metadata: {"signature": "0x098c39d5af5b74cc0bbe1727bc16e410c041813e2f8b1f76e0a36ec8ebb1397a1de57870d695bf82d97693e4a848d01f1eda4d9cfa0d3d021e45c9991cf9540f1c", "application": {"round": "0xb91b59c91b09d127d269e53019f2420e8c2c7ce7", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "aiuAdY3uq52KI9pt2EVWds7hpUV8Z62A0JcqGPkRWyHXt2+h2qLN0a5jxOkZDuzw", "encryptedSymmetricKey": "725ddfcdb12e6ffdd6edd0327d077449bfca7303da97e1b79d2d6aefe286c1f09dba1fc91d3b18a25f489df483fc4504cd2e289c43bb426542288ee852288098ddfade1cd1a948e61625bca8de37a285d89964bc4428e1aa16e5b5d22dc3808d23b0b0943adfe708dd33c06250a2bd27f37e09d7e820cd696fbc606480fb42000000000000000020b930c705bae2a7149bc02b4bc1a1bc17fb1298798edd268f3724ca161af9809928f1296dfb53fc0255e7fee552249c95"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle", "questionId": 1}, {"type": "short-answer", "answer": "https://github.com/Consortium-WIDE", "hidden": true, "question": "Project GitHub Repo", "questionId": 2}, {"type": "short-answer", "hidden": true, "question": "Link to your Public Group Chat", "questionId": 3}, {"type": "short-answer", "answer": "We participated in Web3 Grants Ecosystem Advancement.", "hidden": true, "question": "Have you participated in a previous Gitcoin Grants Round? If so, please name the rounds or link the builder profile associated with previous rounds.", "questionId": 4}, {"type": "paragraph", "answer": "authbond contributes to the OSS ecosystem by providing an open-source solution for credentials verification and procurement process standardization in Web3. We want to improve the application process for grants increasing transparency and efficiency, which directly benefits the ecosystem.\n\nauthbond team members are involved and will be publishing open-source research and insights from the Web3 grants landscape, helping the community understand best practices in governance, structure, and engagement.\n\nWe encourage contributions and will offer modular tools and APIs that can be used by other developers and projects within the Web3 space, and intend to integrate other relevant tools available in Web3 ourselves, such as KarmaGAP for tracking previous work of the applicants.", "hidden": true, "question": "How does your project contribute to the growth of the OSS ecosystem? Please provide specific examples of how your application enhances or expands the current ecosystem.", "questionId": 5}, {"type": "paragraph", "answer": "authbond is designed to simplify grant applications by offering a user-centric RFP builder for organisation, that handles both KYB and proposal requirements, which are then directly transferred to the proposal builder. Our platform also supports a transparent bid bond submission system, ensuring compliance with regulatory standards like MiCA. This is especially important for large Web3 actors managing significant financial support programs and grants, as it brings regulatory clarity and trust to the process.", "hidden": true, "question": "What features or use cases does your dApp/App present? How is it differentiated?", "questionId": 6}, {"type": "paragraph", "answer": "We are four months into development and have covered initial costs. Since we\u2019re focused on user-centric development, we plan to use the funds for additional user research and community engagement. We\u2019ve completed the first round of feedback and are preparing for more sessions. Funds will be directed to the efforts to raise awareness and ensure the platform meets our users' needs.", "hidden": true, "question": "What are your plans for further development, and how will the grant funds be used to achieve these goals?", "questionId": 7}, {"type": "paragraph", "hidden": true, "question": "For any project deploying smart contracts on blockchain networks, please list all your deployer addresses and their corresponding blockchain networks. Use this format for each entry: [deployer_address], [chain_id]\u2014for example, 0x123abc..., 42161 (This represents a deployer address on the Arbitrum network). Please include a separate line for each unique deployer address and blockchain combination.", "questionId": 8}], "project": {"id": "0xbcfad440e29d92f4c4b68a4e1ab9b6d6ed29df7b11a3ed6aa7a150fc0d1d3ec2", "title": "authbond", "logoImg": "bafkreib64xee3y7smkeam2ppxvtqpswuz7lrddcfmmnav4e7raagwblfxq", "metaPtr": {"pointer": "bafkreig3yjlodk6i5cjllzbmbbry3e5wg6pmgrbczovtp3wum2ym36sh5q", "protocol": "undefined"}, "website": "https://wid3.xyz/projects/authbond", "bannerImg": "bafkreiet7ful5jlqnnrkaap2pwpg3dxd7iazx5fzpxnvuy4y7paaeo24sa", "createdAt": 1722938517756, "userGithub": "vicosv", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..1D2RS7xdOCOiFZlFF28IqEr5k5SPaDa-MHuNHSL4gKQGAI6-3bXdEElKEeOLtEbjeL7dH6mKMsRIr5R6MCuKDA", "type": "Ed25519Signature2018", "created": "2024-10-22T11:09:22.111Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-10-22T11:09:22.111Z", "expirationDate": "2025-01-20T11:09:22.111Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x964969FB9e1aEd483e67e769445Cc1dffb61a060", "hash": "v0.0.0:SyxglyvPra7WNxEqtzrh5Yk8WxIH6+LEge8ua5Zf21M=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#Consortium-WIDE#130321827"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..1j0cS1x9-7QJaTZivPLNJyxIP5Bzv6PnXgZstH1CNrGpcAtXoSg7YASEUFm4s6ZCTEUTfTFTDMEDwPMdcEKsCQ", "type": "Ed25519Signature2018", "created": "2024-10-22T11:09:14.720Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-10-22T11:09:14.720Z", "expirationDate": "2025-01-20T11:09:14.720Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x964969FB9e1aEd483e67e769445Cc1dffb61a060", "hash": "v0.0.0:BrzvInWlArMPsDZrZiDVTA7G4vNpLcqdJmYRUAIwFWM=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#acurraent"}}}, "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 key issues in Web3 contracting by tackling free-riding and improving financial security. Current Web3 contracting methods don\u2019t comply with MiCA regulations or verify contractor identities effectively. Many foundations struggle to trust the contractors they\u2019re funding because it\u2019s hard to verify their liquidity, past performance, or business legitimacy. authbond integrates KYB and bid bonds into on-chain identities, allowing verified commitments and compliance, which increases trust between funders and contractors.\n\n## Potential Demonstration Scenario\n\nFor example, Foundation X issues an RFP using authbond. Contractors verify their identity with eIDAS 2.0-compliant KYB, then submit proposals and deposit bid bonds in the form of ID-NFTs. Foundation X reviews verified proposals and uses smart contracts to handle bid bonds, ensuring compliance and security throughout the process.\n\n[![authbond-solution.png](https://i.postimg.cc/wB3rKCng/authbond-solution.png)](https://postimg.cc/2qRGhKzK)\n\n## Progress since GG21 \n\u2022 Completed low-fi wireframe designs for the platform.\n\n\u2022 Held user feedback sessions and adjusted our approach based on our learning.\n\n\u2022 Refined the target audience to better align with the needs of our users.\n\n\u2022 Finalised the platform\u2019s technical architecture.\n\n## How We Will Use the Funds\n\nWe are four months into development and have covered initial costs. Since we\u2019re focused on user-centric development, we plan to use the funds for additional user research and community engagement. We\u2019ve completed the first round of feedback and are preparing for more sessions. Funds will be directed to these efforts and to raise awareness to ensure the platform meets our users' needs.\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", "projectTwitter": "acurraent"}, "recipient": "0x665489da2EDfF3e9Ffc4abd7C6A5093eda7d42E8"}}