Abstract.
In the digital age, important and confidential documents can easily be forged or stolen. Identity theft and fraud are more prevalent and easier for a criminal or black-hat hacker to achieve than ever. Once important information has been stolen, sold on the black market, used and thrown away — it’s often the victim having to repair the black marks on their credit report, notify banks, authorities and more. This can take months and in some cases years, with the victim’s reputation and life left ruined.
Personr is set to disrupt traditional document verification and identification methods by utilizing the Binance Smart Chain (BSC) to create a foundational token. The token acts with multi-purpose as a stable investment, whilst we use Transaction IDs and Artificial Intelligence to securely identify and verify confidential, important and legal tenure documents such as Driver’s Licenses, University Degrees, Medical documents, Payslips and more. By simply streamlining and combining the decentralized network, Personr allows for easy and convenient digital identity verification whilst preventing identity theft and fraudulent activity within the real world.
The token takes advantage of a custom-built Wallet application, allowing users to maintain, verify and prove their documents — think of it as that ‘important document’ drawer you have — but much safer, secure and decentralized.
The Token(omics).
Personr was created to be a stable, deflationary and rewarding token with real-world use cases.
The total initial supply was 1,000,000,000,000 (1 Trillion) tokens, with 25% burned into a ‘dead’ wallet upon launch.
To maintain stability and protect investors from steep price drops, Personr has a 15% tax on all buy and sell transactions…
- 5% of the transaction value is reflected in current token holder wallets.
- 3% of the transaction value is distributed into a Marketing & Enterprise wallet, which supports us in developing our AI and continuing to achieve roadmap milestones.
- 2% of the transaction value is added into a Liquidity Pool to facilitate trades.
- 5% of the transaction value is burned into a ‘dead’ wallet which decreases supply and helps increase overall token value in the long-term.
Investors are encouraged to hold their tokens long-term, Personr was designed to prevent ‘rug-pulls’ and trading with the intention of severely altering price value…Additional taxes are burned into a ‘dead’ wallet if sold within certain timeframes.
- < 30-days | 3%
- > 90-days | 1%
- > 180-days | 0%
The Verification Process.
There are many, many, many ways to verify and present a document whether it’s official, confidential or not. Locked PDF with a password, anyone?
Rather than developing custom encryption, creating a company and pitching to major investors for them to have a 60% slice of Personr…we wondered — why can’t everyone have a slice? By utilizing the blockchain and BSC network, not only are we able to take advantage of decentralized documenting (unaltered Transaction IDs, blocks and timestamps) but we’re also allowing those who invest to take part in an industry-disrupting company and giving them peace-of-mind that we’ve done everything possible to make their investment secure.
Keeping things simple, once a user has created an account via the Personr wallet application and uploads a document, our AI verifies if it’s real and links a Transaction ID from the network to that particular document. When the user is wanting to prove their identity, they can select a document and generate a QR Code within the app. When scanned, no document is shown or transferred, but a prompt stating verification is successful (or not, in the event of somebody trying to commit fraud). Those who try and create a QR Code from a random Transaction ID on the network will fail to verify, as it won’t have been uploaded and linked locally to the wallet application and they won’t know the type of document linked to the specific ID. When a user switches phones or devices, similarly to a traditional crypto-wallet, they can input a secret phrase and gain back access.
The custom, Personr wallet application will utilize bank-grade security and Artificial Intelligence which has been informed by large datasets such as valid, forged and invalid (expired) documents. Users will be required to use our ISO-certified (ISO 30107–3) liveness selfie detection upon signup, along with uploading an image of their ID for the AI to analyse, verify and create their account. This thwarts impersonation fraud, as well as potential deepfake or spoofing attacks with fraudsters trying to create a false identity on our network. Once verified, users are free to upload as many supported documents they wish to securely store and retrieve when required.
The Use-cases.
Once the custom wallet application is made public, Personr can instantly be applied to every industry. No more having to dig into the ‘important document’ drawer to find what you’ve lost but need — cryptocurrency with immediate real-world use.
Institutions & Companies.
Use-case.
Financial — banks, unions and credit providers.
Conveniently and confidently view verified payslips, bank statements, employment letters and rental agreements.
Rental — agents & landlords.
Check previous rental history, bank statements, payment receipts and past tenant behaviour with ease.
Hospitality — bars, restaurants & clubs.
Quickly verify drivers licenses and passports to prove age, prevent underage entry and drinking.
