Impact Statement

Before the initiation of this project, the Tonomy Foundation deemed it imperative to establish both internally and externally the feasibility and sufficiency of its expertise in developing the technologies delineated in this White Paper. This objective has constituted a principal focus of the Foundation over the past eighteen months.

One of the most important and intricate components of Tonomy is its identity system. The Foundation has successfully developed Tonomy ID, a comprehensive and production operational system. This system encompasses a fully non-custodial wallet capable of signing data, including smart contract transactions and W3C Verifiable Credentials and DIDComm messages. It facilitates the storage and sharing of private data. Remarkably, the Tonomy ID maintains stringent security measures while offering an experience akin to mainstream Web2 interfaces. This product, having recently been introduced to the market, is garnering favourable responses from our clientele. Try using Tonomy ID here.

In this venture, the Tonomy Foundation has significantly contributed to the World Wide Web Consortium (W3C) decentralised Identity ecosystem. Through collaboration with the W3C Credentials Community Group and the decentralised Identity Foundation, the Foundation has substantially developed the did-jwt and did-jwt-vc, facilitating multi-party and delegated signatures. These technologies, the most utilised libraries in DID technologies with an upward trend of 40,000 weekly downloads, are poised for widespread adoption within the EU digital identity wallet framework and various national identity programs. These developments utilise the W3C CCG standard, co-authored by Tonomy founder Jack Tanner, which introduces the "Conditional Proofs" which extends the Decentralised Identifier standard enabling multi-party and delegated signatures. Further details can be found at W3C CCG Conditional Proofs standard.

Additionally, the Tonomy Foundation has been instrumental in establishing the Telos Network, serving as one of its launching nodes. This engagement has provided critical insights into the core consensus model, which will be substantially modified to forge a democratic-enabled blockchain. Our research and development in governance have demonstrated the adaptability of the core protocol in supporting diverse governance models, including democratic, proof of share, proof of stake, and direct or representative frameworks. More information can be found at EOSIO Governance Contracts.

The Tonomy Participate project, a proof of concept delivered for the city of The Hague as a participatory budgeting tool, has been another significant achievement. This project secured the second prize at the Odyssee hackathon, followed by engagement from the Hague government.

In conclusion, our team possesses the requisite technical expertise and the operational capability to implement and develop the technologies specified in this White Paper.

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