EvidenZ AMA Recap
CryptoDiffer team
Hello, everyone!😁
We are glad to meet here
Co-Founder & CEO at EvidenZ (@LucJL )
Co-Founder & CTO at EvidenZ (@vince_hfr)
Co-Founder & CTO at EvidenZ, Vincent Langard
Hi everyone, we are very delighted to be here to present our project!
Thank you for the invitation!
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
Hi everyone!
CryptoDiffer team
Let`s start from your background&intro:
Q1: Can you introduce yourself to our community ?
Co-Founder & CTO at EvidenZ, Vincent Langard
Ok, let’s start. I’m Vincent, CTO & cofounder of EvidenZ.io & BCdiploma.com. We’ve build with our team a blockchain based document certification solution, live in production since early 2019. EvidenZ is the framework of the solution, and first use case, dedicated to academics is BCdiploma
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
I am Luc, CEO and cofounder. Now, BCdiploma is deployed in more than 90 institutions in twelve countries with the following use cases: diploma, academic and continuing education certificate, certified open badge of proficiency, notarial certificate, ISO certificate. BCdiploma, currently supported by Agoranov, is a an alumni of Station F & emlyon business school accelerators, and UC Berkeley Blockchain Accelerator.
CryptoDiffer team
Q2: Can you briefly tell us what is EvidenZ in 3-5 sentences?
Co-Founder & CTO at EvidenZ, Vincent Langard
EvidenZ allows you to deploy registers on the Blockchain for all types of high-value data.
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
It offers individuals direct and permanent access to data through a simple URL that anyone can click on for free. EvidenZ was patented in the United States in 2020. It is designed to enable institutions, companies and universities to deliver certified data over the long term, while complying with personal data regulations (GDPR, and in particular the “right to be forgotten). https://www.evidenz.io/
CryptoDiffer team
Q3: Let`s now talk about the milestones you have achieved and about your upcoming plans?
Co-Founder & CTO at EvidenZ, Vincent Langard
From 2018 to now, we have focus only on technical development, business development & partnerships. Our strategy is to become the worldwide reference in the certification of academic documents and to extend EvidenZ to administrative registers.
CryptoDiffer team
Awesome, a lot of updates to come out!
Thank you for great answers!
I think it is time to start community questions round!
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
First, a few word about the BCDT
Here is the token usage process:
1) An institution buy issuance credits to BCdiploma in FIAT => in the real world, institutions aren’t able to buy tokens 😀
2) BCdiploma company buy BCDT on the market at the market price
3) We feed the evidenz smart contract with BCDT to “buy issuance credits”, 25% are burnt during this operation
4) Institution issues certificates, the number of credits decreases
5) Goto 1)
Cryptodiffer Community
Total Supply = 40,835,044 BCDT
Do you have plan to BURN or Buyback #BCDT Token to increase its value?
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
This is how the BCDT works: for each use, a % is burned by the contract.
Cryptodiffer Community
As we know, every successful project has a few stories behind the scenes, What’s the story behind the development of EvidenZ, how was the idea formed, what are you most proud of and how were you able to overcome challenges whilst developing your platform ?
Co-Founder & CTO at EvidenZ, Vincent Langard
With @LucJL , we have been working for many years in the field of IT for academics. During this experience, institutions were faced with the problem of storing and securing certifications on a very long term basis. With the emergence of Ethereum, we made specifications and then an ICO to develop EvidenZ and start the commercialization of BCdiploma. And here we are!
From my point of view, our biggest success is the team and the product that customers are happy with. This is also our biggest challenge: to offer a solution in which UX can be used on a large scale by as many people as possible. Customer feedback is excellent, here is an example of this: https://medium.com/bcdiploma/ecole-des-ponts-business-school-issues-blockchain-digital-credentials-4f6c67b7e63d
Cryptodiffer Community
What difficulties are you faced or facing to bring partnerships or mass adoption, while blockchain seemed as a scam in the common people? How are you going through this?
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
The level of adoption of the blockchain by institutions is now high. Much more than two years ago when we started the project.
Cryptodiffer Community
What are EvidenZ’s marketing plans moving forward and is there a plan to further explore new use cases for the platform?
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
About the long-term vision of marketing and the token:
Today: customers pay in FIAT and are provided with tokens.
