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It is a non-social, semi-anonymous professional profile, at this point we want to stay away from social aspect as what we are creating helps our users safeguard their identity where a person doesn't need to carry his/her ID instead just show the attestation hash stored on the block chain accessed via a mobile phone or a browser or a QR code. This decade is going to be all about data privacy/security and how users will not let others use your data without one's permission. Example: The recent Facebook / Congressmen face-off.
There are a couple of ways to accomplish this
a) For the time being we don’t want to store PII data, instead store attestation of the PII data on the blockchain. The PII data itself can be sent off chain to the Verifier so they notarize the PII data by creating attestations, these attestation or hashes that result from the PII data verification are stored on the blockchain.
b) Once we get enough funding, we intend to create a solution where PII can be stored off chain in SnapX built decentralized clustered cloud storage. We will provide the cluster software in the form of a mobile app. All users who download the mobile app will become part of the cluster and <5MB is reserved from each user's mobile to form a cluster cloud storage system where files can be stored in a decentralized fashion. The files will be segmented, encrypted and pushed to this storage system where decryption is only possible if the biometrics/face id/ proper auth is provided by the user.
c) Alternatively, there are blockchain based services out there which solve this need of storing data in a decentralized fashion. Services like IPFS, SWARM, STORJ simply store files in decentralized fashion as mentioned above, this way SnapX doesn't need to build a decentralized cloud storage.
Our smart contract is an 'IF THIS, THEN THAT' loop. If attestation is found send requester a boolean that user profiles which produced to the requestor has been attested. This boolean can be shown on the browser or a mobile app. The smart contracts can get automated and are the rules which govern any DAPP which is using a blockchain.
When a candidate initiates verification process, the segmented profiles go to a verification pool. The Verifiers (Attestation Providers) can access these segments like Experience 1, Experience 2, Skill Set 1, Skillset 2, Personal Details, Certifications, Education Details, Employer References etc.. Once verified they can provide the attestations and these attestation can be pushed to the blockchain.
The PII are sent to the Verification Partners
a) Sent personally by job seeker to the verifier thought email, (or)
b) Accessed by Verifier on the decentralized cloud platform (when this solution has been built)
FIAT means regular currency. Example: Dollar in the US, Rupees in India, Dinar in UAE etc ...
Your Professional profile is divided into 1) Personal details 2) Past experiences 3) Certifications 4) Skill Sets 5) Education Details 6) Employer References etc .. all these are considered segments and each segment is attested and linked with the next segment to form an attested profile.
KYC stands for Know Your Customer, its a process that business use to know the customer before they provide services. A good example is when we walk into a bank they ask us to provide all details so they can do a KYC before they give you an account.