Crypto — exchanges & wallets.
Instantly verify identity when signing up for Cryptocurrency exchanges and wallets.
Education — universities & schools.
Provide certified degrees, scores and grades without worrying about forgery.
Employment — new hires & departing employees.
Identify all employment-ready documents instantly and check what previous employers say about the user.
The Future.
When we have the basics conquered, there’s even more exciting developments ahead.
Showing off your Personr.
Stop sending confidential documents via email and easily allow external parties, such as employers or financial institutions, to securely view your Personr — or profile — for a set period of time (eg. 24-hours).
Using the wallet application, users will be able to generate a random code and select the document(s) they send to an external party for secure viewing of their profile. No documents are transferred during this interaction — the external party simply sees the document type, if it’s verified and any additional information dependent on the type of document (repayment history, rental history, etc).
Person-to-Person Analysis.
Stop relying on personal references and instantly show how good your Personr is — as an ethical and risk-analysis score.
You know you’re a good person, and we believe it too. Combine past employment and educational references, qualifications and credit scores to prove to external parties that they can trust you. By integrating more than one information-type, banks, employers, educational institutions and others you choose to show your Personr to, have confidence that your documents are thoroughly verified and are more-likely to consider your personal circumstances because of your score. Credit and other professional scores can often be derogatory and don’t take your personal situation into account — we want to change that.
For example, John Doe works a full-time job, took out a car loan a few years ago and missed one payment as he changed banks and the new bank didn’t transfer his direct debits — not his fault. When going for a home loan later on in life, John gets rejected because of his missed repayment. He knows he’s trustworthy and can afford the home loan — he’s saved up for it his whole life — but institutions only see the black mark from the mispayment.
Fortunately, John signed up to Personr and uploaded his employment reference, statutory declaration, educational documents and past repayment history to obtain his ethical score. Because it’s been verified and he has multiple sources (compared to just one, such as a credit score), the bank now knows John is a hard worker and is trustworthy. They then look at his personal circumstances and approve his home-buying decision.
This is just one example of an application, the same can be applied to a multitude of applications such as..
- Applying for university.
- Applying for a job.
- Setting up a bank account.
- Applying for credit.
- Taking out a phone plan.
Personr allows for any sector and industry to integrate our network to ultimately help improve theirs.
We’re here to make the world a better, more secure and fair(er) place.
About us.
“The idea of Personr came about when Nick approached me, asking if Document Verification was possible via the blockchain. I knew many had tried, but after our coffee-catch up, I went home and spent the night brainstorming. Looking and reading others’ methods, these companies were just making things incredibly hard…there had to be a simpler solution. There was. I spent the night with a pen and a booklet of paper.
The idea really resonated with me because when I was younger, I’d had my identity stolen and multiple enquiries/applications for credit were put onto my credit file…it was only when I went for my first car loan that I found out. The Financial institutions and banks wouldn’t listen and never cared about my personal circumstance, even when I had proof. I’ve felt first-hand how identity theft affects people, and just how slow the process is to get everything fixed (it’s been years), my ultimate goal is to prevent our users from experiencing what I have, protecting their confidential documents and providing them with a way to display/share them safely.”
Charlie is a serial entrepreneur, with a history of proven sales and brand development. Recently helping to take a company public, increasing revenue by near-$1,000,000 within a year. Previously, he has owned and run coffee shops, online file storage services and has quietly been in the background of the cryptocurrency industry for five years.
— Charlie Westerman. Co-Founder
“I have always entertained the idea of utilising the blockchain for more than just currency. Document verification via the blockchain came to me while looking at my draw of important personal documents. I thought there must be a better way of efficiently storing and organising legal documents that could be accessed when and wherever needed. After explaining my idea to Charlie over a long-overdue coffee, we dived deep into the possibilities and landed on what are now the fundamentals of Personr.
This idea is significant to me as I know how identity theft can damage one’s livelihood. Although it may cause a financial toll, we also acknowledge the less obvious physical, emotional and social implications. Our mission is to help alleviate the stress and securely allow your sensitive information to be accessed when you need it.”
Nick is a passionate entrepreneur, who has founded a creative agency that works alongside clients to build their brand and presence online. Recently helping a brand increase their customer reach by over 20,000 clients. Previously, he has been involved with 2 other tech start ups and has also been behind the scenes of the cryptocurrency industry for three years.
— Nick Ahrens. Co-Founder
