Cardano's underutilization and adoption lag behind other Layer 1 blockchains due to insufficient strategic outreach and business development efforts.
This is the total amount allocated to Cardano Enterprise Solutions (CES) - supporting enterprise integration into Cardano.
Cardano Enterprise Solutions (CES) bridges Web2 and Web3, accelerating Cardano adoption with tailored blockchain solutions, strategic partnerships, and industry-focused innovation.
No dependencies
Cardano Enterprise Solutions (CES) primarily focuses on strategic partnerships, business development, and ecosystem engagement, rather than software development. Therefore, there is no code to open source at this stage. However, we are committed to the principles of open source. If we develop specific technologies or tools during our work, we will release them under an open-source license to ensure transparency and collaboration within the Cardano ecosystem. This commitment aligns with our goal of contributing to the community's growth and innovation.
Problem Perception: Cardano's current underutilization and slower adoption rate compared to other Layer 1 blockchains are primarily due to insufficient strategic outreach and business development efforts. This has limited its potential to attract large-scale institutional users and industry leaders. Additionally, many Web2 companies have experimented with blockchain through NFTs but have not continued with proof of concepts due to regulatory uncertainties and unfamiliarity with integrating blockchain into existing workflows.
Our Solution: Cardano Enterprise Solutions (CES) is a dedicated brand aimed at driving and accelerating enterprise adoption of Cardano. Our team, which includes experienced professionals such as two former Partnerships Senior Managers from the Cardano Foundation, actively pursues integration and commercial opportunities while serving as a trusted source of information. CES will initially launch as an enterprise-friendly website providing general information about the Cardano blockchain and its benefits as a Layer 1 solution.
Our goal is to support Web2 companies by simplifying the technical jargon of Web3, enabling them to utilize Cardano for its intended purposes—enhancing authentication, traceability, and sustainability.
The CES website will:
Marketing and Engagement Strategy: To effectively reach and onboard Web2 companies, CES will implement a comprehensive marketing strategy that includes:
Proven Model: Our model has been successfully tested, as demonstrated by our collaboration with TRAKX.io, an AMF-regulated European leader in Crypto Tradable Indices (CTI). TRAKX received a grant from Catalyst Fund 12 to add a Cardano Native Tokens basket on the leading platform for crypto-index trading. This success exemplifies our ability to drive significant adoption and utilization of Cardano's technology. Additionally, both Sacha and Riz have extensive experience in technology transformation projects for multinationals, including creating new products, launching in new markets, dealing with regulators, building strategic partnerships, and implementing target operating models.
Initiatives: In Fund 13, we are introducing four proposals in the Product category:
These initiatives illustrate our capacity to strategically select, engage with, and support projects that will significantly impact Cardano's adoption and utilization across various industries and verticals. We are also relying on a rich pipeline of additional projects to further drive this momentum.
Uniqueness and Benefits: CES will facilitate the onboarding of enterprises into Cardano by leveraging our ability to make commercial deals that the founding entities cannot, due to their positions. This includes revenue sharing, referral commissions, fundraising facilitation, pitch deck creation, sales strategy, and transformation. Not only does this bode well with Web2 customers (as that's how they're used to operating), it also helps create a revenue stream for CES so we aren't dependant on grant funding to continue our operations.
Importance to Cardano: This initiative is crucial for Cardano as it seeks to expand its use cases and establish itself as a competitive Layer 1 solution. By attracting large-scale, institutional users, CES will help validate Cardano's technology, increase transaction volumes, and enhance the network's reputation and market presence. Ultimately, this will contribute to the long-term growth and sustainability of the Cardano ecosystem.
Mission and Value Proposition: Cardano Enterprise Solutions (CES) is dedicated to bridging the gap between Cardano's technological innovations and institutional scaling partners. Our mission is to facilitate the adoption of Cardano by connecting promising projects with the resources and strategic guidance they need to succeed.
Engagement and Strategic Expansion: We have already engaged with prominent projects within and beyond the Cardano ecosystem. These projects recognize the intrinsic value CES adds but often lack the resources to implement similar strategies internally. By outsourcing strategic expansion efforts to our team, these companies can focus on their core objectives, leveraging our expertise to drive growth and integration.
Impact Measurement: We will measure the impact of CES through both quantitative and qualitative metrics, for example:
Sharing Outputs and Opportunities: CES is committed to transparency and collaboration within the Cardano community. We will share our outputs and opportunities through:
Value to the Cardano Community: The success of CES will bring significant value to the Cardano community by enhancing operational efficiency and enriching the ecosystem with diverse and robust projects. By facilitating enterprise adoption, CES will help validate Cardano's technology, increase transaction volumes, and strengthen the network's reputation and market presence. This, in turn, will contribute to the long-term growth and sustainability of the Cardano ecosystem.
