Hey guys, What do you record on the blockchain? Will my id be stored there?
Yes. Using smart contracts to drive token movement automates the process, and removes the need to trust a single party with the funds. Blockchain and smart contracts together will manage and implement features on our platform involving:
Identity of user (tenant / landlord);
Know Your Customer / Anti-Money Laundering;
Reputation;
All activity that modifies the smart contract based identity profile;
All agreements by parties; and
All activity that drives token movement;
Each party will have their own identity private key / wallet, stored in their mobile device and secured using biometrics, and any user activity that is driven through the smart contract will be initiated / approved using the identity wallet as immutable proof of consent.