What does the PikcioChain platform do?
There are two gateways onto the PikcioChain:
PikcioPro lets companies offer or use services (commercial offers, adverts, data portability) based on their customer’s data permissions and certification. It also acts as the portal to the Pikcio marketplace where certified data can be exchanged, bought or sold.
PikcioMe is the gateway for individual end users, enabling them to communicate and share data safely with third parties. Using PikcioMe, individuals can also retrieve their data from different sources or web services and earn Pikcio Tokens (PKC) by selling or certifying their data.
Why should people invest in Pikcio Tokens?
The exchange and trading of personal data currently takes place across a range of formats and standards with individual users cut out of the marketplace.
Not only does Pikcio enable the monetisation of personal data for the benefit of the individual data producer but for companies, it solves customer service issues resulting from cumbersome KYC requirements and creates a certification mechanism that businesses can trust.
The opportunities for Pikcio range across all industry sectors but immediate opportunities in financial services, medical information and marketing mean that our initial efforts will focus on gaining traction within these segments.
How does PikcioMe work?
PikcioMe is a personal application that users install on their own devices (laptop, smartphone). It provides access to PikcioChain, our proprietary decentralized network and blockchain architecture (distributed database).
Each PikcioMe application works as the server for its registered user and, if permission is given, can act as the server for other users.
It is this decentralized server infrastructure that puts individuals in control of their data and, because there is no centralized data storage, means that Pikcio is much more secure than alternatives.
When messages or files are sent to another user, the data is sent directly via their Pikcio-enabled devices. Neither MatchUpBox nor anyone else has access to the communication or data exchange.
PikcioMe also creates an audit trail when users footprint a data/file in the PikcioChain, thereby certifying it. As well as being timestamped, messages and data files sent to other users are encrypted before being sent to an authorized PikcioChain node. Only the timestamped print of the data rather than the data itself is stored, ensuring that the user’s data remains on their device forever.
With data stored on individual devices, what happens in the event of a crash or theft?
PikcioMe permits the export of a profile file that contains a backup of the user’s data. If their device crashes, they can reinstall PikcioMe and import their backup file.
We are further developing this profile retrieval system to enable the setting of a user’s contacts as backup. These contacts will store encrypted pieces of the user’s files so if they lose their device, they will only have to reinstall and import their key file with PikcioMe automatically retrieving the rest of the data from their contacts.
How do users get started with PikcioMe?
Pikcio services are accessible through several applications.
What can users do with PikcioMe?
Individual users can:
- Manage their personal data
- Exchange and manage files
- Access their Pikcio Tokens wallet
- Access their agenda
- View news from contacts
- Send and receice peer-to-peer email
- Chat with other users
- password management
- Peer-to-peer video chat
What is Pikcio Wallet?
PikcioWallet stores Pikcio Tokens and enables transactions with other users over the PikcioChain.
PikcioWallet forms part of the PikcioMe application.
Is PikcioMe secure?
Yes. Each transaction is end-to-end encrypted and the encryption key is generated on the user’s device by their PikcioMe application (and not on a MatchUpBox server). The user is the only one who has the key to decrypt their communications and data.
How much does it cost to use PikcioMe?
The PikcioMe application is free and can be used freely for personal tasks such as chatting and file exchange.
Some functionality will need PKCs and some functionality will allow users to earn PKCs.
If companies pay for data, does the user get paid in coins/tokens or in a fiat currency?
All paid-for transactions on PikcioChain are settled in Pikcio Tokens.
Do companies pay individual users for access to their data?
This is a matter to be decided between the user and the company. PikcioChain is a free market that can certainly be used by individual users to receive fair value for their data.
Do companies pay to use Pikcio?
Yes, companies pay for the PikcioPro services such as certification. Companies use the PikcioChain and PikcioPro services to manage private blockchains that address their specific needs.
Does MatchupBox keep copies of user data?
Because PikcioMe stores data on the user’s devices, there is no copy of their data anywhere.
However, users can request that PikcioMe backs up some of their data onto another PikcioMe device. This data is then encrypted with the user’s encryption key.
What data formats does PikcioMe support?
PikcioMe is format agnostic and supports any kind of data.
For how long do users have access to their data and credentials?
Users have access to their data forever as they store it on their own PikcioMe-enabled device.
The certification details (footprint and timestamp) of a user’s data are stored externally and forever in the PikcioChain.
When will the Pikcio Tokens Crowdsale start?
The Pikcio Tokens crowdsale starts on November 24th, 2017.
What makes Pikcio different from other credentials companies?
