Ada Flow: Intuitive Transaction Insights & Visualization Tool

[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] Co-proposers and additional applicants

Dudi Edri

Yovel Ovadia

[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)

Develop a diagram-based visualization tool that simplifies tracking ADA from origin to endpoint, while providing risk rating data and insights into the transactions.

[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 dependencies

[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

Apache 2.0 license

The project will be fully open-source and should serve any entity that seeks to assist users or institutions get insights into transactions and their flow

[SOLUTION] Please describe your proposed solution

• Problem Perception: Existing tools for visualizing transactions on Cardano are too technical and not suited for average users or for those monitoring compliance and security.
• Approach: By employing user-friendly diagrams that map transaction flows, we make the data accessible to all users and enhance security monitoring.
• Enhanced Functionality: Ada Flow will incorporate advanced machine learning and AI technologies to provide real-time risk assessments and security insights via Cardano Shield. This addition will not only visualize transaction flows but also evaluate and rate their security and integrity.
• Insightful Summaries: The application will feature a dynamic summarization tool that highlights key transaction attributes, such as origin, amount, and risk level, directing users' focus to significant aspects of the data.
• Focused Analysis: To manage the complexity of blockchain data, Ada Flow will emphasize critical details, facilitating users’ understanding of potential risks and helping to identify malicious activities within transactions.
• Institutional Utility: Designed also for institutional use, Ada Flow will support compliance and integrity checks, providing essential tools for organizations to verify and scrutinize transactions before accepting funds.

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

• Impact Measurement: The success of Ada Flow will be measured through user engagement metrics, the accuracy of its risk assessments, and feedback from institutional users. We will track how effectively the tool reduces time spent on transaction analysis and improves decision-making regarding transaction safety.
• Value to Cardano Community: By enhancing transaction transparency and providing tools for detailed analysis, Ada Flow will attract more institutional users to the Cardano ecosystem, potentially increasing ADA's utility and market stability.
• Sharing Outputs: Findings and advancements from Ada Flow will be shared through academic publications, presentations at blockchain conferences, and contributions to open-source communities.

[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?

• Trust and Accountability: The team consists of experienced blockchain developers and legal experts ensuring the project meets high standards of trust and accountability.
• Validation of Feasibility: Prototype testing and iterative feedback cycles with community involvement validate our approach.
• Capability Evidence: The team’s background in blockchain technology, data science, and AI, combined with previous successful project deliveries, positions us uniquely to execute this project effectively.

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

Design and Prototype

Duration: 2 months

• Outputs:
• A detailed system architecture document outlining the technical specifications, data flow, and user interface design.
• A functional prototype demonstrating the core capabilities of visualizing transaction flows on the Cardano blockchain.
• Acceptance Criteria:
• System architecture meets all outlined specifications and supports scalability.
• Prototype is capable of fetching and displaying transaction data in a basic diagram format.
• Evidence:
• System architecture documents reviewed and approved by the technical team.
• Video demonstration and user testing feedback on the prototype.

Full Development and Initial Testing

Duration: 3 months

• Outputs:
• Fully developed application ready for extensive testing, integrating real-time transaction data and comprehensive graphical representations.
• Integration of Cardano Shield for security analysis.
• Integration with Xerberus for Risk rating analysis
• Initial testing reports including performance benchmarks and user interface usability.
• Acceptance Criteria:
• The application performs reliably with real-time data, maintaining performance standards under varying loads.
• User feedback indicates high usability and satisfaction with the interface.
• Evidence:
• Test reports documenting performance metrics.
• Usability study results and adjustments made based on feedback.

Security Auditing and Final Adjustments

Duration: 2 months

• Outputs:
• Security-audited application with all known vulnerabilities addressed.
• Tools to summarize transaction data and highlight critical risks or anomalies
• Acceptance Criteria:
• Tools effectively aid users in identifying significant transaction details and potential threats.
• Evidence:
• Final testing reports showing compliance with all performance and security requirements.

Launch and Marketing

Duration: 1 month

• Outputs:
• Official public release of the Ada Flow application.
• Comprehensive marketing campaign executed, including press releases, social media, and community outreach.
• Acceptance Criteria:
• Successful launch with media coverage and initial user adoption.
• Reach predefined adoption targets within the first month of release.
• Evidence:
• Media coverage reports and marketing materials.
• Analytics reports showing user adoption rates and application usage statistics.

Post-Launch Support and Iteration

• Outputs:
• Collection of user feedback for future improvements and documentation of frequently asked questions and solutions.
• Acceptance Criteria:
• Regular updates released addressing user feedback and emerging needs.
• Evidence:
• Update logs and version history documenting iterative improvements based on user feedback.

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

• Project Team:
• Adam Cazes – Project Lead, UX Designer
• Yovel Ovadia - Lead Developer
• Dudi Edri – Senior Developer
• Advisors to be recruited
• Financial Blockchain advisor
• Tax advisor
• Security advisor

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

• Development and Personnel: 200,000 ADA
• Legal and Compliance: 50,000 ADA
• Marketing, Miscellaneous and Contingency: 50,000 ADA

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

Cost Justification: Costs are aligned with average wages for blockchain development professionals in our region. Marketing and legal fees are based on standard industry rates. The proposed budget ensures comprehensive coverage of all necessary project facets, representing significant value for the Cardano ecosystem by enhancing security, compliance, and usability.