Gyaan Network
Digital Identify - Gyaan Network
Gyaan Network provides an infrastructure for the products and tools offered in the ecosystem. GyaanSoulTM, Gyaan PassportTM & Gyaan VisaTM are products which will be housed in Gyaan Network.
It will have catalogue and information of all the Educational Institutions, courses offered around the world.
Information about the KYC/AML individuals and their wallets.
Details of the assets used for collateral.
Social media account details of the users to generate Gyaan Passport.
Information about various DeFi, DAO, AI integration tools.
Note: Initial KYC/AML will be verified independently by leading 3rd party vendors. Gyaan Network will only hold the results of the verification PASS/FAIL/REJECTED/PENDING etc.
Gyaan Passport™ holds DeFi Credit Score ™ - An alternative Decentralized Credit Scoring System is generated to identify, verify, and then securely storing their information of the users both borrower and lenders who successfully verified KYC & AML compliance check in order to comply with regulation and to prevent money laundering issues etc.
(Compliance & Know-Your-Customer (KYC) protocols are extensively emphasized in traditional banking systems. However, KYC rules are the company's most important compliance instrument for implementing anti-money laundering (AML) and counter-terrorist financing (CFT) measures. Likewise, KYC rules, on the other hand, frequently conflict with DeFi's privacy efforts. DeFi addresses this problem using a more recent notion known as the Know-Your-Transaction (KYT) method. This method implies that the decentralized infrastructure would be more concerned with transaction behaviours and digital addresses than with the users' identities).
KYC does not mean centralization. Gyaan Network allows trusted third parties, identity providers to perform the KYC and verify the users instead of a central entity. Once successful in verification and AML screening we whitelist the wallet address. This way, DeFi remains decentralized while boosting trust and security.
As part of generating alternative credit score 2 things are created:
GyaanSoul ™ – A unique SoulBound NFT generated and stored securely the information in a Decentralized way which is NOT transferable and
Gyaan PassportTM which is DeFi score transferable.
Trademark terms of Gyaan Ecosystem's: GyaanSoul, Gyaan Passport, Gyaan Visa & Gyaan Credit Score, GyaanPay, Gyaan Node.
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