AgroTechnology Cardano: empowering Food Security & Sovereignty with Tokenization, Real-Time Traceability, Sovereign Identity, Quality Certificates NFTs, IoT Sensors, AI, Data Science, Precision Farming, Smart Contracts, and R&D.

[GENERAL] Name and surname of main applicant

Ciro F. Gélvez Pedroza

[GENERAL] Email address of main applicant

ciro.gelvez@wseeds.co

Additional applicants

Juan Vargas (Physicist - Software Engineer)

Pablo Lazo (Systems Engineer - Blockchain Arquitect)

Camilo Ávila (Economist - Financial Advisor)

Nicolás Mantilla (Agroindustrial Engineer - Innovation Catalyst)

Jesús Prada (MsC Physicist - Data Scientist)

Valentina Sandoval (Anthropologist- UX Researcher)

Angélica Herrera (Physicist - Front End Developer)

Maria Camila Jaramillo (Designer - UI/UX Designer)

Carlos Posada (Mechanical Engineer - Agrotech Entrepreneur)

Andrés Arias (Mechatronics Engineer - IoT Engineer)

[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

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

We want to become Open Source in approximately 5 years

[METADATA] Category of Proposal

Other

[METADATA] SDG rating

SDG 1: No Poverty: The present project will elevate the incomes level of millions of farmers into depressed countries through the elimination of intermediary people, who carry themself the major incomes of the farmer's products. Also, because not will sell their products in a local market, but their products will sell in foreign markets, at much higher prices. Projected initially to Colombia and Perú, it will plan applies this project in every country where the farmers’ incomes for the sale of their products would be underpaid.

SDG 2: Zero Hunger: Our project aims to increase agricultural productivity and improve access to nutritious food, contributing to the reduction of hunger and malnutrition. By implementing technologies such as tokenization and traceability in the agricultural sector, we seek to optimize crops and enhance efficiency in the food supply chain, ensuring they reach those in need.

SDG 3: Good Health and Well-Being: When we elevate the farmers' incomes and improve their capability of feed, we are eliminating the origin of several diseases like anaemia and undernourishment. Also, our project needs electrical energy and connectivity to the cloud computing, to get this in remote places, we will need to install solar panels and satelital antennas. These components will improve the well-being of the farmers and their families. The electrical energy will enable the capacity to have stoves to be hot in iced season, reducing the incidence of respiratory diseases. The Internet access will let them to have a basic level of medical assistance.

SDG 4: Quality Education: As we mentioned, our project will need to connect to the cloud computing, then we can offer Internet access to the farmers and their families let it them several sources of education and information, access to forums and information communities.

SDG 7: Affordable and Clean Energy: Because a high percentage of the farmers are in remote places, where there is no electrical energy, the present project includes the installation of solar panels.

SDG 8: Decent Work and Economic Growth: The principal objective of this project is that the farmers around the world, will increase their incomes with a decent work, then have an economic growth.

SDG 9: Industry, Innovation, and Infrastructure: Through the incorporation of technologies like tokenization, IoT, data analysis, and traceability in agriculture, our project drives innovation and enhances agricultural infrastructure. By promoting the use of technological tools, we aim to increase the efficiency of agricultural processes, reduce losses, and improve product quality, thereby fostering a more sustainable agricultural industry.

SDG 10: Reduces Inequalities: The high farmers economic growth, access to the Internet and the electricity, and the improve of their well-being, will let them equalize the development opportunities with the people of the city, and reduce significantly or eliminate the current gap.

SDG 12: Responsible Consumption and Production: Our initiative promotes the adoption of sustainable agricultural practices, product traceability, and quality certifications. By utilizing technology to monitor and optimize the use of natural resources, we minimize the environmental impact of agricultural production. Additionally, by providing transparent and reliable information about products, we encourage responsible and sustainable consumption.

SDG 13: Climate Action: Through the implementation of advanced technologies such as IoT sensors and data analysis, our project aims to improve resource management and efficiency in agriculture. By optimizing irrigation, fertilization, and other agricultural processes, we strive to reduce greenhouse gas emissions and mitigate the impact of climate change on the agricultural sector.

