StuRent Chain: Blockchain for Student Rentals

[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 blockchain-based platform named "StuRent Chain: Blockchain for Student Rentals" This platform aims to alleviate the difficulties students face when seeking suitable and affordable housing near their campuses. We've identified that the core issue lies in the lack of transparency in rental agreements and the absence of a secure transaction platform. This often leads to disputes, misunderstandings, and financial insecurities for students.

Our approach leverages the transparency, security, and immutability features of blockchain technology. By integrating blockchain, we can provide a platform that offers secure transactions and unambiguous rental agreements. This ensures that both students and housing providers are on the same page, reducing the potential for conflicts or misunderstandings.

Our project will primarily engage students looking for housing and individuals or entities offering rental properties near campuses. However, it also provides an opportunity for the broader Cardano community, as we plan to utilize Cardano's blockchain for our platform due to its robustness, scalability, and low transaction fees. 

We will demonstrate our impact through key performance indicators like the number of students using our platform, the number of successful transactions, reduction in disputes, and user satisfaction levels.

The uniqueness of our solution lies in its sector-specific focus (student housing) and the use of Cardano's blockchain technology. While there are generic housing platforms available, a dedicated platform for students can better address specific needs and issues pertinent to this demographic. Moreover, the application of Cardano's blockchain emphasizes our commitment to transparency and security. 

This project aligns with Cardano's mission to unlock new possibilities through technology. It's not just about creating another housing marketplace; it's about enhancing the student experience, empowering them with technology, and ultimately contributing to the expansion of the Cardano ecosystem.

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

 Our solution directly addresses the challenge by supporting student entrepreneurs who aim to leverage blockchain technology to solve real-world issues. In this context, as a student entrepreneur myself, I am deeply aware of the challenges students face in finding suitable and affordable housing. I am driven to provide my fellow students with a practical solution through this startup idea. 

The challenge emphasizes the importance of utilizing Cardano's resources, and our project aligns with this by intending to utilize the Cardano blockchain for our platform.

Our project, will bring several benefits to the Cardano ecosystem:

Expansion of the Cardano User Base: By engaging students and housing providers, we have an opportunity to introduce a significant number of new users to the Cardano ecosystem. This can potentially expand Cardano's user base and bring more transactions onto its blockchain.

Driving Cardano Adoption in the Real Estate Industry: The real estate industry has been slower to adopt blockchain technology than other sectors. By demonstrating a successful application within the student housing market, we can help drive wider adoption of Cardano within the broader real estate sector.

Educating the Public about Blockchain: Users of our platform will gain firsthand experience with blockchain technology. This can lead to increased understanding and acceptance of blockchain and Cardano in particular.

Following the launch of our platform, we aim to onboard a considerable number of students, leading to a significant increase in transactions on the Cardano blockchain. This projection is based on our targeting strategy and the average student's housing turnover rate. These figures will continue to grow as more users join the platform and as we expand to other campuses.

In summary, as a student entrepreneur, my project not only brings a unique solution to a pressing issue but also contributes to the growth and strengthening of the Cardano ecosystem, aligning with its mission to use technology for impactful change.

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

To evaluate the success of our project, we will implement a mixed-method approach, encompassing both quantitative and qualitative metrics. Here's how we intend to measure project success:

User Onboarding: This measures the number of students and housing providers who register on our platform. A steady growth in transaction volume would indicate that users are actively using our services and finding value in them.

Transaction Volume: We will monitor the number of transactions made on the platform. A steady growth in transaction volume would indicate that users are actively using our services and finding value in them.

User Satisfaction: We will conduct regular user satisfaction surveys to gauge the quality of user experience and identify areas for improvement. High satisfaction scores would indicate that our solution is addressing the problem effectively.

Community Growth: As part of our goal is to foster a community around our platform, we will monitor the growth of this community, including the engagement in our forums and social media channels.

In terms of how our innovation will affect Cardano's productivity and growth, in the short term, we expect to bring a considerable number of new users into the Cardano ecosystem, increasing the number of transactions and hence the usage of the Cardano blockchain. In the long term, by showing a successful application of Cardano in the real estate sector, we hope to inspire more innovations within this industry and others, leading to wider adoption of Cardano.

We believe these measures are realistic given the significant number of students seeking housing solutions and the potential of blockchain technology to offer transparency and security in this context. By delivering a reliable and user-friendly platform, we expect to see positive growth across these metrics.

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

Our goal is to distribute the outcomes and effects of our project as widely as possible to amplify its advantages and inspire others to investigate the opportunities of blockchain technology. Here's how we propose to achieve this:

Project Reports and Updates: We aim to regularly share updates and comprehensive reports about our project's progress with the Cardano community. These updates will encapsulate significant milestones, user feedback, and crucial discoveries.

