Blockchain-based Carbon Credit Solutions in Transportation

[GENERAL] Name and Surname of Main Applicant

Oussama Benmahmoud

[GENERAL] Email address of Main Applicant

oussama.benmahmoud@peak-soft.de

Additional Applicants

Abderrahim Issaoui

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

6

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.” in this field.

No dependencies.

[GENERAL] Will your project outputs be fully Open Source?

Yes

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.” in this field.

Project will be fully open source.

[METADATA] Category of Proposal

Education

[METADATA] SDG rating

Our project aligns primarily with SDG 13 (Climate Action) - Take urgent action to combat climate change and its impacts, specifically target 13.2: Integrate climate change measures into national policies, strategies, and planning.

Additionally, the project also connects with SDG 11 (Sustainable Cities and Communities) - Make cities and human settlements inclusive, safe, resilient and sustainable, particularly target 11.6: Reduce the environmental impact of cities.

Finally, our initiative links to SDG 9 (Industry, Innovation, and Infrastructure) - Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation, specifically target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable.

[IMPACT] Please describe your proposed solution.

Our proposed solution addresses a critical issue in the mobility sector - the lack of a transparent, efficient system to track carbon credits. Traditional methodologies for monitoring carbon emissions and managing credits are often complex and susceptible to inaccuracies and fraudulent activities. They also do not provide an incentivizing mechanism that encourages emission reduction.

We propose to conduct a comprehensive feasibility study that will explore the potential of a blockchain-based carbon credit system in the mobility sector. The unique feature of this solution is the use of blockchain technology, which inherently provides transparency, traceability, and security. We believe that these characteristics of blockchain can help resolve the existing issues in managing carbon credits.

Our approach will involve rigorous market research, data collection, and analysis. We plan to partner with a reputable research institution to ensure the academic rigor and credibility of our study. The findings of this study will be shared widely through various channels including events, webinars, blogs, and a dedicated web portal.

The direct beneficiaries of our solution will be entities in the mobility sector including automotive manufacturers, transportation companies, and regulatory bodies. However, the potential impact is much wider. By encouraging emission reduction in the mobility sector, we can contribute to combating climate change, benefiting communities worldwide.

This project is of great importance to the Cardano ecosystem for several reasons. Firstly, it showcases the versatility and potential of blockchain technology in addressing real-world problems, reinforcing Cardano's vision. Secondly, by contributing to sustainability efforts, it helps build Cardano's image as a socially responsible platform. Lastly, the project opens up opportunities for the development of blockchain-based solutions in the carbon credit market, a field that is rapidly growing and holds significant potential.

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

Our proposed solution addresses the core challenge of transparency and efficiency in tracking and managing carbon credits within the mobility sector. By evaluating the feasibility of a blockchain-based solution for this issue, our project aims to pave the way for leveraging Cardano's blockchain technology to combat climate change.

The impact and value for Cardano are multifaceted. Firstly, it aligns with Cardano's mission of leveraging blockchain for societal good and brings attention to the platform's potential to address sustainability challenges. This reinforces the relevance of Cardano in a world increasingly concerned about environmental issues.

Secondly, our project can potentially attract new stakeholders to the Cardano ecosystem. As we share the findings of our study with automotive manufacturers, transportation companies, regulatory bodies, and the wider public, we can generate interest and bring new users to the community. 

Thirdly, our project can contribute to strengthening the Cardano ecosystem. By investigating the practicality of a blockchain-based carbon credit system, we can identify potential hurdles and solutions, fostering technical growth within the ecosystem. 

Lastly, this feasibility study sets the foundation for potential development of a blockchain-based solution in the carbon credit market. This could lead to an increased number of transactions on the Cardano network, enhancing its value. 

In terms of quantifying the impact, it's difficult to provide specific numbers at this stage. However, the mobility sector represents a significant portion of the global economy and is under increasing pressure to reduce emissions. Thus, the potential for Cardano to make a substantial impact through this project is significant.

[IMPACT] How do you intend to measure the success of your project?

Measuring the success of our project will involve both qualitative and quantitative elements, reflecting the comprehensive nature of a feasibility study. 

1. Completion of the Feasibility Study: The most direct measure of success will be the completion of the study itself, providing detailed insights into the potential for a blockchain-based carbon credit system in the mobility sector
2. Quality of the Report: The report produced should be comprehensive, clear, and provide actionable insight
3. Stakeholder Engagement: Success will be measured by the level of engagement and positive feedback received from stakeholders throughout the project, and especially in response to the final report
4. Dissemination of Results: The reach of our webinars, blog posts, events, and the dedicated web portal will be another key measure of success
5. Follow-up Actions: Another significant measure of success will be the interest and actions taken based on our study

In the short term, our project will enhance Cardano's visibility in the field of sustainable mobility and carbon credits, potentially attracting new stakeholders. In the long term, if the study's findings are positive and a blockchain-based carbon credit system becomes reality, it could result in an increased number of transactions on the Cardano network, contributing to its growth and productivity.

