Begin Wallet Version 2 by Francis, Fluid and IAMX for Voting, Biometric Seedphrase, Payment Module shopify, Wallet can handle Bitcoin

[GENERAL] Name and surname of main applicant

Tim Heidfeld

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Incorporated)

[GENERAL] Co-proposers and additional applicants

Francis Luz

https://begin.is/

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

5

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

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

Generate a biometric seedphrase you can't lose, integrate ADA payments into e-commerce like Shopify, enable Bitcoin transactions, and connect voting CIP for product rankings.

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

Yes

[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.”

The project has dependencies regarding the source of information for the biometric seedphrase and uses the services of IAMX.

IAMX operates a platform for creating user-owned, controlled, and verifiable compliant digital identities for individuals, companies, and assets. This digital identity framework facilitates compliant mutual authentication, business process automation, and biometric authorization. IAMX compliance service modules per partner:

1. AML (Anti-Money Laundering): Provided by Intrum AG, which employs 10,000 staff across 160 offices globally, helping to mitigate money laundering risk
2. Identity Verification: Handled by IDnow via Intrum, conducting over 30 million identity verifications annually across 195 countrie
3. KYT (Know Your Transaction) Wallet and Transaction Monitoring: Merkle Science enhances crypto compliance, anti-money laundering, and fraud prevention through innovative technology, tools, and services that ensure safety and regulatory compliance in the cryptocurrency spher

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

No

[GENERAL] Please provide here more information on the open source status of your project outputs

Our commitment to making our project fully open-source requires us to navigate significant legal complexities. We aim to maximize the use of open-source components, but the complex legal environment concerning permissions, licenses, and intellectual property rights means we cannot absolutely guarantee full open-sourcing. Legal restrictions might hinder our capacity to open-source certain parts, yet we remain committed to embracing and applying open-source principles as broadly as our circumstances allow.

[SOLUTION] Please describe your proposed solution

Our proposal seeks to enhance the capabilities of a digital wallet, offering advanced features specifically designed to leverage and expand the Cardano ecosystem's utility. The proposed wallet will include functions such as Voting, Biometric Seedphrases, a Payment Module for Shopify, and the ability to handle Bitcoin transactions. Here’s a breakdown of the solution and its benefits:

Solution Overview:

Voting: Integrate a voting system based on existing Cardano Improvement Proposals (CIPs) that also ties into product rankings. This will allow users to vote on various products or tokens, such as books on a platform like Book.io or tokens listed on decentralized exchanges (DEXes).

Biometric Seedphrase: Users will generate a unique seedphrase from their biometrics, ensuring that they never lose it and that it cannot be stolen. Biometric authentication will be used for login and transaction authorization, enhancing security, privacy, and data protection while eliminating doubts about transaction authenticity.

Payment Module for Shopify: Develop a payment plugin module for the Shopify e-commerce platform, enabling online stores to accept ADA payments. This feature will simplify the process for merchants to adopt ADA, expanding its usage as a payment method.

Bitcoin Compatibility: Extend the wallet’s functionality to handle Bitcoin transactions alongside ADA. This feature leverages the similar UTXO models of ADA and Bitcoin to provide a seamless experience for users who operate with both currencies.

Benefits

For Projects:

• Enables project owners, especially in e-commerce and decentralized finance (DeFi), to integrate ADA payments and secure voting mechanisms, enhancing user engagement and transactional security.
• Facilitates broader adoption and integration of the Cardano blockchain in various online platforms and marketplaces.

For Individuals:

• Provides a secure and user-friendly wallet experience with biometric safeguards, making asset management more personal and secure.
• Expands payment options by supporting both ADA and Bitcoin, catering to a wider crypto audience and increasing the utility of the wallet.

For the Cardano Ecosystem:

• Promotes the use of ADA in everyday transactions and voting scenarios, piloting new use cases and demonstrating the flexibility and robustness of Cardano’s blockchain technology.
• Drives adoption and visibility of Cardano across different sectors, including e-commerce and DeFi, potentially increasing the user base and transaction volume on the network.

