BACC: banking app-like reporting and accounting

[GENERAL] Name and surname of main applicant

Alexander Ray

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

Entity (Incorporated)

[GENERAL] Co proposers and Additional applicants

• Leonid Krassovitski, COO & Co-Founder
• Sonny Wolfson, CBDO & Co-Founder

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

3

[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)

BACC offers individuals and businesses the ability to track, organize, visualize, and report any transactions across wallets, accounts, and nodes on 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 BACC for Cardano project will be fully open-source and will be licensed under AGPLv3

[SOLUTION] Please describe your proposed solution.

BACC is already operational on Solana. The BACC for Cardano project will focus on designing and developing an adapter module to make BACC available to Cardano users.

There are basically two problems that BACC solves: (1) financial and fiscal reporting for regulators is believed to become compulsory soon due to tightening regulations; (2) a lot of crypto wallets process very large amounts of transactions.

BACC offers a banking app-like functionality for organising and visualising financial transactions of a specific crypto wallet, and has a built-in feature for building custom financial and fiscal reports.

The number of users and scale of adoption will be the measures of success for BACC.

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

By measuring the number of active users, we will get an understanding of how BACC is adopted by the Cardano Community and what kind of impact it has on it. Cardano users stand to benefit from BACC by having a one-stop shop solution with banking app-like interface to track and report their transactions.

[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?

Our team has the required skillset and a formidable track record of blockchain projects (as the jFactory team) funded by other foundations:

https://jfactory.ch/infrastructure-ecosystem

https://jfactory.ch/deFi-ecosystem

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

Milestone 1: Backend Cordana Development

Description: This milestone focuses on developing the backend components necessary for integrating BACC with the Cardano blockchain. Key components include the Cordana adapter interface, transaction collector, token list collector, token price collector, NFT integration, REST API, and comprehensive testing.

Outputs:

• Functional Cordana adapter interface.
• Fully operational transaction, token list, and token price collectors.
• Integrated NFT support.
• Developed and tested REST API.

Acceptance Criteria:

• Successful integration and functionality of the Cordana adapter interface with the Cardano blockchain.
• Efficient collection and processing of transaction and token data.
• Effective NFT support and integration within BACC.
• REST API delivers expected performance and reliability standards.
• All components pass testing protocols.

Timeframe (provisional):

• Cordana adapter interface: 2 days
• Transaction collector: 14 days
• Token list collector: 4 days
• Token price collector: 2 days
• NFT integration: 5 days
• REST API: 7 days
• Tests: 3 days

Milestone 2: Frontend Cordana Development

Description: This milestone includes the development of frontend components for Cardano integration. Tasks include Cordana wallet integration, developing specific web components for Cardano, REST API integration, implementing responsive design, and conducting tests.

Outputs:

• Integrated Cordana wallet in the BACC interface.
• Cardano-specific web components.
• Seamless REST API integration.
• Implemented responsive design.

Acceptance Criteria:

• Successful implementation and functioning of the Cordana wallet with the BACC interface.
• Cardano-specific components should offer user-friendly, efficient functionality.
• REST API integration functions smoothly with frontend components.
• The design must be responsive and accessible on various devices and screen sizes.
• All components pass testing protocols.

Timeframe (provisional):

• Cordana wallet integration (2 days)
• Cordana-specific web components (14 days)
• Rest API integration (7 days)
• Implement responsive design (3 days)
• Tests (3 days)

Final Project Completion Report and Video Milestone

Description: This milestone involves the preparation and submission of a comprehensive project completion report and a demonstrative video showcasing the functionality of BACC on Cardano.

Outputs:

• Completion report outlining the development process, challenges encountered, and solutions implemented.
• A demo video presenting BACC's functionality on Cardano, including user interface and features.

Acceptance Criteria:

• The report must comprehensively cover all aspects of the project, from initiation to completion.
• The video should clearly demonstrate the successful integration and functionality of BACC on Cardano, highlighting key features and user experience enhancements.

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

Founding Team

• Alexander Ray, Founder & CEO: vision/mission, strategy, architecture. ~30 years of experience in software development. LI profile: https://www.linkedin.com/in/alex-a-ray/
• Leonid Krassovitski, Co-Founder & COO: hands-on managment of development operations. LI profile: https://www.linkedin.com/in/leonid-krassovitski/
• Sonny Wolfson, Co-Founder & CBDO: communications, marketing, relations. LI profile: https://www.linkedin.com/in/sonny-wolfson/

Development Team

• Vlad Korniienko, Team Lead
• Grigory Karpan, Developer
• Kirilo Morenkov, Developer
• Vladimir Koryagin, Technical Writer

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

No third-party software will be used. All the allocated funds will be used to pay for the work done by the team.

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

For a relatively small amount of money, the Cardano Community will get a dApp that will help them quickly put their blockchain finance in order to comply with emerging fiscal regulations.

[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