2019 https://youtu.be/VEju2Md3u-c Market Opportunity Financial - - PowerPoint PPT Presentation

2019

https://youtu.be/VEju2Md3u-c

Market Opportunity

Financial services for half the planet

Users

1.1 Billion 2.6 Billion 375M 5 Billion

Without identity Without bank accounts Unbanked due to no KYC Without smartphone

Market size $Trillions $500 Billion $5-10 Trillion $Billions

Cash transfer Remittances Financial services ID verification

EverWallet: Virtual account/wallet on-device & cloud Store & send “money” and documents

Fintech Platform for Emerging Markets

EverChain: Ledger Process billions of cryptographically signed transactions EverID: Govt. + biometric + 3rd party identity 
 with KYC/AML for users and businesses w/ doc storage

All value transfer: Payments, Cash transfer, Micro-finance, Remittance, Insurance

“Digital Identity on the blockchain is a gateway to all use cases…” 
 – Asian Development Bank Users Bank NGO Government Land Business Insurance Hospital Users

Value Transfer

Unique Value

Everest is the world’s only platform to integrate: Transactions Identity Biometrics Stable token Device-free wallet

Stellar OmiseGo Ripple Hyperledger/Sovrin Civic, Selfkey, Uport

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Network + Protocol: scalable & neutral User-owned data Gov’ts, Banks, NGOs, Orgs Send money Stable Currency

Smart Contract platform: orgs + users, any value exchange

Biometrics form core of identity Validated or Gov’t ID integrated 3rd party Attention (non-gov’t. accounts) Does NOT require user to have a phone Selective Sharing Crypto Wallet Document storage & mgmt.

In progress

Traction and Partners

• Patent-pending two-chain solution integrates both Identity (biometrics,KYC/AML) and Transactions

(payments, money, vouchers)


• On-boarding users with the largest bank in Indonesia, BRI, and Government of Indonesia in Feb.
• Won ADB contract to supply KYC/AML + eWallets for Samoa; MTOs to ride on Everest platform to

transfer $200M per year. Integration with central bank’s national ID database.

• Recognized as a leading fintech to “bank the unbanked” and identity provider by New America, UN
• rgs, ID2020.
• Regulatory approval to accept deposits, send “money” and trade on own behalf (i.e. remittances)

Cash Transfer

Beneficiary biometrically verifies ID. Money delivered.

5

Admin

Admin Console

Org leader sends digital voucher in a smart-contract.

3

Digital voucher sent to Beneficiary

4

EverChain Beneficiary

1

Agent registers identity w/ digital wallet & doc storage

2

User’s Phone Node EverID + EverWallet

100% verification money delivered to correct person

Cash transfer: Case Study

BRI bank and the Government of Indonesia using Everest platform to distribute energy subsidies to individuals, improving efficiency, ensuring delivery and making targeting more precise

Redemption Flow

Delivering subsidies for large orgs: $7 billion to 50M users at scale - Press link

Cross-border

Sender registers ID w/ KYC, AML, etc. Buys CRDTs

1

Sell CRDTs. Leverage for currency

• exchange. Exchanges CRDTs w/

partners/agents/banks.

Sender

EverID + EverWallet

2

Recipient receives CRDTs. Registers ID w/ KYC, AML, etc. a) save b) exchanges for fiat c) exchange for mobile data d) spend w/ local merchant

Recipient

3

Sender transfers CRDTs to Recipient EverChain

4

Bank CRDTs are converted to local fiat. Everest works with partner to buy/redeem CRDTs. Save or convert to mobile data Merchant

Send money to anyone, legally compliant

Micro-finance

Automated & mobile contract administration Verified & traceable identity Conditional loans to only be used for intended purposes by the registered recipient

Request for services or credit ID Registration & Verification, plus contract admin Service or Credit Approval Allocate Token w/ “conditional spending” (i.e. only fertilizer or equipment) Transfer “conditional Tokens” for fertilizer

• r tokens

Token redeemed through Allianz Bank

1 2 3 4 5 6

ID + Transaction Processing EverID Bank Allianz SMEs Enterprise

Conditional loans + Traceability = Higher Collections

1 2 3 4 5 6

Payments, Payroll

Biz tells bank to pay employee, supplier, etc.

1

Agent scans Recipient. Exchanges voucher for cash

4

Small Business (SME) Bank Agent

Voucher redeemed for cash by Agent with Bank. Secure, Transparent.

2

Debits SME accounts, and credits w/ vouchers to employees, suppliers, etc.

