Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Anshul Nanda
Amount Asked: $100,000
Status: Rejected

Sonr

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Sonr is a peer-to-peer identity verification and asset management system that leverages DID documents, Webauthn, and IPFS — providing users with a secure, user-friendly way to manage their digital identity and assets. Sonr is a pioneering company focused on using a fusion of advanced technologies like Cosmos blockchain, libp2p, IPFS, WebAuthn, and DIDs. The core concept revolves around utilizing Multi-Party Computation to generate wallets and associate credential sharing information with DID documents stored on-chain. This process enables users to manage their digital assets with seamless access using PassKeys. Our interface is designed with a strong emphasis on security, ease of use, and aesthetic appeal, granting clients self-custody and verified digital identity. As we progress, Sonr aims to become the global standard for digital identity, bridging the gap between complex cryptographic processes and user-friendly web experiences.

Sonr operates on a sophisticated underlying infrastructure that enables its complex processes to function seamlessly. Central to this is the Elliptic Curve Integrated Encryption Scheme (ECIES), which provides a robust security mechanism for managing shards generated through multi-party computation (MPC), which are then securely stored on the InterPlanetary File System (IPFS). This ensures the secure and efficient storage and retrieval of data, a crucial aspect of the Sonr network’s functionality. Moreover, Sonr’s infrastructure is transport agnostic, meaning it can function effectively over a variety of network protocols including TCP, UDP, QUIC, WebSocket, and gRPC. This flexibility allows for broad interoperability and enhances the robustness of the network, enabling seamless communication regardless of the underlying transport mechanism. Further, Sonr’s network is uniquely embedded with hardware peripherals with networking capabilities, which allows for an added layer of connectivity and functionality. This advanced and adaptable infrastructure is a key enabler of Sonr’s capabilities, providing a secure, efficient, and versatile foundation for its operations.

Sonr has consistently set new milestones in performance and functionality, especially over the past 4-5 months. A key achievement is the drastic reduction of execution time in our multi-party computation algorithm, making our platform 180x faster. With execution time dropping from approximately 40 seconds to less than 2 seconds in all tests, we have markedly improved the user experience. Our secure IPFS storage solution can handle over 150 million encryption parameters, providing robust security for users’ data. We have significantly enhanced web support through the integration of libp2p over gRPC, HTTP, and WebTransport, expanding the versatility and accessibility of our platform. Adding to our list of achievements, we have recently incorporated support for Bitcoin, Ethereum, and Filecoin wallet generation. This latest milestone means that users can now manage a wider range of digital assets within the Sonr ecosystem, making our platform even more useful and adaptable for our growing user base.

Existing mechanisms for user identity with their lack of standardization have led to faulty solutions that source information from closed third-party sources. By introducing a new peer-to-peer network we solve this issue at the point of the device and leverage a blockchain system to verify User claims. Sonr provides the utility of managing crypto assets, private identifiable information, and application specific data while having full W3C Decentralized Identifier compliance.

Team: Anshul Nanda
Current Status: Rejected
Funding Program: Regular Grants
Funding Category: R&D

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $100,000

Date Applied: May 16, 2023
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Jun 06, 2023 (3 weeks)

Latest Approved Funding

Venture Investment 3
In Progress

Venture Investment 3

Team: [to be announced]
Agreed: Aug 28, 2024
Invested: $100,000
DRIP Module
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DRIP Module

Team: Daniel Harapko
Approved: Aug 28, 2024
Amount: $246,154
ATOM Hacker House – Barcelona 2024
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Team: Web3Family
Approved: Aug 23, 2024
Amount: $40,000
Drops: Cosmos Hub User Engagement Campaign
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Team: Drops
Approved: Aug 16, 2024
Amount: $7,500