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Topic: Peer Mountain | Cross Chain Identity Platform (Read 156 times)
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Peer Mountain goes beyond providing users with ownership and control over their cryptographically secure identities. It is an end-to-end application ecosystem that facilitates secure commerce and exchange of digital and physical services.
The Peerchain™ protocol, architecture, and system design are protected by the 9 October 2017 European Patent filing 17195509.9 – “Method and system for decentralized messaging and data access”.
We have also filed trademarks for the Peer Mountain and Peerchain™ brands with EUIPO trade mark numbers 017282931 and 017350182, respectively. It is our intent to release the Peer Mountain client SDK for Android and iOS as open source, and to open-source the Peer Mountain Attestation Engine SDK. It is also our intent to submit the Peerchain™ Protocol for RFC in order to develop an open standard that can be used as widely as possible in any economic context.
Peerchain™ Protocol
Every operation in Peer Mountain is defined by a message type. These messages are wrapped in an envelope that provides the basic common information about all operations. The messages themselves contain the specifics about their respective operation. Messages that alter the state of the system are hashed and timestamped in an immutable blockchain layer.
Service providers, or other external entities (e.g. regulators), may run blockchain nodes without necessarily running Message/Object storage nodes.
Only the message identifier and hashes related to the content of the message is stored on the blockchain layer. All other information is kept in a high-performance database.
Every operation in Peer Mountain is defined by a message type. These messages are wrapped in an envelope that provides the basic common information about all operations. The messages themselves contain the specifics about their respective operation. Messages that alter the state of the system are hashed and timestamped in an immutable blockchain layer.
Service providers, or other external entities (e.g. regulators), may run blockchain nodes without necessarily running Message/Object storage nodes.
Only the message identifier and hashes related to the content of the message is stored on the blockchain layer. All other information is kept in a high-performance database.
Cross-Chain Compatibility
Different blockchains are not compatible across chains and are incapable of handling cross-chain transactions across multiple chain instances.
Peer Mountain overcomes this challenge. Chains and storage make up the operating layer of each instance. The patent-pending PeerchainTM Protocol then enables Peer Mountain users to communicate across instances, so they can transmit digital assets across chains. In addition, digital signatures recorded in one instance remain legally binding throughout the Peerchain™
Different blockchains are not compatible across chains and are incapable of handling cross-chain transactions across multiple chain instances.
Peer Mountain overcomes this challenge. Chains and storage make up the operating layer of each instance. The patent-pending PeerchainTM Protocol then enables Peer Mountain users to communicate across instances, so they can transmit digital assets across chains. In addition, digital signatures recorded in one instance remain legally binding throughout the Peerchain™
High Scalability
Due to their consensus mechanism, blockchains require a higher data throughput. However, blockchains don’t have the capacity to handle large quantities of transactions simultaneously.
Peer Mountain allows for secure and transparent service segmentation across blockchain deployments. This means an organization can deploy services that require a high volume of real-time transactions on a dedicated Peer Mountain blockchain, while deploying the rest of their services on a common Peer Mountain blockchain.
For example, a bank could run separate instances for current accounts, specific types of credit cards, and auto loans. This setup splits the transaction volume across instances, enabling the bank to achieve higher cross-service data throughput, as well as cross-instance data compatibility. This means the bank can use information from a customer’s credit card dossier in the auto loan and current accounts instances.
Due to their consensus mechanism, blockchains require a higher data throughput. However, blockchains don’t have the capacity to handle large quantities of transactions simultaneously.
Peer Mountain allows for secure and transparent service segmentation across blockchain deployments. This means an organization can deploy services that require a high volume of real-time transactions on a dedicated Peer Mountain blockchain, while deploying the rest of their services on a common Peer Mountain blockchain.
For example, a bank could run separate instances for current accounts, specific types of credit cards, and auto loans. This setup splits the transaction volume across instances, enabling the bank to achieve higher cross-service data throughput, as well as cross-instance data compatibility. This means the bank can use information from a customer’s credit card dossier in the auto loan and current accounts instances.
PARTNERS
Peer Mountain is being developed and launched by KYC3 and two partners: a major Swiss corporation, and a world-renowned German corporation.
Peer Mountain is being developed and launched by KYC3 and two partners: a major Swiss corporation, and a world-renowned German corporation.
FuturistLabs and KYC3 are providing core tech teams to the build effort. Fjord, a best-in-class user experience design studio, is working with the teams to deliver a first class user experience for both the mobile and enterprise platforms.
Once the first commercial release is completed in 2Q18, the Swiss partner intends to deploy Peer Mountain to its clients, eventually reaching all of its 3 million Swiss credit card holders.
Our co-build partners are participating on the business side and we are building a solution that meets their requirements in terms of security, scalability, and functionality.
We have vetted Peer Mountain with their Chief Information Security Officers, we will have independent audits of the solution done before deploying it in live production, and we’re working with their risk and compliance teams and their product teams so that we can enable the solution to deliver their services.
TEAM
In the news: Peer Mountain CEO named one of the top 200 fintech leaders in Europe.
Our team has the know-how to deliver a top-performing platform and superior user experience. We’re on course to deploy Peer Mountain globally within a short time frame so that our ecosystem delivers its true value to its investors, and users, quickly. To ensure a successful Token Sale, we’re also working with several trusted advisors who are experts in token offerings.
In the news: Peer Mountain CEO named one of the top 200 fintech leaders in Europe.
Our team has the know-how to deliver a top-performing platform and superior user experience. We’re on course to deploy Peer Mountain globally within a short time frame so that our ecosystem delivers its true value to its investors, and users, quickly. To ensure a successful Token Sale, we’re also working with several trusted advisors who are experts in token offerings.
Peerchain™ unlocks blockchain’s full potential
Patent-pending PeerchainTM architecture solves some of the key issues of this rapidly evolving technology, offering a wealth of benefits that include:Easy scalability
Anyone can run as many local instances as they wish.
Maximum versatility
Blockchain-agnostic architecture ensures that Peer Mountain instances function seamlessly on any blockchain platform.
New revenue streams
Anyone can be an ID verifier and earn PMTN whenever their verifications are used in the Peer Mountain ecosystem.
Instant data protection compliance
People share only the information they want to share, and not the data itself, but verifications based on zero-knowledge proof.
Increased business opportunities
PeerchainTM offers access to new international markets in the blockchain sphere.[/center
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