CryptoCampus: Revolutionizing Student Marketplaces with Blockchain

[GENERAL] Name and Surname of Main Applicant

Yosr Benmahmoud

[GENERAL] Email address of Main Applicant

yosr.benmahmoud@etudiant-fst.utm.tn

Additional Applicants

I am the only applicant

[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.” .

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.”

Our choice to retain proprietary aspects of our project is driven by the desire to create a commercially viable product. This strategy serves a dual purpose. Primarily, it provides us a revenue stream to fund the project's continuous development and maintenance. Concurrently, it underscores the Cardano ecosystem's potential to support not only open-source, community-led initiatives, but also profitable solutions.

Our aim is to foster real value within the Cardano ecosystem that transcends typical open-source endeavors. By developing a commercially successful application on Cardano, we aim to spotlight Cardano's capacity to propel capital market growth and stimulate substantial enterprise adoption. This won't only allow us to profit from our project, but also enhance the overall worth of the Cardano ecosystem.

We are of the view that illustrating successful project commercialization within the Cardano ecosystem can encourage other entrepreneurs and enterprises to harness this technology, thereby spurring the ecosystem's growth and extending its impact. While open-source projects are key to the ecosystem's cooperative evolution, commercially viable projects validate the practical use and economic feasibility of the technology to a wider audience. We believe it's this equilibrium between collaboration and commercialization that will ultimately fuel the enduring success of the Cardano ecosystem.

[METADATA] Category of proposal

Other

[IMPACT] Please describe your proposed solution.

Our proposed solution is a decentralized, blockchain-powered marketplace tailored for students to securely buy and sell various items such as textbooks, furniture, electronics, and more within their campus community. We view the lack of a secure and efficient platform for these exchanges as a significant barrier to smooth student life and engagement. Hence, our approach to resolving this issue is the utilization of blockchain technology, specifically by leveraging the Cardano network.

What sets our solution apart is its unique integration of blockchain technology in a traditionally non-blockchain environment - student marketplaces. By using smart contracts, we can ensure secure, transparent, and efficient transactions, enhancing trust within the student community. 

Our project primarily targets the student population, especially those at universities and colleges who face difficulties exchanging goods. However, it also indirectly engages educators and the administration by fostering a technologically-advanced and efficient environment for their students. 

We will demonstrate our impact by tracking key metrics such as the number of transactions, user growth, and reduction in disputes or fraudulent activities. Additionally, we'll seek user feedback to continuously improve the platform.

This project aligns with Cardano's vision by showcasing real-world utility of the Cardano blockchain, fostering a new generation of blockchain enthusiasts, and potentially driving ada usage. Furthermore, it serves as a practical case study of blockchain application, offering Cardano a tangible example of its impact, which can be pivotal in gaining broader acceptance.

[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 Startup for Students challenge by leveraging blockchain technology in a startup context to solve a real-world problem faced by students - a secure and efficient marketplace for buying and selling goods. As a student entrepreneur startup, this platform will be an innovative example of Cardano's utility beyond its traditional sphere and within the burgeoning start-up culture among students.

The benefits for the Cardano ecosystem are multi-fold:

Entrepreneurial Stimulation: By funding a startup that leverages Cardano's blockchain, we're promoting entrepreneurship among students, fostering innovation, and potentially stimulating more startups within the Cardano ecosystem.

Increase in ada Usage: The proposed marketplace will utilize ada for transactions, which could increase its adoption and circulation, particularly among the younger generation.

Promoting Blockchain Among Youth: This project targets students, serving as an introduction to blockchain technology and its real-world applications. It could nurture a new generation of blockchain enthusiasts and developers, directly contributing to the future growth of the Cardano ecosystem.

Community Expansion: The student-centric nature of this project and its practical use-case can attract more individuals to the Cardano community, particularly young, innovative minds that are vital for the long-term sustainability of the blockchain industry.

We believe that with the successful implementation of this project, we could engage a significant number of students.

