SELF-SOVEREIGN IDENTITY SOLUTIONS BUSINESS PLAN
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I. Executive Summary
Company Description
VeriKey—named to combine verification and a secure key—launches in the U.S. in 2026 as a decentralized identity platform that replaces passwords with a secure digital wallet. We operate in the cybersecurity and identity sector as a B2B SaaS provider serving regulated industries, primarily finance and healthcare. Our flagship product is a self-sovereign identity wallet that uses blockchain-backed attestations and cryptographic keys to give users true ownership of personal data. The company is led by cryptographers, blockchain engineers, and cybersecurity experts focused on removing central points of failure and delivering compliant, auditable identity flows for enterprises.
We sell enterprise integrations, identity orchestration APIs, and managed compliance services to large banks, payment providers, and health systems. Key activities include protocol development, enterprise-grade SDKs, SOC 2 and HIPAA-aligned controls, and customer onboarding and support. What sets us apart is our combination of cryptographic depth, operational compliance, and turnkey enterprise integration. Short-term goals are to complete pilot deployments with two U.S. banks and one health system in 2026; long-term goals are to reach 100 enterprise customers and enable 10 million verified wallets by 2030.
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Problem
Personal data and credentials are concentrated in centralized databases, creating high-risk targets for hackers, driving frequent breaches, identity theft, and rising regulatory and remediation costs.
Enterprises in regulated sectors need a secure, compliant alternative; current solutions leave users without control of their data and businesses exposed to central points of failure, so a U.S.-based decentralized identity platform launching in 2026 that replaces passwords with a secure digital wallet and follows self-sovereign identity principles is necessary.
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Solution
One-liner: A secure, decentralized digital identity wallet that returns control of personal data to individuals and removes the central point of failure.
The solution is a three-part system: a core decentralized protocol, a user-facing mobile wallet app, and APIs/SDKs for business integration. Individuals verify once and use a single credential; only the user holds the keys. Businesses receive verifiable assertions without storing personal data, cutting breach exposure, compliance burden, and liability tied to fragmented centralized databases.
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Mission Statement
We empower individuals with true ownership of their digital identity and give businesses a secure, decentralized, frictionless authentication platform rooted in blockchain and self-sovereign identity principles. We eliminate the vulnerabilities of centralized data storage, make privacy a right, and aim to render passwords obsolete. We build trust through transparency, regular security audits, and a user-centric approach to data management.
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Key Success Factors
Success rests on a privacy-first value proposition, tight U.S. regulatory focus, and measurable unit economics targets.
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"Your Keys, Your Identity" value proposition that gives users full wallet control and privacy.
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Regulated U.S. market focus that targets high-compliance verticals with premium pricing.
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Specialized engineering team and CISO-led security program ensuring enterprise-grade resilience.
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Unit-economics targets: CAC reduced to $1,800 and Trial-to-Paid conversion at 22.0% by 2030.
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Financial milestones: breakeven in 26 months and Year 5 revenue of $12,645,000, supported by identity and blockchain partnerships.
Financial Summary
This Financial Summary presents the key short-term metrics and capital plan for the Self-Sovereign Identity Solutions business.
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Ratio |
2026 |
2027 |
2028 |
Projected Revenue |
$2,082,000 |
$3,899,000 |
$6,116,000 |
Projected EBITDA |
$(782,000) |
$(2,753,000) |
$3,668,000 |
Expected ROI |
3.8% |
3.8% |
3.8% |
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Financial requirements include an initial $470,000 Capex in 2026 and ongoing security spend of $12,000 per month for audits; projected payback is 41 months with breakeven in Feb-2028, and an overall IRR of 3.8%.
Projected ROE at the forecast horizon is 14.09%, and EBITDA turns positive in 2028.
The outlook shows scaling revenue and improving profitability toward a positive cash and return profile by Year 3.
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Funding Requirements
We require $3,064,000 to fund 26 months of operations, secure hardened infrastructure, and reach breakeven in February 2028.
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Categories |
Amount, USD |
Product Development (Capex: secure infra, HSM, workstations, fit‑out) |
470,000 |
Marketing (Year 1 online and demand gen) |
450,000 |
Operations (Security audits 26 months @ $12,000/month) |
312,000 |
Staffing (initial personnel costs, 26 months) |
1,600,000 |
Other fixed costs (rent, insurance, legal, tools) |
0 |
Product tools & analytics |
0 |
Working capital |
232,000 |
Total funding required |
3,064,000 |
We project Year 1 revenue of $2,082,000, Year 5 revenue of $12,645,000, a 3.8% IRR, breakeven in Feb 2028, EBITDA positive in Year 3, and ROE of 14.09.