Please describe your proposed solution

● Our Open Source Identity Wallet leveraging Atala PRISM project is an initiative aimed at providing decentralized identity solutions through the Cardano blockchain. Here’s a concise overview of our current status and project outputs:

■ Project Overview

Atala PRISM is designed to facilitate self-sovereign identity (SSI), enabling users to manage their digital identities securely. The platform utilizes Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs) to enhance identity management across various sectors, including education and governance.

■ Detailed Solution: Global Value Chain Perspective

Our proposed solution leverages Atala PRISM's capabilities to revolutionize the global professional credentialing ecosystem:

Decentralized Identity (DID) for Professionals and Developers:

• Issue unique DIDs to all professionals and developers, creating a portable, self-sovereign identity.
• Enable all professionals to control and manage their own credentials.

Verifiable Credentials (VCs) for Licenses and Certifications:

• Transform traditional licenses and certifications into blockchain-based VCs.
• Ensure tamper-proof, instantly verifiable credentials that maintain privacy.

Global Standardization:

• Develop a standardized format for professional credentials across industries and countries.
• Facilitate easy recognition and verification of qualifications worldwide.

Credential Issuance and Management:

• Enable authorized institutions to issue digital credentials directly to professionals' wallets.
• Implement expiration dates, renewal processes, and revocation capabilities.

Instant Verification:

• Allow employers, clients, and regulatory bodies to instantly verify credentials.
• Reduce fraud and administrative overhead in credential checks.

Cross-Border Professional Mobility:

• Facilitate easier recognition of qualifications across borders.
• Streamline processes for professionals seeking to work in different countries.

Continuing Education Tracking:

• Integrate continuing education credits as micro-credentials.
• Automate the process of maintaining professional standing.

Integration with Existing Systems:

• Develop APIs and plugins for integration with HR systems, job platforms, and regulatory databases.
• Ensure backward compatibility with traditional credential verification methods.

Privacy-Preserving Verification:

• Implement zero-knowledge proofs for credential verification without revealing unnecessary personal data.
• Comply with global data protection regulations like GDPR.

Credential Ecosystem Development:

• Create a marketplace for credential issuers, verifiers, and holders.
• Foster innovation in credential-based services and applications.

●Benefits of Atala PRISM for Developers and Professionals

Enhanced Security and Privacy:

• Decentralized Identity Management: Developers and Professionals can manage their identities without relying on centralized authorities, reducing the risk of data breaches and identity theft.

• End-to-End Encryption: The platform ensures that personal data is securely stored and transmitted, enhancing user trust.

Streamlined Verification Processes:

• Verifiable Credentials: Atala PRISM allows for the issuance and verification of credentials in real-time, simplifying processes like job applications or professional certifications.

• Decentralized Identifiers (DIDs): These identifiers enable secure and efficient identity verification across multiple platforms without repeated data entry.

Interoperability and Integration:

• Compatibility with Various Platforms: The wallet supports open standards, enabling seamless integration with existing systems and services, which is crucial for businesses looking to adopt new technologies.

• Support for Multiple Use Cases: From healthcare to finance, professionals can leverage Atala PRISM for diverse applications, enhancing operational efficiency.

Improved User Experience:

• User-Friendly Interface: The wallet is designed to be intuitive, making it easier for professionals to manage their digital identities without extensive technical knowledge.

• Single Page Application (SPA): This design facilitates quick access and interactions, improving overall user engagement in identity management tasks.

Cost Efficiency:

• Reduced Administrative Costs: Automating identity verification processes can significantly lower operational costs for businesses by minimizing manual checks and paperwork.

• Incentivized Onboarding Programs: Initiatives such as the Swahili Learn to Earn program demonstrate how Atala PRISM can attract new users while providing them with verified credentials at low costs.

Future-Proof Technology:

• Scalability: Built on a robust blockchain infrastructure, Atala PRISM is designed to grow with user needs, accommodating increasing demands for digital identity solutions.

• Continuous Development: Ongoing enhancements and community-driven updates ensure that the platform remains relevant and effective in addressing emerging challenges in digital identity management.

In summary our propoed solution creates a trusted, efficient, and globally interoperable system for developers credentialing, benefiting professionals, employers, educational institutions, and regulatory bodies globally.