The level of adoption of the blockchain by institutions is now high, however their level of adoption of crypto currencies is much lower. Even if the idea is attractive and makes sense, it seems too early to propose this kind of business line.
Tomorrow: customers who wish to do so will be able to pay directly using BCDT (in fact they can technically already do so, but they are not ready).
To incite them: we are preparing a development that will allow to install the complete DApp stack on premice and to interact without our own DApp instance with the contract. Thus, we are targeting very big customers for this kind of installation 🙂 (in particular for large groups and state administrations)
Cryptodiffer Community
As Cerificates are the Imporatnt things for any Person, How Does EvidenZ plan to Secure the platform?
Co-Founder & CTO at EvidenZ, Vincent Langard
Security is a fundamental element of the certification challenge and at the heart of the EvidenZ framework, which has been designed to take full advantage of the blockchain and its characteristics: durability, security and immutability. One of the key elements of this security is also EvidenZ’s encryption algorithm, based on AES256. Finally, the last pentest carried out by external team at BCdiploma did not reveal any flaws, which is exceptional for a first test.
Cryptodiffer Community
Verifying CERTIFICATE Authenticity and Legitimacy remains a herculean tasks, how does EVIDENZ play superior roles and assist in True Verification, overcoming bottlenecks posed by traditional system
EVIDENZ secures any digital file against unlawful manipulation, please what layer of security and/or encryption is applied to ensure this? Kindly explain more about your validation and verification protocol/process used to ensure safety of files.
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
EvidenZ allows institutions to certify and issue data that belongs to them. Then, when consulting a certificate, you have all the proofs of the origin of the data.
Cryptodiffer Community
Projects that are not traded on major exchanges remain unnoticed. What do you think about listing the token on the leading exchanges?
Co-Founder & CTO at EvidenZ, Vincent Langard
From 2018 to now, we have focus only on technical development and business development. That said, we strongly believe in DEX and the liquidity pool providers, but we remain open to CEX opportunities.
Cryptodiffer Community
BCdiploma is the Main usecase of EvidenZ, Can You please talk about it?
How can It help in to Acedemics?
Co-Founder & CTO at EvidenZ, Vincent Langard
Here’s how the BCdiploma proposal is received by the universities:
>Protecting the value of your diplomas
>Enhancing your innovative brand image
>Becoming the leader of the digital student experience
>Revitalizing your Alumni network
>Accelerating the digitization of your processes
On average, over 10 years after the issuance of a diploma, with BCdiploma, the savings in the management of the diploma are 75-90%
Cryptodiffer Community
How valid are the BCDiploma internationally? Are they recognized? The validity depends on EvidenZ or the institution that conducts the course?
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
BCdiploma is above all an international success story: please find here all the institutions https://www.evidenz.io/issuers-list.html
The basis for trust and validity comes from the verification of the issuer’s identity, which is recorded in the smart contract. These elements are available to all.
Cryptodiffer Community
1. What is EvidenZ strategy with respect to increasing crypto adoption in general?
2. Why did you choose to build BCDT token in ERC20 blockchain ecosystem? Why not Scalable Blockchain as Ethereum have many Scalability issues?
Co-Founder & CTO at EvidenZ, Vincent Langard
1. Our strategy is simple: deploy BCdiploma in as many institutions as possible and issue as many certificates as possible. Since the token is aligned with BCdiploma’s business, adoption will come by itself.
2. The use of Ethereum’s L1 is a technical choice: it combines simplicity with the highest possible level of security and transparency, which are essential elements of the certification challenge. Regarding scalability, EvidenZ includes many gas optimization mechanisms (template, batch issuance for example), and finally, we believe in the future of Ethereum, which has proven us right with each of its latest forks
Cryptodiffer Community
Q1. I hear that EvidenZ has collaboration with Microsoft, so could you share me which support or program that both of you are focusing?
Co-Founder & CTO at EvidenZ, Vincent Langard
Q1: We’re part of the Microsoft for Startups program & of the Microsoft Cosell program. We are notably on their app store and their sales team is incentivized to sell our solution: https://appsource.microsoft.com/en-us/product/web-apps/blockchaincertifieddata.bcd-1
Cryptodiffer Community
1. A question about so called “The right to be forgotten”. How “public” is shared info? What if someone wants a private information to be removed from blockchain/public access under some circumstances. Especially if he didn’t issue the data personally, and this was done by some previously related institution. How EvidenZ deals with it?
