Fummi Introduction - Blockchain For Change [PDF]

BLOCKCHAIN SMART ID AND ALTERNATIVE FINANCIAL SERVICES

LEADERSHIP

Josh Thompson CO-FOUNDER & CEO • Director of Education Bridgeport • Executive Director of New Leaders

TEAM

Amanda Graham

Calvin Bradley

CO-FOUNDER & COO

CO-FOUNDER & CHAIRMAN OF BOARD

• Human Right advocate with strong connections to social impact organizations • MS in Human Rights, Columbia

• Former NYC Mayoral Candidate

• Hyperledger NYC meet-up champion

• Advisor to Cory Booker

• Speaker:

• JD Law, Vermont law School

Hudson Valley Tech Conference

Bob Visnov CTO

Mohit Mehta DIRECTOR OF ECONOMICS & MARKETING

• Fin tech Entrepreneur

• VP technology at JP Morgan

• Private equity finance and consulting background

• CTO of Authentidate Inc

• Political consultant at Run for America

• PHD,Material Science and Engineering, University of Pennsylvania

• Helped pioneer Pathways Program to help people run for office

• Expert in finance and cryptography

• Policy advisor for New York Mayoral Campaign

• Thomas Edison Innovation nominee 2017 • Speaker: Blockchain D.C NY Fin-tech-Fast paced ICO’s

• Social media analyst

2

ST RAT E GIC

AD V IS ORS

Scott Bommer

Andrew Hoppin

Marta Piekarska

Aram Barnett

FOUNDER OF SAB CAPITAL DIRECTOR AT THE ROBINHOOD FOUNDATION

PUBLIC SECTOR AND CIVIL SOCIETY FORMER GOVERNMENT CIO

SECURITY ADVISOR HYPERLEDGER DIRECTOR OF ECOSYSTEMS

John-Austin Diamond

Carol Van Cleef

Ken Hausman

Lou Kerner

Sahil Sachdev

Ryan Alexander

FOUNDER, SR. ATTORNEY DIAMOND LAW PRACTICE, PLLC

BAKERHOSTETLER PAYMENTS INFRASTRUCTURE AND REGULATION

SVB ADVISOR DEUTSCHE TELECOM

“WALL STREETS MR.BITCOIN” SENIOR ANALYST GOLDMAN-SACHS

CO FOUNDER, THE GIMLI PROJECT CO FOUNDER, SEND IT LATER

PRESIDENT LIGHTSAIL EDUCATION

LEAD TOKEN ENGINEER CEO ALLUMINATE

Nate Lubin OBAMA SENIOR DIGITAL STRATEGIST WHITEHOUSE DIRECTOR OF DIGITAL STRATEGY

Gideon Stein CEO LIGHTSAIL EDUCATION DIRECTOR NARRATIVE 4

3

ID

PROBLEM

11% United States Citizens do not have governmentissued photo identification

50% Adult Americans personal data hacked in July 2017 (Equifax)

ID = Access No ID = No Access ID doesn’t necessarily mean security

http://www.brennancenter.org/sites/default/files/legacy/d/download_file_39242.pdf https://gizmodo.com/hackers-steal-personal-information-of-143-million-ameri-1802136954

4

A C C E S S

A N D

I N E F F I C I E N C Y

P R O B L E M

In the US, there are millions underbanked, underserved and overcharged by the traditional financial system.

77 mm Underbanked in the United States

$3 bn

$1 bn

Annually in fraud

Annually uncollected benefits

http://www.brennancenter.org/sites/default/files/legacy/d/download_file_39242.pdf http://www.cleveland.com/datacentral/index.ssf/2015/05/1_in_5_americans_receive_gover.html http://www.foxbusiness.com/features/2016/02/15/how-many-americans-have-bad-credit.html

21%

30%

Dependent on US government benefits

US population with poor credit

The US government spends an estimated $140 bn annually on EITC and SNAP.

http://www.brennancenter.org/sites/default/files/legacy/d/download_file_39242.pdf http://www.cleveland.com/datacentral/index.ssf/2015/05/1_in_5_americans_receive_gover.html http://www.foxbusiness.com/features/2016/02/15/how-many-americans-have-bad-credit.html

5

SOL UT IO N :

ID Meanwhile, up to 97% of low income individuals have smartphones*

ID as a point of Access

12:30 12:30

Confirmed

Fummi is an android app. It uses SmartID to transform services for the underserved and underprivileged: 3 key features: 1. Digital ID - Change Pass

JS You have successfully added

Jessica Smith

917-930-6597

04/07/91

PHONE You’ve just added DATE OF BIRTH

+$10.00

2. Safe storage of money - SmartWallet Available Balance $300.00

3. Marketplace for service providers and beneficiaries

Verify My Identity BOOK A SHELTER

FIND A DOCTOR

EARN MONEY

Mobile ID and verification

Blockchain based SmartID app that reduces fraud and provides people streamlined access to low-cost government services

SOL UT IO N :

C H A N GE

CO I N

Safe Storage of Money

12:30 12:30

The Fummi ecosystem makes use of the Change Coin:

Confirmed My Activity WALLET

2. Reduce the cost of services through the cooperative purchasing platform 3. Function as a currency for improved and sustainable alternative financial services.

