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Project Keywords: #identity #selfsovereignidentity #gigeconomy #personaldata #did #distributedledger #nft
Project Members
- Saurav Raaj Saurav Raaj
Project Description (no more than 1,000 words including graphics)
Digital Identity is much more than having digital representations of Social Security Numbers or National/Gov Identity cards. WiseID is build on a holistic picture of our identity and digital footprint across multiple domains. In traditional web2 systems, these are siloed and it makes it difficult to access and use these identities and data points when needed.
Problem
Our identity and data components are spread across multiple centralized systems which makes it inaccesible. For example, Academic and Work Credentials are generally stored with the issuing organizations and hence can be accessed via manual methods and other similar protocols. Current solutions are inadequate as they are prone to systemic challenges
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If we do a comparison against various methods, we can see that a NFT based solution scores even better than traditional blockchain based transactions for hash-store of credentials.
Solution
The solution uses NFT based data management to create credentials on the blockchain. We anticipate following benefits via use of this technique.
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These represent a new protocol and how we wil build out web3 profiles of individuals (and organizations later on).
Accomplishment and Team
We are active in the fintech space with several awards and recognition in Web2 applications, neobanking, digital customer onboarding. In addition, we are active in the web3 lockchain space also, with several awards in DeFi, NFT categories across multiple hackathon. below is a snapshot for last few months:
Our Mission
Project Plan
Prototype Phase: Complete Modelling of system architecture, deployments, data schema, on-off database, user interfaces and simulated transactions for atleast one vertical.
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