Social Media and Digital Platforms: We plan to employ various social media platforms and digital channels to disseminate project advancements. This approach will augment visibility, enticing a larger audience to our platform and, consequently, to Cardano.

Further Research and Development: The insights and data derived from our project will inform our subsequent development activities. We anticipate identifying areas for refinement, new features to introduce, and potentially other applications for blockchain technology in the context of housing marketplaces. The results of our project could lay the groundwork for more sophisticated blockchain applications in the future.

By extensively sharing the results and outputs of our project, we aspire to maximize its impact, motivate others to explore the potentials of blockchain technology, and contribute to the growth and maturation of the Cardano ecosystem.

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

As a second-year computer science student at the Faculty of Sciences of Tunis and an enthusiast of blockchain technology, I, Yosr, possess the foundational knowledge and enthusiasm to drive this project. I've had the successful experience of submitting three proposals in the past, all of which have been funded, thereby showcasing my ability to present viable ideas that appeal to the Cardano community. My previous projects were directed towards broadening the Cardano community in Tunisia, Africa, and the MENA region, which speaks to my passion and understanding of the Cardano ecosystem. 

Moreover, I am guided and mentored by my brother Oussama, who is a seasoned blockchain specialist. He is the founder of PeakSoft, a Germany-based company offering software development and test automation consulting services, and has also been a proposer in the previous project catalyst funds. His experience and mentorship further strengthen our ability to execute this project efficiently.

When it comes to the management of funds, we uphold transparency as our primary value. We intend to maintain clear and regular communication with the Cardano community, providing comprehensive updates on our budget utilization and project progress. We also plan to deploy an efficient auditing mechanism to ensure all fund allocations are properly accounted for and used strictly in line with project requirements.

Our collective experience, dedication to transparency, and the mentorship of an industry veteran make us a strong team to deliver this project with high levels of trust and accountability.

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

Our project, the "Blockchain-based Student Housing Marketplace", has a two-pronged approach in its goals:

Empower Students: Our primary goal is to provide a blockchain-based platform that addresses the challenges students face in securing affordable and suitable housing . We aim to create a transparent, secure, and efficient platform for students and landlords, thereby improving the overall housing rental experience.

Enrich the Cardano Ecosystem: By implementing this project on Cardano's blockchain, we hope to foster the ecosystem by bringing in new users, demonstrating real-world use cases, and encouraging other potential developers to leverage Cardano's technology for their ideas.

To validate the feasibility of our approach, we'll carry out the following steps:

Prototype Development: We'll begin by developing a prototype of the platform. This will allow us to validate our technical approach and get early feedback from a small user base.

User Feedback and Iteration: We'll engage with our users regularly, seeking their feedback on the platform's usability, features, and overall experience. This will help us understand whether our solution is effectively addressing the problem at hand and how we can further improve it.

Monitoring Key Metrics: As mentioned earlier, we'll track key metrics such as user adoption rate, transaction volume, user satisfaction, and impact on the Cardano ecosystem. These metrics will help us quantify our success and identify areas that need improvement.

Community Engagement: We'll maintain active communication with the Cardano community, sharing project updates, and seeking their insights and feedback. This will not only strengthen our project's accountability but also ensure we're aligned with the ecosystem's needs and values.

Our goals encompass both numerical aspects (like user adoption rate and transaction volume) and qualitative elements (like user satisfaction). These, in combination, provide a comprehensive measure of our project's success.

[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.

Our project implementation will be divided into several key milestones, each serving as a stepping stone towards the overall project goal. Here is the breakdown of our milestones, associated activities, timelines, and projected costs:

Research & Planning (6 weeks, 6,000 ADA)

• Identify key user requirements
• Define platform features and functionalities
• Identify necessary technical resources and tools
• Define project plan and timelines

Prototype Development (10 weeks, 8,500 ADA)

• Develop initial prototype based on user requirements
• Initial testing and debugging
• Gather feedback from a small group of users
• Revise and improve the prototype based on feedback

Full-scale Development (16 weeks, 12,500 ADA)

• Develop the full version of the platform
• Integrate with Cardano blockchain for transaction processing
• Conduct extensive testing to ensure security and functionality
• Prepare the platform for launch

User Acquisition & Marketing (8 weeks, 5,000 ADA)

• Develop and execute a marketing strategy to attract users
• Conduct user outreach programs in universities and student communities
• Set up customer support channels

Launch & Post-Launch Support (Ongoing, 7,480 ADA)

• Launch the platform to the public
• Provide continuous support to users
• Regularly update and improve the platform based on user feedback
• Monitor platform usage and gather data for impact measurement

These milestones and timelines are subject to change based on unforeseen challenges or delays. However, we're committed to maintaining transparency with the Cardano community and will provide regular updates on our progress, adjustments, and reasons behind any changes.

