Becoming a user of MYOBI starts with onboarding. Without onboarding, it is not possible to use the MYOBI services. Onboarding is the process of making the necessary preparations, including identifying and authenticating Users and checking Company data including the powers of authority.

This is done as follows.

A Person’s identification and authentication is based on their email address and mobile phone number. A Person himself provides the email address or a Trust Network User or a service desk representative provides a Person’s email address. The service desk checks whether the email address and mobile phone number are unique, each by itself and in combination.

There are different levels of certainty about the reliability of a Person’s identity. A limited trust can User increase by obtaining services from ‘identity providers’. We can think of transferring a €0.01 into MYOBI’s bank account, using IRMA, or other methods.

After successfully authenticating the Person’s identity, MYOBI creates a Personal environment or Personal Data Store (PDS). MYOBI will not do so until the Person has agreed to the TTP policy. The Person can consult the underlying (and signed) documents. MYOBI Uses smart contracting for this purpose. The PDS allows the Person to use an electronic signature.

A Person can ask MYOBI to start an onboarding process for a Company. The Person shall provide the Company’s identity or Company data and the identity information of the legal representative to the MYOBI service desk. The service desk compares the Company data with the data of the Trust Network. If the Company Data is not included, the service desk will consult an authentic source (e.g., the register of the Dutch Chambers of Commerce). If the authenticated Personal data corresponds to the Personal data of the legal representative from the authentic source, MYOBI grants the Person the powers of the “Company Admin”. In doing so, the Company also operates under the TTP policy.

MYOBI will not charge the Company any license fees until: the Company, using Smart contracting, accepts more than three agreements; or the Company indicates that it is a full User.

Of course, the Company receives a signal from MYOBI before the limit of three contracts is reached.