Update from the Founders — Q2 2019
Hi There,
It has been an exciting Q2 for the team, and we are happy to share some exciting news with you, our supporters, advisors and friends.
Indonesia Fieldwork Update:
The conclusion of our pilot fieldwork has produced the following preliminary data:
- More than 5,000 families enrolled in 3 provinces
- 2 rounds of subsidy distribution in April and May
- 99.999% verified and tracked money transferred to the correct person. Reduction of leakage could save the Indonesian government $3.49 billion USD per year https://www.thejakartapost.com/news/2019/03/14/govt-readies-new-direct-scheme-for-problematic-lpg-subsidy.html
Next Steps: We are working with TNP2K and ID2020 on measurement and evaluation of the pilot to learn the best methods to scale the implementation for future success in Indonesia.
Our original press coverage in MarketWatch: https://www.marketwatch.com/press-release/everest-id2020-and-the-government-of-indonesia-tnp2k-secretariat-announce-innovative-identity-and-blockchain-pilot-solution-to-enhance-the-national-lpg-subsidy-program-2018-09-14
Samoa Fieldwork Update:
In partnership with the Asian Development Bank, we are now in the process of preparation for our next partnership deployment. Our team will be installing our platform into the Central Bank of Samoa, and having remittance operators from Australia, New Zealand and Samoa on-board users to enable cross-border remittances, all using KYC’ed EverID digital identities, EverWallets and CRDT Tokens.
Our original press coverage in BankingTech:
Upcoming Updates:
We are continuing to develop additional projects that allow us to deliver on our promise of Financial Services Elevating Humanity — more to come soon.
Thank You!
We truly appreciate your continued support of Everest and our mission to change the way that identity verification and value exchange is conducted. Please contact us directly if you have any comments or feedback- contact@everest.org.
As always, please visit our website https://everest.org/ to learn more.
Best regards,
Bob Reid and Brad Witteman
