BaaSid

BAASID

This is a decentralized database that uses blockchain for user’s identification without the reliance on their personal data.

PROS:

• The platform divides the texts and images of the user’s personal information, splits and distributes them on a public network based on blockchain enabling the provision of certificate services to internet service providers
• The platform promotes easy and secure certification process as employs new authentication network which doesn’t have a separate centralized DB server
• The platform provides adequate security to the user’s personal information as they are split into thousands of fragments which are encrypted then stored within their corresponding split block and cannot be assessed by anybody
• The platform provides internet service providers with a vast database reducing the maintenance and development cost as they no longer required to invest large sums in the installation and operation of database
• The Certification of Public Network (COPN) of the platform doesn’t receive or store personal information on a separate database removing the legal risks involving the hacking attempts
• The platform has good team global blockchain experts with experience on blockchain technology, network and infrastructure enabling easy execution of the project
• The platform white paper is properly detailed with elaborate information on the project implications to the users with the ease of operations and is available in many languages promoting its use across the globe

CONS:

• The  platform BAS tokens doesn’t give the  holders the rights over the projects benefits  and dividends
• The platform doesn’t provide warranties and insurance to the funds raised in the pres-ICO stage

SUGGESTIONS:

• The BAS token should be made easily exchangeable with the commonly used cryptocurrencies and fiat to enable all the users to participate in pre-ICO stage
• The platform should set insurance to protect the funds raised during the pre-ICO stage

NOTE:

The BAASID project enables all the companies to securely and conveniently use their personal authentication without operating a centralized DB server making service providers to easily access to certified services. This is a motivator in investing in the project.