2. Blockchain certification can go far beyond confirming intellectual property, document legitimacy, and more. Can EvidenZ work with goods and services in terms of authenticity verification? An example is a producer-consumer chain.
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
1. The data are deposited encrypted on ethereum, and the graduate has a cryptographic key that he may one day decide to delete (shamir’s secret). No one can decipher the data anymore.
2. The overall use of EvidenZ is to certify data of high value, conclusive and enforceable. We will be open to supply chain requests, with a “data” approach.
Cryptodiffer Community
Your initial Supply is 40,835,044 but it has decreased to 39,660,137, how has this happened and how does it correspond to your business model?
Co-Founder & CTO at EvidenZ, Vincent Langard
EvidenZ has been built to match with BCDT’s holders economical concerns: the total supply decreases with the use of the solution. This process ensures the long-term sustainability and autonomy of the ecosystem.
Cryptodiffer Community
How do you see your business model expanding long term? Will universities remain your key focus or will you expand to offer solutions for the peripheries of the education sector?
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
In the long term we wish to develop the publisher approach and management of the smart contract, with a multi-sector use oriented “state registers and large groups”. Education is just the beginning: it’s the perfect use case, the one everyone understands.
Cryptodiffer Community
One of the problems with certification in Blockchain is that many adults are not familiar with the technology for everyday use cases, as I do, but we only see it as a technology on which to speculate. What plans does EvidenZ have to facilitate adoption?
Co-Founder & CTO at EvidenZ, Vincent Langard
– BCdiploma does not process the data directly: it is the institution itself that holds the data, is responsible for it and is in charge of the graduates onboarding and delivery of the certificates. BCdiploma simply provides the certification solution to these institutions.
The institution itself must onboard with BCdiploma or a validator of the ecosystem, so the list is here: https://www.bcdiploma.com/validators-list-fr.html?env=production
– The solution is designed to prevent any tampering (blockchain, dedicated encryption algorithm etc.) and is natively multilingual.
Cryptodiffer Community
Q: Can you list 1-3 killer features of EvidenZ that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
One-click access with a url link that can be used on all social networks
Direct access to proofs of authenticity
Custom design for each school (if desired)
Multilingual in as many languages as desired (accessible from the link of the diploma only)
First Open Badges 100% blockchain
Cryptodiffer Community
One of the problems with certification in Blockchain is that many adults are not familiar with the technology for everyday use cases, as I do, but we only see it as a technology on which to speculate. What plans does EvidenZ have to facilitate adoption?
Co-Founder & CTO at EvidenZ, Vincent Langard
BCdiploma certificates are designed to be understandable by anyone, including the blockchain non-initiated: https://www.bcdiploma.com/faq.html
Cryptodiffer Community
Q: Can you list 1-3 killer features of EvidenZ that makes it ahead of its competitors? What is the competitive advantage your platform has that you feel most confident about?
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
What is the competitive advantage your platform has that you feel most confident about? The fact that the evidence can be consulted directly or even read into the smart contract: we have in fact worked with mycrypto on this point. This totally sets us apart from our competitors who use a hash time stamp
Cryptodiffer Community
What is a micro-certification?
How it’s is different from regular diploma courses?
Co-Founder & CTO at EvidenZ, Vincent Langard
Please find a description here https://medium.com/bcdiploma/blockchain-education-understanding-micro-certification-9c53b91749f2
Cryptodiffer Community
Q.1 If a competitor Would arise today providing the same services. What would you do to stay and remain relevant?
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
Thanks for your questions
Q1. We have a lot of competitors and this is a very good sign. To date, our technical approach is patented in the US, which guarantees us a head start. We are going to keep it: we devote +50% of BCdiploma’s internal costs to R&D!
Cryptodiffer Community
Can you tell us the motivation and benefits of investors holding BCDT tokens for a long time? What are your plans to help drive the demand and scarcity of BCDT tokens?
Regarding technologies , how far EVIDENZ is the currently in it? At present, what is the main technical focus of the EVIDENZ?
Why do you want to introduce a coin called BCDT , do we have to lock it for a period of time? What are its actual benefit of BCDT?