SDG 17: Partnerships for the Goals: Our project is built upon collaboration and the formation of partnerships among various stakeholders in the agricultural sector, including farmers, investors, government entities, and civil society organizations. Through these alliances, we seek to promote the exchange of knowledge, resources, and best practices, with the goal of collectively driving sustainable development in agriculture and making a significant impact on society.

[IMPACT] Please describe your proposed solution.

Our proposed solution aims to address the challenges in the agricultural sector through the implementation of a comprehensive technology ecosystem. We perceive the problem as a lack of access to advanced technologies and efficient processes, which hinders productivity and profitability for farmers.

The approach we have chosen involves tokenizing farmland and utilizing various technologies such as IoT, AI, and blockchain. By investing in cultivation processes and infrastructure, we aim to optimize crop yields and improve efficiency throughout the agricultural supply chain. This approach not only benefits farmers by increasing their profitability but also promotes sustainable agricultural practices.

Our project engages multiple stakeholders, including farmers, investors, government entities, and certification agencies. By fostering collaboration and partnerships, we can leverage collective expertise and resources to drive meaningful change in the agricultural industry. Through real-time traceability and data analysis, we will demonstrate the impact of our solution, showcasing increased productivity, improved resource management, and enhanced transparency.

What sets our solution apart is its holistic and inclusive approach. Farmers will benefit from increased profitability, reduced risks, and access to advanced technologies. Investors will find an attractive opportunity for sustainable investments with transparent and traceable returns. For Cardano, our solution aligns with its core values of promoting social and economic empowerment, sustainability, and technological innovation.

By leveraging blockchain technology and implementing robust data management systems, we ensure the security, privacy, and integrity of information. This is particularly important in the agricultural sector, where reliable and verifiable data is crucial for certification, quality control, and supply chain management.

Our solution offers a transformative approach to the agricultural sector, leveraging technology to overcome existing challenges. With a focus on sustainability, transparency, and productivity, we aim to empower farmers, drive economic growth, and contribute to global food security.

Our proposed solution involves a step-by-step process that begins with the purchase of tokens and extends to the investment in the cultivation processes, as well as the implementation of traceability for farming activities.

1. Token Purchase: The process starts with interested individuals or investors purchasing tokens that represent ownership of a specific area of farmland. These tokens serve as a digital representation of the land and provide a means for investors to participate in agricultural activities.
2. Investment in Cultivation: The funds obtained from token sales are reinvested in the various aspects of cultivation. This includes infrastructure development, agronomic practices, logistics, and other necessary investments for optimizing crop production. Investments are made in crucial areas such as seed selection, labor, machinery, irrigation systems, fertilizers, pest management, IoT devices, administrative expenses, financial services, legal compliance, taxation, storage, post-harvest processes, packaging, transportation, advertising, and agricultural insurance.
3. Real-time Traceability: Through the implementation of advanced technology, including a A chatbot for recording crop activities and IoT sensors, we establish a robust system for real-time traceability of farming activities. This involves recording and documenting via chatbot every step of the cultivation process. From planting, input procurement, machinery usage, maintenance activities, fertilization, agrochemical applications, irrigation cycles, pest monitoring, harvests, to packaging and transportation, all relevant information is captured and stored securely in the blockchain. With IoT sensors, we monitor the environmental and soil conditions of the crop in real time to understand the plants needs for optimal growth and performance.
4. Quality Certifications: The traceability system enables the generation of real-time quality certificates. By having a complete record of the cultivation practices and the associated data, we can verify compliance with good agricultural practices, such as BPA (Buenas Prácticas Agrícolas) or Global GAP (Good Agricultural Practices). These certifications provide assurance to consumers and buyers regarding the quality and safety of the agricultural products.
5. Data Analysis and Optimization: Leveraging the power of artificial intelligence and data analytics, we analyze the vast amount of data collected during the cultivation process. This analysis helps identify patterns, optimize resource utilization, improve productivity, and make informed decisions. By continuously monitoring and fine-tuning the cultivation practices, we can enhance yields, minimize losses, and increase the efficiency of resource utilization, such as fertilizers and agrochemicals.
6. Harvest Certificates and Investor Transparency: Once the crops are harvested, we generate harvest certificates as NFTs (Non-Fungible Tokens). These certificates provide detailed information on the yield and profitability of the specific crop. They are distributed to token holders and investors, enabling them to track the performance of their investment and gain transparency regarding the crop's harvest and financial outcomes.

