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Beneficiary:(100K USDC)
Requested:100K USDC
Rejected
Untitled Post
a year ago
This is a ReferendumV2 post. It can only be edited by the proposer of the post .
Comments (1)
Confirmation Period
3
of 3Decision Period
28 / 28 days
Confirmation Period
0 / 4 days
Summary
0%
Aye
0%
Nay
Aye (23)0.0 DOT
Support0.0 DOT
Nay (79)0.0 DOT
Voting Data
Approval%
Support%
Threshold0.00%
Threshold0.00%
In accordance to our cohort 3 application, we have decided to take a look at user facing applications funded by Polkadot in a more positive light and we feel inclined to be more supportive of end user applications.
However for this referendum, additional details about this process and the actual deliveries are needed. In it's current form it is impossible to determine what concrete regions within Latin America this KYC solution will be used. A broad spectrum of possible users as: "200 lawyers focused on civil and digital rights across Latam, it will be used by the International Telecommunication Union, and an specialized fintech university with high rank students from many industries and companies." leaves too much room for interpretation. Latin America doesn't have a common market unlike the EU which is why this question becomes relevant.
Moreover, the target of potential users, remains limited to what other competing KYC products like zk.me and others offer which not only offer their services to off-chain audiences but also to on-chain products. It is great to see a localized market offering as local players are the best to know about the local ecosystem but this seems like the target audience / clientele has not been properly defined.
Hopefully we get to see a better funneled way and convincing argument for why this KYC solution will be a good application but for the time being we will remain NAY.