SmartCondo: Cardano-Based Platform for Homeowner Associations.

[GENERAL] Name and surname of main applicant

Aleksei Seregin

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Not Incorporated)

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

6

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

No

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

We will create a Cardano-based platform that enhances condominium management by ensuring secure transactions, transparent communication, and efficient governance through blockchain technology.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

Yes

[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.”

Gimbalabs - access to a pool of experienced developers

Intersect MBO - access to experts and a governance innovation engine.

[GENERAL] Will your project’s output/s be fully open source?

No

[GENERAL] Please provide here more information on the open source status of your project outputs

The product will be licensed under Apache license.

[METADATA] Horizons

Real Estate

[SOLUTION] Please describe your proposed solution

Proposed Solution: SmartCondo - A Decentralized Condominium Management System on Cardano

SmartCondo is a software product designed to leverage the security, sustainability, and decentralization features of the Cardano blockchain to create a transparent, efficient, and community-driven condominium management system. By leveraging Cardano's proof-of-stake blockchain, we will empower condominium owners, residents, and administrators to manage their communities in a more democratic, secure, and environmentally friendly manner.

Problem Perception:

Traditional condominium management systems are often plagued by inefficiencies, lack of transparency, and centralization, leading to disputes, mismanagement, and environmental waste. These issues can result in decreased property values, strained relationships among residents, and unnecessary expenses.

Approach:

Our solution addresses these problems by:

1. Decision-making: Utilizing Cardano's blockchain to create a secure, transparent, and tamper-proof voting system, enabling residents to participate in decision-making processes and ensure that their voices are hear
2. Automated management: Implementing a treasury to automate routine tasks, such as fee collection, maintenance scheduling, and document management, reducing administrative burdens and minimizing the risk of error
3. Transparency and accountability: Providing real-time visibility into community finances, meeting minutes, and decision-making processes, ensuring that all stakeholders have access to accurate and up-to-date information

Engagement:

ideally smartcondo will engage with:

1. Condominium owners and residents: By providing an intuitive, user-friendly interface for them to participate in decision-making, track community activities, and access relevant information
2. Condominium administrators: By streamlining their workload, reducing paperwork, and enabling them to focus on more value-added task
3. Local authorities and regulatory bodies: By ensuring compliance with relevant laws and regulations, while promoting transparency and accountability

Impact:

To demonstrate the impact of smartcondo, we will:

1. Monitor and report on key performance indicators, such as increased community engagement, reduced administrative costs, and improved environmental sustainability
2. Conduct user surveys to gauge satisfaction and identify areas for improvement
3. Collaborate with condominium associations to gather feedback and ensure that our solution meets their evolving need

Uniqueness:

smartcondo novel approach to condominium management leverages the strengths of Cardano's blockchain to create a decentralized, transparent, and community-driven system. By doing so, we will:

1. Empower condominium owners and residents to take a more active role in managing their communitie
2. Promote environmental sustainability by reducing paper waste and minimizing the carbon footprint of community operation
3. Enhance the overall condominium living experience by fostering a sense of community, transparency, and accountabilit

Importance to Cardano:

smartcondo aligns with Cardano's mission to redistribute power to individuals and promote positive global change. By creating a decentralized, secure, and sustainable condominium management system, we will:

1. Demonstrate the practical applications of Cardano's blockchain technology in a real-world settin
2. Expand the reach and adoption of Cardano's platform beyond traditional fintech and cryptocurrency use case
3. Contribute to the development of a more equitable, sustainable, and decentralized society, which is at the heart of Cardano's vision.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community

Positive Impact on the Wider Cardano Community:

Our condominium management software on Cardano will have a positive impact on the wider Cardano community in the following ways:

1. Increased Adoption: By developing a practical use case for the Cardano blockchain, we will demonstrate its capabilities and potential to a broader audience, increasing adoption and mainstream visibilit
2. Democratization of Condominium Management: Our software will empower condominium owners and residents to take control of their communities, promoting transparency, accountability, and decentralization in decision-making processe
3. Decentralized Governance: By utilizing Cardano's proof-of-stake consensus algorithm, our software will showcase a decentralized governance model, inspiring other projects to adopt similar approache
4. Community Engagement: Our platform will foster collaboration and communication among condominium residents, promoting a sense of community and social responsibilit

