EvidenZ x SatoshiClub AMA from 12 January
A new day and new guests at Satoshi Club with an incredibly interesting history of development and their way to success. And today we would like to tell you about the AMA session with our friends from EvidenZ. The AMA took place on January 12 and our guests were Luc , CEO of BCdiploma-EvidenZ and Vince, CTO & cofounder of EvidenZ & BCdiploma.
The total reward pool was 1200$ and has been splitted in 3 parts.
In this AMA Recap we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram&Bitcointalk community
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with EvidenZ! welcome to Satoshi Club
D. | Satoshi Club: hello everyone! @vince_hfr @LucJL hello! good to have you here! :relaxed:
welcome to Satoshi club!
Luc (#BCDiploma CEO): Hi, hello, happy to be here
Vince | EvidenZ.io: Hi @Cool_as_Ice and the whole Satoshi club community!
Mary | Satoshi Club: Let’s start with your intro and intro of EvidenZ
Luc (#BCDiploma CEO): I’m CEO of BCdiploma-EvidenZ, in charge of the Sales/Product Marketing Teams, Business Partnerships, and Finance. Let’s go to chat:)
Vince | EvidenZ.io: I’m Vincent, CTO & cofounder of EvidenZ & BCdiploma. I’m in charge of the solution development and research.
We’ve build with our team a blockchain based document certification solution, live in production since early 2019. EvidenZ.io is the framework of the solution, and first use case, dedicated to academics is Bcdiploma.com.
Luc (#BCDiploma CEO): a quick video is sometimes better than long speeches =>
Mary | Satoshi Club: Sure, visualization always helps
D. | Satoshi Club: indeed, a picture is worth a thousand words
Vince | EvidenZ.io: EvidenZ allows deploying of registers on the blockchain for all types of high-value data. It is a B2B solution and was patented in the US in 2018.
Luc (#BCDiploma CEO): BCdiploma is EvidenZ’s first use case dedicated to academic documents. BCdiploma is deployed in more than +100 institutions in +16 countries with the following use cases: diploma, academic and continuing education certificate, certified open badge of proficiency, notarial certificate, ISO certificate. A word about the team: 6 people now, 11 in one month:)
Mary | Satoshi Club: Actually, i have never seen this kind of certification on blockchain before
Vince | EvidenZ.io: Here is our portfolio https://www.evidenz.io/issuers-list.html
Mary | Satoshi Club: Can you give us countries names? Want to see if i can make certificate in my country)
Vince | EvidenZ.io: France/Canada/Vietnam/USA/Tunisia/Haiti/Egypt/Senegal… and 7 more
Mary | Satoshi Club: Mine isn’t on the list) but, sure, you’re working on adding more)
Q1 from Telegram Username @michaelaelf
Binance use your technology to create their blockchain certificates. If binance endorses your work, than you achieved something already! How does those blockchain certificates work? what exactly from your tech they use?
Luc (#BCDiploma CEO): All the EvidenZ framework is used, but instead of writing the encrypted data on ethereum, we write them on Binance Smart Chain.
Vince | EvidenZ.io: Here is a sample certificate issued by Binance team using EvidenZ: https://certificate.bcdiploma.com/check/CB5964158856248BB404907C9AE6F0731C70AA8E398BE53BE0FFB3648424B9FBMXBIRElrZjZsTVR4TC9zYTQ2ckN5bGNvcWpvWUZZbGsxb1ZVZzBGOWxwTE14cEho
Luc (#BCDiploma CEO): From the design of EvidenZ, we planned to use several blockchains, so it’s ok:)
Mary | Satoshi Club: But now only two blockchains, right?)
Luc (#BCDiploma CEO): @vince_hfr: we speake about the third?
Vince | EvidenZ.io: Yes, and we’re going to make a big announcement at the same time.
Luc (#BCDiploma CEO): This is great news for EvidenZ!
Mary | Satoshi Club: Yes, that is what we like here!