[IMPACT] Please describe your plans to share the outputs and results of your project?

Our project aims to have a significant impact, and sharing its results widely is a key part of this. Our dissemination plan includes the following:

1. Dedicated Web Portal: We will create a web portal specifically for this project
2. Webinars and Events: We will host a series of webinars and events to present our finding
3. Blogs and Articles: We will write a series of blog posts and articles to break down the key findings of the report into accessible, digestible piece
4. Engagement with Cardano Community: We will regularly update the Cardano community on our progress and findings, encouraging feedback and discussion

As for the use of the results, we hope that our feasibility study will stimulate further research and development activities. If the study finds that a blockchain-based carbon credit system in the mobility sector is feasible, it could inspire pilot projects or full implementation efforts. Even if the results indicate significant challenges, they can still be invaluable for understanding what those challenges are and exploring possible solutions. Thus, the outputs of our project could form the basis for numerous future initiatives, both within and outside the Cardano ecosystem.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

As PeakSoft GmbH, a Germany-based consulting company, we bring an extensive range of skills and experiences to the table, making us uniquely positioned to deliver this project.

• Company Reputation and Track Record: Over the years, we have established ourselves as a trusted entity, working with large-scale applications and big clients. Our projects' success, including partnerships with leading German automakers, underscores our ability to deliver high-quality results and manage large-scale projects efficiently.
• Solid Team Foundation: Our company boasts six full-time employees, each bringing their expertise in diverse disciplines such as software development, quality assurance, project management, and blockchain technology. This strong internal structure will ensure that all aspects of our project are managed effectively.
• Extended Resources: Beyond our internal team, we have access to an extensive network of external consultants. Should the need arise, we can swiftly deploy additional resources to ensure our project progresses without disruption.
• Web2 and Web3 Expertise: Our team members are pioneers in both web2 and web3 technologies. We have in-depth experience in large-scale software quality assurance and application development. Furthermore, our involvement as Plutus Pioneers and Atala PRISM Pioneers showcases our deep-rooted understanding and commitment to the Cardano ecosystem.
• Transparency and Accountability: We prioritize maintaining clear communication with the community. Regular progress reports and periodic webinars and Q&A sessions will be organized to keep stakeholders updated. Our stringent budgeting and auditing procedures will ensure that funds are managed appropriately and used as intended.

While our current budget allows for the completion of our proposed project, we may consider seeking additional funding in future Catalyst rounds. This would enable us to introduce new features and expand our project's scope. Any additional funding required will be detailed in a separate, new proposal.

To track the progress of our project, we'll implement Agile methodologies, particularly Scrum, and set clear acceptance criteria for each project component and deliverable. We'll also make use of Scrum boards and product backlogs to provide a transparent and constantly updated view of our progress.

For us, success is not merely about reaching milestones. It also involves accomplishing our established acceptance criteria and user stories within our sprints, and successfully delivering the first product increment within the proposed timeline. In essence, success means delivering a product that meets our high-quality standards and offers real value to the Cardano ecosystem.

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

Our project's primary goal is to conduct a comprehensive feasibility study on implementing a blockchain-based carbon credit system in the mobility sector. To validate if our approach is feasible, we have outlined the following objectives:

1. Conduct Detailed Market Research: We aim to gather comprehensive data about the current state of the mobility sector and existing carbon credit system
2. Evaluate Potential Blockchain Solutions: Our study will assess different blockchain solutions, their technical and economic practicalities, and their potential to improve carbon credit tracking
3. Identify and Address Potential Challenges: Part of the feasibility study will be identifying potential obstacles, including technical complexities and regulatory issue
4. Determine Impact on Greenhouse Gas Emissions: Ultimately, the goal is to see how this system can help reduce greenhouse gas emission
5. Disseminate Findings: We aim to share the results widely to maximize the study's impact

If our study successfully fulfills these objectives, we will consider our approach feasible. It's important to note that the success of our project does not solely hinge on the outcome of the feasibility study - whether or not a blockchain-based carbon credit system is deemed feasible. Rather, success lies in gaining a better understanding of the possibilities and challenges of such a system, thereby laying the groundwork for future initiatives.

