This doc has 2 parts:

1. Overview of the digital identity market
2. Business proposal for Decentralized Identity Protocol

1. Overview

Product

Self-sovereign digital passport

• Contains cryptographic credentials (KYC, work, contributions, financial info, preferences)
• Can publicly mint or present proofs to 3rd parties in p2p fashion
• Uses cryptography to achieve data integrity, source of truth verification and varying levels of privacy (user decides how much privacy they want)

Use cases, problems to solve, market size

KYC (Know Your Customer)

• Streamline onboarding processes
• Enhance compliance and security
• Reduce costs and time associated with KYC

Market: medium, but highly competitive

Proof of Personhood

• Establish unique, real human identities
• Prevent Sybil attacks and bot manipulation
• Enable fair distribution of resources/airdrops and voting rights