UMAMI, a token incentivized restaurant review platform

[GENERAL] Name and surname of main applicant

Rocco De Santis

[GENERAL] Email address of main applicant

Info@umamicoin.io

Additional applicants

Ugo Gallo

[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 dependencies.

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

Yes

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

Project will be fully open source.

[METADATA] Category of Proposal

dApp

[METADATA] SDG rating

9 - Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

12 - Ensure sustainable consumption and production patterns

[IMPACT] Please describe your proposed solution.

Problem: e.g.:

On google maps, how can a 3 year old review from a day tourist in Venice have the same weight as a week old review from a Venice local?

Review platforms are vital for food establishments, but the main platforms out there today have many flaws: abundance of spam reviews, lack of moderation, inconsistence review quality, limited response from business owners, bias towards popular establishments, limited offline functionality, lack of transparency.

We believe that a blockchain backed SocialFI review platform can tackle most or all these problems.

1. By building on Cardano we ensures transparency, immutability and temper proof review record.
2. Token based incentive that users can earn for submitting accurate and useful reviews, validated by the community
3. Reputation system to reward users who consistently provide accurate and trustworthy reviews. Users with higher reputation will have their reviews weighted more heavily, fostering a community of reliable contributors.
4. Smart contracts ensure the validation and verification of review. Filtering out fake/bias/poor reviews.
5. Intuitive and user friendly interface. Make it easy for users to browse, contribute and earn.

This projects aim to help consumers find the best food experience to meet their taste and expectations, and businesses have their worth and quality reported accurately.

The impact will be seen by having both consumer and provider satisfied.

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

This project being built on Cardano, aims to help its ecosystem by delivering a useful product that will push adoption.

By implementing smart contracts, Umami ensures validation and verification of review, that are now weighted by the community and provides an immutable record of the transaction.

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

Considering the staggering amount of food establishments around the world and Google maps' 1 billion users per month, the target potential is huge.

The success will be verifiable on the blockchain and dApp itself, by metrics as user satisfaction, retention, and count.

We plan to stay vigilant and considerate of users and restaurant suggestions, keeping the consumer and provider in mind at all times.

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

Being avid reviews readers, we want to make this platform as user oriented as possible.

We want to keep track of our progress, successes and failures along the whole project.

An idea we have is to dedicate a whole part of the platform to user feedback, complaints and bug hunt as well as road map targets hits and miss.

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

We are a small team starting from an idea, the desire to improve a sector that we have at hearth and the passion for Cardano to bring these together. We have been sharing this project to collect awareness and interest.

We have extensive restaurant/catering and services experience, we are world travellers with extensive knowledge of reviews platforms.

Rocco is a small hotel + restaurant owner.

Ugo is a data scientist.

We have the management and agile mentality to tackle this project.

We plan to be transparent about the needs and progresses.

We are motivated and ready to go.

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

Umami main goal is to improve consumer and provider experience and communication.

Create a place where

• consumers can be open and clear about what works and does not work in the food industry,
• providers can rely and quality feedbacks from the consumer,
• reward overall quality,
• foster a community of trustworthy reviewers,
• promote and grow the Cardano ecosystem

We plan to validate these through

• market research
• user feedback
• agile approach to adapt to the user needs

[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.

Timeline:

• Milestone 1, Month 1: Project planning, team formation, and initial research.
• Milestone 2, Month 2-4: DApp development, NFT and smart contract integration, and testing.
• Milestone 3, Month 5-6: Integration of decentralized storage and reputation system.
• Milestone 4, Month 7-9: Partnership and collaboration with educational institutions.
• Milestone 5, Month 10-12: Platform launch, marketing, and user acquisition.

dAPP extra functionalities include

• NFT rewards for use and status validation,
• table booking and reservation,
• token conversion into coupons and booking discounts

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

Milestone 1: Project planning, team formation, and initial research.