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Milestone 1: Project Planning and Stakeholder Engagement (1 month, 15k ADA)

• Assemble the project team
• Identify and engage key stakeholders
• Develop the detailed project plan

Milestone 2: Market Research and Data Collection (2 months, 35k ADA)

• Investigate the current state of the mobility sector
• Study existing carbon credit systems
• Gather data on potential blockchain solutions
• Conduct interviews and surveys with industry experts

Milestone 3: Analysis and Drafting of Initial Findings (1 month, 30k ADA)

• Analyze collected data
• Evaluate potential blockchain solutions
• Identify possible challenges and strategies to overcome them
• Draft initial findings of the study

Milestone 4: Preparation of the Final Report and Adjustments (1 month, 35k ADA)

• Revise and adjust findings based on team discussions
• Prepare the final version of the report

Milestone 5: Final Report Presentation and Dissemination (1 month, 35k ADA)

• Present the final report to stakeholders
• Publish the report on various platforms (e.g., web portal, webinars, blog posts)
• Engage in various promotional activities to ensure wide dissemination

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1: Project Planning and Stakeholder Engagement

• Deliverables: A comprehensive project plan, list of engaged stakeholders, and project team.
• Intended Outcomes: Establishment of the project foundation and collaboration lines with key stakeholders.

Milestone 2: Market Research and Data Collection

• Deliverables: Comprehensive research report detailing the current mobility sector and existing carbon credit systems, raw data from interviews and surveys.
• Intended Outcomes: A broad and thorough understanding of the problem landscape and the necessary data for further analysis.

Milestone 3: Analysis and Drafting of Initial Findings

• Deliverables: An initial draft of the findings and analysis, preliminary identification of challenges, and strategies to overcome them.
• Intended Outcomes: Clarity on the feasibility of the proposed solution, and the groundwork for the final report.

Milestone 4: Preparation of the Final Report and Adjustments

• Deliverables: Final report draft with revisions and adjustments based on discussions and reviews.
• Intended Outcomes: A refined and comprehensive report detailing the feasibility of a blockchain-based carbon credit system.

Milestone 5: Final Report Presentation and Dissemination

• Deliverables: A published final report, recorded webinar, and blog posts detailing the findings.
• Intended Outcomes: Wide dissemination of the project's results, promoting the potential of a blockchain-based carbon credit system in the mobility sector.

To measure our project's progress, we'll keep track of the completion of each milestone's deliverables and outputs. The successful achievement of the intended outcomes will further confirm the project's progress. We'll also consider feedback from stakeholders and the community to ensure the project remains on track and relevant.

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

Milestone 1: Project Planning and Stakeholder Engagement (1 month, 15k ADA)

• Assemble the project team
• Identify and engage key stakeholders
• Develop the detailed project plan

Milestone 2: Market Research and Data Collection (2 months, 35k ADA)

• Investigate the current state of the mobility sector
• Study existing carbon credit systems
• Gather data on potential blockchain solutions
• Conduct interviews and surveys with industry experts

Milestone 3: Analysis and Drafting of Initial Findings (1 month, 30k ADA)

• Analyze collected data
• Evaluate potential blockchain solutions
• Identify possible challenges and strategies to overcome them
• Draft initial findings of the study

Milestone 4: Preparation of the Final Report and Adjustments (1 month, 35k ADA)

• Revise and adjust findings based on team discussions
• Prepare the final version of the report

Milestone 5: Final Report Presentation and Dissemination (1 month, 35k ADA)

• Present the final report to stakeholders
• Publish the report on various platforms (e.g., web portal, webinars, blog posts)
• Engage in various promotional activities to ensure wide dissemination

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

Our project represents excellent value for money for the Cardano ecosystem for several reasons:

1. Scope and Scale of Impact: The problem we are addressing, the lack of an efficient and transparent carbon credit system in the mobility sector, is a global issue
2. Partnering with Research Institutions: By partnering with established research institutions, we ensure that our study benefits from robust academic methodologies, thus maximizing the quality and relevance of our finding
3. Costs Reflect the Complexity of the Task: Our project involves several complex tasks, including market research, data collection, analysis, report writing, and stakeholder engagement
4. Rates Based on Industry Standards: The costs for personnel and services are based on industry standards and average wage rates in the sector
5. Maximized Utilization of Funds: We will ensure that every ADA allocated will be directed towards activities that contribute to the realization of our project's objective

We believe that our budget reflects the project's complexity, the scale of impact, and the resources required. Ultimately, we see this project as an investment that will drive Cardano's use-case expansion and reinforce its position as a leader in blockchain solutions for real-world problems.

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept