What Is Signata (SATA)?
Signata is a cryptocurrency platform designed to reveal the true smartcard capabilities of Yubico3 YubiKeys devices, connect their identities to their digital content, and facilitate interactions with blockchains. Yubico YubiKey hardware authentication devices are used to seek to protect computers, networks, and online services that use one-time passwords (OTPs), public-key cryptography, and authentication.
YubiKeys' core capability is to provide a hardware-based wallet for cryptocurrency storage. Still, they also seek to enable authentication, the digital signing of content, and the binding of identities to authentication factors.
Signata aims to use well-established smartcard capabilities with YubiKeys. It helps to expand its service into more functionalities such as authentication and digital signatures seeking to become apparent and integrate user identities and authentication systems into blockchains instead of just interacting with them.
Signata's native token is SATA, and it runs on the ERC-204 protocol. SATA tokens are used for interacting with smart contract-based, decentralized identity services in future releases of the platform.
According to the whitepaper, the product is currently being developed by Signata as a core internal capability and on- and off-chain anonymity. This helps preserve systems that external applications can use to build an identity ecosystem unbound by central authorities. This platform is called IDGAF (Identity Guard & Anonymity Framework).
An Identity Guard & Anonymity Framework consists of on-chain contracts and off-chain systems to provide a fully capable authentication service for applications. This framework will seek to offer several key subsystems, each bound or related to the cryptographic capabilities of blockchain addresses, records, and interactions.
As a platform, Signata seeks to maintain the core tenants of blockchains, namely:
Identification of individuals anonymously but cryptographically trusted,
Decentralized content assertion, and
Payment for services or interactions on the chain is secured.
History of Signata (SATA)
Timothy Quinn and Benjamin Burrough are the cofounders of the Signata project. Signata has a maximum total supply of 100 million SATA tokens.
