Introducing D/Wallet, The Firsts EBSI-Conformant Wallet Revolutionizing Decentralized Finance
Greetings world! We at Desmo Labs are proud to introduce D/Wallet — an innovative application that uniquely integrates accessibility, compliance, security, and scalability, set to revolutionize the realm of decentralized finance. Far from the norm of traditional digital wallets, D/Wallet offers private access control founded on self-sovereign identity, specifically engineered for decentralized and trust-minimized ecosystems.
At its heart, D/Wallet is a digital wallet meticulously crafted for the end-user.
Why does D/Wallet matter, and how does it seamlessly integrate with Source.ID?
In today’s increasingly digital world, the demand for compliant, secure, and privacy-focused tools is more critical than ever. To address this, solutions based on deep technology have been proposed to redress these challenges while harmonizing compliance requirements and scalability needs of financial service providers. Nonetheless, according to our case studies and insights derived from interviews, a significant roadblock to the widespread adoption of Distributed Ledger Technology (DLT) appears to be the absence of applications that substantially prioritize a human-centric, end-user experience. In essence, the genuine needs of users seem to be neglected.
D/Wallet emerges as an innovative solution, engineered to streamline the onboarding process and Know-Your-Customer (KYC) procedures. This is achieved by incorporating advanced technologies like Distributed Ledger Technology (DLT) and Decentralized Identifiers (DIDs). Simultaneously, it guarantees the highest levels of security and privacy. Furthermore, D/Wallet is seamlessly integrated with the W3C DIDs-based Source.ID solution, offering a built-in KYC and Know-Your-Business (KYB) portal for the comprehensive management of digital identities and multi-class digital assets. This effective combination addresses and resolves issues related to credit assumptions and notarization, further enhancing the functionality and value of D/Wallet in today’s digital landscape.
D/Wallet incorporates all the key features commonly associated with traditional digital wallets: self-custody, Ethereum Virtual Machine (EVM) compatibility, social recovery schemes, batched transactions, adjustable spending limits, and multi-tiered account access levels. However, D/Wallet does not stop there. To enhance user-friendliness, it includes payment options in both ERC-20 tokens and fiat money. Simultaneously, users are not required to pay gas fees due to our innovative application of delegated transaction technology. Most importantly, with regards to regulatory needs, it stands as the first fully compliant digital wallet.
Please continue reading to delve deeper into the transformative world of D/Wallet.
Designed for Web3 Mass-Adoption
D/Wallet has been specifically built for interaction with DeFi, dApps, and Web3. It offers private access control, authentication, authorization, and signing capabilities. These functionalities extend to encompass a multitude of real-world applications, such as financial supply chains, decentralized voting systems, decentralized ID verification, interoperability with DID, and verifiable credentials standards from W3C.
A User-Centric Solution
Through its cutting-edge technology, D/Wallet ensures a smooth user experience, eliminating common issues related to using blockchain-based applications. Our vision is to develop a user-centric application suite that can make Open Legal Technology (OLT) accessible to everyone, eliminating complexity while preserving security and privacy.
A Compliant Wallet
D/Wallet stands out in the crypto space as a non-custodial wallet that integrates legal identities, social credentials, and private keys, making it compatible with any type of regulation or tokenized asset or service type. In case of data loss, it provides a decentralized index to recover lost private keys or DIDs.
Compatibility with Existing Financial and Legal Systems
At D/Wallet, we respect the need for adherence to existing regulations. Our technology supports legal identity and banking transactions, providing a smooth and user-friendly experience.
Traditional financial service providers often rely on manual labor to fulfill compliance requirements and orchestrate Over-the-Counter (OTC) deals. Although this established system functions efficiently internally, it heavily relies on the expertise of professional individuals. With the advent of D/Wallet, this challenge will become a concern of the past.
Gateway to the Indexed Network
Finally, D/Wallet is your gateway to the D/Bond index portfolio, connecting end-users to a network of companies, products, and services.
In a nutshell, D/Wallet combines accessibility, compliance, security, and scalability in a unique proposition set to transform your experience with digital assets and decentralized finance.
Get ready for the future of finance with D/Wallet!
