The Untapped Potential of Digital Space (Crypto) for SMS’s Businesses in Northern Ghana

[GENERAL] Name and surname of main applicant

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

[GENERAL] Requested funds in ada

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

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

Implement comprehensive education programs on crypto for SMS businesses in Northern Ghana, coupled with accessible digital infrastructure and regulatory support, to unlock growth opportunities.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

[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 dependancies

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

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

Project will be fully open source.

Cardano Ambassadors, Education, Events

[METADATA] SDG rating

SDG goals:

Enhance the development of robust infrastructure, encourage equitable and sustainable industrial growth, and nurture innovation.

SDG subgoals:

Enable the establishment of sustainable and resilient infrastructure in developing nations by providing increased financial, technological, and technical assistance to African countries, least developed nations, landlocked developing countries, and small island developing states particularly for small and medium-sized enterprises (SMEs).

Key Performance Indicator (KPI):

The overall international assistance provided (comprising official development assistance and other official flows) to support infrastructure development for small and medium-sized enterprises (SMEs).

Universal Human Rights Index (UHRI):

[SOLUTION] Please describe your proposed solution

Challenge:

EMS businesses can no longer afford to operate solely in the physical realm. By embracing the digital space, these organizations can unlock a wealth of opportunities to improve efficiency, enhance customer experiences, and stay ahead of the curve. The industry today is facing increasing challenges, from rising operational costs to the need for more efficient and transparent processes. One identified problem is the lack of awareness, low level knowledge and understanding about these technologies, concerns regarding the regulatory environment and uncertainty around the legal status of cryptocurrencies in some regions making them hesitant to engage in cryptocurrency transactions more especially those working with tight budget and limited resources.

Proposed Solution:

1. Education and Training: Implement tailored education and training programs focused on cryptocurrencies and digital finance for SMS entrepreneurs. This includes workshops, seminars, and online resources to enhance their understanding and adoption of crypto technologies.
2. Regulatory Support: Work with local authorities and regulatory bodies to create a supportive regulatory environment for crypto adoption. This involves clarifying regulations, promoting innovation-friendly policies, and ensuring compliance measures are feasible for SMS businesses.
3. Community Engagement: Encourage community engagement and awareness campaigns to build trust and confidence in crypto technologies among SMS entrepreneurs and their customers. This involves grassroots initiatives, local events, and outreach programs.
4. Partnerships and Collaborations: Foster partnerships with fintech companies, crypto startups, and development organizations to provide technical support, funding opportunities, and access to innovative solutions tailored for SMS businesses.

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

1. Expansion of User Base: By onboarding SMS businesses into Cardano's ecosystem, there will be an expansion of users and adoption of the Cardano blockchain. This can lead to increased demand for ADA tokens and other native assets within the Cardano network.
2. Diverse Use Cases: Integrating SMS businesses into Cardano can showcase diverse real-world use cases for blockchain technology, beyond traditional financial institutions. This can inspire other communities and businesses globally to explore similar opportunities.
3. Ecosystem Growth: Increased adoption of Cardano by SMS businesses can contribute to the overall growth of the Cardano ecosystem. This may attract more developers, entrepreneurs, and investors to participate in building and supporting projects within the ecosystem.
4. Social Impact: Empowering SMS businesses in Northern Ghana with crypto knowledge and access to digital financial tools can have significant social impacts, such as improving financial inclusion, fostering economic growth, and promoting entrepreneurship within the region.
5. Global Recognition: Successful implementation of this project can enhance Cardano's reputation as a blockchain platform that prioritizes financial inclusion and sustainable development. This positive recognition may attract more partnerships and collaborations with organizations aiming to make a meaningful impact in underserved regions.

In conclusion, integrating SMS businesses in Northern Ghana into the Cardano ecosystem can contribute to its growth, diversity, and positive social impact, while showcasing practical applications of blockchain technology in real-world contexts. This can ultimately strengthen Cardano's position within the wider crypto community and beyond.

[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?

Solomon Salifu, a dedicated teacher, is driven by his passion for sharing knowledge for the benefit of others. His commitment has motivated him to actively participate in blockchain conferences as a speaker, website designer and create tech and blockchain-related content that he shares on many platforms such as CTeil. My expertise and experience in blockchain technology and crypto adoption, including previous projects or initiatives demonstrate successful integration of similar communities into digital finance ecosystems.

Solomon have also in the past build partnership with relevant stalk holder such as as local NGOs and development organizations. These partnerships can provide access to resources, networks, and expertise necessary for project success.

I also Demonstrated technical proficiency in implementing crypto solutions, such as integrating Cardano or other blockchain platforms into existing business operations. This includes knowledge of smart contracts, tokenization, and decentralized finance (DeFi) concepts.

i have had the opportunity to engage in communities with past project of cardano with Jerimiah Baani and have also conducted research in communities with other organizations and that has given me the uper hand to be accepted in such communities for the cardano to penetrate.

Eric Robertson Yaw I, with a development background and a passionate entrepreneur with high interest in teaching skills and values that can cause a digital transformation with the expertise and experience in building POS, and other websites for such businesses.

