breaches coming out on a daily basis it seems," said Alastair Johnson, co-founder of Nuggets, a two-year-old company that has been working on its identity system and plans to launch in the first quarter of 2018.

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Fintech
Meet The Startup Creating The Payment Platform To Give You Your Identity Back

Alastair Johnson wanted to find a way to give people back control over their personal information and identity. His company Nuggets, a UK-based blockchain startup he cofounded with a co-worker from his tenure at Skype, is the result.

The desire to launch a blockchain-based startup was personal. A few years ago, Johnson’s credit card was compromised in a security breach of consumer data.

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PaymentsJournel
Blockchain May Hold the Key to Payments and Data Security

Data security is in crisis. What was an emerging problem only a few years ago has become the greatest fear of online shoppers, and a major headache for businesses.

In 2016, the cost of card and identity fraud was in the US alone was $16 billion. This is partly due to the fact that such fraud creates additional losses beyond the initial stolen money. For every dollar US merchants lost in card fraud in 2016, they lost an additional $2.40 from chargebacks, fees and replacing merchandise.

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PointofSale
Could Blockchain Technology Solve The Data Security Crisis?

An escalating crisis

Earlier this year, hackers stole the details of 143 million Americans from credit monitoring firm Equifax. Those details included home addresses and Social Security numbers – gold dust for identity thieves.

Of course, the biggest breach of all time (so far) puts even Equifax in the shade. In 2016, Yahoo finally admitted that all three billion of its customer records were breached when it was hacked in 2013.

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CryptoDaily
Control your Data with Nuggets

Nuggets gives power back to the people, enabling 'self-sovereign identity' on a mass scale. And it frees companies from the burden of storing and protecting millions of customer records. Nuggets is building a consumer blockchain platform giving users a single biometric tool for login, payment and identity verification, without sharing or storing private data. In the future a scenario in which biometrics becomes a dual-factor type of authentication in the advancement of privacy is becoming more and more likely. Nugget's main goal is to keep the transactional value as the only value that’s stored on business servers. The safety of a user’s identification is in the hands of the user alone for the transaction.

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Blockchain
Could Blockchain Technology Solve The Data Security Crisis?

This week we have another exciting and informative interview for you as Mark braves the November cold snap and talks to Alastair Johnson and Seema Khinda Johnson, the dream team behind Nuggets.

We talk identity theft, their upcoming token sale and casually exchanging emails with Vitalik Buterin.

We also talk about diversity in blockchain tech, fintech startup and challenger banks and how meetups like Women In Blockchain are starting to address the balance.

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MobileIDWorld
Nuggets Commences Pre-Sale of Digital Tokens

Nuggets' pre-sale of digital tokens for its new cryptocurrency platform has commenced.

The platform is based on blockchain auditing, and uses biometric authentication to verify users’ identities without the need to reveal any other personal information. But in individual transactions users can choose to share more personal information in exchange for Nuggets Tokens - the platform’s currency - encouraging users to monetize their data.

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Millennial2020
Millennial 20/20 "Ones to Watch" Awards

Brand authenticity, trust, convenience, experiential, on-demand, mobile, online and personalised digital interactions are all values held dearly by today's customers. Millennial 20/20 Summits showcase disruptive retailers, innovative brand campaigns, unique startups and solutions that are bringing the future of retail, marketing and commerce to life.

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InvestFeed
How Blockchain Technology is Solving a Growing Identity Crisis

If the recent Equifax breach has proven anything, it’s that centralized entities cannot be trusted with handling personal data. According to the Identity Theft Resource Center, in 2017 alone, there were over 1,000 data breaches across five different major categories which included over 163 million records being exposed. One of the largest areas of information breaches came from the business sector, with over 91% of that total share of exposure.

This information is usually held for ransom in the form of cryptocurrency more often than not. The Equifax breachers demanded 600 Bitcoin ( 2.66 million USD at the time) because they wanted to “monetize the information.” That also didn’t stop the executives from Equifax from selling off their stock and making millions before publicly revealing information about the breach.

