PEER MOUNTAIN - Much safer transactions

Good morning my dear followers and dear Community of Steemit, today I come to talk about Peer Mountain, which is a trusted system for mobile devices, uses cryptographic protocols so that people and institutions can create and obtain a record of high confidence in where you can host digital identity, relationships of trust and proof of activities.

All those people who are members of the system will own and control their own data, where they can decide who can access them, since this information is inaccessible and is not exposed to third parties at any time.

The Peer Mountain system uses cryptographic protection so powerful that data is kept protected from all existing entities, even from the same platform.

When we speak at more abstract levels, the Peer Mountain system allows individuals and businesses to affirm facts about themselves and other parties and to verify those claims. This is important and very valuable for all those financial institutions that want to significantly reduce the cost of incorporating compatible customers with Know Your Customer (KYC).

The Know Your Customer or KYC is simply an opportunity for the company to verify and know more about the client in a positive way to make sure that they really are. In some cases this process includes the request to send documents such as the passport or ID of your country to prove your identity. All this process is carried out to be able to protect both the company and the client.

All those participants of the ecosystem are identified by their keys and can publish multiple characters, which are basically public keys derived from their root code. People are useful to interact with multiple external parties and meet different obligations and requirements. As for example, a person can be a student of the university and the client of a bank. In general terms, the university requires a number of requirements that differ from the requirements that the bank requires. However, when applying for a loan or a grant, a college student may not want the university to know that they are a client of a specific bank. By using different people (that is, a role), here the student can control their privacy.