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

Our proposed solution on the Cardano network addresses the challenge by introducing crop tokenization, real-time traceability, IoT integration, secure identity, and smart contracts. These elements contribute to the development of the agricultural industry and promote Cardano adoption in the sector.

By tokenizing crops, we enable farmers to access decentralized investment, reducing their reliance on traditional banking systems. This innovation empowers farmers, drives the growth of the agricultural industry, and fosters economic empowerment within the Cardano ecosystem.

The implementation of a real-time traceability system allows for precise documentation of agricultural activities and cultivation techniques. This data promotes research, facilitates the discovery of best practices, and optimizes performance and efficiency throughout the food supply chain. The result is increased productivity, improved resource management, and enhanced transparency.

Integration of IoT devices enables real-time monitoring of crop conditions and environmental factors. The accurate data collected is utilized in artificial intelligence models and agricultural/climate research, leading to reduced losses, enhanced food security, and optimized utilization of natural resources.

Our solution leverages Atala's secure identity solution to generate Verifiable Credentials (VCs) that protect farmers' data while promoting interoperability with public and private entities. This fosters research, development, and agricultural planning, contributing to food sovereignty and sustainable agricultural practices.

Utilizing Marlowe, our smart contracts automate processes such as returns payment to investors, taxation, and activation of agricultural insurance. This streamlines operations, ensures transparency, and protects both farmers and investors, further strengthening the Cardano ecosystem.

The impact of our project extends beyond funding the project team. It brings significant value to the Cardano ecosystem by attracting new users, empowering farmers, driving economic growth, and contributing to global food security. Through increased adoption and usage, our solution strengthens the Cardano community, fosters innovation, and addresses key challenges in the agricultural sector.

Our solution will attract farmers, investors, researchers, and government entities to the community, resulting in increased engagement, collaboration, and the development of a robust agricultural ecosystem on Cardano.

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

We intend to measure the success of our project by evaluating both quantitative and qualitative metrics.

Quantitatively, we will measure the number of farmers and investors participating in the tokenization of crops on the Cardano network. Additionally, we will track the total value of investments made through our platform and the growth of the agricultural industry within the Cardano ecosystem. These metrics will provide insights into the level of adoption and economic impact generated by our solution.

Qualitatively, we will assess user satisfaction and feedback through surveys and interviews. Understanding the opinions and experiences of farmers, investors, and other stakeholders will help us gauge the effectiveness and usability of our platform. We will also consider the level of engagement and participation from the community, including discussions, collaborations, and contributions to the development of the agricultural ecosystem on Cardano.

In the short term, our innovation will bring immediate benefits to Cardano by attracting new users and investors to the ecosystem. The tokenization of crops will provide farmers with decentralized financing opportunities, reducing their dependence on traditional banking systems. This increased accessibility and financial inclusion will contribute to the growth of the Cardano community.

In the long term, our solution will have a transformative effect on Cardano's productivity and growth. By optimizing agricultural practices, enhancing food supply chain efficiency, and promoting sustainable farming methods, we will create a robust and resilient agricultural ecosystem on Cardano.

This will strengthen the network's overall value proposition, attract more users and investments, and position Cardano as a leading blockchain platform for the agricultural sector.

We believe that the measures we have outlined are realistic because they align with the objectives of our project and the potential of the Cardano ecosystem. Through continuous monitoring, evaluation, and adaptation, we will ensure that our solution delivers tangible and meaningful outcomes for the Cardano community, both quantitatively and qualitatively.

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

We intend to share the project's results through detailed reports and technical documents. These reports will provide a comprehensive description of our solution, key findings, and outcomes. We will distribute them through relevant scientific and academic platforms so that other researchers and experts can access this information and use it in their own research and development.

