0XAuth (Project David)

[GENERAL] Name and surname of main applicant

Corentin Cadieu

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

Entity (Incorporated)

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

7

[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)

We will create a seamless onboarding system using zero-knowledge proofs and portable credentials to streamline KYC and investor verification, reducing inefficiencies and boosting user conversion.

[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.”

0xAuth depends on third-party services like Plaid for KYC/Real-World Assets and Vezgo for digital assets. These services are essential to automate verification and ensure seamless onboarding. We have the necessary licenses and permissions to use them.

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

Yes

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

It’s semi open-source. On-chain credentials can be verified and accepted by everyone. We also supply a free-to-use API to gate your dApp and it's contracts. However, off-chain credential generation and financial data aggregation transmission is not public, because of security and compliance reasons.

[METADATA] Horizons

Authentication

[SOLUTION] Please describe your proposed solution

We perceive the problem as a major inefficiency in the tokenized economy, where repetitive KYC and verification processes delay investor onboarding, causing user drop-offs and lost revenue. Our approach leverages zero-knowledge proofs and portable credentials to streamline these processes, ensuring compliance while preserving user privacy. By automating verification and enabling cross-chain interoperability, we reduce friction for users and financial institutions alike. Our project will engage financial institutions, regulators, and investors who seek seamless, secure access to tokenized funds and real-world assets. We will measure impact through increased user conversion rates, reduced onboarding times, and higher liquidity across chains. Our solution is unique because it combines automated onboarding with portable credentials, which no other competitor offers in the tokenized funds space. This will benefit Cardano by attracting institutional investors, driving network activity, and expanding its use case within the growing tokenized economy. Our solution is critical for improving compliance and efficiency in a decentralized financial future.

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

The success of our project will bring value to the Cardano community by enhancing network activity and liquidity, particularly through attracting institutional investors who seek seamless onboarding to tokenized assets. Our streamlined verification process will reduce friction for users, leading to higher conversion rates and a more efficient system. We will measure this impact quantitatively through the number of onboarded investors, reduced onboarding times, and increased cross-chain transactions. Qualitatively, we will assess the overall user experience and satisfaction with the onboarding process. Our outputs will be shared with the community through transparent reporting, open collaboration with stakeholders, and regular updates. We intend to work closely with Cardano developers, financial institutions, and the wider ecosystem to ensure alignment with ongoing improvements. By integrating more users and institutions into the Cardano ecosystem, we will contribute to its growth and sustainability. Success will also be demonstrated by increased participation in tokenized funds and real-world assets on Cardano.

[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?

We have a highly experienced team with a proven track record in blockchain technology, zero-knowledge proofs, and financial compliance, making us well-suited to deliver this project. Our partnerships with leading financial institutions like Franklin Templeton and Fidelity demonstrate our capability to work with complex, regulated environments. We have already built an MVP and successfully onboarded investors through similar processes, proving the feasibility of our approach. Our collaboration with strategic partners like Consensys and Axelar further strengthens our ability to execute. To ensure transparency and accountability, we will implement detailed financial reporting and milestone-based fund releases. Regular audits will be conducted to validate the correct use of funds, and we will maintain open communication with stakeholders throughout the project. Our team has secured multiple grants before and successfully delivered on each project, showcasing our responsible fund management. With our technical expertise, partnerships, and commitment to transparency, we are confident in our ability to deliver with trust and accountability.

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

Milestone 1: Integration of 0XAuth onto Cardano

• Objective: Successfully integrate 0XAuth’s system onto the Cardano blockchain.
• Description: Develop and deploy the necessary smart contracts and systems for 0XAuth on Cardano. Ensure all essential functions are operational, including cross-chain interoperability features.
• Planned Activities:
• Set up development environments for Cardano integration.
• Build and test smart contracts.
• Deploy testnet version and conduct initial performance checks.
• Expected Duration: 1 month (October 1 – October 31, 2024).
• Budget Allocation: 15% of the total budget (22,500 ADA).

Milestone 2: Completion of the Institutional Dashboard

• Objective: Develop and finalize the institutional dashboard for 0XAuth.
• Description: Create an interactive, user-friendly dashboard that provides institutional clients with real-time insights into tokenized funds and investor activities.
• Planned Activities:
• Design UI/UX for the institutional dashboard.
• Build backend functionality for real-time data integration.
• Implement security measures and test functionality with institutional partners.
• Expected Duration: 2 months (November 1 – December 31, 2024).
• Budget Allocation: 25% of the total budget (37,500 ADA).

Milestone 3: Main-net Launch and Commercialization

• Objective: Launch 0XAuth on the Cardano main-net and begin commercialization efforts.
• Description: Finalize all system features and go live with 0XAuth on the Cardano main-net. Begin outreach and onboarding of financial institutions and investors.
• Planned Activities:
• Finalize smart contracts and conduct security audits.
• Deploy the production version of 0XAuth on the main-net.
• Launch marketing campaigns and outreach to institutional investors.
• Expected Duration: 3 months (January 1 – March 31, 2025).
• Budget Allocation: 30% of the total budget (45,000 ADA).

