Project Title: Hashbon Pass
Description: Hashbon Pass by Hashbon FiRe is an ERC-721 series token and a decentralized protocol for reusable identity verification on EVM-compatible networks that allows its holders to enjoy services requiring KYC user verification without having to share their personal, and sensitive documents with service providers, as the data would be securely stored by licensed verifiers.
Manifesto/Vision: We are the builders and creators of our future and it’s up to us to make this world better. We pinpoint the trend and make strides to help the DeFi community at large to adopt it and make use of it, as the current case of our Hashbon Pass project proves.
Problem: Data leaks have been widely covered throughout the past decade. Moreover, regulatory interference within the DeFi space is getting stronger and stronger with each passing month, namely KYC requirements for Dex’s, IDO platforms and Decentralized Exchanges.
Solution: We hope that projects that choose our solution to alleviate the looming issues will also see safety metrics, sales and as a result, overall user satisfaction will go up. Currently, we can offer the solution that not only meets the government’s requirements but also keeps the anonymity of the end user intact as it was always the case of the DeFi space ever since its inception.Hashbon Pass allows its holders to enjoy services requiring KYC user verification without having to share their personal, and sensitive documents with service providers, as the data would be securely stored by licensed verifiers.
Product Features: Hashbon Pass is an ERC-721 token and a unique solution as you have to go through the verification procedure only once to enjoy seamless access to the resources where KYC is needed. Each user can have multiple passports which can also be burned if it is necessary. The process of presenting a passport is very similar to a Metamask authorization. So, a service requiring user verification must generate a random string for the user to sign it and also request the user’s NFT-passport ID. Then it extracts the user’s address from the signature, gets the information about the passport and checks the received address with the passport holder’s fixed address. So, when you’re passing KYC on a certain service’s website, they reach out to the verifier in order to confirm that you’ve successfully passed KYC and are verified, all without having to hand over your precious private information.
Progress: On the 30th of June we launched Hashbon Pass and made a publication of the Hashbon Pass specification for the integration of client services. Now we are working at the development of credit scoring/rating for possible Integration of our product on DeFi lending platforms. We have become partners with some great projects and are developing our networking. However, there’re a lot of great things to come and here is the list of things we are planning to accomplish in the nearest future:
Q4 2022- Q4 2023
- Development SSI (Self-Sovereign Identity) for use in CeFi or CeDeFi
- Development of a mobile application and browser extensions
- Possible Integration with DAO frameworks
- Possible Integration with Metaverses
Differentiation (from other projects): Currently we have several competitors in the field of digital ID. However, our solution is more complex and entirely inclusive of the issues being faced by DeFi space at the moment. Our advantages are the following: usage of NFT technology, compatibility with popular DeFi protocols and support of popular wallets with NFT tokens storage function (MetaMask, etc) that opens the door to a multi-million user audience and a very rapid adoption of our technology. Besides, our protocol is very easily integrated into all popular DeFi protocols as it has already been released on several popular blockchains such as Ethereum, BNB, Polygon and other EVM-compatible blockchains. The NFT passport is loaded into it precisely in 1 click.
Team: Our core team consists of 40 people living in different countries and cities. However, we are all one big family with one vision. Everyone understands his/her weight which makes the whole team function flawlessly. And here are the key people of our team.
- Grigory Bibaev, CEO & Founder
- Yuri Golosovker, COO
- Semen Svetlichnyy, CTO
- Andrey Svininnikov, Head of Business Development
- Oxy Sherr, Chief Communications Officer
Grant Request $: 100 000$
What the Funds Are For: Funding will definitely accelerate the development and implementation of the full functionality of our solution. It also can help more users to get to know Hashbon Pass and to go through the verification procedure. So, with the help of investment we plan to increase the number of users as the main metrics for our product are the number of DApps connected to Hashbon Pass and amount of issued Web3 IDs by users. All in all, we want to stand firmly and to become the future standard of the digital ID.
Help Requested: Financial assistance is undoubtedly important to cover the development and implementation expenses, but mentorship from your side would be also very helpful in the part of community building as long as you have a strong community here. We would like a lot of people to get to know our TAWP (Tokenized All Web3 protocol). So, having the networking opportunity and being introduced to the investors and to the partner DApps, that might benefit from our Hashbon Pass, would be a great help for us.
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