Please define the positive impact your project will have on the wider Cardano community

● Our Open Source Identity Wallet leveraging Atala PRISM Project aims to revolutionize digital identity management within the Cardano ecosystem and beyond by providing a secure, user-friendly, and compliant solution. This initiative is particularly significant due to its potential positive impact on the wider Cardano community and globally.

● Market Demographics

● Global Market Overview

• The global identity verification market was valued at approximately $9.87 billion in 2022 and is projected to grow at a CAGR of 16.7% from 2023 to 2030, reaching nearly $33.93 billion by 2030.

• North America leads the market with a share of 38.4%, attributed to technological advancements and high adoption rates of innovative solutions.

●Key Sectors

Banking, Financial Services, and Insurance (BFSI):

• Dominates the market with over 28% revenue share due to the need for secure digital onboarding and transactions.

• Increased use of biometric identification methods enhances security against fraud.

Government & Defense:

• Requires robust identity verification systems for secure access management and compliance with regulations.

Healthcare:

• Needs secure patient identification systems to protect sensitive health information, driving demand for reliable verification solutions.

Retail & E-commerce:

• Growing online transactions necessitate effective identity verification to prevent fraud and enhance customer trust.

■Professional Use Cases

• Remote Onboarding:

Professionals in sectors like finance and healthcare can utilize Atala PRISM for seamless digital onboarding processes, ensuring compliance with KYC (Know Your Customer) regulations.

• Access Management: Organizations can implement identity wallets to manage user access to sensitive information securely, reducing unauthorized access risks.

• Fraud Prevention: Enhanced verification methods help professionals mitigate risks associated with identity theft and fraud, particularly in high-stakes environments like banking.

■Specific Use Cases

• Digital Identity Verification for Freelancers:

Developers and Professionals working remotely can use Atala PRISM to verify their identities when engaging with clients globally, ensuring trust in transactions.

• Credential Verification in Education: Educational institutions can utilize this technology for verifying student identities during online assessments or admissions processes.

• Supply Chain Management: Companies can ensure that all participants in the supply chain are verified, reducing risks associated with fraud and enhancing operational integrity.

Our project will significantly impact the Cardano ecosystem by:

• Demonstrating real-world utility of Cardano-based technologies (Atala PRISM)
• Attracting developers and organizations to build on Cardano
• Enhancing Cardano's reputation in the digital identity space
• Potentially increasing ADA usage for identity-related transactions

●Measuring impact:

● Quantitative:

• Volume of verifiable credentials issued and verified
• Number of integrations with external systems
• Community contributions (e.g., code commits, reported issues)

● Qualitative:

• User satisfaction surveys
• Adoption by government agencies or large institutions
• Recognition in digital identity industry reports and conferences

● Key Benefits of the Project

Enhanced Accessibility:

• The wallet will be available on both browser and mobile platforms, addressing a critical gap in current offerings that often limit user access. This increased accessibility fosters broader adoption of digital identity solutions.

Compliance and Security:

• By partnering with Trustmatic for KYC and KYB processes, our professionally developed wallet ensures adherence to regulatory standards, enhancing trustworthiness and security within the Cardano ecosystem. This commitment to compliance is vital for user confidence and legal integrity.

Community Engagement:

• The development process prioritizes active feedback from the Cardano community, ensuring that the wallet meets user needs effectively. This collaborative approach strengthens community ties and promotes a sense of ownership among users.

Support for Lifelong Learning:

• The wallet facilitates the issuance and verification of academic certificates, supporting educational institutions and learners in validating credentials efficiently. This feature not only enhances individual opportunities but also contributes to a more educated workforce globally.

Promotion of Decentralization:

• As an open-source project, it aligns with Cardano's ethos of decentralization, empowering users to control their identities without relying on centralized authorities. This shift promotes privacy and autonomy in digital interactions.

● Global Impact:

The deployment of this identity wallet can have far-reaching implications:

• Empowerment in Developing Regions: By providing secure identity solutions, individuals in developing countries can access services that require verified identities, such as banking and healthcare.
• Facilitation of Cross-Border Transactions: A secure digital identity can streamline international transactions, making it easier for individuals and businesses to engage globally.
• Strengthening Trust in Digital Ecosystems: By establishing robust identity verification processes, the project can enhance trust in digital platforms, which is crucial for the growth of online services.