3

Recipient

Any human being can receive payment, with or without a device

5

Increase users/market AND offer new services

EverChain EverID + EverWallet EverChain EverChain

Problems-Solutions

Basic financial services are currently unavailable to over half of the world’s population. The
 Everest platform empowers institutions to securely, transparently and verifiably transfer value to all people
 with or without a device. Users are able to protect their privacy and elevate themselves into the digital economy.

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Current Problem

Fraud & leakage Verification Reach Data & money Privacy Cost

Key Questions Everest Solution

How much is stolen or lost in friction? Mis-reported? 25-50% ? Who is really sending/receiving the money? Are they who claim (gender, age, etc.)? How to reach 5 billion non-smartphone users? How is money spent? When does org get data? Who owns the data? Cost-effective enough to bank, insure, etc? Cash transfer: ID chain + Transaction chain. 100% verification of funds sent to right person Biometrics + Gov’t IDs + 3rd party + Documents Webcam, fingerprint reader, app; cloud wallet Tokenized, conditional, tracked «money» User-owned (more than “self-sovereign”) Frictionless, no device reqs., docs + wallet

• features. Fraction of a penny.

Revenue Sources

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ID Verification (all services require): Banks, govts, hospitals, NGOs, etc. pay for ID verification Cash Transfer: Institutions pay for money delivery & account mgmt. i.e.: save 25-50% of trillions of dollars of “leakage”, and earns % of

• savings. Org pays for sending $$ to users.

Remittances & Payments: Orgs and users pay for money sending & tracking i.e.: Most cost-effective remittance solution (integrated KYC + Sending) i.e.: payroll, P2P money sending Micro-finance and eBanking: Micro-finance operators, mid-tier banks & users pay for Everest platform (loans & financial services) i.e.: extend reach to billions of users, reduces fraud, increase collections & establishes credit scoring. Can accept deposits to perform services.

Bob Reid CEO

GM, BitTorrent, Partner Kai Labs (blockchain consultancy), CEO & Co-founder VelocityBits, Strategy & Biz Dev DivX, CEO Skyclix, leads teams, 2 IPOs, 2 acquisitions

Brad Witteman CPO

Senior Product positions BitTorrent & Emergent (DAOstack) Chief Product, Moby (blockchain DAPP for health), Sr. Dir Product, DivX, CTO Skyclix

Everest is led by an experienced team with multiple successful 
 IPOs / acquisitions, with startup and blockchain projects behind them

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Gautam Ramnath Partnerships


Consultant to Gates Foundation, Biz Dev at Global Alliance for
 Improved Nutrition, VP Ops at
 Millennium Challenge, Project 
 Director at US State Dep’t, Tunisia

Mike Kail CTO 



 CIO and SVP of Infrastructure of Yahoo!, VP of IT OPs of Netflix. 25+ years of technology executive leadership with specialties in security & network infrastructure, cloud architecture.

Team

We’re also supported by a network of global financial institutions and identity verification experts

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• Pres. Toomas Hendrik

Former President Estonia


 Led sovereign govt. deployment

• f social services on a blockchain,

with data exchange between multiple agencies

Atsushi Taira Managing Director at Mistletoe

Representative Director, Chief Growth Officer, Mistletoe, SVP

• f Softbank, CEO of Softbank Bharti,

Fox, etc.

• Amb. Jamal Khokhar
• Pres. & CEO Institute
• f the Americas

Chief of Staff at the Inter-American Development Bank (IDB), Department of Outreach and Partnerships

Aya Miyaguchi Executive Director Ethereum Foundation

Leads Ethereum’s day to day

• perations. Managing Director,

Kraken, Founder Japan Blockchain Association.

Advisors

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• Dr. Virgil Griffith

Ethereum Foundation Co-author of Casper


CTO, Backbone Technologies, OnionLink Santa Fe Institute Lead Dev, Toroken cryptocurrency CalTech

Jordan Greenhall Founder 
 & CEO Neurohacker

Founder & CEO of DivX, SVP

• f MP3.com, Santa Fe Institute,

Harvard Law

Chris Willson Founder Water and Healthcare Foundation


Specialties: Cambodia, strategic alliances, philanthropy, water and health related social enterprise

Wilson Choi Founder FundV & Beam Capital


Investor in 4 exchanges, including Quoine, EXX, SuperCoin & others. ex- HSBC derivatives dealer

Advisors

Greg Horowitt Venture Capitalist 
 T2 Venture

Global Connect at UCSD, Stanford Berkshire Hathaway, Innovation Ecosystem Architect, Author

• f “The Rainforest”

Thank You bob@everest.org

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