Knowledge Ledger: Revolutionizing Learning & Development on Cardano

[GENERAL] Name and surname of main applicant

Vinay Devabhakthuni

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

Entity (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)

Introducing Knowledge Ledger: A Cardano-based decentralized Learning & Development platform with content marketplace and upskilling dashboards for secure, personalized learning.

[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.”

The Learning & Development platform belongs to Nuveda and we are putting this proposal in collaboration.

[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 smart contracts will be open source whereas the dashboard will be proprietary to Nuveda, our partner in this project.

[SOLUTION] Please describe your proposed solution.

Overview

Our proposed solution, Knowledge Ledger, is a decentralized framework designed to revolutionize the Learning & Development (L&D) industry. This innovation focuses on addressing key challenges in the sector, including content accessibility, quality assurance, personalization, and security. We aim to achieve this through the development of a Content Marketplace and the integration of Smart Contracts on the Cardano blockchain, seamlessly connected with our existing upskilling dashboard.

Perceived Problems and Our Approach

• Content Accessibility: We've noticed a significant gap in the availability of high-quality educational content. Our Content Marketplace aims to bridge this gap by providing a platform for a wide array of educational materials accessible to learners globally.
• Quality Assurance: The absence of a transparent review and rating system often leads to inconsistent content quality. By incorporating a transparent content rating and review mechanism, we ensure that only high-quality materials are favored and shared.
• Personalization: Currently, there is a difficulty in crafting learning paths tailored to individual needs. Our solution allows for personalized learning experiences, adapting to the unique goals and progress of each learner.
• Security and Compliance: Ensuring data security and regulatory compliance is a challenge in the centralized systems. Leveraging the security and immutability features of the Cardano blockchain, we ensure top-notch security and adherence to regulatory standards.

Unique Features of Our Solution

• Decentralized Content Marketplaces: Facilitates a transparent and efficient platform for content creators to license, and for users to purchase and access educational materials.
• Transparent Content Rating and Review System: Empowers users to make informed decisions based on community-driven ratings and feedback.
• Personalized Learning Paths and Progress Tracking: Customizes learning experiences to individual needs, tracking progress and suggesting relevant content.
• Smart Contract-Enabled Security and Compliance: Ensures secure transactions and adherence to regulatory standards using Cardano blockchain technology.

Engaging Stakeholders

• Content Creators: Empowered to share and monetize their educational resources.
• Learners: Gain access to a vast pool of resources tailored to their learning paths.
• Institutions and Enterprises: Can manage and track the upskilling process of their members.
• Educational Researchers and Developers: Can utilize data for further innovation in educational technology.

Demonstrating and Proving Impact

We will demonstrate the impact of Knowledge Ledger through:

• User Engagement Metrics: Monitoring the active usage and satisfaction levels among learners and content creators.
• Content Growth Statistics: Tracking the expansion and diversification of educational materials on the platform.
• Feedback and Reviews: Collecting and analyzing user feedback to continuously improve the platform.

Uniqueness and Importance to Cardano

• What makes Knowledge Ledger stand out is its integration of a decentralized approach with the education sector, leveraging Cardano's secure and scalable blockchain technology. This not only adds a novel utility to the Cardano ecosystem but also pioneers a transformative change in the L&D industry. The project aligns with Cardano's vision of fostering decentralized and inclusive systems, thereby benefiting a broad spectrum of users from individual learners to large-scale educational institutions.

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

Our project will:

• Provide a decentralized platform for educational content, enhancing Cardano's use cases.
• Promote Cardano's adoption in the education sector.
• Demonstrate the practical utility of Cardano's blockchain in solving real-world problems.

[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?

NuVeda has a proven track record in delivering Learning & Development Solutions, demonstrated by its successful partnerships and global client base. Our platform's features, scalability, and technical expertise have garnered praise from satisfied customers worldwide. With EMURGO Academy running courses on our platform, we have established trust in managing educational programs effectively. Furthermore, our experience in managing funds, generating revenues, and providing transparent reporting ensures high levels of trust and accountability in handling project funds.

In addition to NuVeda's capabilities, our project team includes Konma Labz, the R&D wing of Konma Org. Konma Labz brings extensive expertise in building various blockchain solutions on EVM and has a robust Haskell talent pool. This technical proficiency enables us to develop and implement the decentralized L&D protocol on the Cardano blockchain with a deep understanding of blockchain technology and its application in the education sector. With our combined strengths, we are well-equipped to deliver the project with high levels of trust and accountability, ensuring efficient management of funds throughout the project lifecycle.

NuVeda Pitch Deck: https://drive.google.com/file/d/16Jie8B2A5Yy5tI8_ckw_zMjxZRwq0c5D/view?usp=sharing

L&D Platform - beta

https://xyz.mynuclo.com/login

Login Credential - trial@konma.io

Password - Temp@123

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

Smart Contract Development Plan and Architecture Design

Duration: 1 Month

• Objective: Define and design the architecture for the Smart Contracts to be integrated with Knowledge Ledger.
• Activities:
• Detailed planning of the Smart Contract functionalities (Content Registration & Licensing, Content Discovery & Search, Content Purchase & Payment, Content Access Control, Content Rating & Review, Content Creator Rewards & Royalties, Integration with Upskilling Dashboard).
• Architectural design of the Smart Contracts ensuring compatibility with the existing systems.
• Acceptance Criteria:
• Completion of a comprehensive development plan.
• Approval of the architectural design by the development team.

Development of Core Smart Contracts

Duration: 2 Months

• Objective: Develop the core Smart Contracts for Content Marketplace and Dashboard integration.
• Activities:
• Coding of Smart Contracts for Content Registration & Licensing, Content Discovery & Search, and Content Purchase & Payment.
• Begin integration process with the Upskilling Dashboard.
• Acceptance Criteria:
• Successful deployment and internal testing of these Smart Contracts.
• Initial integration with the Dashboard showing functional compatibility.

Development of Additional Smart Contracts

Duration: 1 Month

• Objective: Complete the development of remaining Smart Contracts.
• Activities:
• Development of Smart Contracts for Content Access Control, Content Rating & Review, and Content Creator Rewards & Royalties.
• Continue integration with the Upskilling Dashboard.
• Acceptance Criteria:
• Functional Smart Contracts ready for testing.
• Progress report on Dashboard integration.

Integration and Testing

Duration: 1 Month

• Objective: Fully integrate Smart Contracts with the Knowledge Ledger platform and conduct thorough testing.
• Activities:
• Complete the integration of all Smart Contracts with the Content Marketplace and Upskilling Dashboard.
• Conduct extensive testing to ensure functionality, security, and scalability.
• Acceptance Criteria:
• Seamless integration of Smart Contracts with existing systems.
• Successful completion of testing phases with documented results.

User Acceptance Testing and Feedback Incorporation

Duration: 1/2 Month

• Objective: Conduct User Acceptance Testing (UAT) and incorporate feedback.
• Activities:
• Engage with EMURGO Academy and selected users for UAT.
• Collect and analyze feedback, making necessary adjustments to the system.
• Acceptance Criteria:
• Positive feedback from UAT participants.
• Documented revisions made based on user feedback.

Final Deployment and Marketing Rollout

Duration: 1/2 Month

• Objective: Launch the integrated Knowledge Ledger platform and initiate marketing activities.
• Activities:
• Final deployment of the platform with all Smart Contracts integrated.
• Launch a marketing campaign to promote the new features and capabilities.
• Acceptance Criteria:
• Successful deployment and operational platform.
• Execution of the marketing plan and initial reception analysis.

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

Balasubramanian Krishnan - Chief Executive Officer NuVeda

Venkat Balasubramanian - Chief Delivery Officer Nuveda

Deepak S. - Senior Software Engineer at NuVeda

Guruprasad Narvekar - Chief Solutions officer & Head Partner Business at NuVeda

Sangeet Muralidhar - Head of Tech, Konma Labz

Vinay Devabhakthuni - Head of R&D, Konma Labz

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

Here's a detailed budget breakdown for the proposed work of the dL&D protocol

• Smart Contract Development:
• Development resources: 50,000 ADA
• Code auditing services: 15,000 ADA
• API Development:
• Development resources: 25,000 ADA
• Software licenses: 10,000 ADA
• Integration and Testing:
• Integration resources: 15,000 ADA
• Testing resources: 10,000 ADA
• User Acceptance Testing and Refinement:
• User testing resources: 10,000 ADA
• Refinement and improvements: 10,000 ADA
• Publicity/Marketing/Promotion/Community Engagement:
• Community engagement activities: 15,000 ADA
• Marketing and promotion expenses: 20,000 ADA
• Project Management:
• Project management resources: 20,000 ADA
• Documentation and Reporting:
• Documentation resources: 7,000 ADA
• Reporting expenses: 3,000 ADA

Total Budget: 210,000 ADA

Please note that the budget breakdown is an estimate and subject to change based on factors such as market conditions, resource requirements, and project scope adjustments. The exact allocation of funds can be adjusted based on the specific needs and priorities of the project. The project team will be responsible for managing the funds provided and ensuring efficient use of the budget throughout the project implementation.

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

The cost of the "Knowledge Ledger" project is a strategic investment for the Cardano ecosystem, considering the potential benefits and long-term value it can bring. Here's how the project represents value for money:

• Enhanced Ecosystem: The project aims to create a decentralized learning and development protocol, which can attract a diverse range of stakeholders, including learners, educators, and institutions. This can lead to an enriched Cardano ecosystem with increased user engagement and transaction volume.
• Innovation and Growth: The project's focus on open-source collaboration and incentivized learning can drive innovation and growth within the Cardano community. This can enhance the reputation of Cardano as a leading platform for decentralized applications.
• Long-Term Value: While the upfront costs might seem high, the project is designed to deliver long-term value. The protocol's potential to democratize education and foster a more educated and engaged community can lead to sustained growth and development within the Cardano ecosystem.

The costs of the project have been calculated based on the complexity of the tasks involved, the expertise required, and the time needed to complete the project. They are in line with the average wage for blockchain developers and educators based on global standards, and typical rates for similar projects in the blockchain industry. The budget also includes costs for testing, documentation, community engagement, and maintenance, ensuring the project's success and sustainability.

[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