The enhanced wallet aims not only to serve the existing Cardano community but also to attract new users from different sectors by providing practical, innovative solutions that leverage the advanced capabilities of the Cardano blockchain. Through this proposal, we aim to significantly extend the existing features and capabilities of digital wallets for the benefit of the entire Cardano ecosystem.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

The proposed enhancements to the digital wallet will have a profoundly positive impact on the wider Cardano community, driving growth and engagement across multiple levels:

Increased Adoption of Cardano: By integrating ADA payments into Shopify, one of the largest e-commerce platforms, the project directly expands Cardano’s utility and visibility. This makes ADA accessible to a vast array of merchants and customers, thereby promoting widespread adoption and use of ADA in everyday transactions.

Enhanced Security and Trust: The introduction of biometric seedphrases and authentication methods for accessing and transacting with the wallet introduces a higher standard of security and data protection. This reduces the risk of theft or loss of assets, enhancing user trust in Cardano's capabilities to securely manage digital identities and finances.

Innovation in Voting Mechanisms: The wallet’s voting feature, based on Cardano Improvement Proposals (CIPs), combined with product rankings, opens new avenues for community engagement and decentralized governance. It allows users to have a direct impact on the prioritization and evaluation of products and tokens, fostering a more active and participatory community ecosystem.

Cross-Blockchain Functionality: By enabling the wallet to handle both ADA and Bitcoin, the project acknowledges and harnesses the strengths of similar UTXO-based models, facilitating ease of use for users who engage with multiple cryptocurrencies. This feature not only attracts a broader user base but also showcases Cardano’s adaptability and interoperability with other blockchain systems.

Driving Technological and Community Growth: The project acts as a pilot for new blockchain technology applications, setting a precedent for future innovations within the Cardano ecosystem. It also encourages developers and entrepreneurs to explore new ideas and integrations, potentially leading to further technological advancements and solutions that leverage Cardano’s architecture.

Promotion of Cardano as a Platform for Developers: By successfully integrating these features into a wallet that is both user-friendly and robust, the project illustrates Cardano's potential as an ideal platform for developers looking to build secure, efficient, and scalable applications. This can lead to increased development activities and innovations on the Cardano blockchain.

Overall, this project not only enhances the functionality and appeal of the Cardano ecosystem but also solidifies its position as a leading blockchain platform capable of meeting diverse user needs and expanding into new markets and applications.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Begin Wallet [DeFi https://begin.is/]

Begin Wallet - Web3, NFTs and Crypto wallet on Cardano ADA.

Begin is the next-generation of Cardano Wallets, that enables you to enter the new era of finance. Enjoy an easy onboarding process that guides you step-by-step.

FluidTokens [DeFi https://fluidtokens.com/]

FluidTokens kicked off its journey on the Cardano blockchain as a DeFi platform, presenting a diverse range of services like lending, borrowing, staking, and an array of other inventive products including rental options, boosted stake features, and more. Revolutionizing permissionless DeFi with eutxo chains.

IAMX [Digital Identity]

IAMX operates a cutting-edge platform for creating user-owned, controlled, and verifiable compliant digital identities for individuals, companies, and assets. This digital identity framework facilitates compliant mutual authentication, business process automation, and biometric authorization.

IAMX compliance service modules per partner:

1. AML (Anti-Money Laundering): Provided by Intrum AG, which employs 10,000 staff across 160 offices globally, helping to mitigate money laundering risk
2. Identity Verification: Handled by IDnow via Intrum, conducting over 30 million identity verifications annually across 195 countrie
3. KYT (Know Your Transaction) Wallet and Transaction Monitoring: Merkle Science enhances crypto compliance, anti-money laundering, and fraud prevention through innovative technology, tools, and services that ensure safety and regulatory compliance in the cryptocurrency spher

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: Voting Integration

• Output: Implement a voting mechanism based on existing Cardano Improvement Proposals (CIPs) that integrates with product rankings, enabling users to vote on items like books or tokens listed on DEXes.
• Acceptance Criteria: Successful adaptation of the voting system with existing Cardano products.
• Evidence of Completion: Video documentation showcasing the voting process and a technical report detailing the implementation and integration.

