BaaSid is a 100% decentralized blockchain that ensure personal information like texts and images are completely protected from malicious parties. BaaSid developers identified a problem with the existing blockchain system, where various blockchain-based internet services managing personal information bringing about centralization that blockchain is meant to work against. Instead of securing personal information by building a wall in front of these data, BaaSid instead breaks down/fragments theShow more [+] data base separating it from the main net. The aim is to have personal data used only when it is needed instead of having it all in the same place and exposing it to information disclosure. The project's aim is to achieve 100% decentralization.
The platform utilizes three simple technologies. The first one called the Split ID allows users to fragment their own data bases, which they can then encrypt and store with separate passwords. This technology works with the second the Split block that enables multiple users to merge their split IDs to create a higher scale system. With this integration, it becomes impossible for hackers to guess personal information contained in such a block. The third technology is called Certification of Public Network (COPN) that utilizes information randomly and allows users to enjoy internet services without exposing them to risks.
BaaSid utilizes the BAAS token to run and secure the platform through consistent transaction and its wallet. The token is never premined and is listed for trading on various exchanges including IDAX, Coinbene and BIMAX. The project is managed by a group of experts from various countries specializing in blockchain, finance, network and telecommunication. Some of these experts include CEOs, Otaka Jun, James Huang and Nicholas S.L among others.