Please describe your proposed solution.
The project that we are proposing, titled ‘MyUnbox’, will combine all these verticals onto one platform. Building a user ‘identity’ – connecting all future events associated with the users’ experiences (professional, social and physical), charity, hobbies, and interests - with their individuality.
Their web 3.0 uniqueness will then be incorporated into their ‘true digital Identity’. It is this identity which will be what the MyUnbox ecosystem revolves around. Allowing any user whether that be a government, citizen, NGO, refugee etc. operating within the Unbox domain access to any of the closed loop solutions and be the sole owner of their data. As well as who they share it with. It is important to acknowledge the fact that ‘our actions define us’, and this should be as applicable in the digital world as it is in the real one. Carl Jung writes: “You are what you do, not what you say you'll do” and we, at Unbox, agree.
In summary, we intend on leveraging our closed loop system verticals to aggregate people's skills, talents, experience and behaviour, transferring to the digital arena the depth of a real-world social profile.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
MyUnbox will allow individuals to create, manage and participate in various closed loop systems that help improve society. Whether they are a citizen, government, NGO, refugee, brand etc. My Unbox will become the portal to a thriving and endless ecosystem. An ecosystem which prioritises the transparency and individual ownership that we believe is best facilitated by the Cardano blockchain.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Key Risks
Challenges
- Cardano’s L1 versatility, speed and cost for high volume use
- How to execute: Self-government and community-driven incentives for privacy and security in the field of digital identity/ Web 3.0 persona
- Building a key management infrastructure that is easy and accessible for everyone without compromising on privacy and self-sovereignty.
Risks
- The acceptance and success of the Closed loop on the Cardano blockchain may be affected by its performance and cost.
- Privacy benefits and drawbacks of the peer-to-peer or Person
- Availability of Vasil HF and tooling