Blockchain-Driven Carbon Credit System for Sustainable Mobility

[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)

10

[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?

No

[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.

The decision to keep some components of our project non-open source is also driven by our ambition to establish a commercially viable product. This serves a two-fold purpose. Firstly, it allows us to generate revenue as a company to fund our activities, ensuring the project's ongoing development and maintenance. Secondly, it acts as a testament to the potential of the Cardano ecosystem to facilitate not just community-driven, open source projects, but also commercially viable solutions.

Our goal is to create real value within the Cardano ecosystem that extends beyond the typical open source community projects. By building a successful commercial application on Cardano, we hope to showcase the potential of Cardano to drive growth in the capital market and foster a new wave of enterprise-level adoption. This would not only help us monetize our project but also contribute to the overall value of the Cardano ecosystem.

We believe that demonstrating successful commercialization of projects within the Cardano ecosystem can inspire other entrepreneurs and businesses to leverage the technology, thus driving the ecosystem's growth and expanding its influence. While open source projects are crucial for the collaborative growth of the ecosystem, commercially viable projects prove the practical utility and economic viability of the technology to a broader audience. It's this balance between collaboration and commercialization that we believe will ultimately drive the sustained success of the Cardano ecosystem.

[METADATA] Category of Proposal

Other

[METADATA] SDG rating

Our project aligns primarily with the following UN Sustainable Development Goals (SDGs):

1. SDG 9 (Industry, Innovation, and Infrastructure): We aim to develop a resilient and innovative infrastructure through a blockchain-based carbon credit system
2. SDG 11 (Sustainable Cities and Communities): By managing carbon emissions within the mobility sector, our project contributes to making cities and human settlements more sustainable
3. SDG 13 (Climate Action): The main objective of this project is to tackle climate change by incentivizing emission reduction through an efficient carbon credit system

Key Performance Indicators (KPIs) for our project could include the amount of carbon credits processed through the system, the number of entities using the system, and the reduction in carbon emissions achieved.

[IMPACT] Please describe your proposed solution.

Our proposed solution addresses the absence of an efficient, secure, and practical system for managing carbon credits within the mobility sector, an issue that obstructs broader emission reduction initiatives. We intend to develop and implement a proof of concept for a blockchain-based carbon credit system, leveraging the transparency, security, and efficiency of the Cardano blockchain.

The proof of concept aims to demonstrate the potential of blockchain technology to revolutionize carbon credit management in the mobility sector. By tokenizing carbon credits and verifying carbon emissions data, we can provide a transparent, tamper-resistant system that brings much-needed efficiency and reliability to the sector.

Our approach is unique as it offers a comprehensive, blockchain-based solution to carbon credit management. It incorporates emission verification, carbon credit tokenization, and system integration, creating a well-rounded approach to address the current shortcomings in the sector.

The benefits of this project are twofold. Firstly, it will showcase the potential of the Cardano blockchain in resolving real-world environmental challenges. Secondly, it will act as a stepping stone towards the development of a fully-fledged system that could be integrated into mobility services in the future.

The successful implementation of this proof of concept will underline the utility of blockchain technology beyond the financial sphere, thus expanding the reach of Cardano and reinforcing its position as a blockchain for social good.

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

Our proposed solution directly addresses the challenge by designing and demonstrating a practical, secure, and efficient system for managing carbon credits within the mobility sector using the Cardano blockchain. It specifically focuses on enhancing transparency and efficiency, which are pivotal aspects of the challenge.

The project aims to showcase the capabilities of the Cardano blockchain beyond traditional financial applications, highlighting its potential to address real-world issues such as carbon emission reduction. 

The impact on the Cardano ecosystem can be substantial:

1. Community Growth: This project could attract environmentalists, researchers, and innovators interested in blockchain's potential to resolve pressing environmental challenges. 
2. Strengthening the Ecosystem: By demonstrating a new, real-world use case for Cardano, the project can solidify Cardano's standing as a 'blockchain for social good.' This contributes to the diversification and robustness of the Cardano ecosystem
3. Problem-Solving: The project offers a solution to the issue of efficient carbon credit management in the mobility sector, thereby addressing a critical environmental problem

In terms of quantifiable impact, the primary focus during this stage is the successful development and demonstration of the proof of concept. The project will measure success by technical milestones achieved, quality of the developed system, and the insights gained about the potential of applying blockchain technology in this sector. Future implementations, depending on the outcomes of this proof of concept, can then focus on user metrics and transaction volume.

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

Success of this project will be primarily measured through the achievement of technical milestones, quality of the developed system, and the robustness of the proof of concept. 