We also plan to organize events such as webinars and conferences to present the project's results to a broader audience. These activities will allow us to directly interact with professionals, stakeholders, and relevant actors in the field we work in. Through these interactions, we can share our knowledge, foster discussions, and establish collaborations for future joint projects.

In addition, we will utilize media channels such as our website, social media, and publications in specialized media outlets to disseminate the project's results. This will enable us to reach a wider audience, including farmers, investors, government entities, and other organizations involved in the sector. We aim to raise awareness about the benefits of our solution and promote its adoption within the community.

As for the use of the generated results, we will leverage them as a foundation for future research and development activities. We will analyze the collected data, performance metrics, and user feedback to identify areas for improvement and optimization opportunities. This will help us develop new functionalities and explore additional use cases that can benefit both our solution and the ecosystem as a whole.

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

We are well-equipped to deliver this project with high levels of trust and accountability. Our team consists of more than 11 professionals who bring a diverse range of skills and expertise to the proyect. With backgrounds in scientific approaches (physics), financial analysis, design, user experience, engineering, entrepreneurship, large-scale companies, banking and investment, innovation, scientific research, and technological tool development, we have a comprehensive skill set to address the project's requirements.

In terms of managing funds properly, we have implemented robust processes and demonstrate responsible financial practices. Our team members have experience in handling client resources and investments. Two members of our team hold a Master's degree in Blockchain for Enterprises from the Universitat Politècnica de Catalunya, showcasing our proficiency in blockchain technology. Furthermore, our company, Wseeds, has secured over $10,000 in investments in 2023 to develop a blockchain-based traceability system for the agricultural industry with the support of the Chamber of Commerce in Colombia.

To ensure efficient project management and development, we utilize the SCRUM methodology. This agile approach enables us to adapt and deliver results in iterative cycles. We also employ tools such as Jira, to monitor project progress and track milestones effectively.

Our team's collective experience, combined with our commitment to transparency, accountability, and the utilization of industry-leading practices, positions us as the ideal choice to deliver this project successfully. We are dedicated to ensuring trust, delivering high-quality outcomes, and meeting the project's objectives.

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

Our project aims to develop an MVP of a technological ecosystem that facilitates the creation of tokens supported by agricultural land, providing returns for investors. We will begin with a partnership with over 30 export-oriented Mango producers in the Magdalena region of Colombia (We are currently working with them). These producers possess export certification for their products. Through the implementation of this technology ecosystem, these families will benefit greatly in enhancing their crop cultivation practices.

To achieve this, we have identified several specific objectives:

1. Develop a platform for the purchase and sale of tokens: Our objective is to create a user-friendly platform that provides a seamless and secure environment for investors to buy and sell tokens backed by agricultural crops. We will ensure transparency, efficiency, and a smooth transaction process.
2. Create an interface for farmers to register and upload documentation: We aim to design an intuitive interface that allows farmers to easily register and provide the necessary information and documentation to verify their agricultural operations. This interface will streamline the onboarding process and ensure compliance with certification standards.
3. Implement a real-time certification process traceability system using a chatbot: Our objective is to establish a system that enables real-time registration and visualization of farming activities, ranging from input procurement to the sale of the final product. This system will provide real-time metrics for farmers and relevant data for investors. Additionally, we will generate monthly reports on crop metrics and provide recommendations to improve business and crop profitability. (Note: This traceability system is already 60% developed.)
4. Develop IoT sensors to monitor climatic conditions: Our goal is to create IoT sensors that can monitor key climatic factors such as temperature, humidity, atmospheric pressure, light intensity, rainfall, and CO2 levels. We will connect these sensors to the Cardano network. Additionally, we aim to finalize the development of a soil sensor with 7 additional sensors to measure factors like temperature, humidity, pH, electrical conductivity, nitrogen, phosphorus, and potassium. The data collected from these sensors will be utilized to make predictions using artificial intelligence models, helping farmers anticipate unfavorable conditions. (Note: The device with environmental sensors is already 80% developed, while the soil sensor is 40% developed.)
5. Facilitate the generation of non-fungible tokens (NFTs) of harvest certificates: Our objective is to enable the creation of NFTs that provide investors with transparent information about the profitability of their investment. These tokens will serve as digital certificates of harvest and ensure transparency throughout the process.
6. Establish a legal framework in Colombia for the issuance of tokens backed by agricultural crops harvests: Our goal is to collaborate with regulatory bodies and establish a comprehensive legal framework that ensures compliance and builds trust among stakeholders.

