Themes
Country
Key Pilot
Lead
Max Semenchuk
Ольга ОсінськаPartners
Use Case
ID / security & privacy
Working group
Problem / Solution fit
Problem
Privacy, Security and Convenience of the access to UA VA Market from E-Residents
Solution
E-Residence SBT / EAS crypto addresses certification
Product / Market fit
Minimum Viable Ecosystem (MVE)
- MinDigital ~E-Residence
- Exchange (WhiteBit, GEO)
- E-Resident
Scenario
- E-Resident applies to the UA E-Residence
- SBU checks, Mindigital registers, allows access to the e-Resident cabinet
- E-Resident requests SBT/EAS issuance (from Mindigital SC) in the cabinet to 1 or more crypto addresses (manages the list further)
- Exchange accepts SBT instead of KYC on registration or when money are withdrawn externally
- Web3 Institute does a case study with 3 parties (MinDigital, Exchange, E-Resident) to measure/validate the benefits and suggest ideas on Feasibility, Scaling & Sustainability of the solution
Benefits
- Enhanced Security: By ensuring that tokens can only be used by the account to which they are bound, users can have greater peace of mind knowing that their tokens are less susceptible to theft or misuse.
- Increased Control: By limiting the transferability of tokens, users can have greater control over their assets and how they are used.
- Reduced Risk of Fraud: By making it more difficult to transfer or trade tokens, soulbound tokens can help to reduce the risk of fraud or other malicious activities.
Costs
- POC
- Costs for issuing SBTs/EAS
- Case Study
More Info
https://otonomos.com/ crypto incorporation
