Identity and payments platform Nuggets partners with IoT company
Nuggets, the blockchain e-commerce payments and ID platform, announced a partnership with CPChain, a China-based blockchain company focused on revolutionizing the Internet of Things, to enable secure identity and payments from IoT consumers and merchants, according to a press release.
"CPChain is a trusted platform for data sharing and transaction of large-scale distributed IoT systems," said Nuggets' CEO and founder Alastair Johnson. "Together, we will enable a more efficient, secure and private platform to exchange data. We're delighted to announce this collaborative partnership, which will help us penetrate the global market."
Nuggets uses blockchain technology that is intended to help consumers regain power over their data by enabling payments and identity without having to share personal information. Nuggets recently launched its app on both iOS and Android.
CPChain is a full-scale decentralized data infrastructure. It integrates blockchain and IoT technologies, enabling IoT devices to interact with different datasets over cross-chain applications. Its platform is intended to reduce the cost of system interconnection, as well as improving both user privacy and system security.
This announcement comes just a week after Nuggets revealed that former Visa managing director Kevin Jenkins is now responsible for establishing Nuggets in Europe and for business development. The company has made a number of other partnerships in recent months, including agreements with Storiqa, a marketplace for buying and selling goods with cryptocurrencies, and QFPay, the Chinese payment provider that serves 800 million WeChat users and 400 million Alipay users.
In recent months, Nuggets has also received the backing of the UK Department for International Trade, The Mayor of London and The City of London, as well as being selected for the prestigious Access India Program.