Experience GDPR Compliance with Ubisoft’s Locked Node Staking.
This post was originally published on Aleph.im
- New KYC feature for nodes (Core Channel Nodes)
- Ubisoft to implement the KYC feature
- How to stake on KYC-enabled nodes
- A list of the most common questions
Aleph.im has released an update to its account page with a new feature for KYC-enabled staking. This update allows users to stake their tokens on locked nodes verified through a Know Your Customer (KYC) process. To use this feature, node owners must specify a KYC provider URL and a management account address. The URL will redirect the user to the KYC provider, which will perform the necessary compliance steps first. At the same time, the management account can control the addresses that successfully completed the KYC process.
Ubisoft is the first company to implement a GDPR-compliant staking mechanism for its nodes. This innovative system requires stakers to undergo a Know Your Customer (KYC) process provided by the renowned KYC provider Synaps.io. Stakers can be assured that their personal data is kept secure and that they retain ownership of their uploaded documents and metadata as it is stored on aleph.im’s decentralized storage infrastructure.
By requiring a KYC verification, Ubisoft can ensure that only compliant individuals or entities can stake on their nodes, thereby avoiding any potential violations of GDPR regulations. This unique staking system not only allows Ubisoft to comply with GDPR requirements but also helps to protect the privacy of stakers and maintain the integrity of the staking process.
How to stake on the Ubisoft node?
To use the KYC-enabled staking feature on Aleph.im’s account page, follow these steps on the locked node:
- Locate the “Locked Node.” The ones enabled for staking will show a new button called “Register.”
2. Confirm the warning screen to proceed.
3. You’ll be redirected to the Synaps KYC landing page, where you must finalize all necessary steps.
4. Once successfully KYC’ed, you’ll be redirected to Aleph.im’s account page and see that the “Register” button is changed to a “Stake” button. From here on, the process is the same as before.
How do I configure my node to make use of the KYC feature?
First, choose a KYC provider and obtain the URL to redirect the user to. From here on, the process is straightforward.
- Lock your node to enable the necessary form fields.
- Enter the URL for the KYC provider in the designated field.
- Enter the management account address in the appropriate field.
How many ALEPH do I need to stake?
The Minimum amount is 10k ALEPH.
Will there be a grace period when I unstake?
There is no grace period.
How long will my stake be locked?
Staking ALEPH is non-custodial, and therefore your stake is not locked. The network pings your wallet continuously to check if the amount staked is still present. If the amount is lower than the minimal amount required to stake, you will automatically be unstaked.
Do I need to unstake first if I want to stake more?
No, if you add more ALEPH to your wallet, it will automatically auto-compound.
Ubisoft is a creator of worlds, committed to enriching players’ lives with original and memorable entertainment experiences. Ubisoft’s global teams create and develop a deep and diverse portfolio of games, featuring brands such as Assassin’s Creed®, Brawlhalla®, For Honor®, Far Cry®, Tom Clancy’s Ghost Recon®, Just Dance®, Rabbids®, Tom Clancy’s Rainbow Six®, The Crew®, Tom Clancy’s The Division®, and Watch Dogs®. Through Ubisoft Connect, players can enjoy an ecosystem of services to enhance their gaming experience, get rewards and connect with friends across platforms. With Ubisoft+, the subscription service, they can access a growing catalog of more than 100 Ubisoft games and DLC. For the 2020–21 fiscal year, Ubisoft generated net bookings of €2,241 million. To learn more, please visit www.ubisoftgroup.com.
© 2022 Ubisoft Entertainment. All Rights Reserved. Ubisoft and the Ubisoft logo are registered trademarks in the US and/or other countries.
Synaps.io is a company that offers identity verification solutions for businesses and individuals. Its services range from detecting bots with its privacy-focused Proof-of-Personhood solution to conducting KYC (know your customer) processes for compliance purposes. With Synaps, businesses can easily meet their identification requirements, while individuals can take control of their data with a decentralized identity solution. In addition, Synaps offers features such as liveness detection, AML (anti-money laundering) checks, a comprehensive compliance platform with analytics, a CRM for compliance officers, and policy and reporting automation. The platform can be easily integrated into other systems through its various software development kits and cloud-based API, and it can be customized to meet each customer’s specific needs.
Aleph.im is a distributed cloud platform that provides serverless trusted computing services, file storage, and indexing solutions to replace traditional centralized cloud computing. It provides dApps of any chain instant access to database solutions thanks to its scalable peer-to-peer network and programming language-agnostic interface. Explore our decentralized indexing solution. Follow Aleph.im on Twitter: @aleph_im or check out our Linktr.ee
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Experience GDPR Compliance with Ubisoft’s Locked Node Staking. was originally published in Aleph.im on Medium, where people are continuing the conversation by highlighting and responding to this story.