May 25, 2022

Privateum is the first blockchain platform for participation in digital cooperatives with legal protection

Privateum is the first blockchain platform for participation in digital cooperatives with legal protection

It is easier for a group of like-minded people to overcomeobstacles on the way to achieving the goal. It is this idea that underlies the Privateum blockchain platform, which operates on the principle of the union of cooperatives. The project is designed to provide decentralized asset management and business expansion under privacy and legal protection.

Platform features

Privateum operates on the principle of a blockchain consortium that combines the mechanisms of open and corporate networks. The hybrid structure allows you to customize the permission levels for participants without the use of anonymous nodes, while limiting access to inside information by third parties and regulators.

At the same time, the platform is managed collectively.several organizations, and consensus is achieved through the Proof of Authority algorithm, which provides the necessary scalability with a minimum need for computing power.

The project was created on Binance Smart Chain.

Benefits for Members

Nowadays everyone can become a partPrivateum to take advantage of the project. Participants can distribute among themselves the profits from the activities of cooperatives in proportion to their shares, get access to decentralized global financial services for managing partners' assets, as well as other internal products and services.

At the same time, the platform ecosystem unites legal entities and individuals (a joint business model for B2B, B2C, C2C). The reliability of cooperation is ensured by KYC and KYB procedures.

To gain access to partner services and investment benefits of the project, you must own the PVM utility token.

Other features of the platform include:

  1. Public and private wallet of the same name (the latter is available for members of the cooperative);
  2. Reliable digital storage;
  3. Legal umbrella for members of the cooperative;
  4. Industry-leading Privateum Initiative team.