KYC & Voting PLATFORM

 

Thrupny Proposal

 

An investment in a SaaS Know Your Customer (KYC) and Electronic Voting Stand-Alone Business to disrupt the market and ramp-up revenue for our clients, based on three years of development.

The problem with KYC

Limited Autentication 

Many systems base themselves only on authenticating documents and expensive black lists, not leveraging AI.

Previous Generation Technology  

Many KYC services are using costly and complex technology from 5 or more years ago.

 Time and Resource Consuming 

Most KYC services require extensive integrations to align with corporate requirements.

Lack of Reusability 

Identification of a user is usually restricted to one company or service.

Expensive 

KYC services come from banking solutions and are not adapted to more granular services, therefore, they are expensive with significant setup and per validation costs. Also, the AML lists are a significant cost.

 

Potential for Fraud

Voting Issues and why go electronic now?

  • TRUST: the usage of devices for banking and government services has led to trust in their capability, security
  • RESILIENCE: The need for resilient digital systems is evident
  • INCLUSION: Globally youth, elderly, disadvantaged people are disenfranchised
  • EFFICIENCY: Companies and governments are looking at costs in a post pandemic market
  • HEALTH: COVID-19 has audited the negative aspects of travel, health, environment of gatherings

The Market Growth

  The KYC Market Globally

  • 2019        €1.33 BN

%

CAGR +

  • 2024 €3.2 BN

  The Voting  Market Globally

  • 2019        $18 BN

%

CAGR +

  • 2026         $34 BN

Current market KYC players

Several other providers exist in the market, generally with higher pricing or lower onboarding speeds than we are proposing. The below and several others may be exit targets.

Provides SaaS. No self-service onboarding. Per-client pricing.

Provides complete bank-grade offering. No self-service onboarding. Per-client pricing.

Provides complete bank-grade offering. Minimum transaction requirements are not suitable for marketing or investment campaigns. Private pricing.

Our Unique Proposition  

%

REDUCTION IN IMPLEMENTATION COSTS

%

REDUCTION IN COSTS PER IDENTITY VALIDATION

MARKUP IN CURRENT MARKET

%

FUTURE PROOFING TO COMING DIGITAL IDENTITY

KYC Transparency Algorithm

Point in Time Recognition
1. Face Recognition
2. Document Recognition
3. Face vs Document
4. AML/PEP

   PiTR Identity Output      

   PiTR Identity Output      

5. Voluntary SSO
6. Open Data
7. Decentralised Sources
8. Location Research

Historical Identity

Identity Likelihood of Truth

Our added value is to join multiple technology threads and in so doing disrupt both the KYC market and e-voting 

The Voting Vertical

What is is?

A vertical spin off from KYC and electronic ID, personal electronic voting refers to voting from personal devices for:

  • Corporate Board and Shareholder Votes
  • Governmental Votes
  • Votes for community associations

Corporate Board and Shareholder Votes

One of the Six Leadership Priorities For Boards Beyond The Crisis” identified by WEF is “Strengthen preparedness and resilience to crises and systemic shocks”. We propose this includes electronic voting for shareholders, powered by blockchain.

 

Governmental Votes

“It is 100% technically possible to have fraud-proof voting on our mobile phones today using the blockchain.

” Andrew Yang, US Politician, 2020 presidential candidate”

Votes for community association

The Thrupny voting platform is granular enough in cost and integration that non-profit associations will be able to use it to have secure votes.

Voting: a unique solution

Cost Drivers 

%

Technology

R&D, Innovations, and Development

 

%

Marketing & Sales

Digital Marketing and P2P Sales

 

%

Operation

Finance, Admin, Tech Operation, and Management/Strategy.

 

Revenue Streams

%

SAAS KYC TRANSACTIONS

Packages sold online.

Marketed via digital marketing and P2P.

 

%

B2B DIRECT SALES

Packages sold directly to companies.

P2P Marketing

%

TOKEN SALE PLATFORM

KYC included in token platform

P2P Marketing by partners

 

BUSINESS CASE CASHFLOW

Review our 5 year business case

Tokens

The tokens are used for the management of the three use cases:

  • Voting
  • Payments
  • Staking

Each use case has multiple specific smart contracts that automate the required features.