Team Capabilities and Expertise:
Our team comprises two former partnership managers from the Cardano Foundation, bringing extensive experience across Europe, Asia, MENA, and the Americas. Strategically based in London and Montreal, we provide global coverage and ensure responsiveness across all time zones. Our deep integration within the Cardano ecosystem is evidenced by:
Background and Experience:
Our academic credentials and professional experiences uniquely position us to lead this initiative:
Feasibility and Operational Readiness:
Successful Implementation:
Our model was successful during Fund 12. We identified Trakx.io, a European leader in crypto thematic indices, as a gateway for Cardano native tokens to gain institutional visibility and enhance ecosystem liquidity. We introduced Trakx.io to Cardano and organized a roadshow on several community calls to present the project and address community questions. As a result, Trakx.io was successfully funded and is facilitating access to Cardano Native Tokens for institutional investors through a custom-tailored index representing a basket of native Cardano tokens.
Trust and Accountability:
By leveraging our expertise, proven track record, and strategic approach, we are well-equipped to deliver this project with high levels of trust and accountability.
Project Planning
A: Milestone Outputs
B: Acceptance Criteria
C: Evidence of Milestone Completion
Platform Development and Initial Engagement
A: Milestone Outputs
B: Acceptance Criteria
C: Evidence of Milestone Completion
Marketing & On-boarding to Cardano
A: Milestone Outputs
B: Acceptance Criteria
C: Evidence of Milestone Completion
Outputs
Acceptance Criteria
Evidence of Milestone Completion
Responsibilities: Sacha will spearhead the marketing strategy, focusing on branding, outreach, and engagement with potential partners. Sacha will also provide consulting expertise to align the project with industry standards and best practices.
Responsibilities: Riz will lead the web development efforts, ensuring the technical aspects of the CES website are robust and fully functional. Additionally, Riz will manage the overall project, coordinating timelines, resources, and deliverables to ensure all milestones are met efficiently.
Total Budget: 150,000 ADA
Contingency: 5% = 7,500 ADA
Milestone 1: Project Planning (20% = 30,000 ADA)
Milestone 2: Platform Development and Initial Engagement (20% = 30,000 ADA)
Milestone 3: Marketing & On-boarding to Cardano (50% = 75,000 ADA)
Final Milestone: Project Review and Reporting (5% = 7,500 ADA)
Summary
Value for Money Justification
Strategic Enterprise Adoption: The CES project focuses on driving enterprise adoption of Cardano, a critical avenue for expanding the blockchain's use cases beyond typical consumer applications. By investing in CES, the ecosystem is placing resources towards attracting large-scale, institutional and industrial users who can bring substantial transaction volume and stability to the Cardano network. This will contribute to further positioning Cardano as a competitive Layer 1 solution.
Strategic Investment in Key Areas: The budget is allocated across four critical milestones: project planning, platform development and initial engagement, engagement and initial integration, and project review and reporting. Each phase is essential for ensuring the project's success and long-term sustainability.
Industry-Standard Costs:
Proportional to Market Rates: The costs are proportional to typical freelance rates and average wages in the industry. For example, web development and marketing expenses reflect standard rates for high-quality services, ensuring that the project leverages top-tier expertise without overspending.
Long-Term Benefits and Multiplier Effect: By facilitating enterprise adoption, CES acts as a catalyst for further ecosystem growth. Each new partnership potentially opens up additional channels for users and transactions, enhancing liquidity and network robustness. This multiplier effect increases the overall value of the Cardano network, making the initial investment highly cost-effective.
Sustainability and Self-Sufficiency: The project is designed to build commercial partnerships and develop revenue-sharing models, reducing reliance on continuous funding from Catalyst grants. This approach encourages sustainability and financial independence, setting a precedent for other projects within the ecosystem.
Enhanced Visibility and Credibility: Participation in blockchain events and maintaining an active online presence significantly boosts Cardano’s visibility in the enterprise sector. This heightened awareness attracts more developers, enterprises, and investors, further increasing the ecosystem's credibility and market presence.
Risk Mitigation through Legal and Compliance: Allocating a portion of the budget to legal and compliance ensures that the project operates within a solid legal framework, reducing risks and protecting the interests of all stakeholders involved. This proactive approach safeguards the project's long-term viability and reputation.
In summary, the CES project represents a strategic and efficient use of resources, ensuring that every ADA spent contributes to the long-term growth and sustainability of the Cardano ecosystem