Milestone 2: Biometric Seedphrase

• Output: Develop a system where users can generate a unique seedphrase from their biometrics, enhancing security for login and transaction authorization.
• Acceptance Criteria: Successful creation and functionality of biometric-derived seedphrases.
• Evidence of Completion: Video documentation of the biometric seedphrase creation and a comprehensive technical report on the process.

Milestone 3: Payment Module for Shopify

• Output: Create a payment module for Shopify that allows e-commerce sites to accept ADA as payment.
• Acceptance Criteria: Complete integration of the ADA payment module within Shopify’s platform.
• Evidence of Completion: Video demonstration of the module in action and a technical report describing the integration process.

Milestone 4: Bitcoin Compatibility

• Output: Enhance the wallet’s functionality to support Bitcoin transactions in addition to ADA, utilizing their similar UTXO transaction models.
• Acceptance Criteria: Effective integration of Bitcoin handling capabilities in the wallet.
• Evidence of Completion: Video documentation of Bitcoin integration and a technical report detailing the enhancement process.

Milestone 5: Final Test and Review

• Output: Conduct a comprehensive test and review to ensure that all previous modules (1-4) function correctly together.
• Acceptance Criteria: Confirmation that all modules operate efficiently in a predefined setup.
• Evidence of Completion: Video documentation and a technical report evaluating the functionality of the integrated modules.

Final Milestone: Launch

• Output: Launch all functionalities, ensuring they are live and integrated within the Begin Wallet app.
• Acceptance Criteria: All modules (1-4) are operational and live within the app environment.
• Evidence of Completion: Video documentation of the live functionalities and a technical report summarizing the final deployment and live operation.

By following this structured approach, each milestone builds upon the previous one, ensuring that the wallet evolves into a comprehensive tool that enhances user interaction and security on the Cardano blockchain. This systematic progression not only ensures technical robustness but also aligns with our strategic goals for broadening Cardano’s utility and adoption.

[RESOURCES] Who is in the project team and what are their roles?

Our project team comprises a diverse group of seasoned professionals from the blockchain and fintech industries, each bringing specialized expertise to the project:

Francis Luz - As the CEO and Founder of Begin Wallet, Francis leads the project and holds the role of Product Owner. He is primarily responsible for setting the strategic direction of the project, overseeing all operational aspects, and ensuring that the project aligns with its goals.

Dennis Mittmann - Serving as the CTO at IAMX, Dennis contributes his deep technical expertise to the IT development aspect of the project. His role involves designing and implementing the technical architecture of the wallet, ensuring robustness, security, and scalability.

Tim Brückmann - As the CMO at IAMX, Tim is tasked with all marketing activities. He develops and executes marketing strategies to enhance the visibility of the wallet and drive user adoption, leveraging his extensive experience in digital marketing within the blockchain space.

Tim Heidfeld - The CEO at IAMX, Tim oversees legal and compliance matters for the project. He ensures that all operations comply with relevant regulations and legal standards, which is crucial for maintaining the project's integrity and trustworthiness.

Matteo Coppola - As the CEO at FluidTokens, Matteo brings his leadership and expertise in blockchain technology to support the IT development. His insights are particularly valuable in integrating tokenization features and enhancing the wallet’s functionality.

Raul Rosa - The CTO at FluidTokens, Raul lends his technical expertise to the development team. His role includes developing secure blockchain solutions and contributing to the technical framework that supports the wallet’s advanced features.

Together, this team combines leadership, technical prowess, and marketing acumen, ensuring a comprehensive approach to developing and deploying the enhanced wallet. Their combined efforts are pivotal to driving the project towards success, making significant contributions to the Cardano ecosystem.