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

Measuring the success of our project will involve both quantitative and qualitative approaches:

User Growth: One of the primary indicators of success will be the growth in the number of users on the platfor

Transaction Volume: We will track the number of transactions made on the platform. A steady increase in transactions would signify active usage and trust in our system.

Reduction in Disputes: The number of disputes or fraudulent activities reported would be an indicator of the platform's security. A decrease in these incidents would demonstrate the effectiveness of using smart contracts for secure transactions.

User Satisfaction: Through user surveys and feedback, we'll assess the satisfaction levels of our users, which will provide insight into the platform's ease of use, usefulness, and overall quality. A high satisfaction level would be indicative of a successful implementation.

Usage of Cardano Blockchain Resources: Success would also be gauged by the extent to which we're leveraging Cardano's resources, such as smart contracts. This not only means successful technical implementation but also contributes to Cardano's ecosystem by showcasing its capabilities in real-world applications.

In the short term, the success of our project could boost Cardano's reputation as a practical solution for real-world problems, potentially attracting more entrepreneurs to the ecosystem. Over the long term, by engaging a younger demographic (students), we aim to foster a generation of blockchain-savvy users and potential developers who could significantly contribute to Cardano's growth.

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

We are committed to disseminating the results and impact of our project broadly, with the intention to magnify its benefits and inspire a wider exploration of blockchain technology's potential. Below are the strategies we have devised to fulfill this commitment:

Consistent Communication: We intend to maintain an open line of communication with the Cardano community, sharing regular reports and updates that highlight our project's progress, significant milestones, user experiences, and key learnings.

Digital Engagement: Utilizing various social media platforms and online channels, we plan to share updates about our project, increasing its visibility and drawing a larger audience not only to our platform but also to the Cardano network.

Driving Future Innovation: The data and insights gathered from our project will shape our future development endeavors. We expect to identify areas for improvement, discover opportunities for new features, and potentially uncover other applications for blockchain technology in marketplace contexts. Our project's results could serve as a stepping stone for more advanced blockchain applications in the future.

Through the widespread distribution of our project's results and impacts, we aim to maximize its influence, stimulate broader exploration of blockchain technology, and contribute to the ongoing evolution and growth of the Cardano ecosystem.

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

Our team combines a mix of academic expertise, entrepreneurial experience, and a track record of successful blockchain project execution, positioning us uniquely to deliver this project with high levels of trust and accountability:

Academic Expertise: As a second-year Computer Science student at the Faculty of Sciences of Tunis, I have a strong foundation in coding, data structures, and algorithms. My academic background, coupled with my keen interest in blockchain technology, equips me with the necessary knowledge to navigate the technical complexities of this project.

Entrepreneurial Experience: My experience with Project Catalyst of Cardano, where all three of my submitted proposals were successfully funded, speaks volumes about my entrepreneurial spirit. The projects, aimed at expanding the Cardano community in Tunisia, Africa, and the MENA region, have not only given me hands-on experience with blockchain implementation but also an understanding of the nuances of managing a startup.

Mentorship & Collaboration: Oussama, a Blockchain specialist and founder of PeakSoft, a Germany-based Software development and Test automation consulting services company, serves as my mentor. His insights into blockchain and his experience with Project Catalyst Funds offer an additional layer of expertise and guidance to our team.

Proven Track Record: Our track record of successful funding and execution of blockchain projects builds confidence in our ability to manage funds appropriately. We believe in maintaining complete transparency and will provide regular updates on fund allocation and project progress to all stakeholders.

Robust Project Management: Our approach to project management is methodical and detail-oriented. We will leverage modern project management tools and methodologies to keep the project on track and ensure effective utilization of funds.

These factors combined underline our capability to execute this project successfully, manage funds efficiently, and deliver results that align with the expectations of the Cardano community.

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

Our project has these primary goals:

Build a Student-Centric Marketplace: We aim to create a blockchain-based marketplace designed specifically for students. This platform will enable them to trade textbooks, furniture, electronics, and other items securely within their campus community. The feasibility of this objective will be validated through successful development and launch of the marketplace platform.

