metadata: {"signature": "0x1c7e9115c1096665ab898106b67ea4857f6d59a9b54a38327732eabd23e6a80373d026bd5269073011e2e66955f969adb811c07fe89f1c6194c8d26f38179d4a1c", "application": {"round": "0x7492a8c4ed29b1f1559888bd832fae5d33e10370", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "ZseG5quSywdC2uNJVvFTP7/iXLCMQPAohKOpYbEM/ro=", "encryptedSymmetricKey": "b9b755820364fe09154d9b6a8948a34afff851ecee3a412733b7ceef3598b743c21f1932fc102163ceed47bc13fd8503641bba755e7452a7a28329e97d3dd2f183eab9bae62b6332f3f11ffb33d02f059ed49b732b74060dfc0673125c1490980b6ec3603e4829ca3ef6cb166c46b10bf2a9bb9c0d4ce422b22df735450e8b0d00000000000000201af32c42b94cfc66307e66180046591bb05be13279822a114f26f680f8fde3db07f95bf22556a957628344e041729596"}}, {"type": "paragraph", "answer": "VeriTrust aims to bring unprecedented transparency, security, and inclusivity to the public procurement sector. Our solution aligns with multiple Sustainable Development Goals (SDGs), particularly those focused on reducing corruption and promoting economic growth.\n\n1. **Transparency**: Open-source protocol ensures that all transactions are publicly verifiable.\n\n2. **Security**: Blockchain technology provides an immutable record, reducing the risk of fraud.\n\n3. **Inclusivity**: Our platform levels the playing field, allowing smaller and minority-owned businesses to compete fairly.\n\n4. **Financial Inclusion**: Integration with Circle's programmable wallets will make the platform accessible to non-crypto savvy users, and make it blockchain agnostic on the payment side.\n\n5. **Accountability**: Planned integration with Kleros will offer a decentralized dispute resolution mechanism, enhancing trust and fairness.\n\nBy achieving these impacts, VeriTrust aims to revolutionize public procurement, making it more equitable and efficient, thereby contributing to global stability and financial inclusion.", "hidden": false, "question": "What impact do you hope to have (or have had) on the Gitcoin Community with this project? How do you measure your impact? (e.g. viewers, forks, branches, likes)", "questionId": 1}, {"type": "multiple-choice", "answer": "Proposed (proactive)", "hidden": false, "question": "Are you applying for funding for work done, proposed, or both?", "questionId": 2}, {"type": "paragraph", "answer": "We won 1st place in the public goods track of the ETH Argentina hackathon, Aug. 2023. \n\nThe application is still under development, although we hope to reach MVP soon. All source code is public.\n\nhttps://veritrust-front-qj44in647a-uc.a.run.app/\nhttps://github.com/P4-Games/VeriTrust-SmartContracts\nhttps://github.com/P4-Games/VeriTrust-Front\n\nThe front end is almost finished, and the contracts are deployed and running on the testnet.\n", "hidden": false, "question": "If you have work completed, please describe it below and include links where possible:", "questionId": 3}, {"type": "paragraph", "answer": "MVP Completion\nSecure partnerships with NGOs and sponsors, and find first adopters.\n\nExpected workload: 200 hrs", "hidden": false, "question": "If you have work you are planning to do, please describe it below and include estimates of how much time (in hours) you expect it will take: ", "questionId": 4}, {"type": "paragraph", "answer": "Please list the source and amount received for each funding entity/individual.\nChainlink: $500 USD Grant\nETH Argentina track prize: $2500 USD\nETH Argentina Quadratic Funding: $12,825 USD\n\nTotal funding to date (in USD)\n$15825", "hidden": false, "question": "Has this work been previously funded? If so, by who and for how much? ", "questionId": 5}, {"type": "multiple-choice", "answer": "No", "hidden": false, "question": "Are you working on this as an individual?", "questionId": 6}], "project": {"id": "137:0x5C5E2D94b107C7691B08E43169fDe76EAAB6D48b:7", "title": "VeriTrust Protocol", "logoImg": "bafkreid5io3jwmww7bg66klzrf3o6bz25shyexrxh5v7dd57lyhv3gdxxy", "metaPtr": {"pointer": "bafkreibizogkvttfnegmxxuvo7y42gjyrdenkatlzvf6zazo5dom5oi4he", "protocol": "1"}, "website": "https://veritrust-front-qj44in647a-uc.a.run.app/", "bannerImg": "bafkreidn3dgkmgpahyedeg7upiuvcqdw5razxzdashiknwrt3wbh72zm4y", "createdAt": 1695860508514, "userGithub": "TomasDmArg", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..1MpczBXjcm2yGorznt6BLiV-MSMJXeJ0wbk9x1W20lZWgB3H2Fr0UCNfLwOalACuRc7Gg0DYgLxLQkgAubHxCA", "type": "Ed25519Signature2018", "created": "2023-09-28T00:21:13.384Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-09-28T00:21:13.383Z", "expirationDate": "2023-12-27T00:21:13.383Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xf080d5b40C370a5148a9848A869eb3Aaf7d5E146", "hash": "v0.0.0:BqF0tlOvCDi1/YuhNo71JhjgoyawYw051WFZ5OIYtxI=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#veritrust_"}}}, "description": "We are building VeriTrust, a protocol that enhances public procurement processes with blockchain.\n\n### Problem Statement\n\nThe public procurement sector, responsible for an estimated $13 trillion in annual spending, suffers from a lack of transparency, security, and inclusivity. Less than 3% of these contracts are openly published, leading to issues such as corruption, fraud, and unfair competition. This lack of transparency disproportionately affects smaller and minority-owned businesses, hindering economic growth and public trust.\n\n### Proposed Solution\n\nVeriTrust aims to revolutionize public procurement through an open-source blockchain-based protocol that ensures transparency, security, and compliance. Our smart contracts are designed to be freely accessible, allowing NGOs and other organizations to build their own front-end interfaces. While we offer this open-source flexibility, we also provide a tailor-made app service for those who prefer a customized solution. Initially, our focus will be on the tendering part of the procurement process, with plans to expand into other stages to bring full transparency and control to these processes.\n\n### **Achievements to Date**\n\nBefore we delve into our future roadmap, it's worth noting the milestones we've already achieved. VeriTrust was formed to participate in the Eth Argentina Hackathon, where we not only won the Public Goods track but also secured quadratic funding and a Chainlink bounty. These early successes validate our approach and set the stage for our ambitious plans ahead.\n\n### **Technical Implementation**\n\nVeriTrust is built on the Ethereum blockchain, utilizing smart contracts to automate and secure the tendering process. Our protocol integrates with IPFS for document storage. We are also planning to integrate Kleros for dispute resolution and Circle's programmable wallets to simplify the bidding process for users who are not familiar with cryptocurrencies.\n\n1. **Smart Contracts**: Deployed on the Ethereum blockchain to handle the tender creation, participation, and winner selection.\n2. **IPFS**: Used for secure and immutable document storage.\n3. **Kleros**: Planned for future integration for decentralized and transparent dispute resolution.\n\n### Business Model\n\n- **Tailor-Made App**\n- **Tender Creation Fee**\n- **Participation Fee**\n\n### **Futureproof**\n\nOur blockchain-based solution is easily implementable by NGOs and designed to mitigate corruption and fraud.\n\n### **Inclusive Approaches**\n\nWe offer multiple access points to bridge the digital divide, ensuring all beneficiaries are effectively served.", "lastUpdated": 0, "projectGithub": "P4-Games", "projectTwitter": "veritrust_"}, "recipient": "0xb688cd6b039081521a01e779833c3b20cf8d7949"}}