Specifically, we intend to measure success through the following indicators:

1. Completion of Development Milestones: Successful completion of each component of the system (tokenization platform, emissions verification, and integration) within the set timeline will be a clear measure of progress and success
2. Quality of the Developed System: This will be assessed through rigorous testing and refining processes
3. Robustness of the Proof of Concept: A successful PoC would demonstrate that the blockchain-based carbon credit system can function in real-world conditions
4. Insights Generated: The project's success will also be gauged by the depth and applicability of the insights generated, including the feasibility of applying blockchain technology for carbon credit management in the mobility sector

In the short term, our project will showcase the potential of the Cardano blockchain to resolve complex environmental issues, bolstering the community's morale and Cardano's reputation. In the long term, successful implementation can pave the way for further research and practical applications, contributing to Cardano's growth and the diversification of its ecosystem.

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

We are aware of the importance of careful handling and distribution of our project's results and outputs. While the project won't be open source, we still aim to make the knowledge and understanding gained from the project widely available to benefit the Cardano community and the broader scientific community. Here's how we will go about this:

1. Documentation: We will maintain meticulous documentation throughout the project, recording our key findings, challenges, and solution
2. Publishing: We will prepare a comprehensive report detailing our work, results, and insights gained from the project
3. Presentations: Our team will share our experiences and findings at relevant conferences, webinars, and meetups
4. Knowledge Sharing: As part of our commitment to the Cardano community, we will share the learnings and best practices from our project in a manner that respects our non-open-source stance

Our project's results will be used for further research and development activities within our team. The knowledge and insights gained will guide the refinement of our solution and its potential application in other areas. While we may not be able to share the specific code or technical details, our aim is to contribute to the broader understanding of implementing blockchain-based solutions in the mobility and sustainability sectors.

[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?

The primary objectives of our Proof of Concept (PoC) project are:

1. Development of a PoC Blockchain-Based Carbon Credit System: We aim to develop a functional prototype of a blockchain-based carbon credit system, tailored for the mobility sector
2. Creation of a PoC Carbon Credit Tokenization Platform: We plan to create a simple but functional platform to tokenize carbon credit
3. Design of a PoC Blockchain-Based Carbon Emissions Verification System: We seek to develop a demonstrative system that uses blockchain to verify carbon emissions data from vehicle

Our approach to these goals will follow a step-by-step, iterative process in line with the principles of a Proof of Concept development. The steps will include:

1. Planning & Conceptualization: We will begin by sketching out the structure and mechanics of the three systems based on our understanding of the technical requirements and potential constraint
2. Design & Development: Next, we'll proceed to develop minimal viable versions of these systems using Cardano's blockchain technology
3. Testing & Evaluation: We will then conduct a series of tests and evaluations to assess whether our PoC models function as expected and can handle basic tasks efficiently

Throughout the project, we will employ regular checkpoints to assess our progress, troubleshoot any issues, and validate the feasibility of our designs. By doing this, we ensure we can adapt and make any necessary modifications to meet our project objectives effectively.

[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.

Detailed Planning & Stakeholder Engagement (Months 1-2):

• Main Tasks: Define project scope, objectives, and deliverables; Identify key stakeholders; Develop detailed project plan.
• Expected Timeline: 2 months
• Success Criteria: Approval of project plan by stakeholders, establishment of communication channels.
• Projected Cost: 25,000 ADA

Initial Design & Prototype Development of Carbon Credit System & Tokenization Platform (Months 3-4):

• Main Tasks: Create the architecture and basic design of the system; Develop initial prototypes for smart contracts and tokenization platform.
• Expected Timeline: 2 months
• Success Criteria: Successful completion of prototype development; prototypes meet designed specifications.
• Projected Cost: 75,000 ADA

Development of Emissions Verification System Prototype & Integration (Months 5-6):

• Main Tasks: Develop the basic prototype of the carbon emissions verification system; Integrate this system with the existing prototypes.
• Expected Timeline: 2 months
• Success Criteria: Completion of integrated prototype that meets initial design specifications.
• Projected Cost: 75,000 ADA

System Testing, Refinement & Finalizing the PoC (Months 7-10):

• Main Tasks: Conduct initial testing of the integrated prototype; Refine the system based on testing results; Finalize the PoC based on feedback.
• Expected Timeline: 4 months
• Success Criteria: Successful demonstration of the PoC; Positive feedback from stakeholders.
• Projected Cost: 125,000 ADA

The proposed approach for the project will be to use agile methodologies, allowing for continuous iteration and improvement of the system. This will ensure that any issues are identified and resolved quickly. Regular meetings will be set up to track progress and address any challenges. 

In terms of stakeholder communication, transparency and regular updates will be ensured throughout the project duration. They will be given the opportunity to provide feedback at each stage, which will be incorporated into the system refinements.

