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author title date
Noah Jones
Certificate of Deposit Token
2021-08-08

Certificate of Deposit Token

Document your use case if not already done so

Banks should be able to verify the credentials of account holders (especially large accounts). The Oracle needs to be able to verify the credentials of the NCUA and FDIC.

What type of solution do you want to build on PRISM

What vertical interests you?

What type of credentials will be issued?

Who is the Holder? What is the value of the credential to the holder?

Who will be the Issuer / Who will the Verifier

Compliance

Reporting

  1. Securities and Exchange Comission (SEC)

Security

According to an arcticwolf blog article, these are some sources of regulatory requirements:

  1. The Sarbanes-Oxley Act (SOX)
  2. Gramm-Leach-Bliley Act (GLBA)
  3. Payment Card Industry Data Security Standard (PCI DSS)
  4. guidelines of the Federal Financial Institutions Examination Council (FFIEC)

Plan

  1. Meeting
  2. Proposal
  3. Product
  4. Execution Plan

Progress

Tasks

  • I need an LLC and a business card.
  • Flesh out section involving regulatory requirements

Log

20210730104931NJ I just received phenominal feedback. The credit union wants me to come back as soon as I have a working version. Meeting: This went very well. They are open to the idea. The union has not started to partake in crypto yet. Mary said that she is looking forward to when I can provide a demonstration. I need an LLC and a business card.

20210730110222NJ I fleshed out the plan.

20210808122447NJ Did some re-organizing.

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