Purity-as-a-Service, or PureFi Protocol Use Cases. Part 2

PureFi Protocol & Specific Cases

Data is the main asset in the modern global economy. Private companies, governments, and common people are focused on securing their data. For Hacken Foundation, data privacy and data protection are not empty words but rather a key feature of all projects we launch. We realize that we can preserve users’ loyalty and trust only when they are confident that their data will not appear in the hands of cybercriminals. And PureFi is the right tool for users to have the ability to securely manage their data.

Problem:

Financial regulators worldwide actively recognize the existence of decentralized financial instruments and start treating exchanges as market participants. However, this recognition means the application of certain rules. What is acceptable and widely used in traditional finance is hard to implement in DEXs since users prefer keeping their identity or any other data private. This creates a challenge for DEXs operators related to filtering eligible users, for example, not allowing anyone below 18 to trade.

Solution:

PureFi protocol provides information via zero-knowledge issuers. The zero-knowledge-proof is the cryptographic method allowing to validate information without sharing or revealing any data. A simple example is checking the account password for correctness without revealing the actual password to the service.

About Hacken Foundation

Hacken Foundation gives a boost to innovative cybersecurity solutions by empowering the Hacken Ecosystem through HAI Tokenomics. All projects pass a strict pre-approval procedure before entering Hacken Foundation so that potential investors may be absolutely confident of the projects’ transparency and protection of their assets. Hacken Foundation has successfully launched 4 projects including HAPI, disBalancer, ArtWallet, and PureFi. It is just the beginning of our long journey. We keep on looking for solutions that will make difference.

View more info about PureFi at:

Website: https://purefi.io

Follow us on our social channels:

Hacken Club Twitter: https://twitter.com/hackenclub

The community of crypto and cybersecurity enthusiasts united to keep not only themselves but also their friends and family safe in today’s digital world.

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