Docufi3d: A Decentralized Platform for Web3 SSI Credential-based Digital Document Signing and Verification
Catalyst Proposal 106382
Docufi3d — a fully compliant blockchain based platform to sign legally binding contracts and verify all types of documents.
With Docufi3d you’re not just able to drag, drop & sign documents, but also verify the origin of documents, press releases, invoices, videos and other content.
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Project Outline
Authenticity and integrity of documents, invoices, annual company reports, etc., remain of paramount importance, whether in the business or personal realm. With the rise of AI, fraud, and deepfakes, the need for a reliable system to verify document authenticity and provide legally binding signatures in the Web3 ecosystem is more pressing than ever.
Decentralized & non-custodial
Of course, digital signatures exist, in a pdf for example, but these solutions are largely centralized and custodial. Docufi3d is the first decentralized platform designed to address these challenges and transform the way we approach document signing and verification.
Self-sovereign
Docufi3d leverages the power of the Cardano blockchain to provide a comprehensive, secure, and transparent system for document verification and digital signatures. The platform combines the principles of Web3 and Self-Sovereign Identity (SSI) credentials, ensuring a decentralized and robust system for document verification.
Vast potential
Docufi3d’s capabilities extend beyond mere document signing. It can verify a wide range of document types, from press releases and invoices to videos, addressing the rampant issues of fraud and deepfakes. This is the groundwork for vast and numerous use cases, especially in an era where digital communication is ubiquitous.
Global
One of the most prominent features of Docufi3d is its global applicability. Designed to cater to individuals, businesses, and institutions worldwide, we aim to ensure a trusted environment for all transactions. This global reach is particularly beneficial for businesses, allowing them to streamline processes, reduce overhead, and enhance trust among stakeholders.
Contractual Legitimacy
Legal professionals, often inundated with contracts and agreements, can also benefit immensely, saving valuable time and effort in document signing and verification processes.
Iterative evaluation
To validate its effectiveness, IAMX will establish pilot programs with selected partners. These programs will measure key metrics, including the reduction in fraudulent activities, time and cost savings in document verification, and overall transaction reliability.
Addressing real-world challenges
The project is strongly aligned with Cardano’s mission of creating a trusted and sustainable blockchain ecosystem. By addressing real-world challenges, Docufi3d contributes to Cardano’s vision of a secure and transparent digital future. This alignment is further evident in the project’s commitment to open-source principles. Relevant code, libraries, and frameworks developed will be contributed to a public Github repository, fostering innovation and enhancing the Cardano ecosystem’s capabilities.
Partnerships & adoption
Partnerships with industry stakeholders, such as legal professionals and businesses, are actively sought to drive collective progress. The outputs and opportunities resulting from the project will be shared, aiming to establish collaborations that further research, development, and adoption of document authenticity verification and secure digital signatures.
Building the future of document verifiability & authentication
At IAMX, we believe Docufi3d could have a significant impact on the Cardano ecosystem, and the future of document authentication and verification. By “Identifying the unidentified” and ensuring document authenticity, the project paves the way for a more secure, inclusive, and decentralized future. With its innovative approach, commitment to collaboration, and focus on real-world applicability, we believe Docufi3d is set to change the realm of digital document verification and signing.
About IAMX
IAMX is a token-based SSI and authentication protocol that empowers individuals with the means to own their identity. Adhering to the strictest of regulatory standards for identity protection, IAMX builds on the foundational principles of SSI to provide a robust and secure system where individuals are able to take control and manage their identity. Users of IAMX will realise significant time and cost savings through novel approaches to identity management and e-commerce transactions, like 1-click fulfillment, which are legally binding and maintain local regulatory compliance. With users in control of their identity data, time-consuming processes like KYC and KYB become near-instant, highly secure transactions.
IAMX builds upon the foundations of SSI, blockchain, and decentralised identifiers (DIDs), enabling individuals, organisations, or any entity to prove their identity independent of external parties or centralised authorities. This way, the authenticity of anything tied to an IAMX DID can be independently confirmed by the entity holding the DID.
IAMX is at the forefront of the Web3 revolution, bringing the world’s most secure, decentralised, and user-friendly SSI solution to the Internet. Adding the layer of identity and authentication to the Internet, with IAMX you can treat the Internet like you are always logged in. Pursuant to its mission and vision, IAMX is working to solve the problem of providing an identity to the billions of people who do not currently have a state-recognised, legal identity. Using a Biometric Identity Gateway, users with or without state-level identification can create their own identity for use online, one that relies on their unique physical attributes, including their face, iris, and fingerprints.