Hawa Nindow with much experience in project management and organizational ethic coupled with experience in leading Educational transformational move in Tertiary education, will help shape and structure how our finances are disbursed and utilized for the success of the project. Hawa has also worked with local and international NGO's dealing with poverty Eradication in commuties and business.

we are confident that the project scope will best fit for our expertise.

there will be consistent progress reports as we begin the project.

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

1. Preparation and Planning:

• Stakeholder Engagement and Needs Assessment: Conduct consultations with SMS business owners, community leaders, regulators, and development organizations to understand their challenges and needs related to crypto adoption. Gather insights to inform project design and strategy.
• Design and Development of Education Programs: Collaborate with local experts to develop tailored education and training programs on crypto technologies, blockchain fundamentals, and digital finance. Ensure these programs are culturally relevant and address specific knowledge gaps of SMS businesses.

Duration: 1 month

Estimated Cost: 10,057 ADA

2 Regulatory Engagement and Compliance:

• Engagement with Regulatory Authorities: Engage with relevant regulatory authorities and policymakers to advocate for a supportive regulatory environment for crypto adoption. Clarify regulations, advocate for policy reforms, and ensure compliance measures are feasible for SMS businesses.

Duration: 1 month

Estimated Cost: 11,325 ADA

3 Pilot Testing and Evaluation:

• Selection and Deployment of Pilot SMS Businesses: Select a cohort of SMS businesses to participate in the pilot phase. Deploy crypto solutions and education programs to test feasibility and effectiveness.
• Monitoring and Evaluation of Project Outcomes: Establish monitoring mechanisms to track project progress, assess crypto adoption rates, and measure business impacts. Use data and feedback to refine strategies.

Duration: 1 month

Estimated Cost: 10,618 ADA

   4: Scaling and Sustainability:

• Refinement and Scaling of Interventions: Based on pilot results, refine project strategies and scale successful interventions to additional SMS businesses in Northern Ghana.
• Long-term Sustainability Planning: Develop sustainability plans to ensure continued growth and impact of crypto adoption initiatives beyond the project duration. Foster local capacity-building and explore partnerships for sustained support.

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

Solomon Salifu:

Team & Coordinating lead:

www.linkedin.com/in/solomon-salifu

Eric Robertson Yaw

Event, Educator and developer

https://www.linkedin.com/in/eric-robertson-yaw-i

Hawa Nindow:

project lead & Adivsory board

https://www.linkedin.com/in/hawa-nindow

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

1. Stakeholder Engagement and Needs Assessment:

• Consultations and meetings with stakeholders: 5,000 ADA
• Surveys and data collection: 3,000 ADA
• Report and analysis of needs assessment: 2,000 ADA
• Total Cost: 10,000 ADA

1. Design and Development of Education Programs:

• Collaboration with local experts: 6,000 ADA
• Development of educational materials (workshops, materials): 8,000 ADA
• Total Cost: 14,000 ADA

1. Regulatory Engagement and Compliance:

• Engagement with regulatory authorities: 3,000 ADA
• Advocacy and policy workshops: 2,000 ADA
• Total Cost: 5,000 ADA

1. Pilot Testing and Evaluation:

• Selection and deployment of pilot SMS businesses: 3,000 ADA
• Monitoring and evaluation costs (data collection, analysis): 4,000 ADA
• Total Cost: 7,000 ADA

1. Scaling and Sustainability:

• Refinement and scaling of interventions: 4,000 ADA
• Long-term sustainability planning: 3,000 ADA
• Total Cost: 7,000 ADA
• 
  

This comprehensive cost breakdown ensures sufficient resources for each project component, allowing for thorough stakeholder engagement, robust educational programs, effective regulatory engagement, comprehensive pilot testing, and sustainable scaling of interventions. The budget allocation aims to maximize impact and value for money within the Cardano ecosystem by fostering crypto adoption and economic empowerment in Northern Ghana. Adjustments can be made based on specific project requirements and cost estimates to optimize outcomes and achieve meaningful results.

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

The cost of the project, utilizing a budget of 30,000 ADA to integrate SMS businesses into the crypto ecosystem in Northern Ghana, signifies a strategic investment for Cardano's growth and adoption in an underserved market. By focusing on this integration, the project diversifies and strengthens the ecosystem, creating new opportunities for Cardano's expansion.

This budget enables the development of robust education programs, regulatory engagement, pilot testing, and scaling initiatives. These efforts aim to increase awareness, adoption, and practical use cases of Cardano's blockchain technology within the community, showcasing its versatility and applicability.

Efficient resource allocation ensures maximum impact across stakeholder engagement, education, regulatory activities, and sustainability planning. This optimized approach maximizes project effectiveness within the allocated budget.

Allocating resources towards sustainability planning fosters long-term growth and adoption beyond the project's duration, promoting continuous development in Northern Ghana and potentially beyond, contributing to Cardano's ecosystem expansion and diversification.

The project aims to deliver tangible outcomes such as increased crypto adoption, business growth among SMS enterprises, and positive socio-economic impacts. Demonstrating a positive return on investment, these outcomes highlight the project's value for the Cardano community, advancing financial inclusion, decentralized finance (DeFi), and sustainable development through innovative blockchain solutions.