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

Milestone 1: Detailed Planning & Stakeholder Engagement (Months 1-2)

Deliverables: A comprehensive project plan, outlining project objectives, deliverables, team roles, and a timeline for completion. Also, a report of initial stakeholder meetings capturing their input and alignment.

Intended Outcomes: A clear roadmap for the project and buy-in from key stakeholders. This stage sets the foundation for the successful execution of subsequent milestones.

Metrics: Success will be measured by the timeliness and quality of the project plan and stakeholder engagement report.

Milestone 2: Initial Design & Prototype Development of Carbon Credit System & Tokenization Platform (Months 3-4)

Deliverables: A designed architecture of the carbon credit system and tokenization platform, and a functional prototype. A test report detailing the functionality and identified bugs will also be produced.

Intended Outcomes: A working prototype of the carbon credit system and tokenization platform, ready for further development and integration.

Metrics: Success will be evaluated based on the functionality of the prototype and the thoroughness of the test report.

Milestone 3: Development of Emissions Verification System Prototype & Integration (Months 5-6)

Deliverables: A developed prototype of the emissions verification system and a report on its integration with the carbon credit system and tokenization platform.

Intended Outcomes: An integrated system ready for extensive testing and refinement. 

Metrics: Success will be gauged by the successful integration of the systems and the functionality of the integrated prototype.

Milestone 4: System Testing, Refinement & Finalizing the PoC (Months 7-10)

Deliverables: A refined proof of concept (PoC) of the integrated system, accompanied by a detailed testing report and a finalized project documentation.

Intended Outcomes: A robust, ready-to-use PoC that demonstrates the feasibility of a blockchain-based carbon credit system in the mobility sector.

Metrics: The successful delivery of a functional PoC, thorough testing, and detailed documentation will signify the successful completion of this milestone.

Throughout the project, we will conduct regular reviews to track progress, identify and resolve issues, and ensure we are adhering to the project plan and timeline. We will also maintain open communication with stakeholders, providing updates on project status, and seeking their feedback to ensure the project aligns with the community's expectations.

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

Detailed Planning & Stakeholder Engagement (Months 1-2):

• Main Tasks: Define project scope, objectives, and deliverables; Identify key stakeholders; Develop detailed project plan.
• Expected Timeline: 2 months
• Success Criteria: Approval of project plan by stakeholders, establishment of communication channels.
• Projected Cost: 25,000 ADA

Initial Design & Prototype Development of Carbon Credit System & Tokenization Platform (Months 3-4):

• Main Tasks: Create the architecture and basic design of the system; Develop initial prototypes for smart contracts and tokenization platform.
• Expected Timeline: 2 months
• Success Criteria: Successful completion of prototype development; prototypes meet designed specifications.
• Projected Cost: 75,000 ADA

Development of Emissions Verification System Prototype & Integration (Months 5-6):

• Main Tasks: Develop the basic prototype of the carbon emissions verification system; Integrate this system with the existing prototypes.
• Expected Timeline: 2 months
• Success Criteria: Completion of integrated prototype that meets initial design specifications.
• Projected Cost: 75,000 ADA

System Testing, Refinement & Finalizing the PoC (Months 7-10):

• Main Tasks: Conduct initial testing of the integrated prototype; Refine the system based on testing results; Finalize the PoC based on feedback.
• Expected Timeline: 4 months
• Success Criteria: Successful demonstration of the PoC; Positive feedback from stakeholders.
• Projected Cost: 125,000 ADA

The proposed approach for the project will be to use agile methodologies, allowing for continuous iteration and improvement of the system. This will ensure that any issues are identified and resolved quickly. Regular meetings will be set up to track progress and address any challenges. 

In terms of stakeholder communication, transparency and regular updates will be ensured throughout the project duration. They will be given the opportunity to provide feedback at each stage, which will be incorporated into the system refinements.

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

Our proposed project cost represents excellent value for money for the Cardano ecosystem. Here's why:

Innovation and Pioneering Solution: This project represents a pioneering effort in integrating Cardano's blockchain technology with a carbon credit system and tokenization platform in the mobility sector

Skilled Team: Our team comprises experts in blockchain development and project management

Potential for Future Growth: This project lays the groundwork for future development and growth within the Cardano ecosystem

Detailed Planning and Rigorous Testing: Our project includes comprehensive planning, development, testing, and refinement stage

Community Engagement: We place a high priority on stakeholder engagement, a crucial component of our project's success

In summary, while the project's costs might seem high at first glance, they reflect the value we aim to deliver: a pioneering solution developed by a skilled team, with potential for significant future growth within the Cardano ecosystem.

[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