Detailed description of the challenges that we address.
We solve the following issues which are persistent in the DeFi and Digital Identity space:
- Settlement for financial derivatives are time-consuming & costly
- Crypto debt management & claims market is difficult to verify the authenticity of right.
- Traditional OTC / DeX / AMM trading is not efficient for non-standard assets (such as financial derivatives, Intellectual Property, etc)
- Building compliance infrastructure for digital assets with a built-in KYC wallet solution.
- KYC and AML compliance is tiresome and has significant centralization.
- Currently, there exists no on-chain AML and KYC solution for DeFI protocols
- The danger of the privatization of public power concerning other on-chain KYC solutions
- Difficult to build trust when investing in a new company & technology
- 1.1+ billion population have access to smart devices but don’t possess any ID
- No functional property registration system and address in less developed countries
- messages containing the payment instructions between financial institutions involved in a transaction
- No "Crypto IBAN" needed to be created to identify wallet accounts across national borders