Biometric crypto wallet

[GENERAL] Name and surname of main applicant

Dr. Gabriel Axel Montes, Ph.D.

[GENERAL] Email address of main applicant

cardano@gabrielaxel.com

Additional applicants

N/A

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

6

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.” .

No dependencies.

[GENERAL] Will your project’s output/s be fully open source?

No

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

Sensitive data related to user privacy will not be shared. General/broad relationships between data types will be made open-source.

[METADATA] Category of Proposal

Data tools

[METADATA] SDG rating

SDG rating:

SDG Goals

3 - Ensure healthy lives and promote well-being for all at all ages

SDG Subgoals

3.4 - By 2030, reduce by one third premature mortality from non-communicable diseases through prevention and treatment and promote mental health and well-being

#sdg

[IMPACT] Please describe your proposed solution.

The proposed project aims to create a new crypto wallet specifically for biometric data. In the age of AI, where humanness is a key differentiator, biometric data will have a premium value and should have separation from other web3 assets, such as meme tokens. This work is crucial to making web3 fit for the age of AI, and puts the Neuralprint Project at the forefront of decentralised identity, with it's proven brainwave-based authentication technology.

Neuralprint's initiative to develop a biometric cryptocurrency wallet is an innovative leap towards integrating the human element into the burgeoning web3 domain. The wallet will securely store biometric data and associate it with crypto tokens, serving as a conduit for various web3 functions. The process begins with a meticulous wallet design, ensuring the utmost integrity and security of the sensitive biometric data it will house. Subsequent steps involve coding the design, adhering to rigorous cybersecurity and data privacy standards. Ultimately, the project will work towards creating a hardware crypto wallet, adding an extra layer of security. With this, Neuralprint is poised to shape a future where human-centric security design is at the forefront, guiding the cyber security market which is projected to be worth $249 billion, towards a more personalized and secure era.

The proposed wallet will first be developed on Cardano and stands to be groundbreaking and unique in its approach toward the inevitable fusion of brain and blockchain. Neuralprint is a broader project, and this proposal specifically is for the design and development at this stage of crypto/tokenomic wallet for combining brain biometrics with web3 tokenomics. Sample use cases are shared at the end of this section.

This proposals comes on the heels of three previous successful and closed-out Catalyst proposals (1 in F7, 2 in F8), all executed by the proposer. The present proposal builds upon previous work.

Neuralprint

Next Generation Biometric Identity, Authentication, Permissioning, And Security

<< Neuralprint technology is Patent-pending >>

Company Purpose:

• To Revolutionize Identity, Authentication And Security Using State Of Mind Technology (Static vs. Dynamic). 
• Bringing The Mind To The Forefront Of Engaging With Technology.

The Problem:

Security Solutions Today Are Expensive, Clunky, Hard To Implement, And Aren’t As Secure As Advertised. They Also Suffer From A Lack Of Nuance.

The Solution:

Neuralprint’s System Is Unique, Fast, Easily Measurable, Inexpensive, And Easy To Install

Why Now?

Existing Systems Aren’t As Secure As Advertised. Ours Is. Static Today; Dynamic Learning System Tomorrow That Enables Greater Functionality.

Market Size:

The Global Cyber Security Market (TAM) Is $249 Billion.

By 2027, 50% of large enterprise CISOs will adopt human-centric security design practices. Cybersecurity threats are changing.

Product:

Neuralprint Is A Brain Wave Reader System. Slim form-factor EEG interface + Cloud Data. (Patent-pending)

Team:

• Dr. Gabriel Axel Montes: CEO, Founder. SingularityNET. Neuroscientist, Consciousness expert. Ethical AI. History of successful Cardano Catalyst engagement (proposals/projects)
• David Harding: Advisor. CTO, SVP Engineering, Renown Security, Identity, Cloud Expert. Private Equity.
• Dan Mapes, PhD: Advisor. Co-designer of the Spatial Wb IEEE Protocol. President, VERSES.ai & The Spatial Web Foundation.
• Edward Brennan: founding CFo & Advisor. Venture Capitalist, Board Member, Advisor to Several StartX & Y-Combinator Companies.

A biometric cryptocurrency wallet, storing brainwave and other biosignals, offers numerous possibilities in transforming everyday experiences into digital assets. Here are a few example use-cases:

• Music Discovery: Biometric signatures when listening to music would generate personalized playlists and create a new dimension of audience-artist interaction.
• Sports Performance Verification: Biometric data like the perfect golf swing would serve as qualification credentials for tournaments, and even tokenized for virtual coaching applications.
• Emotion-based Advertising: Advertisers would tailor offerings based on a user's emotional state, with token rewards for engagement.
• Fitness Adaptation: Wellness programs would adjust in real-time to match a user's biometric data, rewarding adherence with tokens.
• Augmented Reality Integration: Biometric signatures would influence real-time experiences in augmented reality environments or metaverses, shaping personalized digital landscapes.
• Smart Home Adaptation: User biosignals would control smart home ambiance, promoting personalized comfort and relaxation.
• Social Connectivity: Social platforms would suggest connections with individuals with similar biometric responses, deepening social interactions.

