What is the name of your organization?
Settlefirst Assetsworks Private Limited
What is the name of your solution?
NUVO
Provide a one-line summary or tagline for your solution.
Finanical & Healthcare Inclusion for Bharat
In what city, town, or region is your solution team headquartered?
Bengaluru Urban, Karnataka, India
In what country is your solution team headquartered?
India
What type of organization is your solution team?
For-profit, including B-Corp or similar models
Film your elevator pitch.
What specific problem are you solving?
NUVO is addressing the problem of data privacy and consent based data exchange which impacts 447 million women of the total 940 million adult population in India. NUVO provides a personalized wallet for every individual to manage identity, academics, work, financial, health and business data using blockchain verifiable credentials.
In addition, over 54% of women in rural India do not own a mobile device limiting access to financial and healthcare services. NUVO SmartCards (patent pending) provide digital enablement to the last mile at 1/100th of the cost of a smartphone.
NUVO Deck: https://drive.google.com/file/d/1gHHc3zo-mbD7vBz169ZS5A5iuia8bqrZ/view?usp=sharing
What is your solution?
NUVO provides a personalized wallet for every individual to manage identity, academics, work, financial, health and business data, with a data exchange protocol powered by Blockchain Verifiable Credentials.
NUVO is India's first consent based data exchange protocol, with universal consent manager with zero-knowledge proofs and brings together data issuers, consumers, validators and users on a common blockchain protocol, and uses AI and Voice capabilities to provide access for local languages.
NUVO SmartCards provide offline access and digital empowerment for all users and access to data-backed financial and healthcare services. NUVO SmartCards (patent pending) enable digital empoweredment for users who do not own a mobile phone (smart phone) and enable seamless data exchange at 1/100th cost of a smart phone.
In addition, NUVO provides a Unified Consent Layer (for B2B) to create a No-Code Data Exchange Protocol enabling B2B Compannies to request consent-based data from users. this also provides Zero Knowledge Proof capabilities, which enable solutions such as Social Credit Scoring using AI-ML.
NUVO SmartCards: https://drive.google.com/file/d/1g-XShnXcC2Vy-SX_-3yHUbRKw-4Ezk2g/view?usp=sharing
Who does your solution serve, and in what ways will the solution impact their lives?
NUVO is addressing the problem of data privacy and consent based data exchange which impacts 447 million women of the total 940 million adult population in India.
Our target use base comprises of popuplaton in Tier 1, 2, 3, rural and under-served sections of the society. Our solution provides a first opportunity for our users to be able to own, control and share their personal, medical, financial and business data with confidence. While mobile users are growing, there is a large section of the population which still use feature phones or otherwise do not have digital and internet access.
NUVO enables them with digital empowerment, ownerships and access to their data, and eventually the ability to use that data to procure better financial and healthcare services.
In addition to the above, we have additional target users (verticals) such as academics (education), banks / non-banking organizations and fintechs, financial services and accounting firms and hospitality sector.
