Partner Domains for CardanoBI

[GENERAL] Name and surname of main applicant

Thomas Langlois

[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'll enrich CardanoBI with the concept of "Partner Domains" - e.g a specialized segment within the CardanoBI ecosystem, designed specifically for projects operating on the Cardano blockchain.

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

The entire source code of this project will be open-sourced under Apache License 2.0.

[METADATA] SDG rating

SDG goals:

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

SDG subgoals:

Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all

Key Performance Indicator (KPI):

Proportion of the rural population who live within 2 km of an all-season road

Universal Human Rights Index (UHRI):

#proposertoolsdg

[SOLUTION] Please describe your proposed solution.

• What is CardanoBI?

CardanoBI is the first fully Open-Source Business Intelligence API Layer for Cardano.

It was a Fund8 Project which launched in July 2023.

It exposes data grouped in 3 distinct Domains:

1. Core: all on-chain data of Cardano (accounts, blocks, transactions, contracts, pools....)
2. Analytics: data derived from Core offering data analysis value (statistics)
3. Partner: on-chain and off-chain data, showcasing the business value outcome of Projects delivering utility on Cardano (think of it as the Bloomberg of Cardano where Financial Institutions, News Agencies, Trades alike can get access to the business data of Cardano products (Oracle, DEX, Defi ....)

In this proposal, we're aiming at expanding the Partner Domains to add new functionalities as described below.

• What is a Partner Domain?

A Partner Domain on CardanoBI is a specialized segment within the CardanoBI ecosystem, designed specifically for projects operating on the Cardano blockchain, such as Decentralized Exchanges (DEXs), Oracles, and other blockchain-based initiatives.

It serves as a platform for these projects to onboard and leverage an established data distribution layer.

This layer is particularly appealing to Financial Services companies, News Agencies, Investors, and other entities interested in blockchain and cryptocurrency data.

Key features of a Partner Domain include:

1. Data Accessibility and Distribution: Each Partner Domain acts as a central hub for its project's data, making it easily accessible to subscribers. This includes a variety of data types, from transaction histories and trading volumes to more nuanced blockchain analytics.
2. Revenue-Sharing Model: The platform operates on a revenue-sharing model, which means that when a subscriber pays for access to a Partner Domain's data, a portion of this revenue is shared with the partner project. This model creates a continuous and mutually beneficial financial incentive for both CardanoBI and the partner projects.
3. Customization and Specialization: Partners have the ability to customize their domains to best represent their data and services. This specialization allows subscribers to choose from a diverse range of data sources, tailored to their specific interests and needs.
4. Enhanced Visibility and Marketing: Being part of the CardanoBI Partner Domains increases a project's visibility within the financial services sector and beyond. This exposure can lead to greater recognition, potentially attracting more users and investors to the partner project.
5. Quality Assurance and Compliance: CardanoBI ensures that the data provided through these Partner Domains is of high quality and compliant with relevant data standards and regulations. This assurance is critical for maintaining trust and reliability among subscribers, especially in the financial sector.

In summary, a Partner Domain on CardanoBI is a powerful tool for projects on the Cardano blockchain, offering them a sophisticated way to distribute their data, earn revenue, and gain visibility in a competitive market.

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

CardanoBI Partner Domains, is poised to significantly enhance the value and utility of the Cardano blockchain for the wider community.

This will be achieved by facilitating seamless integration and commercialization of data services, thereby attracting a broader array of financial services companies and fostering a more vibrant ecosystem.

This will also allow a diversification of revenue streams for projects running on Cardano.

The impact of this project will be measured both quantitatively and qualitatively.

Quantitative metrics will include the number of partners onboarded, the volume of data transactions processed, and the revenue generated through the commercialization of API endpoints.

Qualitatively, the success will be gauged by partner satisfaction, the diversity and innovation in data services offered, and the increased engagement within the Cardano community.

[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?

We are the team that successfully built and launched CardanoBI.

The proposed solution will be built by the same team.

We have 23+ years' experience in software development for the financial industry and will be as transparent in our project reporting as we have been for the initial CardanoBI project.

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

Partner Onboarding and API Development

• Activities:
• Develop a secure, user-friendly UI for prospective partners to register their interest.
• Create and set up dedicated API endpoints for each partner.
• Acceptance Criteria:
• Functional and intuitive partner registration UI.
• Successfully developed and tested dedicated API endpoints for initial partners (ZeroCitizen, Orcfax, Metera).

