Work Funding Period: 8 months
Amount requested: 100k USDC
This proposal outlines the development of Peranto, the first Latam-focused decentralized application (dApp) for digital identity and legal compliance, built on KILT and Polkadot. Submitted to the Polkadot Treasury, the project seeks $100,000 USD in funding to build an MVP over eight months, targeting legal professionals and expanding digital identity solutions across Latin America. The proposal details the product's potential to disrupt traditional markets, partnerships with legal associations, and strategic plans to bring Web3 solutions to enterprises, governments, and users.
Why this proposal can be successful?
Once the product is ready for market, the product will be used by at least 200 lawyers focused on civil and digital rights across Latam, it will be used by the International Telecommunication Union, and an specialized fintech university with high rank students from many industries and companies.
Why is not built right now?
The KILT SDK has upgraded, and after 9 months of raising capital without success there's something called the "Valley of Death", despite having once a PoC and a working product, a startup needs money to keep going.
Why not apply for W3F grants? There are no grants, and the grants were focused on infrastructure and chains, out of Peranto CGo scope.
Why not apply to KILT?
https://kilt.polkassembly.network/post/231 I did it, they can't afford it, so the value of the token will go down.
Why not VCs? They don't care about web3 stuff, remember the NFT summer of 2021? Well, a lot of them don't want to be reminded of it or know nothing about web3, so they don't care.
Why the treasury? If the Polkadot community can't see the benefits of creating dApps for the ecosystem and bring use cases, well, Polkadot is doomed to be misunderstood and to go through the Valley of Death.
Read the full proposal here:
https://docs.google.com/document/d/1e7Mn2gDu3CDak9HFi_isOc5YKsGMwR4vqB552iGkwJU/edit?usp=sharing
Telegram: J3rga
Threshold
In accordance to our cohort 3 application, we have decided to take a look at user facing applications funded by Polkadot in a more positive light and we feel inclined to be more supportive of end user applications.
However for this referendum, additional details about this process and the actual deliveries are needed. In it's current form it is impossible to determine what concrete regions within Latin America this KYC solution will be used. A broad spectrum of possible users as: "200 lawyers focused on civil and digital rights across Latam, it will be used by the International Telecommunication Union, and an specialized fintech university with high rank students from many industries and companies." leaves too much room for interpretation. Latin America doesn't have a common market unlike the EU which is why this question becomes relevant.
Moreover, the target of potential users, remains limited to what other competing KYC products like zk.me and others offer which not only offer their services to off-chain audiences but also to on-chain products. It is great to see a localized market offering as local players are the best to know about the local ecosystem but this seems like the target audience / clientele has not been properly defined.
Hopefully we get to see a better funneled way and convincing argument for why this KYC solution will be a good application but for the time being we will remain NAY.