Blockchain-backed, all-in-one digital asset management and disbursement built on a proprietary security platformTeam Clocr
Are you employed by T-Mobile or related to an employee of T-Mobile?
Website or social media url(s) (optional):
Website: www.clocr.com Facebook: Clocr Inc
Date You Started Your Project Started
Project Stage: Select the description below that best applies to your approach.
Growth (have moved past the very first activities; working towards the next level of expansion)
1. The Problem: What problem are you helping to solve?
The three major problems in the legacy planning and medical directives space are that people don’t have wills or medical directives or forget where they “safely” kept them, and that beneficiaries and healthcare professionals lack access to these important documents. Having a will and all additional important paperwork in one place is especially important in case of natural disasters, sudden medical emergencies/death, etc.
2. Your Solution: How are you planning to solve this problem? Share your specific approach.
We built a secure, integrated, cloud-based platform that helps you store and share your most important, sensitive documents with your family and friends and keeps your asset portfolio up to date. We provide instant access and guaranteed disbursement of your important documents to your beneficiaries. Customers are able to organize their assets into groups, such as land, medical directives, wills, stocks, etc. and upload supporting documents for each asset in each group. We offer this feature so that people don’t have to keep track of stacks of paperwork for every asset that they own. Then, the customer is able to assign a beneficiary for each of their assets. They have complete control over who, when, and how many the beneficiaries are able to see in regards to the information on their assets. Our platform allows people to shift away from keeping boxes of important paperwork in their attic and consolidate all information regarding their legacy, all under a patent-pending security protocol.
3. Personal Journey: What’s the story behind why you decided to start this project?
My grandfather passed away a few years ago, and my dad was tasked with going through the dozens of boxes of papers that my grandparents had kept in storage to see if there was anything important my grandfather had left behind for us. My dad had no idea what to look for, who he wanted his beneficiaries to be, and so many other questions that seemed so trivial compared to my grandfather’s death. A year later, my mother had passed out at home after getting sick and was rushed to the hospital to undergo a surgery. Luckily, I was with my mom and was able to tell the doctors that my dad was her medical proxy and were able to get consent for surgery in a timely manner. However, this isn’t the case for many other patients and having information readily available can mean the difference between life and death. That is why I started Clocr- to ease the agony of families and help them be prepared.
4. Selfie Elevator Pitch: Include 1-minute video that answers the following “I am stepping up to make change because…”
5. Example: Please walk us through a specific example of what happens when a person or group gets involved with your project.
After making an account with Clocr, customers are able to create groups based on what assets and/or digital assets they own and upload any supporting documents they have for each asset that they own within each group. Then, customers can assign beneficiaries and designate how much of each assets’ paperwork they want them to see. The customers then are able to add a few of their friends or family (if they weren’t already added as beneficiaries) and are engaged in an ongoing checking and alerting process every 6 months to 1 year to make sure that everyone in the loop is safe and healthy. If someone in the loop passes away, Clocr requires government-issued proof, and then we release the information about how to access estate information to the designated person. The ultimate goal is to encourage people to consolidate their legacy and make sure everyone is taken care of (especially children)
6. The X Factor: What is different about your project compared to other programs or solutions already out there?
Although we offer document storage capabilities, we differ from other companies with our beneficiary allocation feature. No other company currently allows customers to assign who exactly they want their assets to go to. In addition, our patent-pending security platform is another unique feature of Clocr. We use IPFS technology to keep our customers’ sensitive information safe and secure. Overall, Clocr’s all-in-one aspect that allows customers to keep all their private information in one place and easily accessible when needed is our biggest differentiator (currently not offered elsewhere).
7. Impact: How has your project made a difference so far?
We officially launched our service this past June (2019) and currently have about 500 users. We spent about a year and a half in the development of our platform and currently offer basic document storage capabilities, beneficiary allocation, and our proprietary security platform. We are currently working on marketing our service in both B2B and B2C routes. Our advisory board consists of senior living professionals, estate lawyers, employee benefits reps, and more. We are in the process of figuring out potential partnerships with estate lawyers, senior living facilities, and Clocr has a security plug-in. We hope to continue to grow our user base and form partnerships with established businesses!
8. What’s Next: What are your ideas for taking your project to the next level?
We officially launched our basic Clocr service this past June, and we have many features that we want to incorporate over the next few years. One of our long term goals is implementing a SMART will feature, where customers are able to edit their wills dynamically as they gain and sell their assets. Today, people have to manually edit their wills through a lawyer, which can be expensive and time consuming. Next, we are working on partnerships with clinics and hospitals to allow physicians and doctors to get easy access to medical documents such as DNR requests, medical proxies, medical directives, etc. Third, we are working on blockchain implementation for authentication and fraud detection, because our customers’ security comes first.
9. Which of the following types of expertise would be most useful for you?
- Brand Development
10. Finances: If applicable, have you mobilized any of the following resources so far?
- Friend support
- Family support
- Donations less than $100
How did you hear about this challenge?
- Social media