Innovation Tagline: #Buidl Trust in Decentralized Communities
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
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.
As a MVP, we anticipate to build the following:
Our main approach is to use NFTs to buidlt the Data Procotol on the blockchain.
For the MVP, we anticipate to build out the three verticals leveraging a common NFT Infrastructure: these will be for Identity Solutions along Work and Academic Credentials, certifications for various online education courses, upskilling programs and then attendance protocols for various events, online and offline engagements.
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
