The growing compliance, and new regulations mandate enterprises to be accountable for identity information or pay upto 4% of revenue as penalty.
i2Chain's platform secures identity information across domain(s), enterprise(s) & cloud(s). i2Chain provides a fundamentally disruptive platform leveraging blockchain technology to effectively protect content through its creation, use, expiration, and destruction life cycle while remaining essentially transparent to the user.
In doing so, i2Chain is the only platform that can harvest real time forensics of information transacted.
Current Status
- Agreement with Forbes 100 digital company to drive $4.5M ARR in 3 years - Pilot with leading Mortgage Bank that has 400+ partners ongoing - Pilot with a leading healthcare group with 23M subscribers being scheduled - Pilot with Big4 audit firm in advanced conversation - Additional pilots in pipeline with financial capital markets, treasure and asset management companies.
Market
TAM (in USA): 23.6B growing at 41%CAGR last 5 years
Financial SOM (USA market only):
- Who: Mortgage bankers, Investment bankers, treasury's, capital markets
- Around 2.2M prospective users of i2Chain in top 50 USA enterprises
- Estimated SOM: $2B
Healthcare SOM (USA market only):
- Who: Payers and providers
- Around 2M prospective users of i2Chain in top 25 enterprises
- Estimated SOM: $2B
Problem or Opportunity
GDPR and privacy laws ask that enterprises MUST be accountable for PII (personally identifiable information) or pay up to 4% of top-line/ revenue as penalty.
99% of the enterprises unable to securely share and transact PII internally or externally.
Solution (product or service)
i2Chain's platform secures information across domain(s), enterprise(s) & cloud(s).
i2Chain provides a fundamentally disruptive platform leveraging blockchain technology to effectively protect content through its creation, use, expiration, and destruction life cycle while remaining essentially transparent to the user.
i2Chain is the only platform that can harvest real time forensics of information transacted.
Competitors
Traditional providers, for example Microsoft, Oracle, Computer Associates, Cisco, Splunk, Symantec, Verisign, VMware and others.
Newer platforms, e.g. Civic, LifeID, Blockstack, IOTA, Vera Security, Ionic, and others.
Advantages or differentiators
1) 1-Click Platform that secures information across any device, any time, any where
2) Securely share & transact information across enterprise(s), cloud(s), domain(s)
3) Proprietary digital contracts allow ease of information classification - read only, Collaborate, Approve, eSign.
4) Track information - harvestable real time immutable evidence quality forensics.
5) Storage agnostic. Choice of source or destination with user - Pen drive, Hard-disk, GDrive, one drive etc.
- Freemium Per month per user subscription fee
- Pro license: $15/month/ user
- Enterprise License: $25/ month/ per user
- Optional (Planned early 2020)
a) Concierge : Annual charge or per file charge secured by i2Chain vault or Charge per transaction
b) Enterprise or site license: 10K users per site or per enterprise.
Royalty (Planned 2020 Mid)
- Service provider royalty
- Node on the Chain royalty
Money will be spent on
40 % of the money designated for Go to Market, Business development and product management
60% of the money designated for pilots and to progress engineering
Offer for investor
Seeking seed fund of - $1.8M to deliver $1M ARR in 9 months
a) Require engineering talent in Cybersecurity, heuristics and distributed ledger technologies.
b) Deployment at the core of enterprise operations like Origination operations.
c) investments to future proof and advance cryptography, make rights management adaptive and build enterprise grade consensus mechanisms.
Incubation/Acceleration programs accomplishment
Incubated and vested interest of University of California Santa Cruz (UCSC).
Selected by corporates (under cybersecurity cohort) of Plug N Play Accelerator
IIT Startups incubator program
Won the competition and other awards
a)
Top 20 Blockchain based solution providers, CIOReview, 2018
b)
Nominated for Top 20 Cybersecurity based solution providers, CIOReview, 2019
Invention/Patent
a) Maintain and preserve security of, and enforced rights for the last mile
b) Decentralized key orchestration mechanism as information cascades
c) Durable chains