Small Grants: idSign

[Jeanclaudeaoun]

1. What is your project? (max 100 words)

Introducing idSign, where we are revolutionizing digital trust, abstracting signatures into tamper-proof, immutable records on the blockchain, and transforming KYC from a recurring hurdle into a reusable one-time process, addressing the acute needs of governments and large corporations for stringent data privacy.

Our target market goes beyond web3 and into various sectors such as traditional finance and other business. We believe that our platform is the first real-world utility of web3 that can be used as a SAAS model by anyone! Our platform leverages the decentralized nature of blockchain technology to reduce risk, protect privacy, and solidifies authenticity.

Website

2. How is Lit used for this project? (max 100 words)

Storing and sharing the documents in a zero-knowlege and private way is our core focus at idSign. No one, not even us will have access to the files uploaded except the creator and the parties they shared it with. We will achieve this using MPC technology and Decentralized Key Management to successfully Token Gate access control rules of the files on the MPC blockchain instead of a centralized API like most projects do!

3. How will you improve your project with this grant? What steps will you take to meet this objective? (max 200 words)

Store and Token gate access of documents in a decentralized zero-knowledge method

4. Is this project open source?

Our smart contracts, SDKs and APIs will be open-source. Frontend will be later open source

5. Do you agree to share grant reports upon request, including a final grant report at the end of the two month period?

yes

6. Links and submissions

n/a

7. Total Budget Requested

Start of the program: 5K USD Milestone 1: Mainnet launch and marketing campaign

• Goal 1: SBT NFTs to mainnet
• Goal 2: Finalize dashboard UI/UX v1 for eSignature
• Goal 3: Smart contract audit is completed by Hacken
• Expected Achievement date: March 2024

Milestone 2: Building KYC feature 5K USD

• Goal 1: dashboard UI/UX v2 for KYC
  • Goal 2: Finalize SDKs and APIs
• Goal 3: Reach 50 weekly active users, 5000 number of transactions, 500 number of wallets created
• Expected Achievement date: May 2024

Milestone 3: Growth and improvements 10K USD

• Goal 1: dashboard UI/UX v3 for escrow payments
• Goal 2: B2B Sales for corporate accounts
• Goal 4: Reach 200 weekly active users, 10000 number of transactions, 1000 number of wallets created
• Expected Achievement date: July 2024

Total: 20k USD

[davidlsneider]

Hey @Jeanclaudeaoun - thanks so much for submitted this grant application! Just want to let you know that Lit grants are for ecosystem tooling, not for funding marketable products, like what you're articulated here. This seems really amazing and seems like you're at the stage where you should consider pursuing venture investment. I'd be glad to connect with you on this and you can find me at @davidlsneider on twitter / x.

[Jeanclaudeaoun]

Thank you! We are raising funds from VCs for the whole project. But one module that we are building is something that we love to discuss with LitProtocol about MPC Access Controls to successfully store and token gate the files shared in a truly decentralized Key Management System!

DMed you on Twitter also!