BaaSid
Crypto Overview
Purpose and Intended Use
BaaSid is designed as a blockchain-based decentralized authentication and identification system. The project aims to provide secure digital identity management through distributed data storage and authentication services.
Business Model and Utility
The platform utilizes blockchain technology to fragment and distribute personal data across multiple nodes, enhancing security and privacy. The BAAS token serves as the utility token within the ecosystem, used for accessing authentication services and compensating node operators.
Real-World Adoption
Current adoption appears limited, with minimal verifiable evidence of widespread use of the authentication system. The project maintains some development activity, though public information about actual implementation is sparse.
Platform Development
Development activity appears to be ongoing, though at a moderate pace. The project maintains basic documentation and occasionally releases updates to their technology.
Token Distribution and Governance
Detailed information about token distribution and vesting schedules is not readily available in recent documentation. The project's governance structure and decision-making processes are not clearly detailed in public documentation.
Crypto Impact
To assign a comfort level investing in BaaSid from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to BaaSid.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.