Nuggets Partners With XYO to Keep e-Commerce Delivery Addresses Private

Payment on delivery and delivering the goods without revealing the
address: how blockchain technology is driving post-purchase innovation
for retailers

LONDON & SAN DIEGO–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/InternetofThings?src=hash” target=”_blank”gt;#InternetofThingslt;/agt;–Nuggets,
the blockchain-powered e-commerce and ID platform that removes the need
for sharing personal or payment data with merchants, has today announced
a partnership with XYO,
the technology bridging blockchain to the physical world. This
partnership will simplify the entire retail purchase and delivery
process and mark a major advance in e-commerce privacy.

The partnership means that Nuggets users – who can already make
transactions without sharing personal or payment data with merchants –
will not even need to share their delivery address with the courier or
delivery company.

It also enables retailers to deliver goods to the consumer at any
location, not just a specific address. “Last-mile delivery” eats up more
than half of all delivery costs, and retailers are keen to make it more
efficient. The XYO network cryptographically verifies that the delivery
has taken place. That event in the real world can trigger
payment-on-delivery, restoring trust and re-aligning incentives between
consumer and retailer.

Alastair Johnson, CEO and Founder of Nuggets, said: “This new
partnership with XYO means we now provide users with a completely
private end-to-end purchase and delivery process. They don’t need to
share any personal information with any third parties at any point. This
is the final piece in the puzzle of personal data privacy and security
for e-commerce transactions.”

Thanks to this integration of the XYO platform, Nuggets users can share
their location without inputting a particular address. Aggregators from
the XYO network fetch answers from a decentralized set of devices and
then, once consensus is reached on the right answer, feed these answers
into a smart contract on the XYO network. The Nuggets platform then
confirms acceptance by the correct recipient, avoiding the potential for
chargebacks. This is verified via cryptographic proof of good actor,
along with proof of delivery by the courier.

This system can be rolled out to work with the supply chain provenance
of a genuine product, with non-fungible tokens providing proven
transferable ownership.

The partnership also means delivery companies no longer need to store
customer details, closing down another potential data leak. The advent
of GDPR means this will be especially welcomed by companies looking to
mitigate data breaches by minimizing the volume of customer information
they hold.

Arie Trouw, CEO and Co-Founder of XYO, said: “We’re delighted to be
working with Nuggets to bring true data privacy and security to the
entire e-commerce purchase and delivery process. For too long, consumers
have been forced to share personal data with companies at risk of data
breach. Our partnership with Nuggets helps make that unnecessary, and
keeps customer data where it should be: in the hands of the customer.”

About Nuggets

Nuggets is an e-commerce payments and ID platform. It stores your
personal and payment data securely in the blockchain, so you can make
simple e-commerce payments and other transactions, without having to
share your personal data with anyone – not even Nuggets. For more
information please visit: https://nuggets.life/.

About XYO

Since 2012, we’ve developed trusted IoT technology that connects the
digital world with the physical one. In 2018, we unveiled the XYO
Network, the world’s first geospatial blockchain network backed with
cryptography. With more than 1 million location-verifying beacons around
the planet, our technology rivals the GPS network, and radically
transforms the world’s leading industries. Partners include mapping
giant Esri, FedEx Research Institute, Re/Max Mexico and Spaceflight
Industries. XYO Advisors come from leading organizations including
National Geographic and the World Economic Forum. For more information,
visit us at www.xy.company
and www.xyo.network.

Contacts

XYO Media Contact
Larry Smalheiser
Head of
Communications
XYO
[email protected]

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