<aside> 🌍 Our mission is to empower people socially and financially in a legal and privacy-protecting environment. We are building the infrastructure to allow our clients to borrow, invest, save and consume in a more equitable and efficient financial system.
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<aside> 🌱 We strive to create a world in which hardworking individuals with limited time and resources can use an accessible and legitimate application on the go to put their savings towards their goals - dealing with compliant, low-risk and liquid investment instruments in a peer-to-peer manner. We work towards a stringent standard to guarantee a high level of assurance and intuitive experience for all our users.
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Accessibility to traditional financial products today depends on personal creditworthiness assessed by financial intermediaries which themselves dependent on endogenous and/or exogenous causes that can affect their monetary stance. High value clients and institutions also have access to a larger range of products.
The turnover of the factoring and commercial finance industry across Europe in 2022 was over [2 Trillion Euros](https://euf.eu.com/data-statistics/annual-factoring-data.html#:~:text=Factoring turnover in Europe,71.4%25 of the total market.). This is expected to grow as as several major economies are turning to mandatory e-invoicing for all businesses. However, it is not accessible to most.
<aside> <img src="https://prod-files-secure.s3.us-west-2.amazonaws.com/d35d739b-2b98-4421-8bd1-3303e682fb58/9752d4ed-086d-4349-97a1-b8e6f2b8cfaf/platform-d-logo.svg" alt="https://prod-files-secure.s3.us-west-2.amazonaws.com/d35d739b-2b98-4421-8bd1-3303e682fb58/9752d4ed-086d-4349-97a1-b8e6f2b8cfaf/platform-d-logo.svg" width="40px" /> Platform-D is a decentralised application (dApp), implemented as an application specific blockchain. It is designed for SME owners to securitise and tokenise their electronic invoices efficiently; for savers, a way to democratise credit transmission. The investment grade security-tokens provide low risk, deposit-rate-plus yield for retail & institutional investors.
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Many of today’s advanced decentralised applications are permissionless, but does not mean they are accessible. The skills required to operate in a largely unfriendly and unregulated environment are often acquired by privileged individuals with time and appetite for risks.
To facilitate retail and institutional investors to utilise Platform-D (and other dApps), we have designed and are building Vectis - a compliant non-custodial asset and Self-sovereign Identity (SSI) wallet. It is the intuitive interface that allows our users to borrow, invest, save and consume in a decentralised financial system. It channels compliance in a privacy preserving and user protecting way to transact and interoperate between Platform-D, other dApps and traditional financial services.
<aside> <img src="https://prod-files-secure.s3.us-west-2.amazonaws.com/d35d739b-2b98-4421-8bd1-3303e682fb58/596d8d04-49cf-4767-ab68-be078e6b83c3/VectisLogoDark.png" alt="https://prod-files-secure.s3.us-west-2.amazonaws.com/d35d739b-2b98-4421-8bd1-3303e682fb58/596d8d04-49cf-4767-ab68-be078e6b83c3/VectisLogoDark.png" width="40px" /> Vectis is an advanced non-custodial asset and SSI wallet designed to improve user experience and protection with account abstraction. It is seedless, extensionless and supports add-on features (account recovery, automated authorised transactions, etc). Together with client side credential storage and management, it channels compliance for Platform-D and other compliant dApps across different blockchains.
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Many jurisdictions are moving to digital identity solutions, for example, the EU with its ~450mil residents, will be equipped with an European Digital Identity Wallet (EUDI Wallet) in the near future under the eIDAS regulation to securely access online services. Verifiable credentials are already being issued for students by some institutions.
For dApps including many Decentralise Financial (DeFi) products, identification of users identity and assets are largely linked to onchain addresses which is public, easily traceable and not practical as a compliant identifier. Platform-D operates with verifiable credentials issued by qualified issuers (who may also revoke such credentials) to decouple the responsibility of compliance check during onboarding and continuous usage with the focus on low-risk securities product provision.
<aside> <img src="https://prod-files-secure.s3.us-west-2.amazonaws.com/d35d739b-2b98-4421-8bd1-3303e682fb58/9347abf8-d541-48bf-9f15-8a6f46be332f/gayadeed_3.png" alt="https://prod-files-secure.s3.us-west-2.amazonaws.com/d35d739b-2b98-4421-8bd1-3303e682fb58/9347abf8-d541-48bf-9f15-8a6f46be332f/gayadeed_3.png" width="40px" /> Gayadeed is a Nymlab fully operating subsidiary in production to support legally eIDAS binding (Advanced and Qualified) electronic signature between parties. By integrating with SSI protocols, it will streamline on-boarding procedures for Platform-D (and other decentralised regulatory-grade applications).
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Centralisation can lead to aversion to innovation and, ultimately, lower system sustainability. All organisations go through lifecycles. At each stage, impactful decisions are made by a small group of individuals based on their priorities.
The decentralised and incentivised governance around a project or a product allows for lasting contribution by any interested parties; this delivers organic innovation and system sustainability.
<aside> <img src="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/9fa8033f-51fb-45c7-acc1-8850523cf640/nymlab_icon.png" alt="https://s3-us-west-2.amazonaws.com/secure.notion-static.com/9fa8033f-51fb-45c7-acc1-8850523cf640/nymlab_icon.png" width="40px" /> Nymlab is structured and operates as a partnership. We are committed to ensure that the innovation in the way we work, the legal and regulatory frameworks that we contribute to, and the software we build facilitates progressive decentralisation as soon as regulation becomes available.
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If you're excited about the possibilities of decentralised technology and want to be a part of a team working towards creating a more equitable and efficient system, we invite you to join us. Whether you're a developer, user experience or business professional, or you feel passionate and motivated by our mission, we would love to hear from you.
At our company, you'll have the opportunity to work on cutting-edge projects that will have lasting impact in the technology, regulatory and social landscapes. We value talent, creativity and integrity, we trust each other to decide where we work best, what to spend time on and our abilities to learn from a wide range of knowledge domains needed to deliver our mission to the communities we serve.
Visit: nymlab.it
