(CaaS) Coin as a Service for SmartDev3: Copyright, coding, and web3 development tokenization

[GENERAL] Name and Surname of Main Applicant

Rome Viharo

[GENERAL] Email address of Main Applicant

rome@bigmotherdao.com

Additional Applicants

Nitin Raj Gupta

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

3

[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.

All smart contracts created for project management, contractual obligations around milestones, milestones payment management, and arbitration will be open source.

The actual marketplace front end and back end will not be open source.

[METADATA] Category of Proposal

Dev Ecosystem Collaboration

[IMPACT] Please describe your proposed solution.

The Coin as a Service (CaaS) token introduces a new type of stable coin that provides various services for web3 creators and developers through cost effective sophisticated teams in India. In terms of scaling global crypto adoption by removing barriers to building on Cardano, CaaS also aims to be compliant with regulations related to copyright, royalties, hiring, and payments. 

This solves for a major barrier to mainstream Crypto adoption by supplying a simple, elegant mechanism in the form of CaaS which allows creators who have had legal concerns around royalties and copyright to onboard and build on Cardano.

The CaaS token and SmartDev3 platform introduce an innovative model for managing creative works, hiring, and payments in a decentralized yet compliant manner. 

The main benefits of the CaaS token are:

• Combines smart contracts with formal copyright registration of creative works, turning copyrights and royalty streams into tokens. This enables permissionless sharing and decentralized storage of wealth and assets in a compliant way.

• Addresses crypto’s technical demand through permissionless transactions for hiring coders, engineers, and production services like web design and video editing. This allows web3 communities to access various services while maintaining decentralization.

• CaaS tokens can be used on a 'SmartDev3' platform, envisioned as an "Upwork for Web3/Cardano" to connect creators and curated, trusted, and passionate developers and developer teams. Development in India offers lower cost, sophisticated services for more budget flexibility but matches that with highly enthusiastic talent based upon years of long working relationships.

To summarize: As a new type of stablecoin, the CaaS token provides price stability compared to volatile cryptocurrencies as a payment remittance delivery system, covering costs of development or service. This makes it more usable for transactions on curated talent platforms like SmartDev3.

By combining copyright, royalties, hiring, and payments into a single token, CaaS creates a versatile platform for web3 creators and developers. In synergy with this innovation and extreme development potential, SmartDev3 supplies a decentralized developer marketplace which addresses Cardano’s need for a curated, trained pool of Plutus developers, at scale.

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

CaaS along with SmartDev3 addresses two significant challenges for Cardano/Web3. 

First, it is a compliant method for community wealth generation and storage, which CaaS’s CopyCake can facilitate by using Copyright instead of equity as a permissionless instrument, Second, CaaS functions in reliable and permissionless ways in which Web3 development and community building can happen trustlessly on-chain, at a high cost-effective level for for startup budgets. 

For Cardano specifically, the ecosystem faces a development bottleneck such that new projects are limited due to the complexity and unfamiliarity of the Plutos system. This and other current scaling hurdles are described in The 2022 State of the Cardano Developer Ecosystem athttps://cardano-foundation.github.io/state-of-the-developer-ecosystem/2022/

A second major opportunity SmartDev3 solves for is that projects and would-be builders frequently have a difficult time adopting the Cardano ecosystem, resulting in their building on other chains. (We speak from experience here! Cardano was originally our first choice to build upon, and ultimately we had to move on another chain as complexity of Plutus proved too limiting, requiring too much development and learning, and therefore cost.)

In summary, SmartDev3 is Cardano's opportunity to create the world’s largest decentralized software development business with value creation for Cardano developers, businesses and communities alike. As the first contract operated marketplace of freelance developers and project management, SmartDev3 launches this year with 300+ curated, passionate developers onboard and will close the gap between development potential and on-chain reality which has limited Cardano's growth to-date.

Additionally, CopyCake’s CaaS token for Copyright creates a foundation for a new type of innovative studio system to emerge on top of Cardano. This is the first proof of concept to successfully combine smart contracts with copyright, thereby supplying the technical foundation for both artists and engineers to close the gap between value creation and value capture. 

CaaS (Coin as a Service) turns copyright into a commodity that is used to build creative projects and distribute them. It produces and distributes any copyrighted work, from visual art, music, or any narrative medium including but not limited to written works, films, mini-series, theater and games that allows for them to be funded, produced and distributed all in one ecosystem in a permissionless, on-chain manner.

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

First, SmartDev3's capability in removing this bottleneck is trackable in terms of the number of Plutus trained developers building quality products on Cardano,beginning with Big Mother’s F10 proposal as well as value exchanged on the decentralized marketplace.

Second, Cardano’s NFT and creative community will be able to use “CopyCake”, a type of CaaS token, to register their works formally with the US Copyright Office and turning their asset into a permissionless commodity.

