This is very interesting and much more market facing than the typical defi proposal. Can we have an example of how its being used? Like jack and jill buy tokens, stake, and create profiles. Eventually their profiles are pooled and monetize as data sold to advertisers. They receive part of that or only token appreciation? Are they selling their profiles or renting the ability to analyze/access them? It seems like something a company might offer in the background in order to subsidize a âfreeâ service like 24/7 support or even free shipping
I guess what im getting at is an individualâs data is worth way more to the individual than to a company looking for marketing data so individuals wont get that much incentive to participate. In order to get a payout that feels worth it they need to somehow receive a collective benefit for the network (which is very valuable), like free services⌠ad free movies, for example. @simol
You got it right ser - that is the idea. It is about Personal Perks On-Chain!!1 What that means:
Jack is setting up his Solana ID profile: he is signing up with his main wallet account and adds a couple more of his active wallets to his profile. He also starts to securely onramp off-chain data by authenticating his Twitter and Discord account. He even logs into his boomer bank account to create a proof-of-funds credential in his SOLID Data Vault.
He now not only accrues SOLID tokens to his account as apps start to identify him as valuable customer for their service and send him tailored pop-ups at wallet login or custom offers via the SOLID Telegram Bot - he also receives perks from apps such as reduced trading fees or airdrops!
Hope that helps to outline one of many possible user journeys this will take. Thanks for your input @MeowZe!
Thanks @simol This is clear. Are the solid tokens necessary? I can imagine a service just offering discounts and perks with solid behind the scenes and not distributing tokens.
We asked ourselves the same question many times. We believe that tokens, if implemented correctly, can give superpowers to crypto networks. They will help us bootstrap growth early on and reach critical mass faster. The problem of âunreliableâ prediction scores such as our SOLID Score can be solved (at least to an extent) by adding financial value to the equation (i.e. Reputation Staking).
As many things in crypto, this is experimental and weâre open to suggestions from the community at any time of development. Anyway, bottom line, yes, we believe the token makes our model much more feasible.
Very kul. Thanks and its amazing that you r brave enough to have this convo publicly. Clearly a lot of thinking and agility in this project
While I can get behind a âproof of personhoodâ protocol on Solana, I am unable to endorse SolanaID due to its reliance on traditional web2 mechanisms. The focus on ad revenue, data sharing, and data tracking contradicts the decentralized ethos of web3.
Furthermore, the primary purpose of the token and its association with staking for reputation points seems to perpetuate a system of inequality. By linking reputation to financial standing, we risk widening the gap between socioeconomic classes, which undermines the principles of equality and fairness that should underpin any reputation system.
Additionally, the dependence on government-issued documentation for identity verification reflects a reliance on outdated web2 paradigms. Instead, I support direct biometric authentication as a more progressive and secure approach aligned with the principles of web3.
While I appreciate the proposal and the problems you are trying to solve, I believe that a reevaluation of its core principles, alignment with the values of web3 and the decentralized meta are necessary to ensure its viability and my vote.
good read iâm new to this . thank you
Iâm curious, if a user grants permission to one provider of services, what prevents that provider from sharing your info with others? If there is a mechanism that prevents sharing of data, how does that work? I havenât seen it, so not sure how it works, but I imagine you can opt-in for some providers, but not others. So when I opt-in, do I agree to legalese that the service provider creates? My thought is that a service provider will just add language that allows them to share your data. And if this possibility exists, we all know most people never read the long legal doc associated with things like this, we just click through it and the providers know that. If providers are going to provide legalese we have to agree to, what about summarizing the risks of the language? For example âThis provider can share your dataâ. Or a service provider risk score based on their reputation.
While i think i get the premiseâŚall/most of our data is being marketed, so why not profit ourselves?
The problem? I donât want any of that. I donât want all my info bought and soldâŚWeâve become the product, and your pitch is to beat them to the punch?
What are your clients really looking for? not my name or emailâŚthey want my spending habits and browsing patterns. they want the metrics of my traffic along with millions of others.
Iâd be okay if you designed a method to extract the metrics of my online activity, aggregate them with other users and then sell that.
As far as the âIDâ partâŚi guess i am in the camp that believes that itâs nobodyâs business who i am or what i doâŚso long as Iâm acting within my legal bounds and am accountable if i step outside that.
So create an internal KYC, and instead of storing that on some server, store it within the wallet itself.
Add an AI that will interact with applications on your behalfâŚdynamically creating an account on your behalf while keeping all your information private.
Math that out and you got my vote
First of all, ty for your comment - love it. Thatâs what we need in this forum - critique that challenges us builders.
To address this point briefly: instead of escaping reality and envisioning a future thatâs not here yet, weâre building with rational mental models in mind. What I mean by this is, that targeted ads, data sharing and tracking wonât go away ever - but we have the power to design frameworks that honor privacy and keep the actual OWNER of that data in control. THIS is what weâre building.
We are pondering on fair reputation systems A LOT - and the reputation staking aspect is a valid approach to build a reputation system that walks on the fine line between being fair for everyone AND providing necessary safety for verifiers for it to be feasible. Donât get us wrong though: people can use and benefit from Solana ID without BIG financial lock-ups of their wealth.
100% agree with you on this actually. Hence, we donât force Solana ID holders to pass a KYC check - but we want to implement it as an option. And again, we can innovate on top of this âoutdated web2 paradigmâ by creating zkp of passport credentials which turns your physical passport into a digital, privacy-preserving, ID.
Thanks for your thoughts Mike! The incentive model is built in a way, that verifiers who pay for tapping into account data, would basically hurt themselves by making data available with others for free. If theyâd decide to re-sell, theyâd had to charge more than directly from Solana ID. You get the idea?
Also, technically this wonât be possible as we simply pass data as-needed in real time for a specific decision the smart contract of the verifier has to make at that moment - after the action has been completed, there is no data that has been âsendâ anywhere and is stored outside of the users private vault. Could go deeper, but this is the highest level explanation.
Hey @loothore907, thank you for your critique! Good points.
The good thing: no one is forced to opt-in to anything. As with all products, some users might not feel like itâs for them and simply decide to not use it.
Anyhow, from a business point of view we want to serve everyone that wants to âstay in the systemâ but do things in a more user-centric way than weâve been experiencing it in web2. This is what weâre helping people who want to achieve.
Thatâs pretty much what we do - Concordium Protocol has been pioneering this concept. Once KYC check is done, they (and also us) donât store any personal identifiable data; instead we helped to create digital credentials of your nationstate ID that is now stored on your device and can be used via zkp to present to verifiers. Basically, a much better passport.
We donât claim to have solved everything yet - weâre in the research and development phase. But I can assure you from what I am getting from your comment, that Solana ID teamâs and your values are aligned. But yep, thereâs more work to do
Very cool and hopefully all our efforts can go well
One of the most thorough proposals Iâve ever read. Happy to have found this proposal through conversation in the $SOLID discord.
Is happening!
Really happy to be apart of the community, and am really looking forward to watching Solana ID change our web3 experience for the better!
Seems like a good proposal, quick question - are there any other name services on solana?