Broader areas of possibility include:

• Identity Verification and Authentication: Utilizing brainwave and biometric data as a form of identification could vastly enhance the security and integrity of decentralized applications (DApps) on the web3 platform. The wallet could allocate crypto tokens each time a user authenticates their identity, thereby rewarding security-conscious behavior.
• Data Marketplace: The biometric wallet can facilitate the creation of a decentralized marketplace for anonymized biosignal data. Users could have the option to sell their data to interested buyers, such as researchers or AI developers, in return for crypto tokens. This ensures that users retain control over their personal data and can monetize it if they choose to.
• Personalized User Experience: By analyzing brainwave and biometric data, web3 platforms could offer personalized experiences. For example, a music DApp could recommend songs based on a user's emotional state. Crypto tokens could be used to incentivize users to share their data for such personalization.
• Health and Wellness DApps: The wallet can integrate with DApps focusing on health and wellness. Users could earn tokens for meeting personal health goals, verified by the biometric data from their wallets.
• Decentralized Autonomous Organizations (DAOs): Members of DAOs could use their biometric wallets to authenticate their votes on decisions, enhancing the security and transparency of the process.
• Microtransactions and Microwork: Users could earn tokens in return for small tasks or services, verified by the biometric data in their wallet. For instance, a user could earn tokens for completing a meditation session on a wellness DApp, verified by changes in their biosignals.

The integration of biometric data with crypto tokenomics fosters an era where the human experience plays a central role in web3, offering a personalized, responsive, and immersive digital world.

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

The proposed project brings a novel technology to Cardano, making Cardano a first-mover chain in the space. This proposal poises Cardano to be used in a key technology in the world. It also builds on and adds functionality to existing products (successful, closed-out proposals from F7, F8).

This proposal thereby fulfills criteria of the Challenge, including the following metrics:

• Increasing the number products available for the community to use that help to enrich the ecosystem with new use cases.
• Increase the number of integrations that bring existing solutions together for a more seamless and connected experience between different products.
• Increased quality of existing products & integrations through improvements and new functionality.

[IMPACT] How do you intend to measure the success of your project?

The project will be measured primarily by achieving a substantive design which can be further developed. More specifically, the design is expected to self-evidence various functions for tokenomics (on Cardano chain). Benefits include those mentioned in the previous section of the proposal.

Risk mitigation strategy:

• Risk (1): Immediate hiring need. Our team is actively searching for an appropriate engineer now. Due to global demand for specialised tech talent and in order to attract suitable talent in a timely manner, we are offering (in the budget) an above-average salary. This will also help to increase the chances of keeping a strong engineer beyond the scope of this proposal.

• Risk (2): Limited social/marketing reach.

• We have budgeted for a social media in this proposal in order to begin building toward this goal from the beginning.
• The proposer is a notable member of and leader in the SingularityNET community and ecosystem, respecitvely, which has multiple projects with existing and expanding user bases that could be marketed to and leveraged.

• Risk (3): R&D on the brain/biometric/hardware aspect(s) of the project not keeping pace with the software aspect of the project. As with any project that involves hardware, they tend to not move as fast as the software side. To mitigate this, in the R&D, we will use openly available data as much as possible (much of which has already been identified). This shifts the hardware logistics into more of a software matter.

[IMPACT] Please describe your plans to share the outputs and results of your project?

Due to the sensitive nature of the project related to cryptography and user privacy, project sharing will be limited to high-level promotion and select collaborations. High-level social media / marketing will be conducted to share exciting key happenings.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

This project comes on the heels of 4 previous Catalyst proposals that have all be successfully completed and closed-out. Future performance is therefore anticipated.

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

The project has already been discussed with tokenomics experts who have concrete successful experience in designing and delivering products. The project details will be continue to be validated via consultation with wallet development experts and other means.

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Month 1:

Research on cryptographic methods suitable for biometric data

Study wallet prototyping requirements (hardware and software)

Reach out to potential collaborators

Month 2:

Design and R&D on method to interface biometric data capture with wallet

Wallet prototyping begins

Hardware prototyping begins (optional)

Month 3:

Prototyping of biometric integration with wallet

Wallet prototyping continues

Hardware prototyping continues (optional)

UI/UX development begins

Month 4:

Development continues

Possible partnership integrations begin

Month 5:

Development tested

Month 6:

Project completion

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Progress reports/briefs will be shared on the milestones. The end deliverable is documentation and specifications on the wallet, complete with diagrams; software wallet prototype, optional hardware wallet (if deemed feasible to complete during the course of the project)

Month 1:

Research on cryptographic methods suitable for biometric data

Study hardware wallet prototyping requirements

Reach out to potential hardware collaborators

Month 2:

Design and R&D on method to interface biometric data capture with wallet

Wallet prototyping begins

Hardware prototyping begins (optional)

Month 3:

Wallet prototyping continues

Hardware prototyping continues (optional)

UI/UX development begins

Month 4:

Prototyping of biometric integration with wallet

Development continues

Possible partnership integrations begin

Month 5:

Development tested

Month 6:

Project completion: documentation and specifications complete with diagrams; software wallet prototype, optional hardware wallet (if deemed feasible to complete during the course of the project).

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

R&D and Project Management: $40,200 ($6,700 x 6 months)

Engineering: $22,200 ($3,700 x 6 months)

Social media: $10,800 ($1,800 x 6 months)

Biometric equipment: $28,800 (2x slim form-factor EEG interfaces)

Data analysis (cloud time and algorithm use): $18,000

Total: $120,000

An exchange rate of $0.28/ADA (reflecting the rate at the time of this writing) was used for budget calculation.

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

All costs will be commensurate to majority of wages and capital required to execute. Due to the high value-add scientific and engineering work required of the proposal, costs are above average in order to rapidly secure the human resource talent and equipment needed to conduct the work.

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept