PARAMETA and CIZION Begin Building Perme, a Web3 Data Protocol
[Photo caption: The signing ceremony for the PARAMETA–CIZION agreement on building the Web3 data protocol Perme]
February 14, 2023, Seoul — Web3 Enabler PARAMETA (formerly ICONLOOP, CEO JH Kim) announced that it has entered a strategic partnership with CIZION, operator of Asia's largest social commenting platform LiveRe, to build the Web3 data protocol Perme, and has opened a teaser site today.
Perme, to be built through the partnership, is a Web3 data protocol that uses blockchain storage based on DID (Decentralized Identifier) and PDS (Personal Data Store) to guarantee that users own their own data — profiles, content, behavioral data — and to let them distribute and trade that data readily under their own sovereignty. The protocol's name, Perme, is Latin for "by myself," conveying the message that returning data sovereignty to users lets them manage and control their data themselves.
The two companies will realize user-centered decentralized privacy and build a Web3 data ecosystem through PARAMETA's own layer 2 solutions — Vault (a private key system), BFS (Blockchain File System, decentralized storage made available for use by blockchain smart contracts), and PDS, all connected around DID identity verification. They also aim to spread into a range of business categories by providing an integrated interface.
In this partnership, PARAMETA supports the technical development and build of Perme on the basis of PARAMETA W (Wallet as a Service), PARAMETA T (Token Management as a Service), and PARAMETA N (NFT as a Service) — part of the recently unveiled PARAMETA Service. CIZION plans to apply Perme to LiveRe, its social commenting solution installed on some 50,000 sites worldwide with a monthly active user count of one million, creating the first case of Web3 transformation through the protocol.
Full details of the Perme Web3 data protocol are available on the Perme teaser site (http://perme.io), which opened today.
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About PARAMETA (formerly ICONLOOP)
About CIZION
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