Vince | EvidenZ.io: BCdiploma is since today the first French operator of the European blockchain (EBSI), and will be the first “diploma” use case on this Blockchain
Mary | Satoshi Club: As i know more then 1000 certificates were issued?:grinning:
Luc (#BCDiploma CEO): +5000 now, soon +3000
Mary | Satoshi Club: Oh, numbers are growing!
D. | Satoshi Club: can you explain how your certificate works? can i get/create some certifications, what i should do for this?
Luc (#BCDiploma CEO):
first node has just been launched
Mary | Satoshi Club: Can you explain more about this?)
Luc (#BCDiploma CEO): BCdiploma will deploy its solution on the EBSI blockchain, allowing it to issue, manage and store “Verifiable Credentials” (verifiable and 100% digital certificates of official documents, diplomas, acquired skills) within the EBSI infrastructure. EBSI is the official European blockchain
Mary | Satoshi Club: Wow! Congrats
Luc (#BCDiploma CEO): Two other use cases: “notarization” and “Self-Sovereign Identity” will also be on the program.
Mary | Satoshi Club: It’s a great achievement!
Luc (#BCDiploma CEO): The beginning of a 2-year adventure with top partners.
Vince | EvidenZ.io: Just to clarify: EvidenZ is the technology framework, and BCdiploma is the DApp.
Institutions (like universities, company, government, etc) use the BCdiploma Dapp to issue certificates.
EvidenZ is used by BCdiploma to encrypt and store certificate data onchain, using a dedicated cryptographic algorithm.
Mary | Satoshi Club: What Self-Sovereign Identity means?
Luc (#BCDiploma CEO): It is important to associate to BCdiploma certificates the DID systems proving the identity of the holder (e.g. the graduate). We will therefore work with several SSI/DID ecosystems, including the EBSI ecosystem. It’s a logical step
D. | Satoshi Club: any institution or organization can use your DApp? or they should follow particular standards?
Vince | EvidenZ.io: Any institution that has valuable data to certify can use our Dapp!
Q2 from Telegram Username @madkaren
You have Binance in your portfolio and that’s great, but how many projects or institutions are using your services? Also, is the number of it growing? do you have a good business development team?
Luc (#BCDiploma CEO): 2019 to 2020: activity was multiplied by 4
Vince | EvidenZ.io: Currently more than 102 institutions use our services
Mary | Satoshi Club: It’s a lot :+1:
Luc (#BCDiploma CEO): Very experienced business team, doubling next month. with an international focus
Mary | Satoshi Club: Btw, with this bull market do you see that interest is growing?) Or it doesn’t depend?
Luc (#BCDiploma CEO): yes, our product has a long term B2B strategy, so we’re accelerating
Vince | EvidenZ.io: We are seeing a very good start to the year, but this is not necessarily linked to the bull market. Our business is resilient to the state of the market, which is a strength.
Mary | Satoshi Club: now is a good time to harvest many years of work
Vince | EvidenZ.io: And it is also the time to bring the blockchain to the world of education for real. Xiaoguang Zhang from Binance Smart Chain supports us in this process :ok_hand:
Mary | Satoshi Club: Mass adoption) in some years nobody will remember about paper sertificates)))
D. | Satoshi Club: if any organisation want to use your product, what they need to do? do you have step-by-step guide for those?
Luc (#BCDiploma CEO): Yes, easy onboarding process with a great DApp back office
Vince | EvidenZ.io: turnkey, easy to use even for non crypto friendly people
Luc (#BCDiploma CEO):
just have a look
Q3 from Telegram Username @batrud
You have an astonishing rate of burning tokens. 25% from tokens used to pay for certificates are burned. this increases the incentives of the user to hodl your token. what other incentives do you have?
Vince | EvidenZ.io: Precision on the functioning of the ecosystem: the tokens burned in the operation are bought back at the market price by team
Luc (#BCDiploma CEO): BCDT is the fuel of the EvidenZ ecosystem, it is designed for B2B: for each certificate issued, an amount of BCDT has to feed the smart contract
Here is the token usage macro process:
1) An institution buy issuance credits to BCdiploma in FIAT => in the real world, institutions aren’t able to buy tokens by themself :grinning:
2) BCdiploma company buys BCDT on the market at the market price
3) We feed the evidenz smart contract with BCDT to “buy issuance credits”, 25% are burnt during this operation
4) Institution issues certificates, the number of credits decreases
5) Goto 1)
(Just to make sure everyone knows the life cycle of the BCDT:)
Mary | Satoshi Club: What are the benefits for BCDT holders?)
