FARMSTOCK

Authorization and Security on the FARMSTOCK Platform

FARMSTOCK was created to make the cattle trade in Europe fair, secure, and transparent. On our platform, farmers and buyers conclude real, legally binding transactions. To ensure this, we use a strict yet user-friendly identity verification system.

Why is identity verification mandatory?

We require e-identity verification to protect your business. A verified identity ensures the three main pillars of FARMSTOCK:

**100% protection against fake bids:** There are no anonymous "trolls" or bots artificially raising prices on the platform. Every auction participant is a real, verified person. If someone places a bid, they bear legal responsibility for it.
**Verified sellers:** Buyers can be confident that the animals exist and are being sold legally because every farm and seller is verified.
**Secure payments:** Identity verification is essential to ensure money flows through our Escrow account in compliance with European Union Anti-Money Laundering (AML) requirements.

How does the authorization process work? (One-time check)

We respect your time, which is why we have designed a Progressive Verification system.

**Registration:** You can register on the platform in a few seconds using only your email. This is enough to freely explore auctions and platform features.
**Identification:** The system will ask you to verify your identity *only* when you want to perform a real action – create a new auction, apply animals to a joint lot, or place your first bid.
**Future use:** This is a one-time process. Once your profile is verified, you will be able to log in to the platform quickly and easily using just your email and password.

Our partners and technologies used

To ensure the highest security and compliance standards, FARMSTOCK uses the European-certified infrastructure partner eID Easy for identity verification. Depending on your country of residence, you can confirm your identity using the most convenient Baltic or European standard tool for you:

Smart-ID (Widely available in Latvia, Lithuania, and Estonia)
eParaksts Mobile and eID card (For Latvian users)
Mobile-ID (For Estonian and Lithuanian users)
Other national e-identification tools for foreign buyers (e.g., MitID in Denmark, BankID in Sweden, etc.).

Your data privacy and security

Protecting your data is our priority.

**No password storage:** FARMSTOCK and our partners do not see or store your Smart-ID or eParaksts PIN codes. Authorization takes place in a strictly encrypted channel.
**Minimal data processing:** Technical data obtained during the authentication process is automatically deleted from our partner's (eID Easy) servers within 2 hours after authentication is completed.
**Only the essentials:** Only your official first name, last name, and personal code are securely stored in the FARMSTOCK database to link it to your user profile and give your actions legal force. All data is processed in accordance with strict GDPR requirements.