BLOCKCHAIN

48 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 .”

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 decentralised 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

— Alastair Johnson , Founder and CEO , Nuggets

Alastair Johnson talking about personal data storage @ Retail Risk 2018

FEBRUARY 2019