Question 1

Does PrivySeal create credentials on a blockchain?

Accepted Answer

PrivySeal is able to add credential to any blockchain, at our clients' direction.

Question 2

What is the cost of issuing credentials?

Accepted Answer

Once off setup cost
PrivySeal charges a once-off setup fee to add a customised credential to its platform; volume discounts apply and quotes are provided based on the amount of time taken.  Fees typically range from $250-500.

Once-off automation cost
PrivySeal charges a once-off setup fee to automate the issue, revocation and re-issue of credentials through the implementation of third party API.  Fees typically range from $500-$2,000.  Many clients implement the PrivySeal Issuer API at their own cost.

Variable monthly cost
PrivySeal charges from $0.10 to $0.25 per dynamic credential per month, volume discounts apply.
PrivySeal charges $2.00 per static credentials, once-off, volume discounts apply.

Pricing may vary from region to region, contact info@privyseal.com (info@privyseal.com)for more details.

Question 3

How secure is PrivySeal?

Accepted Answer

No Internet platform is perfectly secure.  PrivySeal takes ongoing action to monitor and enhance security.  PrivySeal makes use of best IT practices to secure its platform.  PrivySeal has employed Cybersec Consultants to audit and conduct ethical hacking and implements any suggested improvements.

Question 4

What kind of credentials does PrivySeal issue?

Accepted Answer

PrivySeal issues any kind of credential, as required by our accredited clients.  These credentials include: certificates; transcripts; practice cards; letters and reports.

Question 5

Can any person or entity use PrivySeal to issue credentials?

Accepted Answer

PrivySeal only issues credentials on behalf of accredited regulatory, professional and academic Institutions.

Question 6

Does PrivySeal enable data residency?

Accepted Answer

PrivySeal is able to enable data residency within a chosen territory.

Question 7

Does PrivySeal adhere to GDPR or other data privacy requirements?

Accepted Answer

PrivySeal only accepts PII and other data by means of APIs.  As a result, PrivySeal is able to ensure that all data meets data subject consent requirments, pursuant to lawful and limited credentialing purpose.  No data is accepted into the PrivySeal platform unless it is flagged as data privacy compliant.  Moreover, PrivySeal clients may remove their data, at their discretion.

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