In order to validate the feasibility of our approach, we will conduct tests and pilots with farmers and potential investors. We will measure the achievement of our objectives by monitoring key performance indicators such as the adoption of tokens, transaction growth, and user satisfaction. Additionally, we will assess the compliance of our project with regulatory standards. These measurements will provide valuable insights into the effectiveness and viability of our approach in achieving the intended goals of the project.

In the future, we envision expanding our project to include other export-oriented crops such as coffee, cocoa, among others. Our ultimate goal is to encompass all types of agriculture in Colombia within the same network, allowing for comprehensive information sharing and interoperability among various public and private stakeholders. By achieving this, we aim to create a seamless ecosystem that benefits the entire agricultural sector in Colombia.

[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: Whitepaper Design and Writing (Month 1-2)

Key tasks: Define the token's functionality and ecosystem in the whitepaper.

Success criteria: Complete whitepaper approved by Team, Advisors, Agricultural Producers, Stakeholders.

Milestone 2: UX/UI Software Design (Months 2-4)

Key tasks:

• Design the website for producer registration
• Document uploading platform
• Producer profile dashboard
• Investment information uploading platform
• Wallet creation interface
• Producer profitability interface
• Producer marketplace dashboard
• Investor marketplace dashboard
• Information registration visualization dashboard
• New data visualization in the application
• Harvest/sale data visualization interface.

Success criteria: Designs approved by UI/UX team, and the Mango producers.

Milestone 3: Software Development (Months 4-11)

Key tasks:

• Develop the website for producer registration
• Document uploading platform
• Producer profile dashboard
• Investment information uploading platform
• Producer documentation generation
• Producer/property/crop identity generation
• Identity and VC generation with Atala
• Producer profitability interface
• Documentation generation
• NFT certificate generation
• Marketplace development
• Product/service purchase registration platform
• Chatbot development
• Registration information visualization dashboard
• Integration of new variables (TerraBox) in the app
• Harvest/sale documentation generation from chatbot data
• Harvest data visualization interface
• Generation of NFTs with associated metrics
• NFT delivery system to investors.

Success criteria:

Develop the website for producer registration:

• The website is fully functional, allowing agricultural producers to register easily and securely.
• The registration process is user-friendly, with proper validation checks and error handling.

Document uploading platform:

• The platform enables producers to upload their documents securely and efficiently.
• Documents are stored securely and can be easily accessed when needed.

Producer profile dashboard:

• The dashboard provides producers with a comprehensive view of their profile and relevant information.
• It is user-friendly, visually appealing, and displays data accurately.

Investment information uploading platform:

• The platform allows producers to upload investment information seamlessly.
• It ensures the security and integrity of the uploaded data.

Producer documentation generation:

• The system generates accurate and complete documentation for producers, ensuring compliance and traceability.
• The generated documents are well-formatted and easily understandable.

Producer/property/crop identity generation:

• Unique and secure identities are generated for producers, properties, and crops, ensuring data integrity and privacy.
• The identity generation process is accurate, efficient, and error-free.

Identity and VC generation with Atala:

• Successful generation of identities and Verifiable Credentials (VC) using Atala, ensuring the authenticity and tamper-proof nature of the generated credentials.

Producer profitability interface:

• The interface provides producers with real-time insights into their profitability, enabling informed decision-making.
• It presents data in a clear and intuitive manner, facilitating data analysis and interpretation.

Documentation generation:

• Accurate and comprehensive documentation is generated for analysis and reporting purposes.
• The generated documents are well-structured, meeting the required standards.

NFT certificate generation:

• The system generates NFT certificates for crops and sales, ensuring uniqueness and authenticity.
• The generated NFT certificates are securely linked to the blockchain, providing traceability and proof of ownership.

Marketplace development:

• The marketplace is developed with robust functionality, allowing users to buy and sell tokenized agricultural products easily.
• It ensures smooth and secure transactions, fostering trust and user satisfaction.

