Income Sources :: Startups :: IDFi

readme.md

Income Sources :: Startups :: IDFi

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• Income Sources

Technical Specification Document Notes

IDFi

• Fintech
• Automate data collection of disperate data (currently manual)
• Public (defined by government: driver's license, ssn, passport) & Private identities (defined by private entities: bank account, credit card, tax, loan, mortgage)
• Manual process is susepctible to fraud and other issues
• Solution: Universal Self Sovereign Financial Digital Identity
• Based on international standard of DID (Decentralized Digital Identification) protocols
• Backed by NFT
• McKinsey & Company estimates that nations implementing Digital ID's could add value of up to 13% of GDP by 2030.
• Initial Use Case: Automate fulfillment of verifiable mortgage loan requests
• Customer Classes: Consumers & Mortgate Service Providers

Customer Journey

• Direct from consumer
• Indirect from mortgage providers

Barriors to Competition

• Access To Capital
• Industry Experience
• Market Relationships
• Technology

Customers

• The paying customer is the mortgage industry

Pricing & Classes of Revenues

• Online Sales and Services (Mortgage Providers)

Channel Strategy / Go to Market Sales / Marketing Strategy

• Direct Sales to Consumers
• Sales Process via Mortgage Professionals
• Sales Process via Direct Consumer Adoption

Innovation

• Identification of Data Sources
• Fully Automated Access, Aggregation and Securing of PII
• Monitoring, Updating and Use
• Cleaning, Data Quality and Certifications
• Secured Storage, Use and Monetization of Personally Identifiable Information (PII) via IDFI

Specific Aim #1 - Identification of Data Sources

• Personally Identifiable Informaton (PII)
• Non-Public Personally Identifying Information (NPII)
• Sensitive Personal Identifying Information (SPII)

Specific Aim #2 - Automated Access, Aggregation and Securing of PII

• Aggregation

Specific Aim #3 - Distributed Ledgers, Blockchain and Permission Based Use or Sharing of PII

• Data Access
• Sidechain Participation
• Main Chain
• Hybrid Smart Contracts
• Non-Fungible Tokens (NFTs)

Research Strategy

• Significance
• R & D Plan

Creating a Digital Financial Identification (IDFi)

• Decentralized Identifiers (DID), Self-Sovereign Identities and ISO/AWI 7603
• ISO/AWI 7603
• MISMO/LDD
• URLA
• Data Collection