Please describe your proposed solution
In the past year there has been overwhelming interest in the use of blockchains like Cardano for Real World Asset (RWA) tokenization. Many Cardano projects, like Landano, are early leaders in this RealFi space. A critical component that many Cardano projects have been struggling with is a reliable and comprehensive decentralized identifier (DID) tool and protocol. This is critical to speed up implementation and market-share capture. There have been a number of tools and protocols developed over the past two years but the Cardano Foundation Identity Wallet initiative looks to have the most impact going forward. This is bolstered by its adoption of the KERI protocol which the Landano project, amongst many others, is looking to implement. See <https://github.com/WebOfTrust/keri>
Landano is developed using the Mendix development architecture. See <https://docs.landano.io/d/technical-architecture>. The Landano project will create a wrapper around the Cardano Foundation Identity Wallet as a Mendix plugin that can be used by other Cardano and Mendix projects. We will deliver and demonstrate the following core ID wallet use cases using the KERI protocol and CF ID wallet:
- Verify user identity
- Verify user ownership of NFT
Landano use cases will also involve transaction fees and commissions that will require the movement of ADA and possibly other currencies. The Landano wrapper will prototype the integration of Cardano Foundation ID wallet records with ADA balances held in a standard cryptocurrency wallet.