Product/service purchase registration platform:

• The platform enables investors to register their purchases of agricultural products/services accurately.
• It ensures the proper recording and verification of purchase details.

Chatbot development:

• The chatbot provides efficient support for registration and information queries, enhancing user experience and satisfaction.
• It understands user queries accurately and provides relevant responses in a timely manner.

Registration information visualization dashboard:

• The dashboard visualizes registration information effectively, providing users with a clear overview of registrations and purchases.
• It offers interactive features for data exploration and analysis.

Integration of new variables (TerraBox) in the app:

• The app seamlessly integrates new environmental variables, enhancing the understanding of crop needs and conditions.
• The integrated variables are accurately displayed and contribute to real-time decision-making.

Harvest/sale documentation generation from chatbot data:

• Accurate and comprehensive documentation for harvests and sales is generated based on chatbot data, ensuring traceability and compliance.
• The generated documents are properly linked to the relevant transactions and data sources.

Harvest data visualization interface:

• The interface provides real-time visualization of harvest data, allowing users to monitor and analyze crop performance effectively.
• It presents data in a visually appealing and informative manner.

Generation of NFTs with associated metrics:

• NFTs are generated with accurate and relevant metrics, reflecting the performance and attributes of the tokenized agricultural products.
• The generated NFTs are securely linked to the associated metrics, ensuring transparency and authenticity.

NFT delivery system to investors:

• The system successfully delivers NFT certificates to investors, ensuring proper ownership and transfer of tokenized agricultural products.
• The delivery process is secure, reliable, and provides a seamless user experience.

Milestone 4: Client/User and Business Development (Months 9-11)

Key tasks:

• Design documentation for client/user certification
• Develop wallet creation
• Token generation, token delivery, iUSD/DJED/ADA token transfer payment system
• Certificate generation documentation
• Crop analysis document generation
• Token burning development.

Success criteria:

Design documentation for client/user certification:

• The documentation is comprehensive, outlining the necessary steps and requirements for client/user certification.
• It provides clear instructions and guidelines, ensuring a smooth certification process.

Develop wallet creation:

• The wallet creation process is user-friendly and secure, allowing clients/users to create their wallets easily.
• Wallets are generated successfully, providing a secure storage solution for tokens and transactions.

Token generation, token delivery, iUSD/DJED/ADA token transfer payment system:

• Tokens are generated accurately and securely, following the specified standards and protocols.
• The token delivery process is reliable and efficient, ensuring timely distribution to users.
• The iUSD/DJED/ADA token transfer payment system allows seamless and secure transactions between users.

Certificate generation documentation:

• The documentation for certificate generation is comprehensive, providing clear instructions and guidelines.
• Certificates are generated accurately and securely, reflecting the relevant information and attributes.

Crop analysis document generation:

• Crop analysis documents are generated accurately, providing insightful information about crop performance, yield, and quality.
• The generated documents are well-structured, visually appealing, and easily understandable.

Token burning development:

• The token burning mechanism is implemented successfully, ensuring the removal of tokens from circulation when required.
• Token burning transactions are recorded accurately and securely.

Milestone 5: Hardware and Financial Aspects Development (Months 9-12)

Key tasks:

• Complete the development of MidBox (environmental sensors)
• Develop TerraBox (soil sensor)
• Design crop analysis models
• Generate crop metric reports
• Design token burning process.

Success criteria:

Complete the development of MidBox (environmental sensors):

• MidBox development is successfully finalized, ensuring the functionality and reliability of the environmental sensors.
• The sensors accurately collect and transmit data on temperature, humidity, light levels, and other relevant environmental factors.
• Data collected by MidBox is integrated seamlessly into the platform for further analysis and decision-making.

Develop TerraBox (soil sensor):

• TerraBox development is completed, resulting in a reliable and accurate soil sensor system.
• The sensors effectively measure soil moisture, pH levels, nutrient content, and other critical soil parameters.
• Data collected by TerraBox is seamlessly integrated into the platform, providing valuable insights for crop management.