Commercialization Infrastructure Setup

• Activities:
• Implement a system to manage the commercialization of API endpoints, including pricing and subscription models.
• Establish a revenue-sharing mechanism with partners.
• Acceptance Criteria:
• A robust system for managing API endpoint subscriptions and payments.
• A transparent and efficient revenue-sharing model agreed upon by CardanoBI and partners.

Partner Showcase UI Development

• Activities:
• Develop a public-facing UI to showcase onboarded partners, subscription costs, and available data in their domains.
• Implement features to provide samples of data points from each partner’s domain.
• Acceptance Criteria:
• A comprehensive and user-friendly UI displaying partners, their data offerings, and subscription information.
• Functionality to preview sample data points from each partner’s domain

Compliance and Security Measures

• Activities:
• Implement robust security measures to protect partner data and API integrity.
• Ensure compliance with relevant financial and data protection regulations.
• Acceptance Criteria:
• A secure system with strong data protection and privacy measures.
• Compliance with all relevant legal and regulatory standards.

Launch and Marketing Strategy

• Activities:
• Officially launch the CardanoBI Partner Domains platform.
• Develop and execute a marketing strategy to attract Financial Services companies.
• Acceptance Criteria:
• Successful platform launch with initial partners’ APIs live and operational.
• Increased awareness and interest from Financial Services companies, evidenced by subscription numbers and partner feedback.

NA

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

The same team that delivered CardanoBI REST API will deliver the Rust SDK:

1.Lead, architect, backend/frontend dev: Thomas Langlois

https://www.linkedin.com/in/langloisthomas

2.Data architect, event-driven architect, backend dev: Ahmed Abouelnour

https://www.linkedin.com/in/ahmed-abouelnour-91828b8/

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

Here are the expected resources and budget for each of our 5 milestones:

1.Partner Onboarding and API Development

1x Solution Architect @ ₳75/h for 40h (1 week)

1x Backend Developer @ ₳75/h for 240h (6 weeks)

2.Commercialization Infrastructure Setup

1x Solution Architect @ ₳75/h for 20h (0.5 week)

1x Product Manager @ ₳75/h for 20h (0.5 week)

1x Backend Developer @ ₳75/h for 120h (3 weeks)

3.Partner Showcase UI Development

1x Solution Architect @ ₳75/h for 20h (0.5 week)

1x UI Designer @ ₳75/h for 40h (1 week)

1x Frontend/Backend Developer @ ₳75/h for 240h (6 weeks)

4.Compliance and Security Measures

1x Backend Developer @ ₳75/h for 80h (2 weeks)

5.Launch and Marketing Strategy

1x SEO Marketing Agency Fee @ ₳75/h for 80h (2 weeks)

1x Backend Developer @ ₳75/h for 80h (2 weeks)

The total ask is ₳73,500

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

The value of this investment becomes evident when considering the potential long-term benefits:

• Revenue-Sharing Model: By onboarding on CardanoBI Partner Domains, a project running on Cardano will diversify its revenue streams when its Specialized Data Domain is subscribed to by a customer. This model not only incentivizes participation but also ensures a continuous flow of income, directly proportional to the utility and popularity of the data offered.

• Marketing & Visibility: By onboarding on CardanoBI Partner Domains, a project running on Cardano will gain increased exposure and brand recognition. Being featured in a central, accessible platform brings a project to the forefront of the Cardano community and beyond, attracting potential customers and partners. This enhanced visibility translates into wider recognition, potentially leading to more user engagement and investment.

• Community Collaboration and Growth: The platform fosters a collaborative environment where projects can synergize, share insights, and co-create value. This collaboration can lead to innovations and improvements in services and products, further enhancing the Cardano ecosystem's appeal and functionality.

• Data-Driven Insights: Access to a diverse range of data through the partner domains provides invaluable insights for businesses and developers. This data can be leveraged to improve decision-making, tailor services to user needs, and drive innovation within the Cardano ecosystem.

• Quality and Security Standards: By establishing a benchmark for data quality and security, the project contributes to raising the overall standards within the Cardano community. This not only enhances trust in the ecosystem but also attracts more serious and professional engagements from the global financial services sector.

In summary, the project's cost is justified by its multifaceted approach to revenue generation, marketing, collaboration, data utility, and quality standards, all of which are geared towards fostering a stronger, more innovative, and financially robust Cardano ecosystem.

[IMPORTANT NOTE] The Applicant agrees to Fund 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