Generating verifiable invoices at zero cost is an unsolved problem. I prototype a standard and solution which can be used & understood by further financial technology.
This will be an MVP of a new invoicing technology with enchain data structures. These can be satisfied uniquely according to programmable conditions, enabling a cornucopia of fintech innovation.
This is the total amount allocated to Invoicing SDK.
No others.
No dependencies.
Project will be fully open source.
I will implement an invoicing utility tool on the Cardano blockchain which can be integrated with other finance projects, or used standalone. It will be possible for parties to share a single hash-string in order to specify any invoice. I will be making use of onchain data structures I am developing in order to allow uniqueness guarantees (classes of invoices can only be satisfied once, or x times). You will be able to specify outputs & datums, making this compatible with scripts (an invoice could immediately place an order into a batching contract, allowing it to be paid in one currency and received in another).
This will be the first solution which allows zero-cost generation, and also prevents invoices being paid twice. It will become vastly cheaper to utilise this over traditional tools. The entire fee cost will be from one single transaction (may even be less, paying multiple in one tx).
The impact will be from two sources:
This solution will be infrastructure for other projects to develop upon, and also for businesses to interoperate their requests by using the same smart contract.
This will enable low-cost financial innovation in the invoicing space. This would be directly useful to me as a developer-contractor and may potentially even be used in future catalyst rounds to receive funds.
Outputs will be shared on GitHub. Releases will be version-tagged. Towards the end there will be an app I host which enables a simple use-case of the final solution.
Design & documentation will join the code on GitHub.
I will attempt to bring attention to the protocol (and standard) through a CIP. Then, introduce it to relevant development channels (Cardano stack exchange, reddit forum, discord).
I will make my twitter followers aware of the development and engage them with progress.
I am a full time developer with experience in this field. I am part of multiple smart-contract development teams and have previously delivered on smart-contract solutions. This includes my work at Lenfi & Yamfore bringing them each to testnet stage.
The goal is to improve invoicing on Cardano, driving up user adoption for related financial products. We will enable zero-cost invoicing with low-cost fulfilment.
Working tests, unit tests, app, will be indicative of success within the scope of this proposal.
1st two months-
33333 ada
last month- remainder
There is two months buffer while I work on the distributed data structures. Real scope is 3 months, but 5 months from catalyst funding start.
The rate for this works out to well below my usual.
Myself, I will implement this entire proposal.