Co-Founder & CTO at EvidenZ, Vincent Langard
About BCDT: as since its creation, our main concern for BCDT is its adoption through the deployment of BCdiploma in as many institutions as possible. It’s not a new token here, 40M BCDT have been issued during an ICO early 2018 and no BCDT will ever be issued again in the future.
Cryptodiffer Community
Q.1 If a competitor Would arise today providing the same services. What would you do to stay and remain relevant?
2.Could You Tell Us Some of The Major Partnerships of EvidenZ Platform?? Does It Bring Any Benefits To Token Holders??
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
Partnerships:
– IMS Global Certification (Open Badges blockchain / IMS Global https://medium.com/bcdiploma/bcd-report-12-may-30th-2020-44959f789025 )
– Microsoft for startups & Co-sell program MICROSOFT (https://appsource.microsoft.com/en-us/product/web-apps/blockchaincertifieddata.bcd-1)
– We have signed a major partnership with the AUF (a grouping of more than 1,000 universities worldwide), which will be announced in early September following the success of the 2019 pilot project: http://aneuf.auf.org/dineuf , we can’t say too much, but it’s a long-term (4 years) and exclusive business development agreement for us.
– Berkeley Blockchain Xcellerator: Berkeley
https://medium.com/berkeley-blockchain-xcelerator/bcdiploma-the-seamless-degree-verification-system-927b16e622f0
– AlumnForce: https://medium.com/bcdiploma/how-to-increase-the-use-of-your-alumni-platform-by-20-thanks-to-the-blockchain-35c27a59412e
Cryptodiffer Community
What are the main Institutional clients EvidenZ?
What kind of Users are there in the market upon which EvidenZ Focuses?
Co-Founder & CTO at EvidenZ, Vincent Langard
https://www.evidenz.io/issuers-list.html
Cryptodiffer Community
Question 1: What’s the biggest challenge you currently face in order to get this project finalized?
Question 2 : What is the main source of revenue EvidenZ ?
Co-Founder & CTO at EvidenZ, Vincent Langard
Q1. To provide our customers with a stable, high-performance, state-of-the-art UX solution for maximum adoption.
Q2. The sale of certificate credits to institutions!
Cryptodiffer Community
Reading MICRO-CERTIFICATION Medium Article, it’s too complicated, so could you explain to me by simple words to help beginners like me understand about MICRO-CERTIFICATION clearly?
EvidenZ’s deflationary system is based in that with for each certification, a part of the BCDT used is burned, would this lead to lack of supply and liquidity in the long term future? How would that be fixed?
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
Micro-certification: this is a concept deployed by some universities (in particular our partner eCampusOntario https://www.ecampusontario.ca/). It is about certifying a precise and professional skill. The certification is awarded by both the university and a company.
In other words: it is a professional certification on a small perimeter.
Co-Founder & CTO at EvidenZ, Vincent Langard
about deflationary system, the token has been designed to never encounter a lack of supply, with 2 mechanisms:
-The cost of the service is fixed in FIAT for the issuers (thanks to oracles adjusting the price of a certification regularly in the smart contract).
-The burn rate is gradually reduced according to the level of circulating supply according to the rules described in the whitepaper.
Cryptodiffer Community
How will EvidenZ helps to solve the problem of global economy crisis especially with our situation today that we are facing pandemic? What will be the role of EvidenZ in the complicated market as we know that there are many Defi already existing and launched?
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
In the complicated epidemic period, we have seen an increase in demand and sales. Quite simply, we provide the service that allows a school to conduct its graduation remotely. And for an employer to receive an authentic diploma by e-mail.
Co-Founder & CTO at EvidenZ, Vincent Langard
The project is 3 years old, never had the exposure it deserves. We are proud to show the crypto world the huge technical and commercial development work done since 2017. This is a long term project: don’t be surprised, we will continue to focus on the product, real use cases and business. We think this is the best way to democratize the use of BCDT and the holder’s trust: by building and delivering 👌
Co-Founder & CEO at EvidenZ, Luc Jarry-Lacombe
Thank you very much for all your questions!
Co-Founder & CTO at EvidenZ, Vincent Langard
Thx @makscryptodiffer & the whole community, your questions were very pertinent and… numerous 😂
Cryptodiffer TEAM
Thank you, guys, really amazing answers!
You have superior project with real use case!
Thank you for taking time today to answer them!
Thank you everyone who participated!
The chat is open!
