Cardano eCommerce Application

[GENERAL] Name and surname of main applicant

Anokye James Yaw

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

Entity (Not Incorporated)

[GENERAL] Co-proposers and additional applicants

Keklem Yevudza Lawrence

Emmanuel BornGreat Adzi-Tay

[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 will develop an ADA-friendly ecommerce app for purchasing real goods/services, enhancing ADA adoption and increasing trading volume.

[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

As our project outputs will be fully open source, we intend to make the code available throughout the entire lifecycle of the project with a declared open-source repository. We plan to use the MIT License for our open-source code, providing users with the freedom to modify and distribute the software while ensuring proper attribution and disclaimer of liability. Additionally, we commit to maintaining transparency and accessibility to our project's source code to foster collaboration and community contribution.

[METADATA] SDG rating

1. SDG 8: Decent Work and Economic Growth: By promoting the use of ADA in ecommerce, our project contributes to economic growth and job creation, especially in the blockchain and cryptocurrency sectors.
2. SDG 9: Industry, Innovation, and Infrastructure: Our project involves innovation in the fintech sector by integrating ADA payments into ecommerce platforms, thereby contributing to infrastructure development in digital finance.
3. SDG 10: Reduced Inequalities: Providing access to ADA transactions in ecommerce helps reduce financial inequalities by offering an alternative payment method accessible to a broader population.
4. SDG 12: Responsible Consumption and Production: Encouraging the use of ADA for purchasing goods and services promotes responsible consumption patterns and sustainable production methods.

[SOLUTION] Please describe your proposed solution

Our proposed solution addresses the current limitation of ADA adoption in online retail by developing an innovative ecommerce application that facilitates transactions using ADA. We recognize the growing importance of cryptocurrencies in the global economy and aim to position ADA as a viable currency for purchasing goods and services.

Our approach is unique in that it leverages the capabilities of Cardano's blockchain technology to create a secure and efficient payment system for ecommerce transactions. By integrating ADA payments into our platform, we provide users with a seamless and cost-effective way to engage in online shopping while contributing to the growth of the Cardano ecosystem.

Our project will engage both merchants and consumers. Merchants will benefit from increased sales opportunities by tapping into the growing community of ADA holders, while consumers will enjoy the convenience and security of using ADA for their online purchases.

We will demonstrate the impact of our solution by tracking key metrics such as transaction volume, user engagement, and merchant adoption. Additionally, we will gather feedback from users to continuously improve the platform and ensure its alignment with the needs of the Cardano community.

Overall, our solution holds great importance for Cardano as it expands the utility of ADA beyond investment and speculation, positioning it as a practical currency for everyday transactions. This not only strengthens the Cardano ecosystem but also contributes to the broader goal of promoting financial inclusion and innovation in the digital economy.

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

Our project aims to have a positive impact on the wider Cardano community in several ways. Firstly, by promoting the use of ADA in ecommerce, we contribute to the overall adoption and utility of the Cardano blockchain. This increased utility enhances the value proposition of ADA as a digital currency and strengthens its position in the cryptocurrency market.

We will measure the impact of our project through both quantitative and qualitative metrics. Quantitatively, we will track the growth in transaction volume and the number of merchants and users adopting ADA as a payment method on our platform. Qualitatively, we will gather feedback from users and merchants to assess their satisfaction levels and the perceived benefits of using ADA for ecommerce transactions.

To share our outputs and opportunities with the Cardano community, we will employ various channels such as social media, community forums, and developer meetups. We will publish regular updates on the progress of our project, including key metrics, milestones achieved, and insights gained. Additionally, we will actively engage with the Cardano community to solicit feedback, address concerns, and foster collaboration.

Overall, the success of our project will bring value to the Cardano community by expanding the use cases for ADA, driving adoption among merchants and consumers, and fostering innovation in the blockchain space. Through transparent communication and collaboration, we aim to maximize the positive impact of our project on the wider Cardano ecosystem.

