[Proposal] Solipay // Unleash Massive, Unique, & Ethically-Sourced Consumer Data to Ocean Market

Dear Ocean DAO,

On behalf of Solipay, thank you for your time and consideration. Our organization is on a mission to bring financial transparency to the world of personal data. There is an estimated $227 billion-a-year spent in this economy, yet the people who generate the data being monetized have near zero autonomy in this market. Recognizing a global problem that can be solved with disruptive innovation, Solipay is building the technology necessary to empower individuals to control, visualize, and monetize their information – because you own your data.

Our Team has studied, researched, and taught computer science at Columbia University, built software at major public and private institutions including NASA and IBM, as well as launched a digital asset trading platform acquired by Genesis Trading of Digital Currency Group, the New York City based cryptocurrency conglomerate.

We are seeking our first Ocean DAO grant in order to accelerate our mission by partnering with the broader Ocean ecosystem. Specifically: we plan to unleash Solipay’s unique, massive fully opted-in, and privacy compliant personal data to the Ocean Market, driving serious volumes of data purchases that will catalyze return on investment far beyond our proposed grant. Generally: we are an aligned organization that is seeking a long-term collaborative partnership with Ocean and is looking forward to future mutually beneficial success.

Key Project Data

  • Name: Solipay
  • Website: www.solipay.tech
  • Wallet: 0x748C597E4cD11D6514DBF76EfE458Db290aa4b3d
  • Country: USA
  • Email: info@solipay.tech
  • Twitter: SolipayTech
  • Proposal: Unleash Solipay’s unique, massive fully opted-in, and privacy compliant personal data to the Ocean Market.
  • Category: unleash data.
  • Funding: 27.200 OCEAN
  • Remaining: 0
  • First Grant: Yes

Project Overview

  • Description: The value of an individual consumer’s data footprint is rising exponentially as the amount of data an individual creates every day increases and as privacy legislation prevents tech giants from extracting this valuable data. Solipay has developed a software platform that lets consumers easily share their entire data footprint and monetize that data on select, high-quality data marketplaces. To date, over forty thousand people from over one hundred eighty countries have shared over fifty million data records with Solipay, and by partnering with Ocean, we want to let them get paid in OCEAN for their data through a data unleashing partnership with the Ocean DAO.
  • Problem: Ocean Market needs more data publishers publishing data on the marketplace. This will result in more data bought and consumed, and an ensuing increase in the price of $ Datatoken Consuming Volume. We further outline the value of Solipay’s solution in the ROI section later in this proposal.
  • Product: A new listing on the Ocean datamarket that uniquely allows individual consumers to download Solipay, opt in to share data, then get paid in OCEAN for sharing their data with our synergistic platform integration.
  • Value:
    • Bang: 200.000 OCEAN. This is our target positive impact on the OCEAN network. Since we will be launching a new data listing on the Ocean Market, the price of our datatoken * the no. consumes of that datatoken will be increases in OCEAN datatoken consuming volume. Combining this value with network revenue and TVL will allow Solipay to drive fundamental value to Ocean. For now we are not considering secondary fundamental factors or other metrics, however we believe that the broader Solipay ecosystem will drive fantastic synergies with Ocean and continually add strong and consistent value to Ocean.
    • Buck: 27.200 OCEAN. Our data publishing model is sustainable so we believe the maximum grant available will be the most appropriate first step towards accelerating a partnership between Solipay and Ocean.
    • Chance: 25% by 6 months, 50% by 12 months, and 75% by 18 months.
    • ROI: 1.8 by 6 months, 3.6 by 12 months, 5.4 by 18 months

Project Deliverables:

  • Category: Solipay Data will be made available on Ocean Market.
  • Roadmap:
    • Prior work: Over forty thousand people from over one hundred eighty countries have shared over fifty million data records with Solipay. This is the data we already have which we will be unleashing on Ocean Market via Ocean DAO.
    • Roadmap: 1 month for listing data, then marketing Solipay’s listing in future months. The milestones will be public listing, 50.000 OCEAN bang, 100.000 OCEAN bang, and 200.000 OCEAN bang. If we reach an ROI of 1 faster than expected, then the milestones can be accelerated by future grant applications.
    • Future:
      • Maintenance: We will do standard maintenance on our data feed. We have run similar data feeds in other marketplaces and have expertise in ensuring that we are able to consistently send our data to Ocean.
      • Additions: We recently began deploying Solidity smart contracts on various Ethereum networks such as Mainnet and BSC. As our token, Solicoin, develops further, perhaps we could integrate smart contracts with Ocean. However, that would be addressed in future collaborations.

