People today can have assets spread around to multiple wallets or chains. While there are great reasons to have assets on multiple chains and addresses, keeping things separate can lead to challenges if you want to prove your ownership of assets. Proving ownership of assets is important for getting loans, posting collateral, OTC trading, and other applications that are necessary for a future built around decentralized ID systems and DeFi.

Examples of specific applications that could use our protocol include:

1. Credit scoring systems. Credit scores often rely on the asset value of the person taking out credit as one of the inputs to credit scores. Credit scores are important for building trust and risk models in today's world and will become even more important in the future as the parties transact pseudonymously.
2. Company financial reporting. Companies in the future will probably use many different wallets and chains for different use cases and the added security of multi-wallet asset holding. In the future, these companies will still need to create financial statements to give shareholders and other interested parties information on their performance. Now, just by showing a single address and proving ownership through our project, they can disclose a lot about their financial position to interested parties without a laundry list of addresses in their financial statements.
3. Interchain lending. People with this project can secure loans with assets from any chain around the world and get access to lending pools built on any chain. While this project only performs the first step in lending, the financial assessment of the borrower, we feel that without our project a world of interchain partially collateralized lending would be impossible.