Peer Mountain (PMT)
Decentralized P2P trust & compliance platform.
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What is Peer Mountain
Peer Mountain is a mobile-first distributed system of trust. It uses cryptographic protocols to allow people and institutions to create and own a trusted record that encompasses digital identity, trust relationships, and proof of activities.
System members own and control their data; they decide who can access it, as their information remains inaccessible and unexposed to third parties at all times. Peer Mountain uses such powerful cryptographic protection that data stays guarded from all other entities - even the platform itself.
At a more abstract level, the ecosystem allows individuals and companies to assert facts about themselves and other parties, and to attest (i.e. verify) those assertions. This is especially valuable for financial institutions as it can significantly lower the cost of Know Your Customer (KYC)-compliant client onboarding. This paper explores this further in the section Peer Mountain KYC & Compliance.
To organizations in sectors other than financial services and markets, Peer Mountain can also provide considerable value as a distributed platform of trusted facts (e.g. employees could assert that they are sick and HR could attest to this after verifying a doctor’s certificate).
Ecosystem participants are only identified by their public keys (analogous to how Cryptocurrencies work) and can assume multiple personas, which are basically public keys derived off their root key. Personas are useful for interacting with multiple external parties and to comply with different set of obligations and requirements. For example, a person may be a university student and the client of a bank. Generally speaking, the university requires an information subset that differs from the subset the bank requires. However, while applying for a loan or grant, a university student may not want the university to know they are a client of a specific bank. By using different personas (i.e. a role), the student controls their privacy.
DetailsPre-sales: Mar 06, 2018 - Dec 02, 2018
Public sales: Dec 02, 2018 - Dec 31, 2018
Total tokens for sale: 333,000,000 PMT
Soft cap: 2,000,000 PMTN
Hard cap: 39,500 ETH
Raised: 815,000 USD
LegalBlockchain Platform: Ethereum
Country limitations: United States
Token infoTicker: PMT
Token standard: ERC-20
Token price in ETH: 1 ETH = 2,917 PMTN
Accepted currencies: ETH
Round 0 30% discount
Round 1 24% discount
Round 2 18% discount
Round 3 12% discount
Round 4 5% discount
Round 5 0% discount
40% - Sale
40% - Peer Mountain Reserve
10% - Team Compensation
8% - Legal Reserve
2% - Advisory Reserve
40% - Technology
25% - Corporate development
25% - Marketing
10% - Regulatory and legal
Peer Mountain Roadmap
Research on distributed hash tables (Kademlia) with personal realm based security (Kerberos) sparks the idea to design a system of trust management that works for the human scale.
Discovery of the NSA paper How to Make a Mint, which was first published in 1996.
Blockchain technology makes the possibility of a human scale trust system feasible and the year in which Jeds identity was stolen for the first time.
Founding of KYC3 begins the journey into compliance and regulatory trust.
Office of Personnel Management informs Jed that his security clearance file has been stolen from their systems.
KYC3 inducted into Fintech Fusion.
First Peer Mountain tech spec filed as iDepot 68499 at the Benelux Office of Intellectual Property.
KYC3 selected for LAtelier by BNP Paribas.
KYC3 completes Fintech Fusion.
KYC3 secures capital increase for March 2017.
Peer Mountain project is born, KYC3 leads and will be a service provider to the platform.
Major Swiss financial services provider agrees to co-build Peer Mountain for 3 million users and signs Letter of Intent to do so.
KYC3 achieves 2016 revenue level
Peer Mountain development begins.
German Corporation expresses intent to deploy Peer Mountain when ready with 9 million users.
Peer Mountain prototyping.
German Corporation contracts Peer Mountain technology for early deployment.
Peer Mountain exits stealth mode.
Peer Mountain v1 deployment.
Peer Mountain production deployment by Swiss financial services partner.
Peer Mountain deployment to 3 million end users in Switzerland.
Peer Mountain deployment by German corporation to 9 million end users.