Finally, this proposal offers a bridge between the traditional world of creatives working across film, visual art, music and more – and the frontier of development and value capture offered by Cardano. 

In projecting forward, we therefore believe that we will see and be able to track adoption of CaaS by creators outside of Web3 who witness the necessary solutions offered by Coin as a Service in terms of solving current legal hurdles.

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

Full documentation of all outputs will be publicly available on the SmartDev3 website.

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

The team has pedigree and proven success in launching multiple successful blockchain-based projects such as Rovi Network, Mall91, & OnGraph.

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

The overarching goal of this project is assisting Cardano with mainstream adoption of blockchain services that are aligned, reliable and trusted. We will do so by supplying curated dev talent and support from India's massive development pool to Cardano's emerging builders and creators, making it easier for entrepreneurs of all types to plug into Cardano’s ecosystem. 

India is a growing source of developer talent and affordability with high potential for meeting Cardano’s demand for developers at scale. Recognizing this growth potential, SmartDev3 offers business tools for running dedicated teams, benefits, and payroll integrations, while Coin as a Service functions to address legal concerns constraining mainstream crypto adoption by creators across all industries. 

[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

Key Activities/Deliverables

• Hire a senior Cardano developer to function in a “train the trainer role” and onboard our team of web3 developer.
• Cardano development activity on POC internal projects with 2 Lead developers who will assume the role of "Trainers" for further Cardano team expansion.

• Timeline: 8 weeks

Milestone 2:

• Key Activities/Deliverables: Scope existing Cardano ecosystem development priorities, including projects as well as need for country/region-specific developers (in particular: Indian developers).

• Timeline: 4 weeks

Milestone 3

• Key Activities/Deliverables: Launch “CopyCake” CaaS token for Cardano’s NFT and creative community.

• Timeline: 8 weeks

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

Milestone 1

• Output: 1 Senior Cardano Developer + 2 "Lead" Developers for Cardano capability marketplace expansion; Team Infrastructure in place for Cardano development ecosystem inside Smartdev3

• Success Criteria: Verifiable, auditable POC smart contracts and other code output developed by the initial team

Milestone 2

• Output: A well defined, clearly prioritized scope document, detailing top 5 Cardano ecosystem projects that the community would want to be developed along with an estimated time/cost to be provided to Smartdev3 platform for execution and development

• Outcome: Clear development guideline in line with expectations of Cardano community to set right initial priorities with clearly defined output per project and success criteria and budget allocations

• Success Criteria: Verifiable and consumable scope document signed off by Smartdev3 platform to start execution upon

Milestone 3

• Output: End to End CaaS (Copyright as a token service) Dapp, with smart contracts for copyright asset running on Cardano chain, run by smart contracts along with necessary and sufficient user flows for registering assets as NFTs + legal copyright claims.

• Outcome: A real life utility using Cardano chain for creative communities around the world + Smartdev3 marketplace development blueprint

• Success Criteria: Live CaaS Dapp developed by Smartdev3 ecosystem; Launch “CopyCake” CaaS token for Cardano’s NFT and creative community.

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

Milestone 1: $22,000

a) 1 Senior Cardano Blockchain Developers for 2 months - $200 an hour x 60 hours work block = $12,000

b) 2 Lead Blockchain Developers for 2 months - 50$ an hour * 80 hours work block each - total 160 hours work block - $8,000

c) 1 Project/Product Manager x $50 an hour x 20 hours = $1,000

d) Budget for Community Documentation, Communication, Reporting, Testing = $1,000

Milestone 2: $3,000

a) 1 Product/Project Manager for 4 weeks - $50X an hour x 40 hours work block = $2,000

b) Budget for Community Documentation, Communication, Reporting, Testing = $1,000

Milestone 3: $33,000

a) 1 Cardano Blockchain Developer at Smartdev3 x $50 an hour x 160 hours = $8,000

b) 2 Backend Developers * $30 an hour x 160 hours = $9,600

c) 2 Frondend Developer x $30 an hour x 160 hours = $9,600

d) 1 Project/Product Manager x $50 an hour x 80 hours = $4,000

e) Documentation, Communication, Testing = $2,000

Across Milestones 1-3: Legal fees, $5,000

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

Discovering sophisticated overseas dev teams that are enthusiastic, reliable and trustworthy is a hurdle for any startup to overcome. SmartDev is built upon networks of long term development partners. Upon completion of the project, SmartDev3 will realize a curated team of development support for web3, billing at a fraction of the cost, and delivering twice the enthusiasm to support emerging projects in a permissionless fashion.

Regarding costs, we want to ensure competitive monthly pay for a Senior Cardano Developer while supporting required expenses such as legal fees and website development which form the foundation of Coin as a Service 

India is tremendously advantageous for the Cardano ecosystem as it meets the demand for skilled Plutus developers, while also providing devs at a fraction of the salary of western developers. 

[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