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D/Wallet -Compliant RWA wallet

D/Wallet: Compliant real world asset management tool. Self-Sovereign Identity, anonymous KYC process, on-chain token metadata, no gas fees delegate transaction

D/Wallet -Compliant RWA wallet

Created At

ETHGlobal Paris

Project Description

"D/Wallet: Your compliant solution for real-world asset management on the blockchain. Experience the power of Self-Sovereign Identity, benefit from an anonymous KYC process, enjoy on-chain token metadata management, and transact effortlessly with our no gas fees delegated transaction system."

Video Demo: https://youtu.be/GdA_iq32IBM

Introducing a revolutionary project that harnesses the power of blockchain technology and smart contracts to bring real-world applications to life. Our project uniquely tailors blockchain applications to fit into the traditional financial sphere, whilst maintaining strict regulatory adherence, ensuring a seamless integration into existing financial systems.

At the heart of our innovation is an end-user application that empowers individuals to manage their identities locally, using cutting-edge Decentralized Identifier (DID) technologies. This unique feature allows users to comply with necessary regulatory frameworks, yet limits the exposure of sensitive data, striking a perfect balance between compliance and privacy.

Our platform is meticulously designed to facilitate mass adoption of blockchain technologies within traditional finance. To this end, we have simplified intricate blockchain interactions such as private key management, gas fee computation, and transaction signing. Uniquely, our platform enables users to transact using conventional fiat currencies, providing an unprecedentedly easy transition into the world of blockchain.

In line with our focus on a user-centric approach, our platform integrates Know Your Customer (KYC) processes, crucial in verifying the identities of users. We have also implemented an innovative solution that adheres to the ERC-3475 abstract obligation standard, a cornerstone that allows our platform to tokenize real-world assets while maintaining built-in KYC restrictions. These capabilities align with most regulations related to the trading of financial goods.

Our vision is to provide a platform that seamlessly integrates blockchain technology with the traditional financial industry, providing an unparalleled user experience while adhering to the highest standards of regulatory compliance. With our user-centric approach, we are reshaping the financial landscape by blending cutting-edge technology with traditional finance practices, facilitating a new era of blockchain integration.

How it's Made

This project utilizes DID (Decentralized Identity) technologies to generate verifiable credentials on the local drive. To initiate a delegated transaction (TX), the user first needs to pass the KYC (Know Your Customer) verification set by the delegate. Then the user signs a transaction locally with his private key; the signature and the transaction calldata are then passed to the delegate contract by the delegate's backend. The delegate contract verifies the user's signature on the Ethereum Virtual Machine (EVM). A successful transaction requires signatures from both the delegate and the user, with the gas fee being taken care of by the delegate.

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