Deliverables:

• Detailed project plan outlining the objectives, timeline, and resource allocation.
• Formation of a skilled and competent team, including developers, designers, and project managers.
• Comprehensive research report on the decentralized education sector, competitor analysis, and target audience identification.

Outputs:

• Project plan document with clear milestones, tasks, and responsibilities.
• Team roster with defined roles and responsibilities.
• Research report summarizing key findings and insights.

Intended Outcomes:

• Clear understanding of the project scope, objectives, and roadmap.
• Well-structured and organized project plan to guide the subsequent milestones.
• Assembled team with the necessary expertise to execute the project effectively.
• Informed decision-making based on thorough research and analysis.

Milestone 2: DApp development, smart contract integration, and testing.

Deliverables:

• Developed and functional decentralized application (DApp) on the Cardano blockchain.
• Integration of smart contract functionality enabling automated processes and interactions.
• Thorough testing of the DApp to ensure stability, security, and functionality.

Outputs:

• Deployed and operational DApp accessible on the Cardano network.
• Integrated smart contracts enabling various functionalities and features.
• Test reports documenting the results of the testing phase.

Intended Outcomes:

• Developed DApp ready for deployment and usage.
• Seamless integration of smart contracts for automated processes.
• Rigorous testing to identify and resolve any bugs or vulnerabilities.

Milestone 3: Integration of decentralized storage and reputation system.

Deliverables:

• Integration of decentralized storage solutions for secure data storage and privacy.
• Implementation of a reputation system to incentivize quality contributions and validate user credibility.

Outputs:

• Functional integration of decentralized storage for secure data storage.
• Reputation system implemented to reward valuable contributions and establish user credibility.

Intended Outcomes:

• Enhanced data privacy and security through decentralized storage integration.
• Encouragement of high-quality contributions and reliable user reputation assessment.

Milestone 4: Partnership and collaboration with educational institutions.

Deliverables:

• Establishing partnerships and collaborations with educational institutions, content creators, and subject matter experts.
• Integration of educational content, courses, and materials from partner institutions.

Outputs:

• Partnership agreements with educational institutions outlining collaboration details.
• Collaborative content integrated into the platform, expanding the range of available educational resources.

Intended Outcomes:

• Strengthened credibility and diversity of educational content on the platform.
• Collaboration with reputable institutions to attract users and foster trust.

Milestone 5: Platform launch, marketing, and user acquisition.

Deliverables:

• Launch of the decentralized education platform on the Cardano blockchain.
• Marketing and user acquisition strategies implemented to attract and onboard users.
• User acquisition metrics and growth tracking mechanisms established.

Outputs:

• Live and accessible decentralized education platform for users.
• Implemented marketing campaigns across various channels to promote the platform.
• User acquisition metrics and reports tracking the growth and engagement of users.

Intended Outcomes:

• Successful platform launch and availability to users.
• Increased user base through effective marketing and user acquisition strategies.
• Monitoring and analysis of user acquisition metrics to evaluate platform growth and engagement.

Note: The specific deliverables, outputs, and intended outcomes may vary based on the project's unique requirements and goals. The above descriptions provide a general outline of what can be expected from each milestone.

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

Development and deployment of the DApp:

• Development team salaries and fees: ₳40,000
• Backend and frontend development: ₳15,000
• Smart contract integration: ₳3,000
• Quality assurance and testing: ₳2,000

Marketing and user acquisition:

• Digital marketing campaigns: ₳12,000
• Social media marketing: ₳5,000
• Influencer collaborations: ₳2,000
• Content creation and promotion: ₳1,000

Partnership and collaboration expenses:

• Partnership agreement fees: ₳5,000
• Collaborative content creation: ₳3,000
• Integration and technical support: ₳2,000

Reserve fund for unforeseen expenses: ₳10,000

(This fund is allocated as a contingency to address unexpected costs or additional development requirements that may arise throughout the project.)

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

All the funding from Catalyst, VCs and investors will be redirected into the project.

Our salary will be minimal to focus on robust development

[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