The problem Drexfy solves

Considering DREX environment problems aren't here today, we envisioned what the future is going to look like considering DREX, Open Finance, LGPD, and the fairest for people and institutions.

We tackle data privacy and data ownership in today's world as a problem. By tokenizing Open Finance data to empower its owner, we envision a future in which financial institutions shall have no data of users at all, everything (almost) they have shall be written on the token and erased after that. The user shall have the power to enable third parties to access it whenever it's relevant to him.

Data becomes a tokenized asset that can be used for its owner´s sole purpose of extracting value from it (or any other use one might find useful) and nobody else has that right without his permission.

Open Finance, LGPD, and DREX are brought together at a singularity-like level.

Challenges we ran into

We had a versioning problem with web3auth. It couldn't establish the provider because of incompatible versions, so we had to use the versions of projects that were working.