
Proposal “Trudatum_by_Coinfirm“ (Closed)Back
Title: | Trudatum - bringing Dash to large corporates |
Owner: | Coinfirm |
Monthly amount: | 550 DASH (23905 USD) |
Completed payments: | no payments occurred yet (3 month remaining) |
Payment start/end: | 2017-10-19 / 2018-01-16 (added on 2017-10-24) |
Final voting deadline: | in passed |
Votes: | 155 Yes / 286 No / 111 Abstain |
Proposal description
Trudatum - Register and Authenticate any type of Document, File or Data
Coinfirm
For those who follow Dash, Coinfirm doesn’t need much of an introduction. But for those who don’t know us yet we can quote the words of your own Ryan Taylor (Dash Core CEO) on how - “Coinfirm offers its customers truly world-class tools to meet regulatory requirements in an easy and effective manner….expand into products and services that we haven’t been able to provide or integrate in the past. We’re super excited about this because it’s definitely a game changer in terms of what we can do moving forward.” You can check our website here https://www.coinfirm.io/about to learn more.
Idea
A lot of large companies and entities of many kinds have problems with proof of immutable stored data like documents, files, code etc. Many terms are given to this issue such as durable medium and golden source. Currently governments of many countries create laws and regulations imposing on the companies implementation of solutions for ensuring authenticity and immutability and of documents. These regulations are strict and old technologies have problems fulfilling the needs and requirements.
Coinfirm has solved these issues and created a solution based on blockchain with the central stage reserved for Dash’s blockchain. Trudatum (the name of the platform/solution) brings a new level of security and efficiency to users, clients and partners. Trudatum is a Registration and Verification Platform for digital content with authentication of existence and ownership of files with a chain of events structure.
Tests and pilots have been successfully performed with global companies and financial institutions such as the largest bank in Central Europe PKO Bank Polska as well as the American asset management company SEI with great success and have the commitment of multiple entities to use the platform. Dash blockchain was the fundamental piece for these implementations.
The Trudatum platform is ready and will be a public website, open for all users. There are still elements and functionalities that need to be further developed. We want to add some new features, prepare a better UX, UI, and make Trudatum a global standard.
We want DASH to be the underlying medium where essential data points are permanently recorded. Technically Trudatum will involve a large number of transactions on the network and a large amount of Dash used.
With Trudatum we are truly bringing the advantages of public blockchain to large corporate and the established markets and Dash can became the cornerstone of these solutions.
Why Dash?
What​ ​ we​ ​ offer​ ​ for​ ​ Dash
Already working with the Trudatum solution
Budget
We've believed in and supported Dash in various forms from the beginning and want to further develop this solution with you. We are making this proposal because we have the utmost faith in Dash's platform, our vision and capabilities, and the massive potential this solution holds for both Coinfirm and Dash.
Links
- Dash Talk Preproposal
Coinfirm
For those who follow Dash, Coinfirm doesn’t need much of an introduction. But for those who don’t know us yet we can quote the words of your own Ryan Taylor (Dash Core CEO) on how - “Coinfirm offers its customers truly world-class tools to meet regulatory requirements in an easy and effective manner….expand into products and services that we haven’t been able to provide or integrate in the past. We’re super excited about this because it’s definitely a game changer in terms of what we can do moving forward.” You can check our website here https://www.coinfirm.io/about to learn more.
Idea
A lot of large companies and entities of many kinds have problems with proof of immutable stored data like documents, files, code etc. Many terms are given to this issue such as durable medium and golden source. Currently governments of many countries create laws and regulations imposing on the companies implementation of solutions for ensuring authenticity and immutability and of documents. These regulations are strict and old technologies have problems fulfilling the needs and requirements.
Coinfirm has solved these issues and created a solution based on blockchain with the central stage reserved for Dash’s blockchain. Trudatum (the name of the platform/solution) brings a new level of security and efficiency to users, clients and partners. Trudatum is a Registration and Verification Platform for digital content with authentication of existence and ownership of files with a chain of events structure.
