Savdlife proposes using blockchain technology to create a decentralized database of gun sales information to reduce the time required for gun tracing from days to minutes. Currently there is no centralized system due to laws preventing such a registry. Their solution would anonymously store location, dealer, date and gun details on blockchain. This would allow tracing within minutes versus the current 4-7 business days. It outlines plans to generate revenue from government agencies paying for increased tracing capabilities and from anonymous aggregate data sales to other groups like insurance companies. The business model projects trace revenue growing from $1M in 2019 to $124M in 2023 as volume increases from 10,000 to 600,000 traces annually.
3. 2mm people marching
46,897/year
people were killed or injured by guns in 2017
128/day
people were killed or injured by guns in 2017
450,000 gun tracing
investigations
costing over $300 MM in Taxpayer dollars
4. Content
I. How can Savdlife help?
II. Unique positioning
III. Growth
IV. Future opportunities
V. Team
VI. Appendix
6. Problem statement
4 - 7 business daysto track a gun after an event because our laws
prevent a centralized gun repository
450,000 gun tracing investigations
11. Our solution
Decentralized blockchain system to reduce gun tracing process from DAYS to MINUTES
by storing gun sales information pseudonymously
Dealer
ATF and other
agencies
Decentralized gun database
13. Solution Advantages
Tamper resistant
blockchain system
Decentralized
Pseudonymous data at the
point of sale with gun
owner privacy
Quick tracing and
powerful predictive
Analytics (Future)
Searchable
Bipartisan
SAVDLIFE
Cost & Time saving
15. Expansion to
Local, State &
Fed Agencies
● Self-registered whitelisting (similar to
TSA precheck) offering for gun owners
● Nextdoor / Facebook for gun owners
Future Opportunities
Insurance and real estate
agencies
16. Team
● Combined leadership experience in
product management, consulting and
engineering
● MBA- The Wharton School
● MS in Computer Science – Stony
Brook University, NY
● Background in data analytics,
marketing and sales
● MBA - Santa Clara University
18. 10-day
wait
required
before
delivery
Buyer go
directly to
dealer
Present proof of
identity and age
(driver license)
Firearms eligibility
background check
by DOJ
Handguns
sales and
transfer
Longguns
sales and
transfer
Sales between 2
private parties:
transaction at
dealer
“Private Party
Transfer” form
Gun sales and transfer process
19. Business model
ITEM 2019 2020 2021 2022 2023
Primary Revenue Source - Trace Cases (ATF + Other agencies)
Trace quantities 10,000 100,000 300,000 450,000 600,000
Cost / Trace $100 $120 $144 $173 $207 (20% growth)
Revenue from Trace $1,000,000 $12,000,000 $43,200,000 $77,760,000 $124,416,000
Secondary Expansion Revenue
Aggregate Anonymous Data Requests (Insurance, Real Estate, Neighborhood
businesses)
(6000 insurance companies, 86,000 Real Estate brokerage firms, 1500 new
SMB) - - - 1,000 1,500
Annual subscription Fee $1,000 $1,200
Revenue from Anonymous aggregate data requests $1,000,000 $1,800,000
Total Revenue $1,000,000 $12,000,000 $43,200,000 $78,760,000 $126,216,000
Total Costs (40% operating Margin) $400,000 $4,800,000 $17,280,000 $31,504,000 $50,486,400
Operating Margin $600,000 $7,200,000 $25,920,000 $47,256,000 $75,729,600
20. Laws
The 1968 Gun Control Act gave the ATF authority to regulate federally licensed gun dealers. In
1978, the ATF tried to make dealers report most sales each quarter. The National Rifle
Association and other groups denounced the plan, and lobbied to kill the reporting
requirement.
In 1986, Congress enacted the Firearms Protection Act, which bans the ATF from creating a
registry of guns, gun owners or gun sales.
Congress also put a rider barring the agency from “consolidation or centralization” of gun
dealers’ records in every spending bill affecting the agency from 1979 through 2011, then made
the prohibition permanent, under law.
21. Reference
Slide 2:
Number of people marching at March for our lives event: Link
Number of death and injuries by gun (2017): Link
Number of gun tracing requests (2017): Link
Slide 6:
Average time for a gun trace: Link
Slide 6 and slide 20:
S.49 - Firearms Owners' Protection Act. Link