Last updated 2 years ago
DCorps - Digital Companies Registry - Registering your Catalyst project on-chain
Problem
Project Catalyst projects don't have a corresponding digital identity and registration that can help them to operate securely and safely in the Digital World. Societal terms lack formality.
Total to date
This is the total amount allocated to DCorps - Digital Companies Registry - Registering your Catalyst project on-chain.
About this idea
[GENERAL] Name and surname of main applicant
Alex Pestchanker[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)
Entity (Not Incorporated)[GENERAL] Requested funds in ada
231380[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)
4[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)
Leverage our Cardano's blockchain based Company registration platform to create digital organizations for Catalyst projects and its operating terms and conditions for the participating partners.
[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.”
GameChanger wallet: Our platform was integrated with the GameChanger Wallet, that serves as the wallet for the companies. It also allowed us to mint the ID NFTs for the Companies and the Partners.
GameChanger has evolved to a new version that we will be adopting, and so we depend on that tech.
Atala Prism framework: In order to deliver verifiable credentials we need a platform/service that can provide us (and the projects that register) those services. We think Atala Prism can do that.
Blockfrost services: We use Blockfrost to query the blockchain.
[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
Open source is the way to go, for any project that wants to become exponential, so we aim to go that way. As we are doing our firs steps, we choose now not to open up the source code, until we can validate the hypothesis with real customers, and have a couple of hardening cycles.
[SOLUTION] Please describe your proposed solution.
We have built a great platform out of the funding we got from Fund8, and we have a good MVP1 that has the capabilities to register a company, provide an acceptance mechanism for the parties to signal their adherence to the terms and conditions, a designated company wallet and ID NFTs for the company and its partners.
We want to open our MVP1 in Preprod to start testing with real life projects, collect feedback and publish our platform to Mainnet.
Also for that interaction with real life projects, we think that Project Catalyst funded projects and the whole process has a profound need of this solution. Imagine if all the Catalyst Projects that become funded, could be registered, their terms and conditions written in black and white, their partners "sign" those conditions and everything is documented on-chain via DIDs and Verifiable Credentials (SSI solution). Ain't that solve many of the problems the teams face when the project is already running? Ain't this will be awesome as well for the community and the Cardano ecosystem so those projects are more of a "formal" entity so they can act as one? Ain't this can solve many societal issues that we have seen arouse day after day?
Wouldn't it be great if the company's wallet is the wallet that receives the Catalyst funding?
In this evolution of our project we will be releasing our MVP to the Catalyst community, so projects (winning or not) can register themselves to the platform, the projects that prove they have a funded/won proposal in Catalyst will have 1 year of free services from the platform.
What have we built TODAY
Below you can see how the process work in our current platform, which is running in PreProd. If you have a preprod Gamechanger wallet (or you can easily create one) you can try it for yourself.
This MVP can be seen at https://staging.dcorps.io
As you can see in the process above, we provide a very simple but powerful and secure why to register the Company on chain, and document it via NFTs for the Company itself and the partners.
WHAT do we want to do now
We will incorporate more information on-chain, aiming to use Atala Prism Services, so companies can create verifiable identities for the Company (DIDs and Verifiable Credentials), for the contract (terms and conditions) and for the parterns, Incorporate a multisig wallet using GameChanger's wallet, new functionalities and some company basic operations and processes needed to manage funds and other basic company needs.
We also wants to add support for readable names, instead of addresses, we might be able to integrate with ADAHandle, instead of creating our own. But that needs to be researched.
We want to give project catalyst funded projects this existing platform as a free service for a year, up to 500 projects. Those projects will be able to apply to our platform grant, and they will be co-selected with IOG Catalyst team or if the community is willing to participate via a voting on projects that register their interest to be considered.
[IMPACT] Please define the positive impact your project will have on the wider Cardano community.
Our DAPP helps any type of Projects that want to register a Digital company, and we do so in Cardano. The registration includes proper societal terms (template or self written), and register that On chain, to give their project a solid base of trust and clear ownership of the Digital Assets that company owns (Also 1 person company can be created, in cases of tax reason or other interests). Also the partners for the company register their intentions and acceptance of societal terms and their equity %, receiving their DIDs and Verifiable credentials.
A company wallet is generated and associated with the company.
Creating this company's registry can create a more profesional and clean ecosystem, of people building in Cardano.
It will help on many fronts, from dispute resolutions, to transparency, to tax or regulatory management.
It can also provide a company's directory from great products and services building on Cardano
It helps Project Catalyst to clearly identify project members, their societal terms and their project wallet, so all the process can be very transparent and auditable.
It will showcase the use of SSI and Atala Prism, the great unique Wallet functionality we have on the Cardano blockchain, with GameChanger and the power of our Blockchain, with its native capabilities.
Our success will be measured by the following KPIs:
- Number of companies registered as DCorps.
- Number of Digital Identities created and related to the DCorps.
- Number of Corporate Wallets created in the Platform.
- Number/Amount of Assets stored and managed in these Corporate Wallets.
- Number of Contracts onchain created to reflect the terms and conditions of the DCorprs.
- Number of verification request of DIDs issued by the Public Registry.
- Number of legal entities that link themselves with a DCorp.
- Number of transactions performed via DCorps Corporate Wallets.
[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?
Over a period of 6 months we were building the Model, the architecture, the platform and the operations, with the release of our MVP1 we have provided real world evidence of our capabilities.
Our team has a combined experience that provides a unique set of skills to create Startups and projects in the Cardano ecosystem, with founders with high technical background on many complex types of projects as well as in the company building, business and commercial side of the equation.
Our tech team has learned a ton from the MVP building and has achieved great proficiency with the Cardano Blockchain and its associate products and services.
We mastered the GameChanger integration, Blockfrost queries and the DCorp company creation process and its relationship with the NFTs that are minted in the blockchain.
We are participating in Catalyst as early as Fund5 and in Blockchain since 2017.
All the project's team are well seasoned Entrepreneurs with very successful companies founded.
[Project Milestones] What are the key milestones you need to achieve in order to complete your project successfully?
Outputs
Platform is opened to test in Preprod and promoted among Catalyst participants.
Feedback is collected and incorporated into the code.
Atala Prism DIDs and Verifiable credentials are researched and an integration is designed.
Acceptance Criteria
Platform can be accessed by any project in Catalyst willing to join testing. People can register their dCorps, their partners and societal terms and receive ID NFTs as proof.
Feedback forms are provided and feedback collected.
New features and fixes are prioritized and included in the following Sprints.
Atala Prism solution is understood and a suitable architecture to add DIDs and Verifiable credentials for Companies and Partners is designed.
Outputs
Prioritized feedback is incorporated into the Platform.
Atala Prism DIDs and Verifiable credentials are incorporated to the platform, Testing of this new functionality is passed ok.
Acceptance Criteria
Sprints include prioritized feedback and delivered accordingly, users can test new features.
DIDs and Verifiable credentials are incorporated into the Platform, enable them as tests and validated.
Outputs
GameChanger multisg wallet and new features researched and integration designed.
Atala Prims DIDs and Verifiable credentials released into the platform for any company.
Catalyst funded projects are invited to apply for a 1 year grant in the platform, registering their dCORP.
Up to 500 Catalyst funded projects are selected for those grants. Via a public voting in Cardano or via a co-selection with the Catalyst team.
Acceptance Criteria
A GameChanger design to provide a Mutisig wallet to dCorps is achieved with clear functionality, integration and scope.
Atala Prism DIDs and Verifiable Credentials are provided in the platform to Companies and Partners. They can be used to vote and to access the Companies assets.
Up to 500 Catalyst funded projects are selected and awarded a 1 year's grant to create their dCORPS
Outputs
The platform is migrated to production Mainnet
Up to 500 Catalyst funded projects access the platform and create their dCorps.
Acceptance Criteria
The platform is running in Cardano Mainnet.
Up to 500 Catalyst funded projects created their dCORPS and the partners can access the dCorp and its assets via DIDs and Verifiable credentials issued by Atala Prism
Outputs
Our main goal is to register at least 500 Catalyst funded projects that are awarded a 1 year platform grant.
Acceptance Criteria
We have tested the MVP, we are using production ready technology such as GameChanger and Blockfrost and we plan to incorporate the services from Atala Prism to provide DIDs and Verifiable Credentials.
Invited the community to test our platform and provide any feedback. Incorporate the feedback into the code.
Invited Project Catalyst funded projects to apply for a dCorps grant of 1 year free service, that includes registering their dCorp company, its partners and associate a multisig wallet to it.
Getting DIDs and Verifiable credentials that allow them to operate and solve any potential conflict.