In summary, as expert developers our Open Source Identity Wallet leveraging Atala PRISM project is poised to make significant contributions to both the Cardano community and the global landscape by enhancing accessibility, transparency, compliance, community engagement, support for education, and promoting decentralization.

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Our team is well-equipped to deliver this project due to our combined expertise of over 30 years in blockchain technology, cryptography, and open-source development, with a track record of delivering complex software projects. Futher buttressing trust and accountability through:

• Regularly open community calls and progress updates
• Transparent development process on public repositories
• Adherence to established coding standards and best practices
• Comprehensive testing and security audits

●To validate feasibility:

• We will develop a proof-of-concept demonstrating core functionalities
• Conduct pilot programs with select partners (e.g., local DMV)
• Perform technical feasibility studies on scalability and interoperability
• Engage with identity experts and potential users for feedback
• Benchmark against existing digital identity solutions

■Why We Are Best Suited for This Project

● Our successful projects stem from innovative strategies, community engagement, beta testers, sustainable practices, capacity building, and strong partnerships, making our experts exemplary models in development initiatives.

●Proven Experience: Our team has successfully delivered similar projects, including blockchain integrations, open-source software, and secure payment solutions for e-commerce platforms.

●Open-Source Expertise: We have a strong background in open-source development, enabling us to collaborate effectively with the wider Cardano community and ensure the project evolves through community contributions.

●Track Record of Accountability: Our history of managing large-scale projects with transparency and accountability ensures that we can be trusted to manage the funds properly and deliver the project

■We are capable to deliver the verifiable credentials project. Our experienced team includes:

●Project Lead: Expert in blockchain project management with experience in prediction markets.

●Technical Lead & Developer: Skilled in Cardano dApp development, oracle integration, and smart contracts.

●UX/UI Designer: Ensures user-friendly interfaces for all stakeholders

●Community & Marketing Specialist: Proven track record in community building and blockchain marketing.

What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: ● Milestone 1: UI Development and UX Study

●Objective: Create an intuitive, user-friendly interface for credential management and verification.

●Deliverables:

• Comprehensive UX research report
• UI mockups and prototypes
• User testing results and feedback analysis

● Acceptance Criteria:

• UI/UX designs approved by stakeholder panel
• Successful completion of usability testing with >90% user satisfaction
• Compatibility with web and mobile platforms demonstrated

Milestone 2: ● Milestone 2: Core Wallet Development

●Objective: Develop a secure, user-friendly wallet for storing and managing professional credentials.

●Deliverables:

• Functional wallet application (web and mobile versions)
• Technical documentation and API specifications
• Security audit report

●Acceptance Criteria:

• Successful storage and retrieval of sample VCs
• Passed penetration testing and security audits
• Demonstrated interoperability with major blockchain networks

Milestone 3: ●Milestone 3: Atala PRISM Integration

●Objective: Integrate Atala PRISM protocols for issuing, managing, and verifying credentials.

●Deliverables:

• Fully integrated Atala PRISM SDK
• Credential issuance and verification modules
• Integration testing results

●Acceptance Criteria:

• Successful issuance of VCs using Atala PRISM
• Demonstrated ability to verify credentials across different platforms
• Compliance with Atala PRISM standards and best practices

Final Milestone: ● Milestone 4: Beta Testing and Launch

●Objective: Conduct comprehensive beta testing and prepare for public launch.

● Deliverables:

• Beta testing plan and results report
• Final product ready for launch
• User documentation and support materials

● Acceptance Criteria:

• Successful completion of beta testing with at least 1000 users
• All critical issues resolved and documented
• Readiness assessment approved by project stakeholders

Who is in the project team and what are their roles?

●Project Lead: Solomon Eko. Expert in blockchain project management with over 10 years experience in prediction markets.

●Successful Projects Link:

https://solomoneko.com/projects/

●Technical Lead & Developer: Aminul Islam is an accomplished Full Stack Developer with over 10 years of experience in software development, specializing in creating scalable, high-performance applications. He possesses a strong background in both front-end and back-end technologies, with expertise in languages such as JavaScript, Python, and Java, along with frameworks like React, Node.js, and Django.

▪︎In addition to his full-stack expertise, Aminul has a deep understanding of blockchain technologies. He has worked extensively on decentralized applications (dApps) and smart contracts, particularly within the Ethereum and Cardano ecosystems. He has contributed to several blockchain-based projects, integrating Web3 functionality and enhancing security in distributed ledger environments.