Promote Blockchain Technology: We aim to raise awareness and understanding of blockchain technology among students, facilitating their onboarding onto the Cardano community.

Regarding implementation, we intend to adopt an iterative and agile approach to software development. This will allow us to gather feedback and make adjustments as necessary throughout the project. We'll use modern development tools and frameworks suitable for blockchain-based applications, and lean on the mentorship of Oussama, an experienced blockchain specialist, to guide us through any technical hurdles.

Furthermore, our project is user-centric, and we will involve potential users in our design and development process, ensuring that our platform meets their needs and expectations. This user feedback, along with technical feasibility and scalability considerations, will shape the features and functionalities of our marketplace.

[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.

1. Milestone 1: Project Planning and Research (4 weeks, 4,000 ADA)

• Task 1.1: Define project scope, objectives, and deliverables
• Task 1.2: Conduct market research to understand the needs and expectations of our target audience 
• Task 1.3: Research regulatory requirements associated with blockchain marketplaces
• Success Criterion: Comprehensive project plan and actionable insights from market and regulatory research

1. Milestone 2: Platform Design (8 weeks, 4,480 ADA)

• Task 2.1: Draft the initial platform design and user interface 
• Task 2.2: Create wireframes and prototypes of the platform 
• Task 2.3: Gather user feedback on the prototype and make necessary adjustments 
• Success Criterion: Finalized platform design and user interface based on user feedback

1. Milestone 3: Platform Development (12 weeks, 15,000 ADA)

• Task 3.1: Develop the platform, incorporating smart contract functionality for secure transactions
• Task 3.2: Conduct regular testing and debugging sessions 
• Success Criterion: Functioning platform with integrated smart contract capabilities 

1. Milestone 4: Beta Testing and Refinement (8 weeks, 6,000 ADA)

• Task 4.1: Carry out a closed beta testing with a select group of users 
• Task 4.2: Gather feedback, identify issues, and make refinements 
• Success Criterion: Stable platform ready for public launch, as confirmed by positive feedback from beta testing

1. Milestone 5: Platform Launch and Promotion (8 weeks, 5,000 ADA)

• Task 5.1: Launch the platform to the public 
• Task 5.2: Initiate marketing and promotional activities to attract users 
• Success Criterion: Successful public launch and initial user acquisition

1. Milestone 6: Post-Launch Support and Maintenance (Ongoing, 5,000 ADA)

• Task 6.1: Provide regular updates and patches to fix any emerging issues 
• Task 6.2: Continually monitor user feedback for potential improvements 
• Success Criterion: Ongoing stability of the platform and satisfaction of user base

This brings the total project cost to 39,480 ADA. This plan utilizes an agile project management approach, allowing for regular feedback and adjustments as necessary to ensure that the project stays aligned with user needs and expectations.

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

Milestone 1: Project Planning and Research

• Deliverable: Detailed Project Plan document and a comprehensive market research report.
• Outcome: A clear understanding of the project scope, goals, timeline, and the market need for our blockchain-based student marketplace. This phase sets the foundation for all subsequent stages.

Milestone 2: Platform Design

• Deliverable: Final design mock-ups and interactive prototypes of the platform.
• Outcome: A user-centric design of the platform ready for development. The design will be based on the insights gained from the market research and user feedback on the prototypes.

Milestone 3: Platform Development

• Deliverable: The functioning platform with integrated smart contract capabilities.
• Outcome: A blockchain-based marketplace platform ready for testing. This platform will be designed to enable secure transactions among students, contributing to trust within the student community.

Milestone 4: Beta Testing and Refinement

• Deliverable: A refined and stable platform ready for public launch.
• Outcome: Confirmation of the platform’s stability and user satisfaction, paving the way for the public launch.