Design crop analysis models:

• Crop analysis models are designed to analyze key performance indicators, such as growth rates, yield, disease susceptibility, and quality.
• The models are scientifically sound, incorporating relevant factors and algorithms to provide accurate and meaningful results.
• The analysis models are adaptable and can be customized for different crop types and growing conditions.

Generate crop metric reports:

• Crop metric reports are generated based on the analysis of collected data and crop analysis models.
• The reports provide comprehensive and actionable information, enabling farmers to make informed decisions and optimize crop performance.
• The generated reports are visually appealing, easy to interpret, and accessible through the platform.

Design token burning process:

• The token burning process is designed and implemented, allowing the removal of tokens from circulation when necessary.
• The process ensures transparency and security, recording and verifying token burn transactions accurately.
• Token burning events are executed effectively, aligning with predefined rules and regulations.

The overall project management approach will include regular progress meetings, task tracking, and collaboration among team members. Each milestone will be monitored based on its schedule, success criteria, and projected costs. Any deviations from the plan will be addressed through appropriate communication and adjustments in resources or timelines as needed.

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

Milestone 1: Whitepaper Design and Writing (Month 1-2)

Deliverables: A comprehensive whitepaper that outlines the functionality of the token and the ecosystem.

Outputs: A complete and approved whitepaper detailing the token's operation and its associated ecosystem.

Intended outcomes: By completing this milestone, we aim to have a well-defined and documented understanding of the token's functionality and ecosystem, providing stakeholders with a clear vision of our project's direction.

Measurement: The success of this milestone will be measured by the completion and approval of the whitepaper by Team, Potential Investors and Agricultural producers.

Milestone 2: Software Design (Months 2-4)

Deliverables: Designs for various software components including the producer registration website, document uploading platform, producer profile dashboard, investment information uploading platform, wallet creation interface, producer profitability interface, producer marketplace dashboard, investor marketplace dashboard, information registration visualization dashboard, new data visualization in the application, and harvest/sale data visualization interface.

Outputs: Approved designs for each software component mentioned above.

Intended outcomes: The outcome of this milestone is to have well-designed user interfaces and platforms that meet the objectives of user-friendly interactions, seamless transactions, and efficient data management.

Measurement: The success criteria will be the approval of the designs by Team and Farmers.

Milestone 3: Software Development (Months 4-11)

Deliverables: Developed software components including the producer registration website, document uploading platform, producer profile dashboard, investment information uploading platform, producer documentation generation, producer/property/crop identity generation, VC generation with ATALA, producer profitability interface, documentation generation, NFT certificate generation, marketplace development, product/service purchase registration platform, chatbot development, registration information visualization dashboard, integration of new variables in the application, harvest/sale documentation generation from chatbot data, harvest data visualization interface, generation of NFTs with associated metrics, and NFT delivery system to investors.

Outputs: Fully functional software with all the mentioned features implemented.

Intended outcomes: The desired outcome of this milestone is to have a functioning software system that supports the creation, management, and visualization of agricultural tokens, provides real-time metrics, generates necessary documentation, and ensures seamless interactions between farmers and investors.

Measurement: The success of this milestone will be measured by the functionality of the software components and their approval by Team and Users.

Milestone 4: Client/User and Business Development (Months 9-11)

Deliverables: Documentation for client/user certification, wallet creation functionality, token generation, token delivery, USD/ADA token transfer payment system, certificate generation documentation, crop analysis document generation, and token burning functionality.

Outputs: Approved functionalities and documentation mentioned above.

Intended outcomes: The intended outcome of this milestone is to provide clients and users with the necessary tools, functionalities, and documentation to engage with the token ecosystem effectively. Additionally, it aims to establish a framework for secure and transparent transactions.

Measurement: The success criteria will be the approval of the functionalities and documentation by Team, users and farmers.

Milestone 5: Hardware and Financial Aspects Development (Months 9-12)

Deliverables: Completed development of MidBox (environmental sensors), TerraBox (soil sensor), crop analysis models, crop metric reports generation, and token burning process design.

Outputs: Fully functional hardware components and approved financial models.

Intended outcomes: This milestone aims to provide reliable environmental and soil data through the developed sensors, enable data-driven decision-making for farmers, and establish a clear framework for managing token burning. It also focuses on financial modeling for stakeholders to assess the project's profitability.