PAYMENTS

JS

You paid Urban Pathways

UP

Checkin APPROVED

3 key features: 1. Safe storage of money

SNAP

UP

REPORTS

-$10.00

04 / 23 / 17

04 / 23 / 17

You have successfully added Meal voucher exchange 04 / 23 / 17

You’ve just added +$1.25

You collected bottles RiteAid 04 / 24 / 17

UP

+$10.00

REPORT

Checkin APPROVED 04 / 23 / 17

Available AvailableBalance Balance$300.00 $300 BOOK A SHELTER BOOK A SHELTER

FIND A DOCTOR FIND A DOCTOR

EARN MONEY EARN MONEY

Change Coin Ecosystem

Blockchain (Ethereum) based token that adds liquidity in our closed loop system

OUR

TECHNOLOGY

OFFERS

Smart ID technology powers next generation financial services

12:30 12:30

Confirmed

12:30

Ready to Check In

JS

JS

Jessica Smith

PHONE

04/07/91

DATE OF BIRTH You’ve just added

+$10.00

12:30

You have successfully added

Jessica Smith

917-930-6597

04/07/91

PHONE

DATE OF BIRTH

Approved

12

STATUS

ROOM

917-930-6597

04/07/91

PHONE

DATE OF BIRTH

+$10.00

MY CHECK IN CODE

Verify My Identity

Complete Check In

BOOK A SHELTER

FIND A DOCTOR

Available Balance $300.00

FIND A DOCTOR

EARN MONEY

EARN MONEY

Enables additional earnings generation

You paid Urban Pathways

UP

Checkin APPROVED

UP

Meal voucher exchange

UP

Mobile ID and verification

-$10.00

You have successfully checked in!

04 / 23 / 17

Urban Pathways Friday, June 2 11:30am 145 15th Street, New York, NY 10017

04 / 23 / 17

+$1.25

REPORT

04 / 23 / 17

Available Balance $300

FIND A DOCTOR

You’ve just paid

-$10.00

Checkin APPROVED

BOOK A SHELTER

Check-in and payments for locational services

REPORTS

04 / 23 / 17

04 / 24 / 17

BOOK A SHELTER

Confirmed

PAYMENTS

You collected bottles RiteAid

Verify My Identity

Available Balance $300.00

SNAP

JS

You’ve just added

Urban Pathways Friday, June 2 11:30am 145 15th Street, New York, NY 10017

12:30

My Activity WALLET

Jessica Smith

You have successfully added

917-930-6597

JS

12:30

Confirmed

Financial services empower the underbanked and underserved

EARN MONEY

Records transaction history

Available Balance $290.00

BOOK A SHELTER

FIND A DOCTOR

EARN MONEY

Payment management and budgeting 8

ECO SY S TE M

BE NE FIT S

Blockchain auditability and transparency

Reduced admin cost per user Increased user accountability per transaction

More people get services they need

Unique secure records with corresponding data from accredited vendors reduces fraud

ECOSYSTEM BENEFITS

Government and NGOs can securely transmit funding directly to the user

Streamlined payments through blockchain protocols

Trusted network scalable growth

Automated payments & analytics 9

B U S I N E S S M O D E L & A D D R E S S A B L E M A R K E T

SOFTWARE AS A SERVICE

45,000,000 Universe of LifeLine Customers

$3/user

A LT E R N AT I V E F I N A N C I A L SERVICES FOR THE UNDERBANKED & UNDERSERVED

This represents an opportunity to provide alternative financial services to the underserved and unbanked population.

Service Provider Monthly Fees

Blockchain reduces fraud, enables peer-to-peer lending, and creates auditable and transparent services for users.

10

MA R K ET

OP P ORTUN ITY

AND

G RO WT H

Users S TA G E

5 S TA G E

Partner with bank charter Alternative credit scores and blockchain automated micro-lending Micro-lending at massively reduced cost to the user

4

S TA G E

Enables direct deposit banking services Transaction history builds credit profile Money transmitter license: Debit cards

3

S TA G E

S TA G E

Enable benefits administration and management Benefit and financial planning via push notifications Peer-to-peer lending

2

Full Production MVP and service provider network Cooperative purchasing Savings pilot

1

Pilot with networks in NYC Fummi verifiable digital ID Closed loop payments systems

300,000,000

30,000,000

3,000,000

300,000 30,000

11

D I S T R I B U T I O N

R O A D M A P

Distribution roadmap to have Fummi preloaded to millions of lifeline smartphones:

NYC UNDERSERVED

US UNDERBANKED

DIRECT MARKETING PARTNERSHIP

MASS MARKET

GLOBAL

Stage 2

Stage 3

Stage 4

Stage 5

5 mm app preinstalled and partnerships

Lifeline Federal Assistance Program 45 mm

Prepaid and payment services

International partnerships

Stage 1

NYC partner organizations

12

TO K E N

S A L E

Marketplace access Token: Change Protocol “Change Coin” BCC Monetary Supply Account

Ethereum ERC20 token Purchase Methods: BTC, USD Total Token Supply: 200,000,000

Exchange: 36.76% CC: 73,520,000 Price: $0.68

12:30

JS Jessica Smith 917-930-6597

04/07/91

PHONE

DATE OF BIRTH

Fundraiser Goal Minimum Raise: $5 million USD Goal: $50 million USD

Users (Airdrop) Percent of total: 39.24% CC: 78,480,000

Verify My Identity

13

D I F F E R E N T I AT I O N

Digital Identity Landscape: 1. Banqu 2. Civic 3. Cove 4. Humaniq 5. Indy

14

C O N TA C T

Thank You - Please contact us for more information: www.blockchainforchange.org [email protected] www.facebook.com/blockchain4change 
 @BCCBlockchain @blockchainforchangeofficial  https://t.me/blockchainforchange 15