Business Chief USA February 2019

TECHNOLOGY
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but it can be used for those products
and services.” In Asia and further
afield, Johnson is keen to highlight
the potential of ID technology for
business, particularly for SMEs. “It
enables small businesses, people at
food festivals or taxi drivers to transact
without that chunky terminal. The
potential for the smaller is immediately
accessible… and this can also benefit
larger businesses as well.”
A BLOCKCHAIN BASED FUTURE
For Johnson, blockchain technology
was a clear choice in implementing
a more secure and convenient platform.
“We spent time looking at other solutions
to get to the same point – the key one
being zero knowledge storage. Existing
systems that do zero knowledge
storage are quite clunky, and often
they’ve got root level access to providers
and such like. With blockchain, only the
user has the key to their information,”
he explains. “We have zero knowledge,
we have the decentralized network,
and we have encryption to an extremely
high level – so blockchain ticked many
boxes.” In addition, blockchain allows
a kind of credit history to be set up due
“It’s a lot more
secure and
convenient —
you get the
best of both
worlds”
—
Alastair Johnson,
Founder and CEO, Nuggets
Alastair Johnson discusses personal
data storage @Retail Risk 2018
FEBRUARY 2019