What is PikcioChain?
“PikcioChain enables the collection, certification, and exchange of personal data between consumers and businesses in a fully compliant way.”
~Didier Collin de Casaubon, Founder and CEO
Paxtradings Quick Facts
- A secure, compliant blockchain-based exchange for personal data and digital identity, in development since 2014
- The NEO Council selected PikcioChain as a partner and purchased $3 million worth of PKC tokens
- 1 ETH = 1162 PKC, 1 NEO = 150 PKC
- Token sale open from March 17, 2018–March 31, 2018
- 36,301,650 total available PKC (presale and main sale) / 83,088,000 PKC total supply
Paxtradings: How does the PikcioChain token (PKC) function within the platform, and why is it needed?
The PikcioChain platform, as well as its products, address various use cases and user groups. For each of these use cases or applications, the PKC token offers specific utilities and functionality.
Businesses can use PKC tokens to purchase customer data along with their proof of authenticity and integrity. PKC tokens can also provide access to identification validation from third parties (i.e. banks) that have already processed the requested KYC data. In addition, PKC tokens will grant users the right to deploy their own smart contracts and execute them in the safe, modular blockchain environment provided by PikcioChain.
PKC can also be used as an incentive for ecosystem participants; i.e. to incentivize data producers to keep their data up to date and to share their data with organizations. Another example is miners, who are incentivized to execute smart contracts and receive rewards of a share of the PKC tokens per transaction.
The PKC token will also be sold on the platform by the PikcioChain company to larger parties at a premium above market price, for their convenience. This premium allows the company to make a slight profit, but also to restock — and even increase — its inventory of PKC tokens by buying them from the open market.
Users holding large amounts of PKC tokens within the PikcioTokenSaleWallet — a wallet that will make participating in a Token Sale as easy as buying something in an online store — can gain access to better token sale tiers, higher bonuses, guaranteed allocations, higher allocations, and advanced wallet features. All of these basic parameters can be customized by the project that is offering their sale via our TSW, leading to a wide range of incentives offered to PKC holders.
The PKC token forms the lifeblood of the PikcioChain ecosystem and is a vital part of the long-term vision for the project.
Paxtradings: You’ve been working on this the “Bitcoin of personal data” since 2014. What has been the biggest challenge so far? The biggest triumph?
The first challenges were technological: to design an architecture which would be fully “Privacy by Design” so that our clients would be compliant with even the tougher regulatory frameworks on privacy. That’s why we started by coding a P2P network from scratch, later adding layers of protocols of encryption, obfuscation, etc., so our network was as secure as possible even on the Internet. Secure, compliant communications were not enough for what we intended to do, so we added a Permission-based Blockchain layer for transaction management. (The chain could not be open for compliance reasons.)
Our second biggest challenge was sales, of course, since there were no existing use cases that would help our prospects adopt the solution. So we templated use cases that we identified in several industries and allowed our prospects to very easily test them, with KPIs. That led to us securing our biggest client so far: BNP Paribas.
Paxtradings : The NEO Council purchased $3 million worth of PKC tokens during your presale, even though you explicitly plan to eventually transition PKC from a NEP-5 (NEO) token to a native token on your own blockchain.
Your whitepaper tells us why you picked NEO over Ethereum, Hyperledger, etc. Can you tell us what specifically directed NEO to select your product over other projects in the personal data space?
NEO was interested in Pikciochain and in what we had to offer right from the beginning. They have positioned us as the personal data management platform of the NEO ecosystem. The fact that we have a working product piloted by a large financial institution (BNP Paribas) as well as strong strategic partnerships in Europe and the US, including two of the big four accounting firms — E&Y (Ernst & Young) and PricewaterhouseCoopers — helped us stand out from other projects.