Vince | EvidenZ.io: And, I would like to add that we plan to incentivize liquidity providers with BCDTs from our reserve.
D. | Satoshi Club: so total supply of tokens will be always decrease?
Luc (#BCDiploma CEO): ALWAYS
Vince | EvidenZ.io: Yes, you can check it here: https://www.evidenz.io/bcdt-token.html updated in real time
Mary | Satoshi Club: And guys, as i know you made a magic thing — you had successful ICO in 2018
i want to ask if you locked that tockens which were sold?
Vince | EvidenZ.io: The founders’ tokens have been locked for 1 year, but now we are fully diluted. by the way, we still have them :grinning:
Mary | Satoshi Club: So, all supply is free?
Vince | EvidenZ.io: yes
Mary | Satoshi Club: It’s a great sign for your community :+1:
Luc (#BCDiploma CEO): Error on coingecko BCDT page
Mary | Satoshi Club: What had happened there? They didn’t update info?
Vince | EvidenZ.io:
They exclude our reserve from the circulating supply, although we indicate, for the sake of transparency, that it is not locked
Mary | Satoshi Club: I think you should ask them to update)
D. | Satoshi Club: yes, it happens with coingecko quite often. incorrect info about circulation
Q4 from Telegram Username @fattyice
Tell us about the partnership with Microsoft. What does co-sell partner mean?
Vince | EvidenZ.io: First, our DApp is listed on the appstore with the support of Microsoft
Luc (#BCDiploma CEO): We are very proud of this. Microsoft for Startups program selected us as soon as we filed our patent in the US (2018). We performed well during this program, since February 2020 we have the Microsoft Co-sell status. We are the only 100% blockchain certification application available on the Microsoft Store
Vince | EvidenZ.io:
Notice that we’re a “Preferred solution”
Luc (#BCDiploma CEO): We’re part of the Microsoft for Startups program & of the Microsoft Cosell program. We are notably on their app store and their sales team is incentivized to sell our solution
Vince | EvidenZ.io: More informations here : https://medium.com/bcdiploma/powered-by-evidenz-bcdiploma-becomes-a-microsoft-co-sell-partner-d567a99a66ae
Mary | Satoshi Club: So, can we call it partnership or they support EvidenZ project?
Vince | EvidenZ.io: It’s an official partnership
Mary | Satoshi Club: I think this is a green ticket for you to be used everywhere
Vince | EvidenZ.io: This is our goal
Mary | Satoshi Club: Btw, was it hard to get it?) Paper work?
Luc (#BCDiploma CEO): 2 years of work within the Microsoft accelerator to achieve cosell status:)
Q5 from Telegram Username @nellybarty
I see that you are registered in France. Is France a crypto-friendly country? Wouldn’t it be wiser to incorporate the company in a country in which you know for sure that you won’t have problems with the local administration? Or you got some assurances from french officials that the project is safe?
Luc (#BCDiploma CEO): Is France a crypto-friendly country? not sure. We are a company that sells services to many public institutions.
Vince | EvidenZ.io: At the start of the project (2017) we met with the french competent authorities (AMF), who gave us the green light for the whitepaper and the project we are building.
Mary | Satoshi Club: Is BCDT security token?
Luc (#BCDiploma CEO): So we registered where we had our first clients
Vince | EvidenZ.io: No, BCDT is an utility token: It is not possible to issue EvidenZ certificates without it.
