IDMoney’s mission is to create a new governance model and free, distributed blockchain wallet to integrate crypto and self–sovereign virtual personality to enhance local development and citizens’ empowerment. In addition, IDMoney will seek to support the widest diffusion of the concept through a novel campaign of online educational videos. Uniquely, this model and platform will be social, Public and global:

  • SOCIAL for four reasons: (1) the development of the governance model and blockchain wallet will be the result of the collaborative work of many people through the Drupal platform and other social platforms; (2) the local governments will be able to use the governance model and blockchain wallet software for socio-economic development and citizens’ empowerment; (3) the model gives everyone the opportunity to have a self-sovereign identity and hence, the possibility to create wealth for themselves; (4) the model envisages that a substantial 20% of the total value of IDMoney’s crypto tokens will reach directly the ID wallets of people in conditions of poverty;
  • PUBLIC because local governments in direct relationship with citizens will be implementors and owners of the governance model and new blockchain wallet. This wallet is named Money Making Wallet for it is not only a storage wallet but, most fundamentally, the first wallet conceived to generate wealth for their owners.
  • GLOBAL for two reasons: (1) the new governance model and blockchain will be the result of contributions from people across the world; (2) the ultimate goal is to set the foundations to facilitate the emergence of a wider global government community offering a decentralized multi government currency (a sort of world-wide distributed world bank) with self-sovereign virtual personality for citizens.

It is expected that the creation of the new governance model and free, distributed blockchain wallet will be completed in a period of 3 years from the moment the ICO of 35 millions of IDM crypto tokens is concluded. At the end of these 3 years, the ownership of IDMoney corporation will be transferred in equal shares to three local governments selected half-way (18 months) for their commitment to pilot the implementation of IDM results (with the backing of the IDM team) for the purpose of socio-economic development and citizens’ empowerment. Twenty percent of the total value of IDMoney’scrypto tokens (7 million tokens) will reach directly the local governments’ citizens living in poverty. Most importantly, by testing, validating and improving the new governance model and blockchain software, these local governments will have the opportunity to become de facto leaders of the emerging global government community offering a decentralized multi-government crypto with self-sovereign virtual personality for citizens. Certainly, they will not be tasked with the creation of the global government community but their experience will be a strong stimulus for others to follow. The responsibility for stimulating the emergence of the global government community will fall to another organization: GLOBAL MONEY!

Alfonso Molina.
Scientific Director at Fondazione Mondo Digitale, Personal Chair in Technology Strategy.

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