Ethereum
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Balance: $0
($68.35 k)
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17.50%
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CoinMarketCap.comSignata (SATA) has a primary focus on identity and payment information storage and management. Those who engage with the SATA token process transactions involving personal and payment details. The construct of SATA lessens the avenues potentially usable for compromising key, sensitive data. The token minimally exposes traders' identity and payment information, making intrusive cyber penetrations less opportune.
The SATA token operates in relation with the Signata platform. Under the moniker Signata MFA, the platform focuses on Multi-Factor Authentication aspects. It cooperates with the Identity framework to offer confirmation services across diverse assurance levels during user interactions. Stakeholder tasks involve building a decentralized identity resolution along with an ongoing identity collation solution featuring single sign-in capabilities. The main aspiration of Signata MFA includes providing access to versatile identity management possibilities in a decentralized format while emphasizing user privacy and governance aspects.
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SATA Metrics:
Current price: $0.0039
Market cap: $76.8 k
All-time high: being indexed (being indexed)
All-time low: being indexed (being indexed)
Daily trading volume: $5
The SATA token, affiliated with the Signata Identity Management Platform, has a primary function related to identity authentication processes. It exists within a decentralized ecosystem where individuals get intrigued by it due to the mechanisms behind this platform. The SATA token is instrumental in dealings and the provision of services connected to the network. Moreover, it has the capability to be staked which results in facilitating non-contact transaction operations and adding to the token’s functionality and fluidity. The feature of congruency with cross-chain integration makes procedures flow without obstructions on multiple blockchain platforms. The SATA token’s existence in the Signata platform intends to create an effortless journey in managing digital identities on-chain, fostering the continued progression of a globally reachable decentralized identity management structure backed by blockchain and mirrored in the SATA token's utility.
The SATA token functions within Public Key Infrastructure (PKI) systems to strengthen data encryption processes on the blockchain. It plays a part in establishing identity verification. The Signata platform facilitates a method for users to validate their identities without exposing personal information. It operates an authorization procedure, allotting access privileges for sensitive data, while reducing the likelihood of breaches. Enhancing system measures, the platform embraces a method that integrates encrypted YubiKeys for encryption and key storage, partnered with a tool referred to as mFACTA for multiple authentication components. By harnessing encrypted YubiKeys and verifying data generated by credential bearers, the platform strengthens hardware-focused key security and the authentication procedure. Moreover, the platform provides users a way to maintain command over their identities, giving them the potential ability to replace them if need arises. The SATA token collaborates closely with cryptographic processes, leaning towards giving user control priority and providing cover from invasive surveillance and unwarranted intrusion to private data. The platform strives towards abating privacy concerns and equipping users with defenses for their unique data utilizing robust credentials.
The SATA token was introduced by Signata in Q2 2021 to address issues pertaining to centralized identity management. The platform includes a future development-oriented Anonymity Framework and intends to generate applications for diverse use cases. Signata is in the process of enabling compatibility with varying providers through a hardware-based wallet and integration with decentralized oracle networks. Initiatives are being undertaken to enhance token adoption and significance. Signata has plotted a distribution trajectory for the SATA token with an intention to broaden its acceptance and compatibility across varied systems and networks. You, in the capacity of a token holder, will be permitted to tap into the token's features. Signata primarily emphasizes on privacy retention, control maintenance, and maintaining API connectivity with blockchains. They collaborate with Congruent Labs in an endeavor to tender identity management resolutions on blockchain systems.
The Flooz.xyz project illustrates a strong commitment towards addressing identity-related issues within the digital asset market, as reflected in its response measures, thereby forming a distinctive sector where blockchain meets [REDACTED] digital identity.
Signata Labs Pty Ltd, the entity involved in the creation of the Signata token, collaborates with Congruent Labs to strengthen the online ecosystem. Signata holds a primary focus on privacy, developing private authentication solutions and delegated rights management. As a part of its progression, the Signata token is renamed to Signata MFA (mFACTA) and develops a central product known as Signata Identity Guard & Anonymity Framework (IdGAF). Signata employs token technology to manage online identities and payment services that comply with societal and international regulations. The ultimate aspiration is to establish a proof of concept for attaching identities and to form an alliance with Yubico for device management. Participants on the Signata platform constitute a globally decentralized community of diverse individuals. Congruent Labs Pty Ltd presents a whitepaper for this project and aims to provide an integrated platform for parties to incorporate token storage and technological advancements. Congruent Labs' Archer collaborators carry out sophisticated data processing objectives in the professional environment.
SATA token contributes to Signata, a decentralized identity and access management platform. Utilizing blockchain and smart contract technology, Signata aids credential binding in blockchain transactions. Features include authentication and access control systems along with a method intended as an alternative to ineffective passwords. SATA aids in identity verification, authorization, and identity backup, giving control over the information shared with identity providers while also maintaining anonymity.
The emphasis of Signata lies on managing risks linked to identity and transaction verification. It aims for this using a note system and an encrypted storage setup. It also considers a decentralized oracle system intended to support smart contract execution.
Signata lets you connect with the Infura Ethereum network. It also offers a mechanism to use Signata's decentralized application (dApp), giving access to diverse services and networks by combining your identities with the platform.
Conceptualized and executed by Congruent Labs, Signata intends to leverage blockchain benefits and apply them to procedures typically not associated with blockchain. The project includes collaborations and integrations, involving YubiKeys for key enforcement centered around reliable hardware, and Chainlink for data sources and decentralized oracle network.
The partnership extends to entities like Upsurge Studios, aiming to boost network presence. Signata delivers blockchain-powered identity and access control options. Along those lines, Congruent Labs has introduced BIGCAP, a game functioning via blockchain, offering resources to better comprehend the functionalities of Signata.
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