Full description of Privateum
Privateum is the first global Union of Cooperatives under the legal representatives umbrella. Privateum generously sharing Union of Cooperative profit with PVM
Token (?) holders in proportion to the total number of shares
Privateum is a technological platform for financial system integration. It’s a superior platform based on the private Ethereum network where Banks, Insurance companies, Borrowers, Lenders, Stores, Groceries, big and small businesses can integrate within one global system, be a part of one big union and get a legal umbrella. It will give everyone equal opportunity to get access to the system, find a partner within the union, grow their own business and pay close to Zero transaction fee. No hidden fees, no subscription, only one big business community performing as a single cooperative union.
Privateum is also growing a huge community of platform users all over the world without borders. We care a lot about our community that is why we are committed to build a healthy financial worldwide system and that’s why we will have Know Your Business (KYB) and Know Your Customers (KYC) super secure home grown systems, where we will keep all the information safe and private and only successful passing out through legal partners check Privateum will open its doors. Privacy is very important for our system which is why we are building our network in a private network with Zero Trust and Encrypt Everything, Know Nothing. Even our team will not be able to get access to the customer or any transaction data. Information is protected from everyone, even from us. Our unique solution of Ghost Network is on private data guard.
Who we are
We are a team of self-sustaining professionals with strong technical, cryptomarket, business, financial, analytical, legal, and marketing expertise who are committed to bringing the financial world to the next generation where the transactions are fast, secure, private, and no middlemen.
What we do
First Release
-KYB - We are building Decentralized, hosted on private network Know Your Business system for our regional Legal partners team verification
Alpha release will be tested security publicly with Bounty program
-KYC - We are building Decentralized, hosted on private network Know Your Customer system for our regional Legal partners team verification
Alpha release will be tested security publicly with Bounty program
-Encrypted and Secure Mobile Client (IOS and Android) Privateum
Wallet (?) integrated with KYC and public transfer functionality. After successful KYC verification private transactions functionality will become available
QA testing will be done with automated tests
Security testing will be done with automated softwares and processes
-Ghost Network - Based on an internal secured private Ethereum network that resides in the cloud in memory and is resistant to failover and Proof of authority (PoA) algorithm which delivers comparatively fast transactions through a
Consensus (?) mechanism based on identity as a stake. Nodes are all compensated equally for their contributions toward preserving the network. Privateum Ghost network can be easily restored without any loss of the client data, and be ready for the transaction processing. Hybrid approach of a secure enterprise solution and private
Blockchain (?) network in high speed operational memory provides clients with secure, reliable, fast and cost effective transactions
All applications delivery is automated with DevSecOps CI/CD pipelines according to the development and design best practices.
Follow-up
Future Releases
-New features for Mobile client
Investment programs
Asset management
Voting for Cooperative programs
-Back-Office solutions
Merchant client
Merchant transaction reports
Online payment
-Continuous product improvements and enhancements
-Financial Products and Services growth and support
Payments
Credit
Savings
Remittances
Insurance
-Distribution Models Integration and optimization
-Rating and Ranking
- Exchange symbol (?): PVM
- Cryptocurrency type (?): Token (?)
Privateum for developers
Privateum social sites
Source: NOMICS
