Categories: News

Blockchain Identity Manager Persona Partners with P2P Lending Platform Fintrux

Persona is partnering with the P2P lending platform Fintrux to provide their Blockchain based identity solution to streamline the onboarding process for customers while ensuring they remain in full control over their personal details.

Persona will provide their Blockchain identity service to onboard customers onto Fintrux’s platform and complete their KYC. Unlike some other identity projects, Persona is developing on its own Blockchain instead of using an ERC 20 token on Ethereum Blockchain. Transaction data is processed by the Blockchain and IPFS is used for storage.

Once they enroll to Persona Blockchain Fintrux is able to update and verify the borrower’s identity. Persona won’t have any access to individuals personal details hence giving the individuals control over their own data. Persona will empower the users to have secure access to their personal data.

Individuals also have a web app plus dashboard to use and a mobile app which helps in data management.

As the user identity data is stored in a Blockchain away from companies to customers themselves, the corporations are automatically secured from extortions, thefts, and bugs that can hurt both from an image point of view, as well as being fined by authorities.

Conrad Lin, Co-Founder of Fintrux said in a Press Release:

“FintruX Network is actively exploring how Persona can be involved in our initial pilots based in Singapore and US, We are excited to see how Persona’s services will enable us to better respond to our customer’s needs by rapidly verifying the identity of borrowers on our platform.”

Ștefan Neagu, Co-Founder of Persona said:

“We’re looking forward to work with FintruX and provide their clients with the solution Persona creates for identity management, With Persona, individuals are claiming their identity back, validation and verification is performed by the same community who at any given moment can store or copy any of the personal details.”

Also Read:


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Shrikar Parashar

Shrikar is a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.

Share
Published by
Shrikar Parashar

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago