Inspired by the Principles of Identification for Sustainable Development Goals, THE Foundation empowers users to create a free, digital identity – with “privacy by design”. No entity, including THE Foundation or any other organization, can open, change or alter any part of a user’s identity. As such, users are guaranteed (via code, not law) that their identities are private, secure, and persistent forever. Users can be pseudonymous, and granularly share various credentials. Although anchored in a de-duplicated, unique human identity, users can, for example, show zero-knowledge proofs that they are human, unique or are of age or KYC status, without necessarily giving up their privacy.
A SECURE ACCOUNT FOR EVERYONE
A digital wallet to allow users to store money, crypto, documents, and identity information. Get access to financial services through THE Foundation’s partners such as Everest Network, to accomplish payments, remittances, digital asset trading, and access to DeFi protocols.
SELF-FUNDING DAO GOVERNANCE
THE Foundation leverages concepts from decentralized autonomous organizations (DAOs) to ensure that no centralized entity or person can access a user’s identity or account. Since “identity” requires recourse (i.e. in case of a catastrophic hack or a user’s loss of facial or other biometrics), multiple, different keyholders can come together to fix such issues or release software that could jeopardize the security of the DAO – an no single entity, including THE Foundation, has the ability to open users’ identity stores. EverChain network is governed by Validators, which, in addition to processing transactions across a permissionless network, vote on pricing of basic services, transaction burn percentage, and validator rewards, among other potential initiatives. The DAO is organized to be self-funding based on the transactions processed over EverChain. That is, a percentage of the fees will be used to pay for the storage, bandwidth, and infrastructure to house identities and accounts in distributed storage around the planet.
THE Foundation. Providing every human being a free, digital identity and wallet.