45B - Pragmatik Extracts - Open-source community built Solution to get Accounting Extracts from Cardano for free

[GENERAL] Name and surname of main applicant

Pedro Lucas - 45B

[GENERAL] Email address of main applicant

lucas@45b.io

Additional applicants

45B team - https://45b.io

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

12

[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.” .

No dependencies

[GENERAL] Will your project’s output/s 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.”

Project will be fully open source

[METADATA] Category of Proposal

Other

[IMPACT] Please describe your proposed solution.

Although transaction extracts are a need for virtually all organizations working or relating with crypto, extracts/accounting solutions and knowledge are fairly hard to find. Existing SaaS solutions are pricy, complicated although sometimes functionally incomplete, and even generating miscalculations at times. Also, accounting and legal partners are scarce globally and also pricy and/or not fully trained.

Pragmatik Extracts will be a Cardano-native solution for organizations to have clarity on all their on-chain transactions on Cardano, plus the ability to export them into their overall bookkeeping and management tools.

The project will evolve as a community built open-source tool that should be easily deployable without considerable infrastructure.

The project development and success with be a joint venture between Cardano organizations and legal and accounting bureaus. Facilitating the gathering, training and a feedback loop for discovering reliable legal/accounting partners.

Users will be able to add stakeKeys and or walletAddresses to be tracked. Pragmatik will gather all transactions and allow to curate content if necessary (remove/add redundant/missing transactions where necessary), classify/enrich movements with meta-data, and export them in the most needed formats (whether user-readable or bound for technical integration to other applications).

Output formats should evolve from a generic output standard into several application-specific formats (QuickBooks, Xero, Wave). The open-source nature of the solution guarantees that any relevant user group (e.g. a location with different needs) can leverage the solutions to develop and satisfy those needs.

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

“Business solutions - Software products, data management, process management, data management solutions (CRM, ERP etc), privacy products.”

This project addresses directly the directive above, providing a free bookkeeping extract alternative to using expensive SaaS solutions.

The impact of this is that Small and Medium Businesses, DAOs and communities in general will have less barriers to using Cardano and including it in their activities as intensively as of value for them.

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

For the application side:

• Contributors to the open-source repository
• GitHub activity (Merges, Pull Requests, Issues solved)
• Features built and suggested

From the community side:

• Active Members in open discussion and collaboration
• Engagement and feedback on social media
• Possibly constitution or absorption by a DAO

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

45B will use it’s social media, blog and other media to promote:

• The call to action for the community to come build this solution
• Formal specifications as they mature
• The running solution, to make it available for use
• Reach out for partnerships and networking in general around the topic of accounting extracts

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

45B is composed of and has access to professionals with an extensive track record of delivering solutions in Finance, Banking and other lines of business. Also they are responsible in helping the promotion and socials of some players in the Cardano ecosystem.

Having deep understanding on how the Cardano blockchain records transactions, and how accounting software works, we will initially take on specifications for this solution. Next we’ll promote the creation of a community of developers who will contribute to implementing the solution, sponsored by bounties from this proposal.

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

The main goal of this proposal is to create a community to contribute in creating a solution to enable exporting transactions without restrictions or cost.

This is feasible because there is abundant knowledge and skills about processing the blockchain into data that can then be exported. Having the sponsorship of this proposal will enable 45B to initially coordinate those efforts.

[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.

Stage 1: Gathering a Pragmatik community - 2 months

• Promote the initiative
• Network with existing relevant communities 
• Create spaces for conversation
• Identify key technical contributors who can act as technical leads
• To ensure a consistent technical approach and reviews

Stage 2: Inicial specifications - 2 months

• Periodically gather the community for discussions
• Identify the main use cases to prioritize
• Obtain insight/destination formats and prioritize them
• Consulting with bookkeeping professionals
• Workshop an branch out specifications

Stage 3: Community building Sprints - 5 months

• Break down work into bounties of development units
• Including unit testing and documentation
• Establish a group of key end-users to be doing UAT
• Define User Acceptance Testing cases and criteria
• This stage will repeat several times to fulfill a reasonable amount of functionalities

Stage 4: Community usage and feedback - 2 months

• Promote the use of a beta version
• Create spaces to present the tool and gather feedback
• Create bounties to implement changes

Stage 5: Close out and knowledge sharing - 1 month

• Document learnings throughout the project
• Prepare a close-out report
• Transition the project to community maintenance

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

The main outcome of this project will be a self-sustainable community that maintains a solution for free accounting extracts from Cardano transactions.

Stage 1: Gathering a Pragmatik community

• Creating a community around this purpose
• Have a concrete set of technical leads

Stage 2: Inicial specifications

• Clear specifications for the main use cases

Stage 3: Community building Sprints

• The running solution of Pragmatik Extracts

Stage 4: Community usage and feedback

• Gather and implement feedback

Stage 5: Close out and knowledge sharing

• Project should be self sustainable without further Catalyst support

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

Funds for development bounties

$50 x 40hrs x 7 modules = $14 000

Funds for technical leads

60$ x 7hrs x 7 modules = $3 185

Technical specifications and testing overview

$50 x 7hrs x 7 modules = $2 450

Promotion and community building/moderation

$45 x 2hrs/week x 52 weeks = $4 680

Consulting with bookkeeping professionals

$1500 

Total $25 815 at $0.30/ADA = aprox 86 050 ADA

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

This solution will benefit countless organizations on Cardano. Virtually every DAO, Community or Small and Medium Business will save hundreds of dollars in monthly fees in SaaS solutions.

Approving this proposal will also be a very healthy exercise for the Cardano Open-source community and result in forming a new group of maintainers around this solution.

The services budget is according to or below standard rates for these professional services in Europe or the USA.

[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