Cryptonomica.net is developing a global system for identity proof / KYC and digital signatures service. It's a web-platform that connects notaries from different countries for verification of cryptographic keys (using OpenPGP standart) - to establish a connection between a person and his/her key. Verified key can be used for signing documents, for accounts verification, for online dispute resolution etc.
It's like Airbnb or Uber for identity proof / KYC.
To make this legally recognizable and enforceable in most of the countries, we created a proxy between electronic contracts and different legal systems - our online arbitration in London, with decisions globally recognizable under existing international law.
3. The Solution: identity proof + online arbitrage
- OpenPGP public keys
verification by certified
public notary or online
- Legal framework for
smart contracts
Like airbnb or uber for identity proof / KYC
4. Market and competition Why we are better:
- Designed by experienced lawyers
- Reliable identity proof
- Reliable open source cryptography, open
sourced code, existing libraries to connect
to any platform
- User-friendly, transparent and
understandable
- Private keys and documents are controlled
by user only
- recognition and enforcement in different
legal systems
More than 50M users
50,000 new unique users
joining its network per day,
more than $3 billion valuation.
“Legally binding”
5. Business model: ★ Main: Fee for registering public
keys on web-server
★ Additional: Fee for online dispute
resolution
The market:
6. Way to success: what already done
Online dispute resolution with enforced
decisions
CoinOffeting Ltd. - first corporation with legal
cryptoshares: shares represented by tokens in
smart contract
➢ Working web-site; online payments.
➢ Several resolved disputes in on-line
arbitration
➢ The world’s first arbitral decision enforced
under the NY Convention 1958 without the
handwritten signature of an arbitrator- only
with digital one
➢ Working accredited notaries in different
countries
➢ Blockchain-based proof of existence
service
➢ We were selected as one of the best legal
innovations in 2016 by The Hague Institute
for Innovation of Law
8. Next steps: online identity verification
Email
verification
Credit card
payment /
verification
Color ID
document
upload
Entered data
verification by
Cryptonomica
officer
Video from
webcam
SMS
9. Next steps: desktop application
Electron based, cross platform
Integrated with cryptonomica.net
backend
Works with local files: signing and
encrypting (using OpenPGP.js)
Simple interface
Can work natively with Ethereum
accounts (web3.js)
Open sourced:
Desktop App (Electron) screenshot
https://github.com/Cryptonomica/Cryptonomica.DesktopApp
10. Why we are the best team to do this?
co-founders: We have worked together in
different projects since 2002.
Both have more than 10 years
practical experience in the
field.
Our team joins legal,
programming and business
expertise.
All our code and legal
documents are written by us
github.com/Cryptonomica/
Viktor Ageyev
CEO/CTO
Lawyer, programmer
linkedin.com/in/ageyev
Max Baryshnikov
BizDev, Lawyer
linkedin.com/in/max-
baryshnikov-12076b1