Email security is a perennial concern, and OpenID is an up-and-coming technology that’s set to become universal over the next few years. Jeremy Wyn-Harris has come up with LiquidID. an innovative way to marry the two technologies, and has successfully built and launched the service. He is looking for investment to complete his patents and market LiquidID.
The Pitch:
LiquidID is a unique and innovative extension to single sign on (SSO) systems (such as OpenID) that provide guaranteed email protection. OpenID allows a user with a single identity to logon to any OpenID enabled sites (“consumers”). LiquidID is an extension to OpenID which seamlessly distributes unique email aliases to OpenID consumers. The LiquidID server forwards received emails to the real user. If however it is determined that the alias has been compromised then the LiquidID server will reject the email.
Since LiquidID is a portal for each and every login, significant revenue can be generated by presented targeted advertisements specific to the users interests and the sites they are logging into.
This concept is protected by provisional patents but requires investment to fund full filing. Furthermore, additional provisional patents have been submitted for an alternative but similar idea in which email aliasing is applied to any outgoing email message from a standard email client or web based service to provide absolute unsolicited email protection. More information can be found online at http://liquidid.net and a business plan is available upon request.
Accomplishments to date:
- Patents filed
- Site developed and launched
Development plans:
To further the provisional IP protection with a PCT patent and market the service using online media. Extensions and refinement to the service are planned.
Key Challenges:
The main obstacle for LiquidID will be mainstream adoption of SSO (OpenID) by the general public. However assuming OpenID becomes mainstream, the primary challenge for LiquidID is ensuring people are aware of it and how it is differentiated from other OpenID providers. Alternatively if the IP is to be licensed then appropriate parties need to be made aware of the benefit and understand it’s value proposition.
Principals & Previous Experience:
LiquidID has been developed solely by Jeremy Wyn-Harris, under the privately owned entity of Epic Digital.
Jeremy has 10 years experience with start-ups. In 1998 he co-founded Epic Digital which developed an intelligent standalone Internet camera for low end security applications that was mass produced (10K units) in Australia and Singapore. Joint ventures with Hills Industries (forming Epic World Australia and SingTel (forming Epic World Singapore) were established. This was accomplished in all within 4 years and began on a shoestring budget from a garage setup. Since 2003 Jeremy has established three other significant ventures, namely The OpenSauce, Builderscrack, and UpStartGo. Builderscrack is a commercial venture that has rapidly become a profitable business, whereas The OpenSauce is a non-profit venture that has received international media attention from BBC World.
Jeremy has three published patents and one recently submitted PCT application and holds a Bachelor (Hons) and a Master degree in Electrical Engineering.
What they want from an investor:
NZD 25K is required to in the near future to further intellectual property protection. Overall a total investment of NZ$100K is being sought.
Dave’s Commentary:
If you’re keen on this kind of technology, $25K is a low buy-in price to take part in a company that has protected IP, an up-and-running product, and an entrepreneur with a track record. Jeremy seems a personable chap with a good mix of technical and business skills. From my conversations with him, he seems focussed on the desired outcomes, not afraid of hard slog, and willing to take risks.
Contact details:
JeremyWyn-Harris
Email: investment@liquidid.net
Mob: 021 0479528
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