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

Research & Planning

• Deliverables: Detailed project plan, user requirements document, and platform feature set.
• Outcome: A clear roadmap for the project based on well-understood user needs and planned platform features.
• Measurements: Successful creation of project plan and requirements document, sign-off by the team.

Prototype Development

• Deliverables: A functional prototype of the platform, testing reports, and user feedback.
• Outcome: A working model of our platform that allows us to visualize its functionality and gather initial feedback.
• Measurements: Successful development and testing of the prototype, positive user feedback.

Full-scale Development

• Deliverables: Full version of the blockchain-based platform, integration with Cardano blockchain, extensive testing reports.
• Outcome: A secure, fully functional platform ready for user acquisition and marketing phase.
• Measurements: Successful development and testing of the platform, seamless integration with Cardano for transaction processing.

User Acquisition & Marketing

• Deliverables: Executed marketing strategy, user acquisition reports, established customer support channels.
• Outcome: Increased visibility of the platform leading to initial user registrations.
• Measurements: Number of users registered, feedback from users, and activity on customer support channels.

Launch & Post-Launch Support

• Deliverables: Live platform, continuous support services, platform usage reports.
• Outcome: A thriving platform with an increasing number of users who are actively engaging in secure, transparent rental agreements.
• Measurements: Number of active users, number of transactions processed, user satisfaction rates, and feedback.

For each milestone, we'll closely track our progress through the outlined measurements to ensure we're on track to deliver our goals. This will enable us to identify any issues or delays promptly and adjust our approach as necessary.

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

Our budget breakdown for the project is as follows:

1. Research & Planning - 2,000 ADA

• Includes conducting market research, user requirement collection, project planning, and outlining platform features.

Prototype Development - 6,480 ADA

• This will cover costs associated with developing a functional prototype, including developer fees, testing, and gathering initial user feedback.

Full-scale Development - 12,000 ADA

• This major chunk will be allocated to developing the complete version of the platform, integrating with the Cardano blockchain, and extensive testing.

User Acquisition & Marketing - 10,000 ADA

• This will cover costs associated with marketing the platform, including promotional materials, digital marketing campaigns, and customer support setup.

Launch & Post-Launch Support - 4,000 ADA

• This will cover costs associated with launching the platform, providing continuous support to users, and maintaining the platform post-launch.

Project Management - 4,000 ADA

• This covers the costs associated with managing the project, including coordination, quality control, and reporting.

Documentation & Community Reporting - 1,000 ADA

• This includes costs related to creating project documentation and reporting progress to the Cardano community.

Our team is committed to managing the funds provided responsibly and transparently, and we will ensure that the community is kept informed about the progress and use of funds throughout the project.

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

The project's expenses have been meticulously assessed to guarantee a fair value for the Cardano community. Here's the explanation for the cost allocation and its reflection of value:

Cost Rationalization: Several aspects were taken into account to arrive at the final costs, such as the project's intricacy, scope, necessary resources, and rates for similar projects in the market. This budget is designed to acknowledge the time and effort required to create a top-tier solution that meets the Cardano community's expectations.

Alignment with Market Rates: We've compared our costs with standard industry rates for comparable blockchain development projects. This helps ensure that our budget aligns with current market rates and provides a reasonable remuneration for the skill set and expertise needed to successfully complete the project.

Value Proposition: The following are some ways this project represents value for money:

  a. Emphasis on Quality and Stability: By assigning adequate resources and budget, our goal is to create a solid, dependable platform catering to the users' needs. This guarantees a high-standard solution that enriches the Cardano community.

  b. Sustainability for the Future: Provisions for project management, documentation, reporting, and community involvement are included in the budget. These aspects are crucial for the project's long-term success and sustainability. By setting aside funds for these areas, we assure continual support, maintenance, and platform enhancements, contributing to the Cardano ecosystem's overall value and longevity.

  c. Competitive Market Positioning: The suggested budget has been structured to stay competitive in the market while maintaining a balance between cost and quality. This enables us to attract and retain the best talent, ensuring the project's triumph and offering the Cardano community a valuable and innovative solution.

  d. Investment Returns: The project's goals, milestones, and deliverables are tied to the anticipated advantages and results for the Cardano ecosystem. The Cardano community can anticipate a positive return on their investment through increased adoption, engagement, and ecosystem growth.

In conclusion, the project costs have been thoroughly justified, in accordance with market rates and industry standards. The allocation of the budget assures value for money by offering a top-quality solution, fostering long-term sustainability, staying competitive in the market, and ensuring 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