Tests and pilots have been successfully performed with global companies and financial institutions such as the largest bank in Central Europe PKO Bank Polska as well as the American asset management company SEI with great success and have the commitment of multiple entities to use the platform. Dash blockchain was the fundamental piece for these implementations.
The Trudatum platform is ready and will be a public website, open for all users. There are still elements and functionalities that need to be further developed. We want to add some new features, prepare a better UX, UI, and make Trudatum a global standard.
We want DASH to be the underlying medium where essential data points are permanently recorded. Technically Trudatum will involve a large number of transactions on the network and a large amount of Dash used.
With Trudatum we are truly bringing the advantages of public blockchain to large corporate and the established markets and Dash can became the cornerstone of these solutions.
Why Dash?
- quick settlement in the block and instant pay
- one of the largest network of nodes that gives security of the data
- real and proactive team behind it
- approach for large enterprises and large clients
- We are after the pilot stage of development with clients with positive and promising results
- We are already partnering with large corporate, including major financial and insurance institutions, who started using Dash’s blockchain to register files and documents through our solution.
- We prepared the first stage of branding, UX/UI, and functionalities, below you can check some screens and examples
- Add the option for multisign by many users for the same file/document
- Create the ability for document/file version control (ability to add new versions of the same file/document tied to the original and create a living chain)
- Create the ability for document/file chains (user can track document flow process)
- Create fully customized notification panel with live notifications in application
- Feature for sharing files/documents in groups (for example the ability to be version controlled by multiple entities)
- Account/Profile verification by employees or leaders of companies. For example Verified company A can verify profile B of their employee
- After the release of Dash Evolution in Alpha mode, test Dash User Accounts as an option to log in to the Trudatum platform with their Dash User Account profile displayed as the owner after file/document verification
What​ ​ we​ ​ offer​ ​ for​ ​ Dash
- Real and scalable ​ commercial​ ​ adoption​​ and​ ​ usage​ ​ with​ ​ more​ ​ transactions​ ​ in​ ​ the​ ​ network.​ ​
- Within​ ​3 years​ we​ ​would​ ​like​ ​to​ ​generate​ ​minimum 170​k​ ​ transactions​ ​(~60​ million transactions annually) ​on​ ​Dash's​ ​blockchain.​ This​ ​ will​ ​ add​ ​ new​ ​ scale,​ ​ an​ ​ extra​ ​ new​ ​ fee​ ​ to​ ​ the network​ ​ and​ ​ mining​ ​ will​ ​ be​ ​ more​ ​ profitable​ ​ while making the​ ​ network​ ​ more​ ​ secure.
- Lower​ ​ costs​ ​ for​ ​ registering​ ​ files/documents​ ​ on​ ​ the​ ​ platform​ ​ for​ ​ users​ ​ using​ ​ Dash's payment​ ​ method​ ​ will​ ​ bring​ ​ more​ ​ liquidity​ ​ on​ ​ the​ ​ market.
- Platform​ ​ with​ ​ API​ ​ access​ ​ that​ ​can​ ​ be​ ​ plug​ ​ and​ ​ play​ ​ for​ ​ other​ ​ businesses​ ​ bringing even​ ​ more​ ​ liquidity​ ​ to​ ​ the Dash​ market.
- Introduce​ ​ the​ ​ Dash​ ​ project​ ​ to​ ​ global​ ​ financial​ ​ institutions​ ​ and​ ​ companies​ ​ as​ ​ a ​ ​ global and​ ​ secure​ ​ blockchain,​ ​ payment​ ​ processor,​ ​ and​ ​ decentralized​ ​ platform​. Right now we are spending significant time promoting and explaining Dash to many companies.
Already working with the Trudatum solution
- PKO (The largest Central European bank)
- Bacca (Insurance industry disruptor)
- SEI - (Global Asset Management Co with around $700bill under management)
Budget
We've believed in and supported Dash in various forms from the beginning and want to further develop this solution with you. We are making this proposal because we have the utmost faith in Dash's platform, our vision and capabilities, and the massive potential this solution holds for both Coinfirm and Dash.
Links
- Dash Talk Preproposal
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Discussion: Should we fund this proposal?
