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BaaSid

Blockchain as a Service for Identification

BaaSid is 100% decentralized and stores your personal information on a network without a central database. It it cleaner and safer to use than any current method of storing information. Personal information of participants (or clients) is split into thousands of fragments using the ground breaking Split ID engine. The fragmented Split data is then encrypted and stored on individual, unique blocks on the network. After your data is encrypted, the original data copy is then destroyed. This platform is the first to create a data protection system that eliminates the need for a centralized database. When you need to access your online ID, the system uses P2P to inform nodes on the most rational and fastest way to reconstruct your information. Your split information is then allocated, pieced together, and visualized from a one-time pass that is immediately destroyed after you are done.

2.9
1 0 expert ratings
Benchy 2.9
KYC
Experts
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Review: coming soon PRO
~$5,290,000
value of tokens sold in ICO

Ended
Token
BAS Token
Type
Price in ICO
0.0037 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA, Singapore
ICO start
15th Apr 2018
ICO end
31st May 2018
Visit ICO website
Report

About BaaSid

The philosophy behind the blockchain dreams of world that is free from the centralization of existing vested interests such as governments, banks, institutions, corporations (various forms of political, economical, social and cultural powers and for-profit or non-profit powers of concerned groups) from where asset trading and credibility is maintained by means of a public ledger for individuals to create proactive opportunites for themselves amongst a wide range of parties concerned.

The direction the era is taking greatly demands transcending the distrust that arises when a centralized power group, that takes many forms, supplants the public sphere, and replacing this with a massive network consisting of individuals directly taking part.

Blockchain is significant in that it protects the various forms of individual property (money, real estate, intellectual property, and all other types of property) through decentralization, with the same information promised to the public by organizations or corporations that are susceptible to hacking, loss and falsification, enabling individuals to enjoy a higher quality of life and obtain better value.

However, with such blockchain technology and use, other types of centralization continue to come into being and there are doubts and limitations as to how they stand up to the threat of hacking. And this situation is spawning a slew of diverse companies and services.

The most prominent case is centralizing, saving and maintaining information on various internet service users based on the blockchain.
Already, there were many cases where databases (DB) with personal information stored, or other centralized databases were hacked. And event today little can be done to ease the anxiety surrounding such cases.

The blockchain technology itself nearly completely guarantees permanence and security against forgery or falsification, but the various services that are linked to this are already showing many limitations.

Despite these limitations, in virtual currency exchanges that use blockchain technology and in the various free and charged services attempts to collect and hack important and sensitive personal information is still a source of anxiety for participants, users, and service providers.

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