metadata: {"signature": "0xa4e9ea84f42c6558608bead25b9735f693314793771c26a0e9eff0fc48dc7549784b124d1f104df5ad9b3c4c7e3f8744c0298707c7234dfef463fc7f7586ef9a1c", "application": {"round": "0x1b0caf40f491dce9c51e7e33d6e86112bb0bb91b", "answers": [{"type": "checkbox", "answer": ["Development of Web3 Grants tooling", "Experiments with innovative funding mechanisms", "Other"], "hidden": false, "question": "How does your project contribute to the advancement of the Web3 grants ecosystem?", "questionId": 0}, {"type": "paragraph", "answer": "We plan to fully deploy the Authbond platform within the next 9 months, focusing on credentials verification and improving the procurement process for grant applications. \n\nWith authbond, we intend to tackle such issues as the free-riding of pseudonymous contributors, which undermines Web3 contracting, and ensure compliance with MiCA regulations by enhancing contractor identification. Our goal is to mitigate regulatory risks and bridge information asymmetries faced by Web3 grant programs.\n\nAdditionally, we are committed to collaborating on use cases in Web3 to broaden the scope of our impact and contribute to the collective knowledge of the ecosystem. ", "hidden": true, "question": "Describe your previous work or plans related to the Web3 grants ecosystem.", "questionId": 1}, {"type": "paragraph", "answer": "authbond creates value for the Web3 grants ecosystem by streamlining the procurement process for grant givers. By providing a secure, decentralized platform for credentials verification and procurement, we reduce friction and increase trust between stakeholders, ensuring that only verified projects can apply through the platform. This leads to more efficient operations and improved transparency within the Web3 ecosystem.", "hidden": true, "question": "How does your project create value for the Web3 grants ecosystem?", "questionId": 2}, {"type": "paragraph", "answer": "Our core team member is actively involved in developing the Grants Maturity Index in collaboration with the Grants Innovation Lab by Metagov. They are analyzing different grant programs in Web3 and evaluating their maturity based on the following factors: transparency, accountability, community engagement, structure, governance etc. The insights gained during this research will directly inform the development of authbond.", "hidden": true, "question": "Describe your team's expertise in your chosen focus area within Web3 grants. Include relevant experience, publications, or past projects.", "questionId": 3}, {"type": "paragraph", "answer": "We plan to share methodologies and tools developed through authbond with the Cartographer Syndicate and the broader Web3 grants community by:\n\n1. Creating and sharing detailed documentation and academic papers.\n2. Organizing workshops to validate and discuss collected data and gather feedback.\n3. Open-sourcing parts of our platform.\n4. Providing regular updates through blog posts and social media.", "hidden": true, "question": "How do you plan to share insights, methodologies, or tools developed through your project with the Cartographer Syndicate and the broader Web3 grants community?", "questionId": 4}, {"type": "paragraph", "hidden": true, "question": "List any contract addresses with the associated network(s), EOAs, or deployer addresses your project has deployed.", "questionId": 5}, {"type": "paragraph", "hidden": true, "question": "Have you received any previous grants or support for your work in Web3 grants? If so, please provide details and estimated funding amounts.", "questionId": 6}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Please confirm that you have read and agree to comply with the ethical standards outlined in the eligibility criteria, including Gitcoin's Quid Pro Quo policy (https://support.gitcoin.co/gitcoin-knowledge-base/gitcoin-grants/general-questions/what-is-our-quid-pro-quo-policy)", "questionId": 7}, {"type": "paragraph", "hidden": true, "question": "Do you have any potential conflicts of interest to disclose? If yes, please provide details.", "questionId": 8}, {"type": "paragraph", "hidden": true, "question": "Is there anything else you'd like to share about your project or team that wasn't covered in the previous questions?", "questionId": 9}], "project": {"id": "0xbcfad440e29d92f4c4b68a4e1ab9b6d6ed29df7b11a3ed6aa7a150fc0d1d3ec2", "title": "authbond", "logoImg": "bafkreib64xee3y7smkeam2ppxvtqpswuz7lrddcfmmnav4e7raagwblfxq", "metaPtr": {"pointer": "bafkreigzduvfubjvvayd3qhpu7t46lucc4ny35rw4oswum3rvxnui3qr7e", "protocol": "undefined"}, "website": "https://wid3.xyz/projects/authbond", "bannerImg": "bafkreiet7ful5jlqnnrkaap2pwpg3dxd7iazx5fzpxnvuy4y7paaeo24sa", "createdAt": 1722938517756, "credentials": {}, "description": "## Introduction to authbond\n\nauthbond, tackles the issue of accountability in Web3 contracting, where pseudonymity can lead to delivery challenges. Traditional bid bonds effectively mitigate risks of project defaults in conventional contracting but have not been widely applied in the Web3 space. authbond innovates by incorporating privacy-preserving Know Your Business (KYB) confirmations and bid bond deposits into reusable on-chain identities, enhancing trust and transparency in digital trade.\n\nThe platform enables organisations to issue Requests for Proposals (RFPs) with defined selection criteria. Applicants can import their business data and submit proposals, which are then linked to privacy-preserving ID-NFTs. These NFTs verify KYB completion and represent the bid bond, ensuring that only complete and verified proposals are considered. This process reduces the risk of financial losses and increases procurement efficiency. authbond leverages eIDAS 2.0-based identities and integrates with existing solutions like F6S and Priv\u00e9, ensuring compliance with MiCA outsourcing regulations and establishing provenance for proceeds. \n\nUsing privacy-preserving ID-NFTs by authbond incentivises honest data provision while protecting user privacy. The platform also promotes trust through intermediated interoperability, benefiting Europe's digital economy and virtual commerce. This approach democratises access to on-chain economies, allowing DAO contributors to use real-world identities for Web3 work opportunities.\n\n\n## Motivation\n\nauthbond addresses Web3 contracting deficiencies by combating free-riding and enhancing financial security. Conventional Web3 contracting methods fail to meet MiCA regulations and verify identities. authbond integrates privacy-preserving KYB and bid bonds into on-chain identities, ensuring verified commitments and regulatory compliance, improving trust and efficiency.\n\n## Potential Demonstration Scenario\n\nA DAO issues an RFP via authbond, requiring contractors to verify their identities using eIDAS 2.0-compliant KYB. Contractors submit proposals and bid bonds as ID-NFTs. The DAO reviews verified proposals, awards the contract, and manages bid bonds through smart contracts, showcasing secure, transparent procurement.\n\n[![authbond-solution.png](https://i.postimg.cc/wB3rKCng/authbond-solution.png)](https://postimg.cc/2qRGhKzK)\n\n## How We Will Use the Funds\n\nThe platform is currently in its initial development phase, with development costs already covered. Our commitment to a user-centric approach involves integrating our target audience early in the development process to ensure their needs and feedback shape the platform. Therefore, we will use the funds primarily for user research and community engagement.\n\n## Current Team Members\n\n- **Ben** \u2013 CEO & Project Management\n- **Matthew** \u2013 Full Stack Developer\n- **Nicole** \u2013 Marketing & Business Development\n- **Vika** \u2013 UI/UX Design & Research \n\n[![the-team.png](https://i.postimg.cc/tCPFYBGy/the-team.png)](https://postimg.cc/GHL4fJpS)\n\n## Past Contributors\n\n**Dr. Joshua Ellul**, Centre for Distributed Ledger Technology at the University of Malta \u2013 Project Coordination\n", "lastUpdated": 0, "projectGithub": "Consortium-WIDE"}, "recipient": "0x665489da2EDfF3e9Ffc4abd7C6A5093eda7d42E8"}}