Luc (#BCDiploma CEO): It’s important for confidence. We have all the assurances of being able to work from France in the years to come
D. | Satoshi Club: btw, do you have plans to get listed on some CEX? i see only DEX on Coingecko page
Vince | EvidenZ.io: We are in touch with many CEX who offer us to be listed. Even if some of them are interesting, we want above all a top tier exchange, and we are working on it by all possible ways
Luc (#BCDiploma CEO): With the commitment of Europe and the numerous R&D grants from the French state, the horizon is clear
Q6 from Telegram Username @puritynose
Bcdiploma is a very cool and useful usage of blockchain technology. Apart from universities though, it’s important for governments and other big players to accept the certification that you make as genuine. Can you share with us if there are other institutions (apart from univerdities) that you are in contact in order to make the recognition of the diplomas multilateral?
Luc (#BCDiploma CEO): For example, we work directly with the Agence Universitaire de la Francophonie, which brings together +1000 universities (french link: https://ific.auf.org/certification/)
Vince | EvidenZ.io: We are already working directly at the European level, particularly within the context of EBSI: the idea is to speed up the process of mass adoption
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Guretxea41
How many tokens will be burned for each certification you perform and will there be a limit on token burning?
Luc (#BCDiploma CEO): 25% of the tokens used are burned. No limit, except a security one if we reach 66% of tokens burned in all … that should not happen
Q2 from Telegram user @Blasteran44
Partnership with other project(s) result in synergy that would increase growth rate. Which project(s) has #EVIDENZ partnered with or looking forward to partner with?
Luc (#BCDiploma CEO): Aleph of course, it’s a great partnership.
IMS Global Certification (Open Badges blockchain / IMS Global https://medium.com/bcdiploma/bcd-report-12-may-30th-2020-44959f789025 )
Microsoft for startups & Co-sell program MICROSOFT (https://appsource.microsoft.com/en-us/product/web-apps/blockchaincertifieddata.bcd-1)
We have signed a major partnership with the AUF (a grouping of more than 1,000 universities worldwide), which will be announced in early September following the success of the 2019 pilot project, we can’t say too much, but it’s a long-term (4 years) and exclusive business development agreement for us.
Berkeley Blockchain Xcellerator: Berkeley
and emlyon business school of course: https://twitter.com/EMLYON/status/1247890926585823234?s=20
Q3 from Telegram user @lahkoklu
Is the $BCDT token the fuel for the EvidenZ ecosystem then can you give an overview of the tokenomics and utility tokens on that $BCDT, then will your token be listed on Binance?
Vince | EvidenZ.io: BCDT is the fuel of the EvidenZ ecosystem. It is designed for B2B: for each certificate issued, an amount of BCDT has to feed the smart contracts.
Here is the token usage macro process:
1. An institution buys issuance credits to BCdiploma in FIAT => in the real world, institutions aren’t able to buy tokens by themself.
2. BCdiploma company buys BCDT on the market at the market price.
3. We feed the EvidenZ smart contract with BCDT to “buy issuance credits”, 25% are burnt during this operation.
4. Team buy back the tokens at market price
5. Institution issues certificates, the number of credits decreases.
Go back to (1)
In conclusion, the more institutions need to issue, the more BCDT is used :ok_hand:
Regarding Binance, we have the support of the Binance Smart Chain teams to develop our technology on BSC, and we are working with the Binance teams to deliver the best possible product to them. This is our way of showing them our seriousness and the quality of our solutions, and, why not, go further in the collaboration.
Q4 from Telegram user @Calebkure
Can you fo well to go depper on the subject $evident and the future and any Updates on $evidence in coming few months of 2021 in this competitive space
Luc (#BCDiploma CEO): I suggest you to read our last report, https://medium.com/bcdiploma/bcd-report-13-november-16-2020-d2c87c92f629?source=———4 roadmap is presented here!
Q5 from Telegram user @CryptoZaratustra
What’s your long-term vision for marketing and the BCDT token? How will you increase the adoption of blockchain by institutions?
Luc (#BCDiploma CEO): EvidenZ has been built to match with BCDT’s holders economical concerns: the total supply decreases with the use of the solution. This process ensures the long-term sustainability and autonomy of the ecosystem. About the long-term vision of marketing and the token: Today: customers pay in FIAT and are provided with tokens. The level of adoption of the blockchain by institutions is now high, however their level of adoption of cryptoactives is much lower. Even if the idea is attractive and makes sense, it seems too early to propose this kind of business line.
