Dear BaaSid Participants,
- BaaSid Main Net Launch
We hereby announce the successful launch of the BaaSid Mainnet.
BaaSid implemented its main block chain as well as its decentralized authentication chain (Split & Combine engine) at 00:00 on March 27 (Singapore Time), and succeeded in interlocking it. We would like to inform you that the block is stable and is running normally.
BaaSid realizes its 100% decentralized authentication service as well as its decentralized database security model as an end-to end-solution for user applications by achieving split, decentralization, storage and combination of data within each node in the decentralized data environment.
2. Commercialization Progress
Currently, BaaSid prepares for commercialization with banks, cryptographic exchanges, cloud companies and other IT companies in each country.
BaaSid is the world`s first security solution that achieves strong security in all serviceable areas through decentralization, utilizing block chain for data security purposes. It also provides various security services for companies and organizations such as banks, insurance companies, cryptographic exchanges, cloud service companies, IT security and infrastructure companies.
The consultation for the use of BaaSid technology is in progress on a global scale. In addition, some of the companies have requested for a POC process and plan to commercialize the BaaSid solution in the second quarter of this year. (Schedules may change according to the situation of the local company)
In addition to personal information protection and authentication, we will also disclose the linkage and business progress of de-storage projects to protect various files and documents.
3. BAAS Coin’s swap progress guide
Currently, there is a technical consultation concerning the BAAS coin swap procedure and the swap schedule. We will announce more information on the schedule very soon. Until the swap, the BAAS Tokens can still be traded on the existing partner exchanges.
In the case of Coinbene, we have already secured a snapshot with the cooperation of Coin Bene to stop abnormal trading incidents, and we will announce the swap schedule in consultation with the exchange. We would be grateful if you could wait for further confirmation in this regard. The download schedule for BAAS wallet, that can save or transfer new BAAS Coin, will be announced separately at the time of the first swap.
4. Mainnets’ disclosure and operation policies
BaaSid Main Net currently operates all of its block providers (BPs) directly in order to work with potential customers faster and more resiliently. In addition, to protect core technology of source and R & D achievements, we are making some public disclosures only to companies that are conducting POC for the application of our new technology. Please understand that we cannot publicly open critical technical information to participants. Furthermore, we will announce the public participation policy separately in a short period of time.
Thank you for being part of BaaSid.
