BaaSid is a cryptocurrency that focuses on identity verification, authentication, and data authentication using blockchain technology. It utilizes decentralization to store and manage authentication data, eliminating the need for an original copy. This decentralized approach is then integrated with various solutions and platforms to offer a range of services.
The native utility token of BaaSid is BAAS, which is used as a fee for services such as 2FA, MFA, DID, and data authentication. Additionally, the platform is preparing a De-Fi wallet where users can deposit BAAS to receive various benefits. For example, depositing BAAS in the "Topick" service, which is a part of the My Data Exchange business, increases the level of participation and rewards in My Data.
BaaSid provides several services, including Soteria Space, which offers blockchain-based file management, access control, multi-layer encryption, multi-factor authentication, and data storage compliance. It also offers the Soteria Blockchain Distributed Storage API integration module, suitable for both cloud and on-premise applications. Furthermore, BaaSid provides Pistis, a blockchain-based ID authentication API solution that utilizes multi-factor OTP authentication and an in-house development security module. The source data is distributed in separate nodes to enhance security.
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