Lenda

• 

  Interface after sample data gathering

• 

  PIEEG and Headset with electrodes

Overview: Lenda is an AI and blockchain-powered platform for next-generation identity verification. We use brainwave (EEG) biometrics – which are unique and hard to fake – combined with a private blockchain ledger to securely verify individuals.

Problem: Traditional KYC/authentication methods are increasingly breached. Canadian banks lose ~$3.78 for every $1 stolen, and high-profile breaches (e.g. Desjardins, 4.2M accounts) cost tens of millions. Modern fraud (deepfakes, identity theft) outpaces passwords, tokens, and legacy biometrics. Customers demand better security and privacy.

Solution: At enrollment, we record the user’s EEG signature and store its hash on-chain. On each login, an EEG scan is compared via AI to the stored signature. Matching brainprints mean a match – mismatches flag fraud. This dual-factor (NAS + EEG) + blockchain approach is essentially unspoofable. We maintain user privacy (only hashes stored) and offer an immutable audit trail. Real-time demos show logins in seconds with ~95%+ accuracy.

Market: Global demand for secure identity is massive: ~$40B global ID market by 2032 and ~$119B next-gen biometrics by 2030. We initially target Canadian banks/credit unions (serving 30M+ Canadians). A single large bank pilot (5–10M transactions/year) represents a multi-million-dollar revenue stream at our pricing model. Early focus is on KYC-heavy processes (new accounts, large loans). As we scale, we’ll expand across North America and into adjacent sectors (insurance, healthcare).

Business Model: Revenue comes from: (1) Per-scan fees – pay-as-you-go authentication; (2) Tiered pricing – volume discounts for high usage; (3) Hardware sales/leases – EEG headsets plus maintenance contracts; (4) Cloud hosting – SaaS fees for real-time processing; (5) Blockchain storage fees – small charge per identity record. This diversified model ensures recurring revenue and align incentives with client growth.

Traction & Roadmap: We have a functioning prototype and internal test results. In the next 6–12 months we plan a pilot with a Canadian financial partner to validate the full workflow. By Year 2 we aim for commercial release with initial clients. Partnerships with EEG hardware makers and banking consortia are in development. Our team’s expertise in AI, neurotech, and fintech positions us well to execute.

Feasibility: EEG as a biometric is proven viable (studies show high accuracy and resistance to spoofing). Blockchain identity is a major trend for secure KYC. By combining them, Lenda mitigates the limitations of each. The high growth rates in biometrics (27% CAGR) and identity verification (16% CAGR) mean that banks are actively seeking solutions like Lenda. For investors, Lenda offers exposure to a large

Built With

• c++
• django
• python