In the case of Equifax, the username and password to access a large extent of international records ended up being "admin," leaving a clear path to a data security breach. But in the era of blockchain technology, why should third parties be trusted with data at all, even in the case of credit?

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BBVA
BBVA Open Talent Global Trends fintech competition

In 2017, the ninth edition of BBVA Open Talent offered more fintech startups around the world the chance to compete and win. The competitions focused in seven key areas: Identity, Artificial Intelligence, Fintech for Companies, Global Trends, Women in Fintech, Financial Inclusion and a regional competition for finalists from Spain, Latin America and Turkey. The winners from each of these main areas are invited to the BBVA Open Summit and Immersion Week held in October at the BBVA Group headquarters in Madrid. In addition to time spent networking and collaborating with BBVA executives, there are tens of thousands of euros in award money up for the grabs, with the ultimate winner receiving €50,000.

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PlanetBiometrics
Nuggets announces 'token sale' for blockchain ID platform

Digital 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 combines blockchain 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.

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Invezz
Upcoming ICO: Former MSFT, Skype Execs Behind Token Sale

A couple of ICOs recently have been touting a hybrid approach to their respective ecosystems, seeking to find common ground with more traditional tech and cryptocurrencies. Perhaps surpassing them all is UK-based blockchain-based startup Nuggets founded by former tech execs from Microsoft and Skype. The Nuggets ICO is scheduled for Nov. 14 in which the consumer blockchain payments platform will begin selling its Ethereum-based tokens to the public.

Meanwhile, in the spirit of ICOs being compared to IPOs of late, Nuggets took to the investment banking community, typically associated with underwriting deals in the equities markets, for the sale. Nuggets engaged Argon Investment management, a division of Los Angeles-based investment bank that focuses on the cryptocurrency markets including ICOs, for the token sale.

Nuggets founders Alastair Johnson and Seema Khinda Johnson worked together at Skype and Microsoft, respectively. Both execs were on the creative side of IT, including launching new products to market. The genesis of Nuggets was when Johnson suffered a credit card breach, which led him straight to the blockchain to develop more advanced data security.

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BlockchainNews
Nuggets Announces Token Sale for Revolutionary Blockchain Platform for Secure Private Payments and ID Verification

Nuggets, a consumer Blockchain platform aiming to transform the world of online payment, privacy and security by enabling consumers to take back control of their data, has announced its plan to hold a token sale to raise capital for ongoing product development and the planned 2018 commercial launch of the Nuggets platform.

Nuggets combines the unrivalled security of Blockchain encryption with biometric verification to render passwords effectively obsolete and give users a secure ‘personal cloud’ of data in zero-knowledge storage. Not even Nuggets can access this data. 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.

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Beauhurst
How UK blockchain startups are revolutionising cybersecurity

What is blockchain? And how are startups using it to change the way we interact with each other?

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EthNews
FCA Provides Update On Regulatory Sandbox

The UK Financial Conduct Authority (FCA) has revealed which companies will begin testing their applications in the second cohort of its regulatory sandbox. The initiative, which started in 2014, seeks to encourage competition in the UK financial service sector by allowing businesses to test services, products, business models, and delivery mechanisms.

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CoinDesk
UK Finance Watchdog Adds More Blockchain Startups to Regulatory Sandbox

One of the UK’s top finance regulators is expanding its regulatory ‘sandbox’ to include more blockchain startups. Last November, the Financial Conduct Authority (FCA) revealed that it was including nine such startups in its program, which aims to offer a test environment for new financial products. In the second iteration of the sandbox initiative, the FCA is adding a total of 24 startups, nine of which are blockchain-related. Christopher Woolard, the FCA’s executive director of strategy and competition, said in a statement:

The nine blockchain companies are BlockEx, Disberse, Nivaura, Nuggets, OKLink, Oraclize, Paylinko, Sabstone and ZipZap. Out of that group, Nivaura took part in the previous round.

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No more ID or credit card fraud. No more passwords. The future is safer and simpler with Nuggets.

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