1. JP Morgan spends $500 million per year on cyber security
JP Morgan spends $500 million per year on cyber security! Your idea is highly feasible. The next step is to figure out the specifics of how this blockchain works. You refer to “the blockchain” but need to be more specific. Overall very nice. 87/100

2. Anna Cottone, Scott Covington, Emma Pham, Tailai Zhang

3. $65.5 Billion 6.2% CAGR $11 Billion Cybersecurity Market
Cumulative market value ( )
6.2% CAGR
U.S. Federal Cybersecurity market 
$11 Billion
Estimated US Federal spending by 2020

4. US Social Security Administration
Federal government regulated
1935, as part of the New Deal Social Security Program
de facto national ID number
Originally intended for one purpose: tracking a worker’s lifetime earnings
Card issued discouraged using SSN for ID purposes
SSN is required for many legitimate activities including healthcare and financial services
Widely shared, printed, and stored

5. Current State Inefficiencies
Inconvenient:
Many forms of ID issued by various entities
SSN was created to track a worker’s lifetime earnings NOT to be a national identity card
Insecure:
Widely shared, printed, and stored (therefore, Identity theft is a risk)
Carnegie Mellon researchers published an algorithm that can reconstruct SSN based on publicly available personal info

6. Identity Card – Public Key
About Our Company
What is ?
What does do?
Security technology company
Software developer
Contractor to the U.S. government
Manages transfer of personal identity onto the blockchain
Maintains identity records on blockchain
Facilitates verification of identity
From many identity cards..
To one Public Key…
E 51D1
Identity Card – Public Key

7. transfers personal identity verification of identity
How it works
transfers personal identity
onto the blockchain 1
facilitates
verification of identity 2
2018
2019
2020
2036
Babies born
Adults
Adults
Turn 18 yrs old
Birth record and biometric data are created
Identity is encrypted with private key and added to Blockchain
Parents can access private key, if needed
Identity is put on Blockchain due to:
Marriage license
Passport issuance
Criminal record
Drivers license
Adults can use keys to prove identity and institutions can verify identity using interface
Private key is transferred from parents to child
Biometric data is updated
Identify can now be verified via interface

8. transfers personal identity verification of identity
How We make Money
transfers personal identity
onto the blockchain 1
facilitates
verification of identity 2
2018
2019
2020
2036
Babies born
Adults
Adults
Turn 18 yrs old
Activities:
Blockchain birth tech
Database – public/private keys
Software Key Generator
Biometric data
Training
Mining Blocks
Software for city county officers
Training on key issues
Call center
Biometric data infrastructure
API releases
Network effect
Consulting services
Financial Services
Mortgages
Loans
Cars
Bank Accts
API releases
Network effect
Consulting services
Financial Services
Mortgages
Loans
Cars
Bank Accts

9. Solution to Current State Inefficiencies
Inconvenient:
Many forms of ID issued by various entities
SSN was created to track a worker’s lifetime earnings NOT to be a national identity card
One single identity verification tool – public key
Insecure:
Widely shared, printed, and stored
Carnegie Mellon researchers published an algorithm that can reconstruct SSN based on publicly available personal info
Secure ecosystem using blockchain technology
Biometrics and passcode for verification

10. Technical Feasibility
Software
Customized blockchain interfaces for:
hospitals/clinics (birth)
county clerk (marriage)
USPS/Dept of State (Passport)
DMV (Drivers license)
Law Enforcement Agency (Criminal record)
API for Institutions
Hardware
Hardware security modules (stores private keys)
Mining Machines
Data Centers
Integrated biometric machines
Biometric
Collection tools/technologies
Analysis of human biometrics into code
Biometrics to authorize private key

11. Gov’t / Societal Feasibility
Strengths
Efficiency & Secured: blockchain is immutable and avoid identity fraud
Cost Reduction: reduce the repetitive work of different departments
Easy to access: the system has the potential to offer service for other commercial purpose
Government
General Public
Challenges
Lobbying for the government investment
Common standards across all government agencies
General public flat learning curve
Solutions
Estonia and Singapore already introduced the concepts of e-residents
Customized interfaces/systems for different agencies
Create communication and implementation plan – different phases (baby, adult)

12. Future Potential Applications
Digital signature can be more secured and efficient, avoid fraud
Identity and payment records on blockchain
E-voting: speed up, simplify and reduce the cost of elections
Open APIs for other application (e.g. Education, Financial Institutions, etc.)
Potential application of this technology can be expand passport, marriage record, criminal record, driver licenses, etc.