▪︎Aminul is passionate about delivering innovative solutions, mentoring junior developers, and staying at the forefront of emerging technologies in both traditional software and blockchain development.

●Github Link:

https://github.com/aminul-islam01101

●Community & Marketing Speciallist: Bridget Aghedo is an Accomplished Expert in Digital Marketing Strategies and a Cybersecurity Specialist with over 10 years of experience and a proven track record in Community Building and Blockchain Marketing.

●Linkedin Link: https://www.linkedin.com/in/bridget-aghedo

● Contributor:

● Joan Nobei

● Role: UI/UX Designer. Skilled in ensuring user-friendly interfaces for all stakeholders.

●Behance: https://www.behance.net/joannobei

●LinkedIn: https://www.linkedin.com/in/joan-nobei-2704b6227

●Email: [email protected]

Please provide a cost breakdown of the proposed work and resources

● Financial Projections and Fund Allocation

● Total - (150,000 ADA)

Development: 75,000 ADA

• Core team salaries
• Bug bounties
• Security audits

Community Building: 30,000 ADA

• Hackathons
• Documentation
• Community management

Infrastructure: 22,500 ADA

• Hosting
• Testing environments
• CI/CD pipeline

Marketing and Community Engagement: 15,000 ADA

• Conference attendance
• Content creation
• Partnerships

Legal and Compliance: 7,500 ADA

• Legal consultation
• Regulatory compliance

● Total - (150,000 ADA)

● Open Source Identity Wallet leveraging Atala PRISM is a significant initiative aimed at creating decentralized self-sovereign identity solutions, primarily built on the Cardano blockchain. Our proposed project has various dependencies on organizations and technologies that shape its development and functionality.

● Key Dependencies

Technical Dependencies:

• Cardano Blockchain: Atala PRISM operates on the Cardano blockchain, which provides the foundational infrastructure for decentralized identity management through Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs).

• SDKs and APIs: The Atala PRISM SDKs (such as the wallet SDK) are crucial for developers to implement identity solutions. These SDKs include various components for managing identifiers and credentials, which are essential for building applications.

● Organizational Dependencies

• Input Output Global (IOG): IOG has been the primary driving force behind Atala PRISM. However, recent layoffs and project shifts have raised concerns about the continuity of support and development for Atala PRISM. The organization's focus is now more on maintaining Hyperledger Identus rather than continuing with Atala PRISM directly.

• Collaborative Ecosystem: The project relies on partnerships with various organizations for implementation in real-world scenarios, such as educational systems in Ethiopia. Collaborations with governmental bodies and educational institutions are critical for deploying identity solutions effectively.

● Community Contributions

• The open-source nature of Atala PRISM invites contributions from developers worldwide, allowing for a diverse range of applications and enhancements to be built on top of the existing framework. This community involvement is vital for innovation and troubleshooting within the ecosystem.

In summary, Atala PRISM's journey reflects a complex interplay of technical frameworks, organizational strategies, and community engagement. While its future remains uncertain following recent organizational changes, its foundational technologies and collaborative spirit continue to influence decentralized identity solutions in various sectors.

How does the cost of the project represent value for money for the Cardano ecosystem?

●The cost of our project within the Cardano ecosystem represents significant value for money through several key factors:

■ Cost Justification:

■Development and Integration Costs: The development costs are competitive and proportional to industry-standard rates for blockchain developers and smart contract experts. We have benchmarked these costs based on average freelance rates for developers in our region, ensuring fair compensation while remaining cost-effective.

■Marketing Partnerships and Community Engagement: The 15,000 ADA allocated for marketing, promotion, and engagement** is essential to ensure widespread adoption. These costs are aligned with typical digital marketing spend in the industry to reach a global audience.

■The initial investment in this project of - 150,000 ADA - represents significant value for the Cardano ecosystem due to the scalability, open-source development model, and long-term adoption potential for ADA PRISM.

●Fund Management:

Our project team will ensure transparent and accountable fund management through periodic budget reviews and detailed expense documentation, providing regular reports to the community on budget utilization and project progress if required.

●By ensuring that the costs are aligned with industry standards and prioritizing community growth, we are creating a sustainable, impactful solution that benefits businesses, developers, and Cardano users alike.