Crossmint Challenge: Streamlining Identity Solutions
Tracks: Reusable Identity
Register: DevPost
Informational Session: Watch the recording
DIF Hackathon Discord Channel: #crossmint
Website: Crossmint
Overview
This track explores the concept of reusable digital identities that can streamline various processes such as KYC (Know Your Customer), KYB (Know Your Business), reusable claims for compliance, and age verification. The goal is to create robust and secure identity solutions that can be reused across different platforms and services.
Challenge
Leverage Crossmint’s Verifiable Credentials API to develop a reusable identity solution that addresses the challenges of identity verification and compliance in various sectors. The solution should emphasize security, privacy, and ease of use for both individuals and organizations.
Examples
- KYC/KYB Processes: Build a platform that allows individuals and businesses to create a reusable digital identity for KYC/KYB purposes, making it easy to verify identity across different financial institutions or platforms without repeatedly submitting documents.
- Age Verification: Create a digital identity solution that provides age verification capabilities for online platforms, such as gaming or content services, ensuring compliance with age-related regulations without revealing unnecessary personal information.
- Anti-Money Laundering (AML) Compliance: Design a system that uses reusable credentials to streamline AML checks for financial transactions, reducing friction and ensuring compliance without compromising user privacy.
Prizes
Total: $1,500 USD
- 1st place: $800 USD and $2,000 worth of Crossmint subscription credits, with a 12 month expiration date
- 2nd place: $500 USD and $1,000 worth of Crossmint subscription credits, with a 12 month expiration date
- 3rd place: $200 USD and $500 worth of Crossmint subscription credits, with a 12 month expiration date
Included in each price is a Crossmint swag pack for up to 3 members, delivered to a single address.
Submission requirements
- W3C-compliant verifiable credentials.
- 3-minute video describing the application and its functionality.
- URL to the public code repository.
- Text description of:
- Project's features and functionality.
- How DIDs, VCs, and other submission requirements were used in the application.