System and cloud services we use, effectively handle the demand and scale with strong elasticity, no bottlenecks are standing after performance tuning. The scaling capabilities of the SSI services, could be a potential risk, but if we work closely with the Atala Prism team we think they can be mitigated
Platform running well into Mainnet, integrated with Atala Prism, GameChanger and a name provider (such as ADAHandle)
[RESOURCES] Who is in the project team and what are their roles?
Alex Pestchanker
Alex has 24+ years of experience building Digital Products and Companies. He has a dual background, on one side a Solutions Architect and Developer (Cloud, Blockchain, C#, .NET, Java, Angular, DevOps) and on the other side a Company Builder and Advisor, building high-performance teams to deliver products that customers love (Customer Development, Agile, Lean, Design Thinking). Alex is also a professor at ITBA (one of the most prestigious engineering universities in LATAM) and a public speaker, helping to build common knowledge around Digital Transformation, Exponential Organizations, and Abundance.
Within Cardano, Alex is an active community member, performed as Proposal Assessor in F6, F7, F8 and F9 with high ratings on his assessments, and Veteran PA in F7, F8 and F9. He has also been awarded several times for his proposals and successfully completed most of them such as: F6: Proposals Mentors Marketplace ( https://cardano.ideascale.com/a/dtd/369749-48088 ), F7: Proposals Mentors Marketplace -cont (https://cardano.ideascale.com/c/idea/382926), F8: DCorps - Digital company registry (https://cardano.ideascale.com/c/idea/400064), F8:Funding real world Businesses (https://cardano.ideascale.com/a/dtd/422489-48088), F9:Bringing Business to Cardano (https://cardano.ideascale.com/a/dtd/422416-48088), among others.
Alex is also a 1st cohort ATALA-Prism Pioneer a 3rd cohort Plutus pioneer and 1st cohort Marlowe's pioneer.
Linkedin: https://www.linkedin.com/in/apestchanker/
Luciano S.
https://www.linkedin.com/in/luciano-szuldman-1b41046a/
Luciano is a serial entrepreneur. With proven experience founding and building successful companies both in b2c and b2b environments.
Founder and managing director of PWG and Co-founder and board member of Alkemy.
https://patagonwatergroup.com.ar/english.html
Passionate about technology and high-impact projects.
Luciano A.
Full-time passionate and energetic entrepreneur with big goals ahead. Creative person who always tries to challenge himself. With more than 15 years of experience in tech, Co-founded several startups including DrApp, Argentinas leading EHR with +1 M appointments per month and Bfore.Ai the first cybersecurity predictive threat intelligence technology.
Usual user of Cryptos as a payment instrument for his startups.
https://www.linkedin.com/in/lucianoallegro/
Current startup:
PM, UX and Developer team is already working with us in different projects, some on Cardano, as part of our companies and projects. Their time and assignment is secured during the indicated period of time.
[BUDGET & COSTS] Please provide a cost breakdown of the proposed work and resources.
Our project main cost are from development, but we also include the basic costs for the infra and operations of the platform for the 500 projects.
PM
1 (50%) - ADA 5,172 x 4 months = ADA 20,688
UX Team
1 UX - ADA 10,344 x 1 month = ADA 10,344
Development Team
2 Developers FullStack - ADA 10,345 each x 3 months = ADA 62,070
1 Atala Prism Developer - ADA 15,517 x 2 months = ADA 31,034
Infrastructure
4 months of UX, DevTools and CI/CD subscriptions = ADA 10,345
12 months of AWS Hosting and Cloud services = ADA 27,588
Platform operations 12 months = ADA 41,379
Onboarding sessions and platform promotion = ADA 6,897
TOTAL = ADA 210,345
Price variation margin = 10%
TOTAL REQUESTED = ADA 231,380
All the rates correspond to resources located in Argentina.
In terms of payments. We request the following payments:
Initial payment: ADA 20,000
After Milestone 1 is delivered: ADA 45,200
After Milestone 2 is delivered: ADA 85,977
After Milestone 3 is delivered: ADA 80,202,5
[VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?
Creating this registry for companies in Cardano, will allow a more professional and structured ecosystem, where projects can really become companies, generating a lot of traction and visibility for the ecosystem.
Using DCorps for Catalyst funded projects could create a lot of transparency, accountability and also sustainable growth for all the great projects building in it. And we are giving the platform for free for a year to 500 projects.
