Work Funding Period: 8 months
Amount requested: 100k USDC
This proposal outlines the development of Peranto, the first Latam-focused decentralized application (dApp) for digital identity and legal compliance, built on KILT and Polkadot. Submitted to the Polkadot Treasury, the project seeks $100,000 USD in funding to build an MVP over eight months, targeting legal professionals and expanding digital identity solutions across Latin America. The proposal details the product's potential to disrupt traditional markets, partnerships with legal associations, and strategic plans to bring Web3 solutions to enterprises, governments, and users.
Why this proposal can be successful?&nbsp;
Once the product is ready for market, the product will be used by at least 200 lawyers focused on civil and digital rights across Latam, it will be used by the International Telecommunication Union, and an specialized fintech university with high rank students from many industries and companies.&nbsp;
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Why is not built right now?&nbsp;
The KILT SDK has upgraded, and after 9 months of raising capital without success there's something called the "Valley of Death", despite having once a PoC and a working product, a startup needs money to keep going.&nbsp;
Why not apply for W3F grants? There are no grants, and the grants were focused on infrastructure and chains, out of Peranto CGo scope.&nbsp;
Why not apply to KILT?&nbsp;
<a href="https://kilt.polkassembly.network/post/231">https://kilt.polkassembly.network/post/231</a> I did it, they can't afford it, so the value of the token will go down.&nbsp;
Why not VCs? They don't care about web3 stuff, remember the NFT summer of 2021? Well, a lot of them don't want to be reminded of it or know nothing about web3, so they don't care.&nbsp;
Why the treasury? If the Polkadot community can't see the benefits of creating dApps for the ecosystem and bring use cases, well, Polkadot is doomed to be misunderstood and to go through the Valley of Death.
Read the full proposal here:&nbsp;
<a href="https://docs.google.com/document/d/1e7Mn2gDu3CDak9HFi_isOc5YKsGMwR4vqB552iGkwJU/edit?usp=sharing">https://docs.google.com/document/d/1e7Mn2gDu3CDak9HFi_isOc5YKsGMwR4vqB552iGkwJU/edit?usp=sharing</a>
&nbsp;
Telegram: J3rga

Propose and approve a spend of treasury funds.

## Dispatch Origin

Must be [`Config::SpendOrigin`] with the `Success` value being at least
`amount` of `asset_kind` in the native asset. The amount of `asset_kind` is converted
for assertion using the [`Config::BalanceConverter`].

## Details

Create an approved spend for transferring a specific `amount` of `asset_kind` to a
designated beneficiary. The spend must be claimed using the `payout` dispatchable within
the [`Config::PayoutPeriod`].

### Parameters
- `asset_kind`: An indicator of the specific asset class to be spent.
- `amount`: The amount to be transferred from the treasury to the `beneficiary`.
- `beneficiary`: The beneficiary of the spend.
- `valid_from`: The block number from which the spend can be claimed. It can refer to
  the past if the resulting spend has not yet expired according to the
  [`Config::PayoutPeriod`]. If `None`, the spend can be claimed immediately after
  approval.

## Events

Emits [`Event::AssetSpendApproved`] if successful.

- **Problem Statement:** Lack of funding for developing Peranto, a Latam-focused decentralized application for digital identity and legal compliance, targeting legal professionals in Latin America.
- **Significance:** The project aims to disrupt traditional markets, expand digital identity solutions, and bring Web3 solutions to enterprises, governments, and users in Latin America.
- **Proposed Solution:** Requesting $100,000 USD from the Polkadot Treasury to build an MVP over 8 months.
- **Expected Outcomes:** Successful launch of Peranto, with at least 200 lawyers using the product, partnerships with organizations like the International Telecommunication Union, and integration with a specialized fintech university.

#1203 Peranto: Empowering Legal Compliance and Digital Identity with KILT and Polkadot in LATAM

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