The tokens have different value profiles:

  • Voting – these are non value tokens that are used for actual vote counting. These will never be sold so as to ensure there is never a commercial incentive for votes
  • Payments – these tokens have a variable value according to demand and are used to pay for voting services on demand in real time
  • Staking – these tokens have a fixed value and will be used for proof of stake models
    1. Staking will and will have a stabilisation mechanism for the value 
    2. Staking tokens will be issued in a second phase 
    3. Staking tokens will be sold in private sales according to project and may be exchanged for payment tokens also

Payment Token

One of the unique features of the Thrupny KYC platform and especially the Voting use case, is the additional automation of the pay for use model through a digital token that will enable corporates and governments to precisely manage voting processes:

PAYMENTS – WHAT DO WE NEED TO PAY FOR IN VOTING
  • Technical systems
  • Real Time Polling oversight services
  • Audit
  • ALL these services will  be paid for by a token in real time, reducing administration further
  • The company, government only needs a multi sig wallet, also provided on purchase
  • A Payment portal will be available for payment

Token Sale - THRP

PARAMETERS

PARAMETERS

1 Name of the Token THRP 13 Offer period 2nd Bonus 2 weeks
2 Token Standard ERC 20 14 Currencies accepted EUR, USD, BTC, ETH, USDT
3 Total number of THRP created 30,000,000 15 Methods of payment accepted Crypto, Credit Card, Wire Transfer
4 Total number of THRP for sale inkl. comissions/bonuses  5,000,000 16 Soft Cap EUR 1,200,00
5 Thereof, total number of THRP for comissions/bonuses  500,000 17 Hard Cap EUR 5,000,000
6 Thereof, total number of THRP for management & advisors 250,000 18 Subscription Agreement The purchase & acquisition of the THRP require the online or offline signing of a Purchase & Acquisition Agreement
7 Purchase price per THRP TBC
8 1st bonus 10% first 1 million THRP sold 19 Offer period of the private sale 8  weeks
9 Minimum purchase amount during 1ST BONUS EUR 1,000
10 Offer period 1st Bonus 2 weeks 20 Delivery of Tokens Immediate for Crypto, Credit Card. On receipt of wire transfer.
11 2nd bonus 5% next 1 million THRP sold
12 Minimum purchase amount during 2nd BONUS EUR 500 21 Listing of the THRP On sale start/IEO

Timeline

Future plans on KYC platform development.

START IN 2020

Establish KYC as the principal activity of the business and market the KYC SaaS Platform.

2021

Launch vertical segments and partner with global representatives.

2022

Launch Multiple Physical Locations, Global Products.

What will we spend the money on?

[

TECHNOLOGY BUILD

Build out the technology feature roadmap, such as deep fake detection and AI algorithms

[

CREATE SaaS PLATFORM

Build online sales channel, including self service 

[

ONLINE MARKETING

Build outsourced team, spend on marketing assets and communication channels

[

BUILD TEAM

Expand business development, marketing and operation capabilities

Thrupny IOT Voting Sensors and Devices
            • We plan multiple physical devices to help make blockchain backed voting possible over multiple use cases

            • Leveraging all the KYC and eVoting app capabilities, the devices will enable in person voting at locations

            • Additionally sensors in consumers devices will be used to certify voting activity

HARDENED, SIMPLIFIED AND BLOCKCHAIN CONNECTED ANDROID TABLET FOR POLLING BOOTHS

 

  •  MADE WITH STANDARD, COMMODITISED HARDWARE
        • Self booting, operating
        • Blockchain recorded authentication of device and location
        • Custom blockchain based device IOT signature wallet – no people are required
PEOPLE COUNTING SENSORS FOR POLLING BOOTHS

 

  • Ensures likelihood that tablet votes were possible

  • Recognise people but does not identity, can optionally do so

  • Made with standard, commoditised hardware

  • Self booting, operating

  • Blockchain recorded authentication of device and location

  • Custom blockchain based device IOT signature wallet – people ONLY required to position device

  • Networks locally with tablet to assure location

VOTING APP with BLE HOTSPOTS

 

  • Uses sensors of standard Costumer devices plus Bluetooth LE hot spots

  • Allows for virtual polling booths to be set up in many more places e.g. metro stations

  • Virtual voting booth provide an increased security factor

  • Can be used in conjunction with BLE Hotspots and other devices or separately

 

 

Meet our team

Andrew Rippon

Andrew Rippon

FOUNDER

28 years of digital transformation consulting and delivery. Blockchain platforms delivered for government, fundraising and KYC, among others.

Oleg Dmytruk

Oleg Dmytruk

DEVELOPMENT LEAD

Expert in solution development and integration, machine learning, developer ecosystem
Daniil Neverodskyi

Daniil Neverodskyi

DESIGN LEAD & TPMs

Product and usability design, solution sourcing, partner delivery management, quality control.
Raluca Ciobanu

Raluca Ciobanu

PROJECT MANAGER

Agile project team management, client and partner relations, administration.

See our full Website 

growthteam@thrupny.com

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