Project Details:

  • Software:
    • Please explore our website www.solipay.tech which has our company overview as well as links to our iOS App, Android App, Chrome Extension, and Databuyer Website. We would be honored to have you download our app and get a feel for our existing user experience: this is an interface that we have designed, built, re-designed, re-built, and are constantly seeking user feedback for future iterations, so please feel free to let us know what you think about our product.
    • Tech stack: React Native for iOS, Android, and Chrome, Google Cloud Platform products including Bigtable, Bigquery, Object Storage, and Kubernetes Engine, AWS products including S3, Languages such as Python, Solidity, and Rust, Web Frameworks of React and Vue, as well as Design using Figma, Adobe XD, and other prototyping tools. We are constantly evolving the Solipay Software System.
  • Community:
    • Social media: Solipay has generated millions of views across TikTok and Instagram, which are our primary funnels for generating new data providers. We plan to continue partnering with data privacy influencers on these platforms to spread our message surrounding data justice and transparency for individuals.
    • Data buyers: We plan to engage with conferences spanning academia, marketing, blockchain, and other verticals where key industry executives go to purchase data. By listing our data on Ocean, these communities will be able to source Solipay data directly from the Ocean Market, hence the value proposition of our proposed partnership between Solipay and the broader Ocean ecosystem.

Team Members:

  • Eric Linssen
  • Neeraj Ramachandran
    • https://www.linkedin.com/in/neeraj-ramachandran/
    • Summa Cum Laude Graduate in Computer Science and Linguistics from Columbia College at Columbia University in the City of New York
    • Professional software engineer and UI/UX designer with experience in applying natural language processing to massive datasets of complex corpuses
  • Max Kollmorgen
  • Kwabena Ayim-Aboagye
    • https://www.linkedin.com/in/kwabena-ayim-aboagye-cc/
    • Graduate in Computer Science and Music from Columbia College at Columbia University in the City of New York
    • Business operations specialist focusing on developing partnerships between Solipay and like minded data marketplaces seeking novel datasets
  • Alexander Nicita
    • https://www.linkedin.com/in/alexander-nicita/
    • Graduate in Computer Science from Columbia College at Columbia University in the City of New York
    • Founder of Solipay with experience at NASA JPL, IBM Research Headquarters, and Qu Capital, acquired by Genesis Trading of Digital Currency Group. Previously conducted cryptography research at the Columbia Cryptography Lab.
  • Others
    • We have various additional contributors to Solipay’s proprietary software systems. These include people who have contributed to the firms of Google, Stripe, Facebook, Robinhood, Deutsche Bank, and other leading-edge technology and financial institutions. Our software systems are secured with state of the art cryptography, including TLS, AES, and encryption that preserves structure during computation. We believe that Solipay’s software can be a strong force for bridging consumers to Ocean, thereby unleashing immensely valuable data to the Ocean Market, driving consistent value for the Ocean DAO.

Again, thank you for your time and consideration. Here at Solipay, we believe that we are just beginning to bring radical innovation to the world of personal data, and by partnering with Ocean, we will be able to achieve our mission and drive sustainable growth for Ocean. Let us know if you have any questions and we will be more than happy to answer promptly. Cheers.

5 Likes

First of all, great proposal! We are definitely in a time where data should be controlled by its owner, and remunerated for its use.
I’m curious to know more about how this works. From what I’ve understood, Solipay stores owner uploaded data on their servers and uploads said data on various marketplaces, in turn generating profit for the data owner. In this case, on Ocean Protocol Markeplace.
In Solipay’s future, is there a way owners choose where their data is put up for sale? And if data is sensitive, how is it being stored securely on behalf of the owner, or is this kind of data not being included? Thanks!

Great to hear that we are aligned on vision for modern data ownership, your understanding of how Solipay functions is precisely correct, and we are happy to answer your questions.

We are constantly working on new methodologies for providing Solipay users the ability to decide where their data is listed. Currently, we have a mechanism for users to accept “offers” from businesses that would like to source their data by requesting the consumer – this is what we perceive to be a new standard for consumer respect during enterprise data acquisition. Over time, we can work to integrate our Ocean listing into this novel offer mechanism, perhaps in future grant proposals.

In terms of secure storing, we address this a bit in our proposal, specifically the paragraph that mentions TLS, AES, and encryption that preserves structure during computation. These are all industry standard encryption practices, with a mix of custom cipher implementations as well as Google Cloud provided encryption at rest methodologies which are outlined here: https://cloud.google.com/security/encryption/default-encryption. Our team has experience with more advanced security techniques including but not limited to Zero Knowledge Proofs, Homomorphic Encryption, Intel SGX, MPC, and other techniques which we are aiming to integrate to the Solipay Software System.

Overall, we are working to bridge consumers to the data economy, providing individuals with the autonomy necessary for monetizing their valuable information. By collaborating with the highest quality of data marketplaces, such as through an Ocean DAO grant, we believe we can usher in a new wave of privacy for consumers as well as value for the Ocean Market.