sidhay33: Safein excellen

Enjoy Safein's excellence to Control your data without the cost of convenience

Hi ,, here I want to convey some information from Safein ..

Safein is a blockchain-based single sign-on digital wallet ensuring security, comfort and trust for our customers. With Safein, users can easily demonstrate their true identity online where needed, make instant payments as well as control the extent of their personal data given out to various service providers.

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Safein-Secures Digital Identity and Single Payment Wallet

uniquely beneficial to users and merchants. First, users will undoubtedly appreciate the end of re-enrollment, KYC recovery and passwords, replaced by the instant access provided by our multi factor authentication solution. In addition, it does not have an excessive account providing better security and data protection, both of which are highly valuable to any consumer. Finally, the ability to make easy payments in selected media has long been desired by the market - Safein will also meet this need to enable a smooth payment experience for all users and their merchants

Merchants also benefit from our platform because Safein significantly reduces merchant fees for installing and verifying users. Furthermore, Safein reduces transaction costs and can remove issues because it has to manage lost keywords for customer support. Marketers also get easy access to crypto payments at the lowest commission charge on the market with a free identity verification tool. In addition, merchants who have Safein tokens in their wallets will be able to process payments without commissions. Our platform will also help improve user confidence and conversion rates and protect them against unintended violations of increasingly complex data protection rules and processes.

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Problems in e-commerce

The rapid growth of e-commerce remains unstoppable. However, the industry itself is still ripe for improvement as concerns over data protection, cybersecurity, money laundering and the monopoly of various sectors are mounting. In addition, online shopping is not only troublesome, but also complicated. Think, for example, all the repetitions
registration, verification, and password recovery, following the online customer experience every day.

We believe that outdated technology is the cause of almost all of these problems. Therefore, we think it's time to improve by embracing the modern way of managing your online identity and your shopping experience.

Problem

a. Poor User Experience.
b. Lack of Transparency in how user data is managed.
c. Threat to Online Security.
d. Barriers for regulated Bussinesses
e. Absence of A Universal E-Wallet

SOLUTION

1. Combining The Best of Two Worlds

Data shows that modern internet users have a strong preference for single sign-on solutions like Facebook identity or Google accounts. In fact, some 88% of all online customers use these gateways from time to time to sign into websites they visit. On the other hand, neither Facebook nor Google can grant an account that’s verified or capable of payments, which significantly limits user convenience and growth. Accordingly, there’s a huge market that’s ripe for the taking.

In view of all this, as well as the cyber world problems mentioned in previous sections, the Safein team has set out to create a single sign-on and payment solution that can be used universally on all websites. By doing so we will eradicate the traditional way of creating accounts on numerous websites we shop on, and we will enable the world to adopt Identity 2.0. This profound leap in technology can easily eliminate the inefficiencies of never-ending KYC procedures and finally grant the community a default customer gateway for all e-commerce activities.

Equally important is our ambition to finally enable our customers to properly secure the personal data used for e commerce, and shop anonymously wherever possible. We strongly believe that instant access to payment for services, with no delays for KYCs or deposit transfers, will undoubtedly lead to greater competition, increased conversion rates and booming e-commerce. In tandem, merchants will benefit from a significant cut in their cost of regulatory compliance, data protection, KYC and user onboarding, cyber security, as well as reduction in need for significant portion of customer support handling trivial matters like password recovery.

2. Safein Architecture

3. Digital Wallet and Payment

Get access to websites with one click

Safein allows users to sign up and log in to new websites with one click. Forget tedious registrations and lost passwords. With your approval, we’ll deliver your data to new websites for you.

you can always control your data

With Safein, you’re always in control of what websites know about you. You can login online anonymously, or only share data the website really needs. A single click will revoke their access permanently. On our web panel and mobile app, you’ll see your entire activity history, including registrations, logins and payments.

facilitate fiat or crypto transactions with zero effort

Once logged in with Safein, you’re also able to make payments without providing any extra information. Store your money in traditional currency or any crypto, and Safein will automatically convert and deliver funds in the merchant’s preferred way. Since every payment processed is within the boundaries of Safein, they’re instantaneous, secure and cheap.

Single Sign On

Before integrating Safein, a merchant will have to choose what user data is essential and must be acquired, and what data is optional and could be omitted. Our team will monitor this process and advise merchants on whether their choices on data to be collected complies with applicable data protection regimes. Moreover, the user will be able to choose whether to pass or decline passing optional data to the merchant. Safein will try to grow a generation of users who value their personal data and do not share it with everybody by default. The same applies to merchants, as we will try to do what we can, without losing our competitive advantages, to limit merchant requests for data and convince them to accept anonymous users where possible.

User Data Protection

Safein’s architecture is built in a way that solves most of these problems automatically. First, as required by recent developments in the EU, our users will always be presented with a full and clear information on what personal data is being passed on to relevant websites. No such transfer shall take place without clear consent of the user. Moreover, once the user agrees to give her specific data to a merchant on the first login, the merchant will be able to access this data on our platform anytime before this relationship is terminated by the user. Accordingly, such merchant will have little reasons to store this information on his own server and thus be able to significantly decrease his and his user’s exposure to hacking operations and data theft (as well as save some expenditure related to counter measures to such threats).

KYC Procedure Engine

KYC's procedures in Safein are well managed by Team Safein, currently in talks with the world's leading automated ID verification service provider to deliver highly accurate results using AI-supported document checking algorithms. Such an examination, where users only need to scan their ID with their camera and take narcissistic photos, will be enough for most of the usage. Some advanced verification, where users must adhere to very specific rules (for example, multiple cryptocurrency exchanges), will be done manually by the Safein team. This can take up to several minutes, but compared to this week's waiting period for some exchanges, this is still a radical improvement, especially considering that the user only needs to do it once.

Buyer protection mechanism

There is also a Safein facility that can protect your transactions. Crypto payment without buyer protection mechanism robs customers of money back guarantees in case of delivery failure. Therefore, Safein will provide buyer protection mechanisms for crypto payments on its platform. The mechanism will only start if the goods are not well received by the buyer or if not as described. Safein will provide all tools to buyers to protect their accounts, therefore traders will be able to feel secure because there will be no chargebacks or fraud cases. If the buyer and seller can not resolve the dispute itself, a well-trained Safein support team will intervene and resolve the outcome of this dispute.

what is MVP .. ??

Security should be the main focus when managing your identity and wallet online. Safein will have a multi-factor authentication mechanism implemented from the start. While integrating Safein, every trader will be able to choose the minimum level of security he needs from its users. For example, a merchant may request all login to the merchant's site and all payments must be confirmed by the user on the mobile device - ie (i) push notifications appear, (ii) the user must identify himself through the pin code or fingerprint on the mobile Safein application and (iii) approve login or purchase. Users (on their panel) can also increase the general security level for each website individually. For example, even if certain websites do not require a confirmation of a mobile device to log in to a website.

With Safein, users can not only completely control their logins and actions, but also track and manage them. Users will be able to view their full activity history, including login and payment, track the devices they use, manage current active login sessions and cancel at any time. Users can also easily check which sites have access to certain data. Most of the functions associated with identity management are already available in MVP.