Submitted
Last Updated August 14, 2020
2020 Mission Billion Challenge: Global Prize
MyToken
Team Leader
Santosh Swain
Solution Overview
Solution Name:
MyToken
One-line solution summary:
“MyToken" is a user-friendly device builds in a SecurID mechanism with fingerprint authentication
Pitch your solution.
Problem identified
- Lack of access to ecological, technological and institution.
- Lack of opportunities in education, communication, Government grant and information infrastructure.
- Difficulty in planning benefits for vulnerable section of society, due to lack of central database with accurate beneficiary information.
- Eliminate current scope of corruption/fraud due in absence of digital platform.
- Lack of Segmentation of people typically those within the value chain but not yet linked to System.
- Lack of access to agricultural innovation and productivity growth.
Solution Description
Identifying marginality hotspots using MyToken.
- Mapping the details to global marginality hotspots database.
- Digital token pass(SecureID) with inbuilt fingerprint authentication, assigned to all eligible beneficiary.
- All Government benefits schemes are mapped within the same token pass.
Impact to Solution
- Weak/vulnerable section of society, without access to technology like smartphones/ Low connectivity can easily get benefits like Human Capital, Physical Capital, Social Capital, etc…
What specific problem are you solving?
- Lack of access to ecological, technological and institution.
- Lack of opportunities in education, communication, Government grant and information infrastructure.
- Difficulty in planning benefits for vulnerable section of society, due to lack of central database with accurate beneficiary information.
- Eliminate current scope of corruption/fraud due in absence of digital platform.
- Lack of identification of marginalize area
- Lack of Segmentation of people typically those within the value chain but not yet linked to System.
- Lack of access to agricultural innovation and productivity growth.
- Lack of education facilities
- lack of Socio-Economic capability to use the agro-ecological potential like farmers' access to credit, fertilizer, and advisory service
Who does your solution serve, and in what ways will the solution impact their lives?
Weak/vulnerable section of society, majorly below poverty line without access to technology like smartphones/ Low connectivity can easily get benefits like Human Capital, Physical Capital, Social Capital, etc…
- Since beneficiary are majorly not literate, weaker section of society without access to modern technology like smartphone or computers, this product is simple and easy to use for all starta of the population.
- Timely and effective passing of government benefits at times of emergency like natural disaster or catastrophe.
- Social mapping.
- Can help in women empowerment as MyToken is for individual users Students from weak section of society eligible to govt benefits like providing .. study materials, laptops etc
Which dimension of the Challenge does your solution most closely address?
- How can countries ensure that digital authentication mechanisms—which often require smartphones, computers and internet access—are accessible to marginalized and vulnerable populations to facilitate remote access to services and benefits?
Explain how the problem, your solution, and your solution’s target population relate to the Mission Billion Challenge Global Prize and your selected dimension.
The Components associated with MyToken as
SecurID mechanism -> Fingerprints -> Security code -> Reminder System alert.
- “MyToken” is a user-friendly device builds in a SecurID mechanism with fingerprint authentication to ensure all Government benefits are availed to eligible beneficiary without use of Smartphone.
- Weak/vulnerable section of society without access to technology like smartphones/ Low connectivity can easily get benefits like Human Capital, Physical Capital, Social Capital, etc…
- This will help to identifying marginality hotspots.
- MyToken pass gets activated for stipulated time, only when fingerprint matches with that of the assigned beneficiary on individuals social profile with Registration/ authorities.
Where is your solution team headquartered?
Bhubaneswar, Odisha, India
What is your solution’s stage of development?
- Idea: A plan or concept by an individual or organization.
Who is the primary delegate for your solution?
Santosh Swain, Founder of inksand
More About Your Solution
Which of the following categories best describes your solution?
- A new business model or process
Describe what makes your solution innovative.
MyToken is a technological collaboration of below existing mechanism.
SecurID mechanism -> Fingerprints -> Security code -> Reminder System alert.
Solution Description
- Identifying marginality hotspots using MyToken.
- Mapping the details to global marginality hotspots database.
- Digital token pass(SecureID) with inbuilt fingerprint authentication, assigned to all eligible beneficiary.
- All Government benefits schemes are mapped within the same token pass.
- MyToken pass gets activated for stipulated time, only when fingerprint matches with that of the assigned beneficiary
- Only applicable benefits will get activated based on individuals social profile, registered at the time of registration with authorities.
- Benefits get digitally transferred to beneficiary bank account and thesame gets logged in backend server.
- Only remaining applicable schemes stay active on MyToken pass.
- Additional Service (optional) - Reminder alerts flash on MyToken pass (color coded - Red, Orange, Green) as the timeline to avail benefits approaches lapse.
Provide evidence that your solution works.
MyToken is a technological collaboration of below existing mechanism.
SecurID mechanism -> Fingerprints -> Security code -> Reminder System alert.
Solution Description
- Identifying marginality hotspots using MyToken.
- Mapping the details to global marginality hotspots database.
- Digital token pass(SecureID) with inbuilt fingerprint authentication, assigned to all eligible beneficiary.
- All Government benefits schemes are mapped within the same token pass.
- MyToken pass gets activated for stipulated time, only when fingerprint matches with that of the assigned beneficiary
- Only applicable benefits will get activated based on individuals social profile, registered at the time of registration with authorities.
- Benefits get digitally transferred to beneficiary bank account and thesame gets logged in backend server.
- Only remaining applicable schemes stay active on MyToken pass.
- Additional Service (optional) - Reminder alerts flash on MyToken pass (color coded - Red, Orange, Green) as the timeline to avail benefits approaches lapse.
What is your theory of change?
Impact to Solution
- Weak/vulnerable section of society, majorly below poverty line without access to technology like smartphones/ Low connectivity can easily get benefits like Human Capital, Physical Capital, Social Capital, etc…
- Since beneficiary are majorly not literate, weaker section of society without access to modern technology like smartphone or computers, this product is simple and easy to use for all starta of the population.
- Timely and effective passing of government benefits at times of emergency like natural disaster or catastrophe.
- Social mapping.
- Can help in women empowerment as MyToken is for individual users
- Students from weaker section of the society eligible to get benefits like study materials, laptops etc.
How can your solution be incorporated into identification systems?
The Components associated with MyToken as
SecurID mechanism -> Fingerprints -> Security code -> Reminder System alert.
Solution Description
- Identifying marginality hotspots using MyToken.
- Mapping the details to global marginality hotspots database.
- Digital token pass(like RSA Id) with inbuilt fingerprint authentication, assigned to all eligible beneficiary.
- All Government benefits schemes are mapped within the same token pass.
- MyToken pass gets activated for stipulated time, only when fingerprint matches with that of the assigned beneficiary
- Only applicable benefits will get activated based on individuals social profile, registered at the time of registration with authorities.
- Benefits get digitally transferred to beneficiary bank account and the Same gets logged in backend server.
- Only remaining applicable schemes stay active on MyToken pass.
- Additional Service (optional) - Reminder alerts flash on MyToken pass (color coded - Red, Orange, Green) as the timeline to avail benefits approaches lapse.
Select the key characteristics of your target population.
- Women & Girls
- Pregnant Women
- Children & Adolescents
- Low/No Connectivity Settings
- Poor
- Low-Income
- Persons with Disabilities
In which countries do you currently operate?
- India
In which countries will you be operating within the next year?
- India
About Your Team
What type of organization is your solution team?
- For-profit, including B-Corp or similar models
- Nonprofit
How many people work on your solution team?
Mr. Santosh Swain
Mr. Kamala Kanta Dash
Ms. Krishna Mohanty
Solution Team:
Santosh Swain