When other companies certify and store data locally on their servers and databases, they are the sole guarantor of the authenticity of the data, we have to trust them. If they modify or change the data, nobody will know.
PikcioPro and PikcioMe are based on the PikcioChain, which is a Blockchain-based distributed network. When data is certified, a footprint of this data is stored (timestamped) on a fully distributed database owned by several trusted companies on their servers.
This distribution shares the responsibility of the certification between several entities/companies/administrations and makes it incorruptible. If one of them forges data, the others will know and will update the network with the correct data.
Why PikcioChain rather than a contract based on Ethereum or Hyperledger?
Ethereum and Hyperledger (IBM) are both networks based on Blockchain technology like PikcioChain but their more centralized infrastructure means that the individual user does not maintain control of their data.
Hyperledger uses only IBM servers to store and certify data meaning that users have to trust IBM.
Compared to Hyperledger, Ethereum architecture is used and owned by several companies but when data is sent to the Ethereum Blockchain, the user does not know where their data has gone. This makes it unsuitable for certain highly regulated industries such as the health and financial services sectors.
PikcioChain’s distributed architecture is fine-tuned and built according to the requirements of the data being processed.
The certification nodes are stored by default on a minimum of 3 different entities because this allows Pikcio to validate transaction by consensus.
How is Pikcio different from Civic, Verif-y or others?
Most importantly, we have a strong and established history and have spent the last three years developing the PikcioChain and its dependent applications.
Pikcio is a proven technology that operates with existing clients. We also recently won the Banking Innovation Award in Paris.
What are Pikcio Tokens (PKC) for
Some Pikcio functionality can only be accessed with Pikcio Tokens and some functionality allows the earning of Pikcio Tokens. For example, a user can share certified data with a company and earn Pikcio Tokens from the company in return.
When I purchase PKC, am I buying a share of the business or other security?
No, it’s important to understand that PKC are “utility” tokens. This means they’re used to gain access to services within PikcioChain. The value of PKC is likely to rise as more people and businesses use Pikcio but that value is not directly linked to the value of the business as a whole.
As a utility token, PKC is neither a cryptocurrency (e.g. Bitcoin) nor a “security” token, so it does not come with rights to any aspect of the business, instead it gives the holder the right to access particular services.
Which payment methods will be accepted in the crowdsale?
Like most crypto tokens, PKC can be purchased with ETH or fiat currencies.
What is the price of PKC
A contribution of one ethereum (1 ETH) will lead to an allocation of 327 PKC
How will I know my PKC purchase was successful?
Your PKC purchase is printed in the PikcioChain. Once the transaction is validated, you will receive that amount of PKC in your wallet.
How many Pikcio Tokens will be available in the crowdsale and how many are created in total?
The number of Pikcio Tokens sold during the crowdsale will define the total number of PKC. The crowdsale will represent between 20 and 33 of the total amount of PKC created.
For example, if 2 million PKC are sold during the crowdsale (6116ETH), 10 million Pikcio Tokens will be created in total.
How much has Pikcio raised so far?
When will the PKC be tradable on exchanges?
Q1 2018 is the likely timeframe. This will allow time for the retrieval of funds from the ICO and the set-up of the global PikcioChain immediately.
Where can I read the Pikcio WhitePaper in full?
The Pikcio WhitePaper is downloadable from pikciochain.com.
Where can I purchase BTC or ETH?
You can purchase BTC, ETH or other cryptocurrencies on dedicated platforms like coinhouse.io or coinbase.com.
Is PKC defined as a security by the US SEC? (see https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-bulletin-initial-coin-offerings)
No, PKC is not considered a security. As mentioned above, PKC are utility tokens that provide access to services on the PikcioChain
With all of the news and stories about ICOs being a bubble, or being problematic because of the unclear regulatory guidance, why is MatchUpBox still going forward with an ICO instead of another funding model?
The ICO is only one element of our funding model. We consider it important to leave as many PKC in the Pickio ecosystem for its users, so we’re also raising equity funds that will be used to fund MatchupBox, the company behind the PikcioChain.
Does PikcioMe already exist?
Yes. PikcioMe is available for Windows, Linux (Debian based) and MAC OS in beta. Do not hesitate to request an invitation via Pikcio.me
Does Pikcio already have users/clients?
PikcioMe has nearly 200 beta-testers. PikcioPro has several pilots currently running in Europe and the USA, with China and Bahrain coming online soon.
When was MatchupBox (MuB) incorporated?
MatchupBox is the parent company of Pikcio. MatchUpBox was created in June 2014.
Who should I contact if I have further questions?
Do not hesitate to contact us at firstname.lastname@example.org