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at the current budget the total risk is on the dash MNO and no risk on coinfirm
Then, rather unhelpfully, coinfirm infer that should the proposal not pass they will drop the best blockchain solution (dash - by their own admission) and push their clients towards proprietary solutions such as IBM etc.
Thanks a lot partner!
Partnership is an interesting concept:
"A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. Organizations may partner to increase the likelihood of each achieving their mission and to amplify their reach. A partnership may result in issuing and holding equity or may be only governed by a contract." - Wikipedia
When we consider this proposal in light of the above definition it becomes clear that what is on offer isn't really a partnership. It's an investment opportunity without any equity in return.. We've already brought a lot of value to the table in the form of our network. This seems to have been assigned little/no value in this 'partnership' proposal.
When you condense it down to this, it's clear why the majority of Masternodes have voted the way they have.
I - like most Masternode owners i suspect - actually like the underlying idea/concept. It's a very good, real-world use case for the Dash blockchain, however, the value proposition just isn't there with the current deal on the table.
I encourage coinfirm to consider the feedback generated and come back to the network with a revised proposal that actually makes sense for both partners in this deal.. because until the Dash network has the legal framework set up to take equity stakes in these kind of projects I see no way of proposals structured like this will get any funding.
Walter
"Other Costs (travel, living, hardware, software licences, etc)
$490 000,000"
That's a lot of travel, living, hardware and software! Cripes! It doesn't pass the sniff test that 'other costs' in a $1m total budget breakdown amount to half the budget.. 'Other costs' is sundries in view, amounting to a few thousand dollars.
Walter
Getting to 2mb soon...we need some big, consistent users.
Sign me up!
I need to have a clear plan, regular meetings and reports shared + payment schedule related to the milestones.
Your proposal claims "we have the utmost faith in Dash's platform."
So do you, or don't you? Because if you did, you'd choose to build on Dash whether you got funding or not.
So we can add "not pushing Dash as the main and legitimate blockchain to these entities" to this as well?
I'm trying to get an idea of who has more leverage here. MNOs please weigh in. If this is not funded, who misses out more - Dash, or Coinfirm?
The proposal is interesting, the price to do lobbyist not.
Remember that hyperledger (IBM, JPM, Accenture, etc.) deploy and use your technology can be more expensive than Dash. We all know the prices of IBM technology solutions. In addition hyperledger is oriented services in permissioned blockchain vs public blockchain.
One of the characteristics and policy of Dash is that the commission to write in its blockchain is the cheapest possible. And that in the long time will give you a great competitive advantage.
I do not oppose his role as lobbyist, in our hand it remains to decide whether he benefits Dash, but he should reconsider the prices of his proposal, and negotiate with the DAO in another proposal.
Thank you for you proposal
If this proposal passes Coinfirm will try to persuede these big players to start using Dash instead of IBM solution. If this proposal does not pass, they will not try to persuede these large players.
I take this position because we can. We have the money this month to pay for this. Which is better establish early inroads or just leave the funds unspent ?
Add the option for multisign by many users for the same file/document"
* Dash does not support multisig at this moment.
quote from pre-proposal :
"As mentioned earlier, Trudatum won't clog or abuse the chain. Files are not stored on blockchain. We store the hash+sig which is around 300bytes transaction. We plan adding support for files when there will be dedicated system for that (ex. Dash Drive)."
* I'm not sure if Dash Drive is intended for that usage
With regards to the rest of this budget proposal i think its an interesting proposal that could give Dash a strong boost in its use of an instant payment provider, while at the same time keeping the size of those transactions very small.
Good luck with your budget proposal.
Corporate's of that size won't do anything fast, and they will be reluctant to be 'first' in on a new technology. Being used by these company's ticks off a milestone for utilisation/integration with major firms, and can be pointed to for future deals.
If they hit 170k tx's a day is about 2 tx per second on average? That seems like it's well within the roadmap for 3 years hence (.... it would be great to see that level of utilisation).
... and they want to use Instantsend with it.
sounds great.
[cross posted from the forum]
I need to have a clear plan, regular meetings and reports shared + payment schedule related to the milestones.
Besides I haven't seen any proof this is an actual Coinfirm representative.