Measuring Impact:

To measure the impact of our project, we will track the following metrics:

1. User Adoption: Number of condominiums and residents using the platfor
2. Block Transactions: Number of transactions processed on the Cardano blockchain through our platfor
3. Community Engagement: Frequency and quality of interactions between residents, management, and stakeholders on the platfor
4. User Satisfaction: Regular surveys and feedback to assess user experience and satisfactio
5. Partnerships and Collaborations: Number of partnerships with condominium management companies, property developers, and local authoritie

Sharing Outputs and Opportunities:

We plan to share our outputs and opportunities with the Cardano community in the following ways:

1. Regular Updates: Blog posts, social media updates, and newsletter subscriptions to keep the community informed about project progres
2. Documentation and Tutorials: Comprehensive documentation, guides, and tutorials to facilitate the onboarding process for new user
3. Community Engagement Channels: Dedicated forums, Discord channels, or other platforms for community discussion, feedback, and suppor
4. Case Studies and Whitepapers: In-depth analysis of our project's impact, best practices, and lessons learned, shared through whitepapers and case studie
5. Collaboration and Partnerships: Open collaboration with other projects, developers, and stakeholders to advance the adoption of Cardano and decentralized technologie

By sharing our outputs and opportunities, we aim to create a ripple effect, inspiring other projects to build on Cardano and contributing to the growth of a vibrant, decentralized ecosystem.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Delivering a project with high levels of trust and accountability is crucial, especially when it comes to managing condominium operations on a blockchain platform like Cardano. Here's how we intend to demonstrate our capability to deliver this project:

Capability to Deliver:

1. Experienced Team: Our team consists of seasoned professionals with expertise in blockchain development, condominium management, and software development
2. Agile Methodology: We will employ an agile development approach, ensuring transparency, collaboration, and continuous improvement throughout the project lifecycl
3. Cardano Expertise: Our team has in-depth knowledge of the Cardano blockchain platform, its architecture, and its development tool

Validating Feasibility:

1. Proof-of-Concept (PoC): We will develop a PoC to demonstrate the feasibility of our approach, showcasing the key features and functionalities of the condominium management system on Cardan

Demonstrating Trust and Accountability:

1. Transparent Development Process: We will maintain an open and transparent development process, providing regular updates, and soliciting feedback from stakeholders throughout the project lifecycle
2. Multi-Signature Wallets: We will use multi-signature wallets to manage funds, ensuring that all transactions require approval from multiple parties, adding an additional layer of security and accountability
3. Regular Audits and Reporting: We will conduct regular security audits and provide detailed reports on fund allocation, ensuring that all transactions are transparent and accountable
4. Independent Escrow Services: We will utilize independent escrow services to hold and manage funds, providing an additional layer of security and trust
5. Clear Governance Structure: We will establish a clear governance structure, outlining roles, responsibilities, and decision-making processes to ensure that funds are managed in a fair and transparent manner

By following these steps, we believe we can demonstrate our capability to deliver a trustworthy and accountable condominium management system on Cardano, while ensuring the transparent and responsible management of funds.

[PROJECT MILESTONES] What are the key milestones you need to achieve in order to complete your project successfully?

Research and Design (Weeks 1-8)

A. Milestone Outputs:

1. Conduct research on existing condominium management systems and identify areas of improvement.
2. Design a conceptual framework for the SmartCondo system, including the architecture and user interface
3. Develop a technical specification for the project, including the use of Cardano's blockchain and smart contract
4. Create a rough prototype of the SmartCondo system

B. Acceptance Criteria:

1. The research report provides an overview of existing condominium management systems and identifies key areas of improvement
2. The conceptual framework and technical specification demonstrate a clear understanding of the project requirements and Cardano's blockchain technology
3. The prototype demonstrates a basic functionality of the SmartCondo system and UI

C. Evidence of Milestone Completion:

1. A written report detailing the market research and finding
2. A presentation of the conceptual framework and technical specification
3. A basic prototype demonstrating the SmartCondo system's functionality.

