Nuggets delivers trusted transactions through verified digital identities for every transaction. A multi-award-winning self-sovereign verified digital identity.
A multi-award-winning self-sovereign verified digital identity and payment platform that serves as the persistent, interoperable, and verified digital identity for Web 2.0 and 3.0 It enables trusted transactions through verified digital identities, a personal cloud vault, and auditable nuggets of data.
Cutting fraud, and safeguarding customer data.
Trust in the system that supports our digital lives has been eroded
Whenever customers sign up, transact or access services on-line they are open to fraud, security and privacy issues
Businesses need to be compliant but without the privacy and security risks
Privacy and security is the number 1 priority for consumers and business
In 2021, the average cost of a data breach reached an all-time high of $4.24 million.
And it’s only going to get more complicated.
Passwords and devices. In our current model for privacy and security, we rely on what we can remember (passwords), and what we have in our hands (devices), not what we can prove (our identity).
However, the real issue is that you don't know who is behind those passwords or devices. They can be wielded by unknowns and therefore it’s not possible to truly trust them, which means huge risk for the business.
What we need is a Verified identity that’s portable and transparent that allows you to prove who you are, enable access and serve as a non-custodial cache for your digital assets.
As we head for more transactions, more fraud and more friction we need a new privacy paradigm. One that’s built for today and for tomorrow. One that can easily transition from the meatspace to the metaverse.
Nuggets: an interoperable trust solution.
We leverage blockchain to maximise trust and transparency. We’ve created a true self-sovereign ID to allow for Trusted Transactions.
Which results in a comprehensive and compelling trust offering.
Verified Digital Identities
We tie every transaction to a verified self sovereign identity
We verify the customer is legitimate before they even connect to the service
We’re the gold standard digital identity through private and secure proof of transactions
Trusted Payments
Payments are tied to a verified identity
Personal Cloud Vault
Each identity includes a personal digital cloud vault with verified credentials
Auditable Nuggets
Our self sovereign auditable nuggets mean you no longer need to keep pii data but are granted access to data for regulatory and auditing purposes
The use cases are varied from Customer onboarding, Persistent Portable Digital Identity, Single sign-on with biometrics, Omnichannel payments to Age verification and push payments
And the benefits are vast.
Frictionless and secure customer experience
Reduced fraud and false positives
Privacy and security
Improved compliance
Increased operational efficiency
Faster time to market
So instead of… More transactions. More fraud. More friction.
We offer… More transactions. Less fraud. Less friction.
And because the data can be independently confirmed by all, the need for blind trust is replaced with trustless veracity.
We’ve also won a bunch of awards.
What more could you wish for?
Nuggets collaborates on metaverse digital identity with tokenized community management system.
Collab.Land, a crypto-centered community management system, is partnering with self-sovereign digital identity and payment platform Nuggets to grant control and portability over their identities in web3 and metaverse through biometrics.
The partners will seek to create an interoperable, decentralized, and metaverse-ready digital ID that will carry over identity factors like reputation from separate online communities in web3 and the metaverse. It says the collaboration will unlock the portability of web3 verified credentials, which can be anything from Discord server badges to tokenized confirmations of skills, character traits, or membership.
The crypto company says there was growing demand from its 3.5 million members for an ability to build their web3 reputation and digital identity with portability. Collab.Land says it chose Nuggets because it enables for securement of digital identity and finances through a self-sovereign identity and payment solution that serves as a reusable, interoperable, and verified digital ID for Web 2.0, web3, and as a non-custodial cache for digital assets.
Nuggets offers a self-sovereign digital ID app that onboards its users with a government ID document scan, a biometric liveness check with a selfie, and connecting a payment option. Further identity verifications are performed with biometrics to eliminates passwords.
James Young, founder and CEO of Collab.Land, says, “Our partnership with Nuggets illustrates a critical step in our journey to decentralize. Giving users control of their online reputation and allowing them to go beyond the confines of centralized platforms fits perfectly with that goal. Reputation and community can unlock many opportunities in web3, from DAO [decentralized autonomous organization] participation through to content moderation, and being able to verify standing in this space represents a significant boon for users.”
Decentralized identity secured with biometrics have made strides within the metaverse industry. Microsoft, Signzy, and ID R&D explored technologies to use biometrics to secure identities while Trust Stamp CEO Gareth Genner envisioned a metaverse where biometrically-authenticated interoperable avatars will make using digital assets across different metaverse platforms as easy as using a credit card. Rob Haslam, strategy consultant at Tech5, told Biometric Update that far from being rejected, biometrics will underpin the increasing use of decentralized identity applications.
eIDAS 2.0 Turns to Self-Sovereign Identification to Bring Users Ownership and Control.🔐
With the rise of an increasingly digital commercial and social world, the latest directive by the European commission has recognised the potential of Self-Sovereign Identity (SSI) and electronic ledgers (blockchain). This serves as a way forward to deliver user centric ownership and control of personal data. Having a secure, all-encompassing identity stands to benefit private individuals and businesses alike - providing trusted cross border transactions.
Nuggets CEO, Alastair Johnson’s latest article for Forbes, discusses eIDAS 2.0 and how self-sovereign digital identity represents a massive step forward in privacy, security, and user control.
Give the full article a read 👉 https://bit.ly/3yn2XRx