Tomorrow: customers who wish to do so will be able to pay directly using BCDT (in fact they can technically already do so, but they are not ready). To incite them: we are preparing a development that will allow to install the complete DApp stack on premice and to interact without our own DApp instance with the contract. Thus, we are targeting very big customers for this kind of installation (in particular for large groups and state administrations).
Q6 from Telegram user @Arisabela
It’s such a goal your partnership with Binance to deliver Masterclass certificates of participation. But, what is the value of these certifications in the real world?
Vince | EvidenZ.io: Binance Masterclass certificates (and BCdiploma — EvidenZ certificates in general) are designed for the “real world”. For their holders, they allow them to showcase their skills, by sharing them on social networks (such as LinkedIn for example), or by sharing them with a future employer. For institutions (such as Binance or a university), it is a powerful dematerialization and marketing tool.
Q7 from Telegram user @centoscu
How can anyone use your project? Do we need to register within your website and buy your token?
Luc (#BCDiploma CEO): Any institution, with a KYC process, yes
Q8 from Telegram user @MrGembel23
Can you list 1–3 killer features of #Evidenz that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Luc (#BCDiploma CEO): — Tamper-proof on chain data storage
– Respecting GDPR using a patented cryptographic algorithm
– One click access to certificate for life
– One extra feature
certificates with fully customizable content and visuals allowing the institution to promote its brand with top level design.
sorry, we have 4 killer features
Q9 from Telegram user @cryptoflower13
What are the requirements for a student organization to use BCDiploma to issue their certificates?
Luc (#BCDiploma CEO): No requirements: juste have your graduation data in a file
Q10 from Telegram user @gerybodag
Where does the project name come from? What does it mean for you and why did you choose that name for your project?
Luc (#BCDiploma CEO): BCdiploma := Blockchain Certified diploma, and our firm is “Blockchain Certified Data, BCD”, so the token is the BCD Token, BCDT
Q11 from Telegram user @Ldich
What was the number of participants in the blockchain certification organized by Binance?
Vince | EvidenZ.io: Almost 4,000 Binance Masterclass certificates have been issued since September. Concerning the “Webimarathon” diplomas that will be issued following the quizzes organized by the Binance teams, we do not yet have the exact number yet.That said, the Webimarathon was very successful and there were several thousand participants in the quiz!
Q12 from Telegram user @adamlike
Who sends the diplomas to BCdiploma system? User sends it himself or university sends it?
Luc (#BCDiploma CEO): only institutions can certify data, not individual
Q13 from Telegram user @MrGembel23
How do you get people to work with your project? and what are the advantages and disadvantages of your project?
Luc (#BCDiploma CEO): our strengths and key arguments for universities:
Protecting the value of your diplomas
Enhancing your innovative brand image
Becoming the leader of the digital student experience
Revitalizing your Alumni network
Accelerating the digitization of your processes
Q14 from Telegram user @erzascarr
Can BCDT be an investment for all users, whether they are young, beginner or already familiar with crypto?
Luc (#BCDiploma CEO): Yes, I think everyone can take an interest in our project, because it is a long-term project, which is based on the development of a classic B2B business.
We rely heavily on our community, and this is just the start of a long adventure.
Q15 from Telegram user @SayonaraNM
Where can we find / acquire / generate $ BCDT? Is its value in EvidenZ the value it has in general or is it just its value in EvidenZ? Where is it listed?
Vince | EvidenZ.io: You can acquire BCDT using one of the exchanges listed here: https://www.evidenz.io/bcdt-token.html
Also, we plan to reward liquidity providing of BCDT in the next few months.
Finally, BCDT is an ERC 20 token, so its value depends on the market. That said, BCDT was designed so that its value reflects the real activity of the company :ok_hand:
Part 3 — Quiz Results
In the final part we tested your knowledge in terms of EvidenZ. They’ve prepared 4 questions for this part. The total reward pool for quiz was 1000$.
EvidenZ Community: https://t.me/BCdiploma