Ydentity

What is Ydentity

Ydentity™ is the world’s first risk identity blockchain token based on cognitive neuroscience to evaluate risk and provide a predictive model for customer onboarding and risk underwriting. The underlying blockchain platform is token driven. It is cryptographically protected to defence grade standards and is regulated by a smart contract. Ydentity™ is a utility token in limited supply. It is closed source, unique, non-transferable and non-recyclable which tokenises the risk profile that can be voluntarily used for authentication, risk assessment, compatibility, and self-protection. The Ydentity™ risk profile token could provide a new underwriting instrument for several markets including but not limited to insurance, investment, social networking, dating, and gaming.

Ydentity™ is built on cognitive neuroscience theory that has been validated by extensive research that includes nonclinical population studies and human brain mapping using functional Magnetic Resonance Imaging (fMRI). Individual user risk profiling is based on a psychometric test that measures an individual’s cognitive abilities and classifies each users profile into one of three categories.

Ydentity™ is the first risk-identity token to use a scientific method of evaluation of the member’s initial condition to issue a predictive model for onboarding and underwriting. The mathematics model behind Ydentity™ and its predictive logic create a function between inputs (brain chemicals and functions) and outputs (social behaviors), and places initial condition at the center of multiple decision use cases wherein the user can “ydentify”, without the risk of exposing his or her real identity online. The state variables are dependent on inputs and the initial condition.

Ydentity™ risk profiles are classified into three categories:

• Risk Averse — refers to Harm Avoidance (HA)
• Risk Dependent — refers to Reward Dependency (RD)
• Risk Taker — refers to Novelty Seeking (NS)

These profiles are determined from a self-administrated psychometric test administered in a questionnaire format. The balance of chemicals in the brain is unique to each person and defines the personality. It directly relates to risk management habits and is used to predict social behaviors. Although the results may only be indicative, the bibliography of this type of test suggests that they produce a reliable account of the individual’s brain activation model and shows an acceptable fit to be used as a predictive tool for the purpose of onboarding, advising and recommending people or services and the matching of individuals. The result is a risk score which creates a Ydentity™ profile which is unique and refers only to gender, age, response and latency to respond. This offers a new method or system for the underwriting of risk based on the three risk categories described above which have existed since time immemorial.