[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 comprises seasoned professionals with extensive experience in blockchain development, fintech, and UX/UI design. With a track record of successfully delivering complex projects, we possess the expertise to execute this endeavor effectively. To ensure accountability, we will implement transparent project management practices, regular progress updates, and financial reporting. Additionally, we'll adhere to strict budgetary controls and utilize milestone-based funding disbursements, providing stakeholders with confidence in our financial management.

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

A: Development of basic platform architecture and UI/UX design.

B: Successful completion of platform wireframes and architectural diagrams.

C: Submission of wireframes and architectural diagrams for review.

A: Integration of ADA payment gateway and basic user account functionalities.

B: Successful testing of ADA payment processing and user account creation.

C: Demonstration of ADA payment processing and user account creation functionalities.

A: Implementation of advanced features such as product search, cart management, and order processing.

B: Successful testing of product search, cart management, and order processing functionalities.

C: Demonstration of seamless product search, cart management, and order processing.

A: Testing and debugging of the entire platform for any issues or errors.

B: Verification of platform stability and performance under various loads.

C: Submission of a comprehensive testing report highlighting any issues and their resolutions.

A: Deployment of the ecommerce platform on a staging environment for final testing.

B: Conducting user acceptance testing (UAT) to ensure platform functionality and usability.

C: Approval from stakeholders based on successful completion of UAT.

A: Launch of the ecommerce platform for public use.

B: Verification of platform stability and performance in a live environment.

C: Announcement of the platform launch and commencement of user transactions.

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

Project Team:

1. James Anokye - Frontend Developer

• Role: Responsible for frontend development, UI implementation, and user interaction design.
• LinkedIn: James Anokye

1. Keklem Yevudza - UI/UX Designer

• Role: Designing intuitive user interfaces, wireframes, and user experience improvements.
• LinkedIn: Keklem Yevudza

1. Emmanuel Adzi-Tay - Backend Developer

• Role: Developing backend systems, server-side logic, and database management.
• LinkedIn: Emmanuel Adzi-Tay

Additional Skills Needed:

• Graphic Designer: Proficient in creating visually appealing UI/UX designs.
• QA Tester: Experienced in testing software functionalities and identifying bugs.
• Marketing Specialist: Skilled in promoting the platform and attracting users.
• Legal Advisor: Knowledgeable in regulatory compliance and intellectual property rights.

Engagement and Communication:

We have engaged with potential team members through technical group channels such as Discord and have established direct lines of communication with individuals possessing the necessary skills. We will continue to ensure open communication channels throughout the project to facilitate efficient collaboration and timely progress updates.

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

Budget Breakdown (30,000 ADA):

1. Development Costs:

• Frontend Development (James Anokye): ₳6,000
• UI/UX Design (Keklem Yevudza): ₳5,000
• Backend Development (Emmanuel Adzi-Tay): ₳8,000

1. Infrastructure and Hosting:

• Cloud Hosting Services: ₳2,000

1. Quality Assurance:

• QA Testing: ₳1,500

1. Marketing and Promotion:

• Social Media Marketing: ₳2,500
• Community Engagement Events: ₳1,500

1. Project Management:

• Project Manager (Part-time): ₳2,000

1. Legal and Compliance:

• Legal Advisor Consultation: ₳1,500

Total Requested Funds:

₳6,000 (Frontend) + ₳5,000 (UI/UX) + ₳8,000 (Backend) + ₳2,000 (Hosting) + ₳1,500 (QA) + ₳2,500 (Marketing) + ₳1,500 (Community) + ₳2,000 (Project Management) + ₳1,500 (Legal) = ₳30,000

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

The cost of the project represents excellent value for the Cardano ecosystem for several reasons. Firstly, the budget allocation is based on thorough research into local market rates and industry standards in Ghana, ensuring that the expenses are reasonable and aligned with economic realities. Secondly, by leveraging local talent and resources, the project maximizes efficiency and minimizes overhead costs, thereby optimizing the use of funds. Additionally, the proposed solution, an e-commerce platform facilitating ADA transactions, has the potential to significantly boost the adoption and utility of Cardano, driving demand for ADA and enhancing its overall value proposition. Thus, while the costs may seem high initially, they are justified by the anticipated impact on the Cardano ecosystem and the strategic allocation of resources to achieve long-term sustainability and growth.