Final Milestone : Project Close-out Report and Video

• Objective: Complete a comprehensive project close-out report and video summary.
• Description: Prepare a detailed report outlining the project’s outcomes, including successes, challenges, and lessons learned. Create a promotional video summarizing the project’s impact.
• Planned Activities:
• Compile final project metrics and KPIs.
• Draft and finalize the project report.
• Produce and publish the project summary video.
• Expected Duration: 1 month (April 1 – April 30, 2025).
• Budget Allocation: 30% of the total budget (45,000 ADA).

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

Rico Van der Veen, CEO: https://www.linkedin.com/in/ricovanderveen/

Humayun Javed, CTO: https://www.linkedin.com/in/humayunjvd/Hamza Khalid, Lead Blockchain Engineer: https://linkedin.com/in/hmzakhalid

Umar Hassan Khan, Full-Stack Engineer: https://www.linkedin.com/in/umar-hassan-khan

Wazir Shehryar, Full-Stack Engineer: https://www.linkedin.com/in/wazir-shehryar-ali-6a794a218/

Rico dela Cruz, Lead Designer: LinkedIn: https://www.linkedin.com/in/wazir-shehryar-ali-6a794a218/

Corentin Cadieu - Advisor - https://www.linkedin.com/in/corentincadieu/

Rico van der Veen

Founder and Chief Executive Officer

Rico, an early Bitcoin investor since 2015 and an ex-advisory board member of Rabobank, has advised SMEs and the public sector on blockchain's potential for process efficiency. He later founded Apollo Ventures, an early-stage venture capital fund focused on digital assets. He now leverages his TradFi industry connections to solve the biggest problems for tokenisation: compliance and interoperability.

Humayun Javed

Chief Technology Officer

Humayun is a blockchain expert who specialises in zero-knowledge technology. With his background in designing and developing Web3 technologies, Humayun is well-versed in the latest advancements in blockchain technology. He is particularly interested in digital identities and verifiable credentials. His expertise lies at the intersection of blockchain technologies and privacy-focused solutions, which means that he can leverage the power of blockchain to create secure and private solutions for a wide range of applications, from financial transactions to identity verification.

GitHub: https://github.com/humayunj

Hamza Khalid

Lead Blockchain Engineer

Hamza will lead the development of the required smart contracts and integrate zero-knowledge proofs to ensure that user data remains secure and private. His domains of expertise include blockchain technologies, cybersecurity, and artificial intelligence. He’s proficient in several programming languages, including Golang and Rust. Hamza’s areas of interest extend to hardware such as drones and Arduino.

GitHub: https://github.com/hmzakhalid/

Umar Hassan Khan

Full-Stack Engineer

Umar has considerable experience with both web and mobile development. His core expertise lies in developing robust and scalable backend systems. His areas of interest include low-level hardware optimisation and computer networking. Umar will develop the SDK for our solution and handle the integration with Plaid and Vezgo.

GitHub: https://github.com/UmarHassanKhan929

Wazir Shehryar

Full-Stack Engineer

Wazir’s core strength lies in frontend technologies, and he has significant experience working with JavaScript-based frameworks such as Next and React. He’ll be working alongside Umar to develop the SDK for our solution and help ensure that the user interface and overall experience are incredibly polished and refined.

GitHub: https://github.com/vzirshehryar

Corentin Cadieu - Web 3 Advisor & serial entrepreneur

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

The cost breakdown for the 0XAuth project includes both development and third-party services. For Milestone 1, the budget covers smart contract development on Cardano, which requires technical resources and testing environments, accounting for 18,750 ADA. Milestone 2 involves building the institutional dashboard, which includes software development, UI/UX design, and backend integration, costing 31,250 ADA. For third-party services, we will use Plaid for KYC/Real-World Assets integration and Vezgo for digital asset verification, both requiring license fees and API access. The commercialization phase (Milestone 3) will include marketing, promotional activities, and legal services to ensure compliance, amounting to 37,500 ADA. Milestone 4 covers the creation of the project close-out report and promotional video, including production costs and content creation, allocated at 37,500 ADA. Code auditing and legal services will be essential throughout the project, with costs spread across milestones for auditing smart contracts and ensuring regulatory compliance. Project management and community engagement activities will be integrated into the timeline, ensuring transparent communication with stakeholders. If the project exceeds the allocated 125,000 ADA, we will seek additional funding from institutional partners or other grant programs to bridge the gap.

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

The cost of our project represents value for money for the Cardano ecosystem by providing a unique, scalable solution that will increase institutional adoption and drive network activity. We have carefully allocated funds to ensure they are proportionate to the expertise and effort required, aligning with industry-standard rates for blockchain development and compliance solutions. Our team members have extensive experience and proven track records, justifying the investment in their expertise to deliver high-quality, reliable outcomes. Additionally, the partnerships we have established with financial institutions and strategic collaborators further validate the cost, as we aim to create long-term value by integrating more users into the Cardano ecosystem. By focusing on automation, compliance, and cross-chain interoperability, the project reduces inefficiencies in the tokenized economy, benefiting the entire ecosystem. The MVP and proven onboarding success we've already achieved show that the costs are not only necessary but also efficient for delivering tangible results. Ultimately, the cost reflects the project’s potential to significantly expand Cardano’s reach in real-world financial markets.