Short Description

  • UBIC stands for Universal Basic Income Currency and is a blockchain -based platform that distributes crypto currency under the form of a universal basic income.

Long Description

How does it work?
Since 2008, more than 60 countries issue biometric passports, which include a NFC-compliant RFID chip containing digitally signed personal information.
These embedded NFC chips can be read out easily using smartphones and other NFC-capable devices.
UBIC takes advantage of this existing technology and uses the unique digital signature issued with every E-Passport in order to securely distribute a basic income.
To receive this UBI, a user has to recover the digital signature from the chip by using his NFC capable computer or smartphone, this piece of information is then cryptographically linked to an UBIC address.
Within minutes— and this every minute until approximately expiration of his passport— the user will receive a country -specific UBIC token named UUS for the US, UCH for Switzerland, UUK for the UK, and so on.

Q What positive social or environmental do you aim to generate?

- Distributing a UBI
- Enabling direct democracy through e-voting

Q What has your organisation enabled so far in quantified terms (e.g. 20% efficiency gain, 100 beneficiaries received aid in the past six months) and what are the next steps?

Q Why are you specifically using blockchain in your project?

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Additional Details

  • Impact-first:No
  • Number of users:6218
  • Blockchain Technology:Other
  • Use of blockchain:Digital Identity , Voting
  • SDG#:1, 8
  • Whitepaper:Read on website
  • Number of users:6218
  • Blockchain Technology:Other
  • Use of blockchain:Digital Identity , Voting
  • SDG#:1, 8
  • Whitepaper:https://github.com/UBIC-repo/Whitepaper
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