Ignition is set to launch Hypersign, a simple-to-use authentication solution that secures user data by combining Digital Identity with Blockchain. We are delighted to bring this rare opportunity to our awesome community!
- Hypersign Whitelist Open: June 1, 2021
- Hypersign Whitelist Close: June 04, 2021, 4AM UTC
- Hypersign IDO on Ignition: June 09, 2021, 11AM UTC
- Vesting Schedule: 100% on Redemption on Ignition
Don’t miss your opportunity to whitelist HERE.*
Data is the lifeblood of modern business; everything either runs on it, collects it, or analyzes it. But while data makes things efficient both for the service providers and the end-user, data privacy and collection remain sensitive issues. This is why trust between application providers and consumers is of growing importance.
Adding security measures eases customer concerns but breaches are still common. Afterall, data sets are centralized and unencrypted, making them easy targets for hackers.
This leaves the companies with two options: don’t store data or encrypt it. Not storing data would drastically affect customer experience; no more auto-filled forms or relevant recommended items. On the other hand, encrypting data is slow, costly, and requires additional key management software to be installed.
Both are extreme and unreasonable solutions. Enter Hypersign: a privacy-preserving protocol that protects business data from breaches and provides scalable, secure, and tamper proof solutions to end-users via the blockchain – satisfying the demands of providers and consumers alike.
How does Hypersign Work?
Hypersign combines Public Key Cryptography and issuance-verification paradigms and can be deployed in many fashions, from completely decentralized to privately centralized. The issuance verification paradigm can accommodate various use-cases for three stakeholders:
- User: Who has user data.
- Issuer: The one who verifies user data and issues credentials based on user data.
- Verifier: The one who verifies credentials, upon verification provides the service.
Hypersign offers password free logins and distributes the trust and security responsibilities proportionally amongst stakeholders. Users can decide to offer their personal data to issuers who verify and issue cryptographically signed credentials back to the user. While the user has full control on their personal data, they don;t have to store it, there is an option to encrypt it and access it at a later time on the cloud as backup and recovery. The user can now share this data to the issuer whenever required. The issuer then calls upon a verifier to validate the encrypted data through verification requests. Thus, making data tamper proof, scalable, and shareable in a P2P fashion.
Don’t miss your opportunity to whitelist for Hypersign now, HERE!*
*For applications to be considered valid, all applications must adhere to the PAID whitelist lottery rules, must pass PAID Ignition’s KYC process, and adhere to each project’s specific KYC requirements and country restrictions which varies per project on a case to case basis. For a list of Hypersign specific restricted KYC countries check HERE.
Hypersign — a simple-to-use authentication solution that secures user data by combining Digital Identity with Blockchain. It offers Password-less Authentication, Verification & Authorization Services while integrating within minutes into any ecosystem. The Hypersign token is called $HID.
For questions about Hypersign:
IGNITION is a featured product of PAID Network, operating as a decentralized swapping protocol which allows blockchain-based token projects to offer their private and public auctions. The platform features Ethereum, Binance Smart Chain (BSC), and here shortly, Polkadot functionality.
Ignition is different from other auction platforms in that it properly vets and selects only top-tier cutting-edge projects. Its multi-level incentivization mechanisms for participants of published projects will encourage HODLing that supports both the project founders and the community. It isn’t just a trading platform, it FUELs projects and takes fundraising to the next level.
Ignition brings quality projects, fixed swaps, and equitable lottery participation to the PAID community.
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.
For any questions for the PAID network, please feel free to reach out to us on:
Hypersign IDO on Ignition: Whitelist Form