Milestone 5: Platform Launch and Promotion

• Deliverable: Official launch of the platform, marketing and promotional materials.
• Outcome: Increased awareness about the platform, leading to initial user acquisition. The successful launch would mark a significant milestone in enhancing the use of blockchain technology within the student community.

Milestone 6: Post-Launch Support and Maintenance

• Deliverable: Regular updates and patches, ongoing user support.
• Outcome: Continued platform stability and user satisfaction. This stage will ensure that the platform remains functional, secure, and relevant to user needs.

Each of these milestones will be closely tracked to measure progress, with measures such as completion of deliverables on schedule, attainment of key objectives, user feedback, and the successful achievement of each milestone's success criterion. This will be done through regular check-ins, status updates, and review meetings to ensure we are consistently aligned with our project goals.

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

Project Planning and Research (3,000 ADA)

• Market research and analysis tools
• Project management tools (software licenses)
• Meeting and collaboration tools (software licenses)

Platform Design (4,000 ADA)

• UX/UI design software licenses
• Graphic design tools
• User testing platforms

Platform Development (20,000 ADA)

• Development tools and licenses
• Smart contract development and deployment costs
• Cloud hosting and storage
• Security measures implementation

Beta Testing and Refinement (3,480 ADA)

• Beta testing tools and platforms
• User feedback collection and analysis tools

Platform Launch and Promotion (5,000 ADA)

• Marketing and advertising costs (social media, digital platforms)
• Content creation for promotion (graphic design, copywriting)
• Community engagement activities

Post-Launch Support and Maintenance (4,000 ADA)

• Ongoing hosting costs
• Customer support tools (helpdesk software, etc.)
• Ongoing security measures

The total cost of the project amounts to 39,480 ADA, which will be entirely covered by the fund request. 

We plan to use the funds responsibly to ensure that all activities from planning to post-launch are executed efficiently. We'll also ensure transparency in our expenditure to maintain the trust of the Cardano community. We understand that effective management of funds is a critical part of our responsibility and we are committed to it. 

This budget includes all key aspects, including project management, documentation, marketing, community engagement, and reporting back to the community. We believe this budget allocation is optimal to achieve the project's objectives while providing value for money.

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

The project expenses have been carefully analyzed to ensure they provide excellent value to the Cardano community. The following points provide a breakdown of the rationale behind our cost allocation and its value representation:

Cost Evaluation: Several factors have been considered to finalize the project cost, such as the complexity of the project, scope, required resources, and the average rates of similar projects in the market. This budget aims to respect the effort and time needed to deliver a high-quality solution that meets the expectations of the Cardano community.

Market Rate Consistency: We have benchmarked our costs against the standard industry rates for similar blockchain development projects. This exercise ensures that our budget is in line with current market rates and offers fair compensation for the expertise and skills required for successful project execution.

Value Justification: The project delivers excellent value for money in several ways:

  a. Quality and Stability Focus: By budgeting for adequate resources, we aim to develop a robust, reliable platform that caters to user needs. This ensures the delivery of a high-quality solution that benefits the Cardano community.

  b. Future Sustainability: The budget includes allocations for project management, documentation, reporting, and community engagement, all of which are critical for the project's long-term success. By earmarking funds for these areas, we ensure continued support, maintenance, and platform upgrades, contributing to the overall value and longevity of the Cardano ecosystem.

  c. Market Competitive Stance: The proposed budget is structured to remain competitive while maintaining a balance between cost and quality. This enables us to attract and retain top talent, ensuring project success and delivering a valuable, innovative solution to the Cardano community.

  d. Return on Investment: The project's objectives, milestones, and deliverables align with the expected benefits for the Cardano ecosystem. The Cardano community can expect a positive return on their investment in terms of increased adoption, engagement, and ecosystem expansion.

In summary, the project costs have been meticulously evaluated and justified, keeping in mind market rates and industry standards. The budget allocation guarantees value for money by providing a top-notch solution, ensuring future sustainability, maintaining market competitiveness, and promising a positive return on investment for 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