Measurement: The success of this milestone will be measured by the functionality of the hardware components and the approval of the financial models.

To track our project's progress, we will measure key performance indicators such as the adoption of tokens, transaction growth, user satisfaction, and compliance with regulatory standards. Additionally, we will assess the completion and approval of deliverables, documentation, and designs at each milestone. Regular progress meetings, task tracking, and collaboration among team members will provide the necessary oversight for monitoring and measuring the project's progress effectively.

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

Milestone 1: Whitepaper Design and Writing (Month 1)

Whitepaper Cost: 15000 ADA

Responsibles: Ciro, Pablo

Milestone 2: Software Design (Months 2-4)

Software Design Cost: 27000 ADA

Responsibles: Ciro, Pablo, Vargas, Angélica, Valentina

Milestone 3: Software Development (Months 5-8)

Software Development Cost: 54000 ADA

Responsibles: Ciro, Pablo, Vargas, Angélica

Milestone 4: System Traceability Development (APP, CLIMATE, TASKS) (Months 5-8)

System Traceability Development Cost: 42000 ADA

Responsibles: Ciro, Vargas, Angélica, Maria Camila, Jesús Prada

Milestone 5: Producers' Expenses (Months 9-10)

Producers' Expenses Cost: 12000 ADA

Responsible: Carlos Posada

Milestone 6: Legal and Tax Advisory (Months 9-10)

Legal and Tax Advisory Cost: 21000 ADA

Responsible: LegalNova

Milestone 7: Advertising and Marketing (Months 9-10)

Advertising and Marketing Cost: 9000 ADA

Responsible: Maria Camila

Milestone 8: Financial (Business Model) (Months 9-10)

Financial (Business Model) Cost: 15000 ADA

Responsibles: Camilo, Nicolás

Milestone 9: IoT Sensors (Environment, Soil)

IoT Sensors Design Cost: 6000 ADA

IoT Sensors Manufacturing Cost: 3000 ADA

IoT Sensors Electronic Components Cost: 12000 ADA

Responsibles: Ciro, Andrés

Milestone 10: Colombian Tax Provision

Tax Provision Cost: 18000 ADA

Total: 274000 ADA

We will allocate an additional $6500 USD (19500 ADA) for investment in infrastructure and additional working hours. We are also actively seeking $500,000 USD (1.500.000 ADA) in additional funding to further support the project

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

The cost of the project represents value for money for the Cardano ecosystem in several ways. Firstly, the costs have been carefully considered and aligned with the project's objectives and deliverables. The proposed budget breakdown reflects the complexity and scope of the work involved in each milestone, ensuring that the necessary resources are allocated appropriately.

In determining the costs, we have taken into account various factors such as the expertise and experience required from the project team members, the time and effort involved in each stage of the project, and the market rates for similar projects in the industry. We have also considered the specific skills and knowledge needed to successfully execute the project, especially in the areas of blockchain technology, software development, financial modeling, agriculture, and user experience design.

While some of the costs may appear high, they are justified by the level of expertise and the value that each team member brings to the project. Their extensive experience in their respective fields, including previous work in blockchain and tecnology related projects, ensures that the project will be executed effectively and efficiently. Moreover, the costs are in line with market rates for specialized services and reflect the level of effort required to achieve the desired outcomes.

Additionally, the project represents value for money by addressing key challenges and opportunities within the Cardano ecosystem. It aims to create a technological ecosystem that enables the creation of tokens backed by agricultural land, providing investors with attractive returns while supporting sustainable agriculture. The potential benefits of the project, such as increased transparency, efficiency, and financial inclusion, contribute to the overall value proposition for the Cardano ecosystem.

By carefully managing the project's budget and resources, we aim to optimize the return on investment and ensure that the allocated funds are utilized effectively. We are committed to delivering the proposed outcomes within the specified timeframe and to providing regular updates and reports to the community to ensure transparency and accountability.

The cost of the project is justified by the expertise and experience of the team members, the alignment of costs with industry standards, and the value that the project brings to the Cardano ecosystem in terms of innovation, sustainability, and long-term growth.

[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