Francis Luz

CEO and Founder Begin Wallet

https://linkedin.com/in/francisluz

Dennis Mittmann

CTO IAMX https://iamx.id

https://www.linkedin.com/in/dennis-mittmann/

Tim Brückmann

CMO IAMX https://iamx.id

https://www.linkedin.com/in/tim-b-7864a284/

Tim Heidfeld

CEO IAMX https://iamx.id

https://www.linkedin.com/in/tim-heidfeld/

Matteo Coppola

CEO at FluidTokens.com

https://www.linkedin.com/in/matteo-coppola-mazzetti/

Raul Rosa

CTO at FluidTokens.com

https://www.linkedin.com/in/raul-antonio-rosa-padilla/

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

IT Development

The IT development segment of our project involves critical components such as Voting, Biometric Seedphrase, Payment Module shopify, Wallet can handle Bitcoin. To achieve these objectives, we will engage 2.5 senior developers, project management, product owner, over a period of 5.5 months. The budget allocation for this essential phase is as follows:

Total Cost: 330,000 ADA

Design and Layout

This portion of the budget covers the design, layout, and output formats essential for the application's user interface and user experience components. Effective design is crucial for ensuring that the application is accessible, intuitive, and user-friendly.

Total Cost: 15,000 ADA

Legal Analysis and Agreements

Legal integrity is paramount in projects that handle biometrics to ensure compliance with data protection regulations. This budget allocation will cover all necessary legal analysis and the drafting of agreements.

Total Cost: 30,000 ADA

Publicity, Community Engagement, and Project Management

To ensure the project reaches a wide audience and engages effectively with the community, funds are allocated for publicity and community engagement activities. Additionally, this allocation covers the overall project management, documentation, and reporting to keep stakeholders informed and involved throughout the project lifecycle.

Total Cost: 15,000 ADA

Total Project Budget: 390,000 ADA

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

The total project budget of 390,000 ADA, invested in developing and enhancing the Begin Wallet, represents significant value for money for the Cardano ecosystem through various strategic implementations and innovations.

IT Development (330,000 ADA): This investment supports the development of key functionalities such as a voting mechanism tied to the Cardano Improvement Proposals, biometric security features for seedphrase generation, a payment module for Shopify, and Bitcoin transaction capabilities. By funding these developments, the project not only improves the security and versatility of the wallet but also expands the utility of ADA in e-commerce and broadens the reach of the Cardano blockchain into new areas like biometric data protection and multi-currency support.

Design and Layout (15,000 ADA): The investment in design ensures that the wallet is not only functional but also user-friendly and accessible, thereby enhancing user experience and adoption. A well-designed interface is crucial for encouraging broader usage among non-technical users, contributing to the growth of the Cardano community.

Legal Analysis and Agreements (30,000 ADA): Ensuring legal compliance, especially in handling sensitive features like biometrics, safeguards the project against potential legal challenges and aligns with global data protection regulations. This fosters trust and credibility in the Cardano ecosystem, attracting more users and developers.

Publicity, Community Engagement, and Project Management (15,000 ADA): By allocating funds towards community engagement and publicity, the project maximizes its visibility and appeal, facilitating broader community participation and feedback. Effective project management and documentation keep stakeholders informed and involved, enhancing transparency and collaborative development within the Cardano ecosystem.

The budget directly supports achieving key milestones that significantly enhance the wallet's capabilities:

• Voting Integration enhances democratic participation within the Cardano ecosystem.
• Biometric Seedphrase introduces a revolutionary security measure that increases safety and ease of use.
• Payment Module for Shopify opens up ADA to a wide e-commerce user base, facilitating real-world utility and transaction volume.
• Bitcoin Compatibility extends the wallet’s utility to the broader crypto market, acknowledging the interconnectedness of the ecosystem.
• Final Testing and Launch ensure that all functionalities are robust, secure, and ready for user adoption, which is crucial for the success and reliability of the wallet.

Each of these developments not only enhances the specific functionalities of the Begin Wallet but also contributes to the broader goals of the Cardano ecosystem by increasing ADA’s adoption, enhancing the blockchain’s functionality, and ensuring its competitiveness in the rapidly evolving crypto space. The investment in these milestones is thus not merely a cost but a strategic enhancement to the value and utility of the Cardano blockchain.