The idea of a peer-to-peer trustless economic system in a blockchain solution, came to Jed back in 2006 when he started using social media giant, Facebook. Jed, however, decided that there needed to be an openness and created a platform where users owned their social media data, not the other way around. Blockchain simplified the architecture and thus more feasible in 2009.
This resulted in a decentralised platform created by Jed and the Peer Mountain team and will be the only decentralised identity network that provides businesses with instant cost-effective regulatory compliance. Thus putting people in control of their protected personal information, and pays ID verifiers for their trustworthiness.
“Peer Mountain is a decentralised ecosystem of trust” Grant Explains. “It’s designed to create frictionless regulatory commerce, from alcohol and cigarettes to complex financial services; Peer Mountain will be there.”
To learn about how KYC and other solutions have evolved within the Peer Mountain protocols, please follow the link to listen to the podcast in full.
Further, for more information, please follow the Peer Mountain Telegram group to keep up to date with all news from the project, found here.
About Peer Mountain
Peer Mountain is the cross-blockchain protocol that connects self-sovereign ID holders with businesses, enabling commerce at scale. It is the only decentralized identity network that provides businesses with instant cost-effective regulatory compliance, puts people in control of their protected personal information, and pays ID verifiers for their trustworthiness. Peer Mountain is working with a major Swiss financial institution to develop its platform, which it will roll out to 12 million Swiss and German end users by the end of 2019. For more information, please join the discussion in the Peer Mountain Telegram group.