Development and Testing (Weeks 9-16)

A. Milestone Outputs:

1. Develop the SmartCondo system, including the voting system and automated management tool
2. Implement the treasury for routine tasks, such as fee collection and maintenance scheduling
3. Conduct unit testing and integration testing to ensure the system's functionality and security

B. Acceptance Criteria:

1. The developed system meets the requirements outlined in the technical specification and conceptual framework
2. The system's functionality is demonstrated through successful unit testing and integration testing
3. The system's stability is ensured through property testing and vulnerability assessment

C. Evidence of Milestone Completion:

1. A functional SmartCondo system adhering to the design specs.
2. Test reports and results from unit testing, integration testing.
3. A demonstration of the system's security measure

Deployment and User Acceptance (Weeks 17-24)

A. Milestone Outputs:

1. Deploy the SmartCondo system in a test environment, simulating real-world scenarios.
2. Conduct user acceptance testing (UAT) with a small group of volunteers.
3. Gather feedback from UAT and iterate on the system to improve its functionality and user interface.

B. Acceptance Criteria:

1. The system is successfully deployed in a test environment and demonstrates stability and performance.
2. UAT results indicate a level of user satisfaction with the system's functionality and user interface.
3. Feedback from UAT is gathered and incorporated into the system's iteration plan.

C. Evidence of Milestone Completion:

1. A demo of the deployed SmartCondo system.
2. UAT test results and feedback reports.
3. An iteration plan outlining improvements to the system's functionality and user interface based on UAT feedback.

Milestone 4: Project Closeout

A. Milestone outputs:

• A final project report summarizing the project's progress and outcomes
• A proof of concept condominium management system available on GitHub
• A plan for ongoing maintenance and further development

B. Acceptance criteria:

• The system must be avaliable on github with instructions on how to run it
• A User testing report with at least three users.

C. Evidence of milestone completion:

• A written final project report.
• A video recording of the system showing its functionality
• A written plan for ongoing maintenance and support

[RESOURCES] Who is in the project team and what are their roles?

The project lead is Aleksei Seregin

https://www.linkedin.com/in/alex-seregin/

A social entrepreneur with 20+ years of experience, a Developer Advocate at Intersect MBO and a contributor to Cardano Core repositories.

Development will use Gimbalabs Proposal Process which is based on Sociocracy 3.0

The funds will be allocated to the project Treasury. The project manager will submit RFPs to Gimbalabs and Gimbalabs and Intersect members will be eligible to respond.

The project completion depends on trial and error in governance processes.

[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources

Milestone 1:

Research and Planning

Researcher/Project Manager: 10,000

Cardano Expert Consultant:

5,000 Report writing and editing: 2,000

Total: 17,000

Milestone 2:

Development of Core Features Developer: 43,743

Cardano Expert Consultant: 10,000

Quality Assurance/Testing: 10,000

Total: 63,743

Milestone 3:

Testing and Quality Assurance QA Engineer: 10,000

Incentives for volunteers: 5,000

Total: 15,000

Milestone 4:

Project Closeout Deployment: 5,000

Maintenance and Support Plan: 5,000

Project Report Writing: 3,000

Total: 13,000

Total Project Budget: 113,743

Contingency Funds: 11,374.3

Total Project Cost: 130,117.3

Alternative Sources of Funding:

We plan to seek additional funding from Private investors and Crowdfunding campaigns

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

The cost of our condominium management software project on Cardano represents value for money for the Cardano ecosystem in several ways:

1. Innovative Solution: Our project brings a unique and innovative solution to the Cardano ecosystem, providing a decentralized and secure way to manage condominium
2. Long-term Benefits: Although the initial development costs may seem high, the project's long-term benefits will far outweigh the cost
3. Comparable to Industry Standards: We have determined the costs of the project by researching and comparing them to industry standards for similar project

To provide supporting evidence, we have:

• Conducted market research to determine the average cost of developing a dApp on Cardano, which is around 150,000.
• Compared our costs to the costs of similar projects in the industry, which range from $30,000 to $100,000.
• Considered the cost of hiring freelance developers and project managers, which is around $50 to $100 per hour, depending on the expertise and location.

By justifying our costs through industry research and comparisons, we demonstrate that our project represents value for money for the Cardano ecosystem. We believe that the benefits of our project will far outweigh the costs, and we are confident that our solution will bring about positive change and progress to the Cardano community.

https://spdload.com/blog/app-development-cost/