Cardano Symphony: A New Era of Music Data Insights

[GENERAL] Name and surname of main applicant

gashaw taye

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

Entity (Incorporated)

[GENERAL] Co-proposers and additional applicants

abbblybelay@gmail.com,abebetedila@gmail.com,hilinamulugeta1557@gmail.com

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

9

[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 'Cardano Symphony,' a decentralized platform that provides musicians with real-time analytics and insights, enhancing transparency and empowering artists to make informed decisions.

[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.”

our project relies on partnerships with music streaming platforms for data access and collaboration with blockchain developers for integrating Cardano. These dependencies are crucial for delivering accurate analytics.

[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

all outputs of 'Cardano Symphony' will be fully open source. This ensures transparency, encourages community collaboration, and allows developers to build upon our work, enhancing the ecosystem.

[METADATA] Horizons

Connected Community

[SOLUTION] Please describe your proposed solution

We perceive the core problem in the music industry as the lack of transparency and actionable insights provided to artists regarding their music's performance. Many existing analytics tools are centralized, offering limited data and often obscuring the true value of artists' work. Our approach with Cardano Symphony is to harness the power of blockchain technology to create a decentralized analytics platform that offers real-time insights into music performance, empowering artists to make informed decisions.

Unique Approach:

Our solution will engage a wide range of stakeholders, including independent musicians, record labels, and music enthusiasts. By integrating with music streaming platforms, we will collect data on plays, listener demographics, and engagement metrics. This data will be processed and presented in a user-friendly dashboard that artists can easily access and understand.

Demonstrating Impact:

We will measure our impact through quantitative metrics such as the number of active users, engagement levels on the platform, and qualitative feedback from artists using the insights provided. Additionally, we plan to publish regular reports and case studies showcasing how our platform has positively affected artists' careers.

Benefits to Cardano:

This project is crucial for the Cardano ecosystem as it promotes the use of blockchain technology in a creative field, attracting artists and developers to the platform. By providing a tool that enhances transparency and democratizes data access, we can strengthen the Cardano community and contribute to its reputation as a leader in innovative solutions.

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

Positive Impact on the Cardano Community:

The Cardano Symphony project will significantly enhance the Cardano ecosystem by bridging the gap between blockchain technology and the music industry. By empowering artists with decentralized analytics, we will promote transparency and equitable access to data, which can lead to a more vibrant and diverse music scene.

Measuring Impact:

We will measure our impact through both quantitative and qualitative metrics:

1. Quantitative Metrics:

• Number of artists using the platform.
• Volume of data accessed and analyzed.
• User engagement rates, such as log-ins and interactions with the analytics dashboard.

1. Qualitative Metrics:

• Feedback and testimonials from artists on how our insights have influenced their decision-making.
• Case studies highlighting successful outcomes for artists who have utilized our platform.

Sharing Outputs:

We will share our outputs through various channels:

• Regular Updates: We will provide updates via the Cardano community forums and social media, detailing our progress and impact metrics.
• Workshops and Webinars: Hosting sessions for artists to learn how to leverage our platform effectively, fostering community engagement.
• Collaborative Reports: Publishing comprehensive reports that document our findings and insights, which can be shared with the wider Cardano community and other stakeholders in the music industry.

Value to the Cardano Community:

The success of Cardano Symphony will not only validate the use of Cardano for innovative applications but also attract more artists and developers to the platform. By demonstrating the utility of blockchain in a creative industry, we will help position Cardano as a leader in decentralized solutions, fostering further innovation and collaboration within the 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?

Capability to Deliver with Trust and Accountability:

Our team is well-equipped to deliver the Cardano Symphony project successfully, drawing on our collective experience in blockchain technology, music analytics, and project management. We have a proven track record of developing innovative solutions that leverage decentralized technology to solve real-world problems. Our team members have backgrounds in software development, data analytics, and the music industry, ensuring a well-rounded approach to this project.

Feasibility Validation:

To validate the feasibility of our approach, we will take the following steps:

1. Pilot Testing: We will conduct a pilot phase with a select group of artists and music platforms to gather initial feedback and identify any challenges early on. This will help us refine our platform based on real user experiences.
2. Technology Assessment: We will assess the technical requirements and scalability of our solution, ensuring that it can handle data processing and analytics efficiently. This will include a review of existing technologies and tools that can be integrated into our platform.
3. Partnership Engagement: We will engage with music streaming platforms and blockchain developers early in the process to secure necessary partnerships and support. Their input will be invaluable in shaping the platform's capabilities and ensuring smooth integration.

Trust in Fund Management:

To demonstrate our commitment to managing funds responsibly, we will implement the following processes:

• Budget Transparency: We will maintain an open budget that outlines all expenses, making this available to stakeholders and the Cardano community for review.
• Regular Reporting: We will provide regular financial reports detailing fund usage, project progress, and any adjustments to the budget. This will ensure accountability and maintain trust within the community.
• Third-Party Audits: We will consider engaging a third-party auditor to review our financial records and processes at key project milestones, ensuring that funds are managed appropriately and according to best practices.

By combining our expertise with robust processes for accountability and transparency, we are confident in our ability to deliver the Cardano Symphony project successfully.

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

Milestone 1: Project Kickoff and Requirements Gathering

• Description: Establish project team and define detailed project requirements through workshops with music industry stakeholders and potential users.
• Acceptance Criteria: Completion of a comprehensive project requirements document, stakeholder sign-off, and project timeline.

Milestone 2: Platform Design and Architecture

• Description: Develop the technical architecture and user interface designs for the music data analytics platform. This includes wireframes and user journey maps.
• Acceptance Criteria: Approval of design prototypes from stakeholders and finalized architecture documentation.

Milestone 3: Development of Core Features

• Description: Implement the core functionalities of the platform, including data analytics, user dashboard, and integration with Cardano’s blockchain for secure data storage.
• Acceptance Criteria: Completion of functional tests for all core features, with successful demonstrations to stakeholders.

Milestone 4: Pilot Testing and User Feedback

• Description: Launch a pilot version of the platform with a select group of users, gather feedback, and identify any issues that need to be addressed.
• Acceptance Criteria: Collection of user feedback reports, completion of necessary iterations, and stakeholder approval for moving to the next phase.

Milestone 5: Full Launch and Community Engagement

• Description: Launch the full version of the platform to the public and initiate community engagement strategies, including webinars and tutorials.
• Acceptance Criteria: Successful launch event, community engagement metrics (e.g., user sign-ups, participation in webinars), and positive user reviews.

Final Milestone: Project Close-out Report and Video

• Description: Compile a comprehensive project close-out report detailing the project's outcomes, lessons learned, and user impact. Produce a video summarizing the project.
• Acceptance Criteria: Completion of the project close-out report and video, shared with the Cardano community and stakeholders.

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

1. gashaw taye

• Role: Project Lead / Product Manager
• Responsibilities: Oversee project execution, coordinate team efforts, manage stakeholder engagement, and ensure project milestones are met.
• LinkedIn Profile: [Your LinkedIn URL]

1. abebe tedila

• Role: Lead Developer
• Responsibilities: Responsible for software development, technical architecture, and implementation of the music analytics platform.
• LinkedIn Profile: [Team Member 1 LinkedIn URL]

1. hilina mulugeta

• Role: UX/UI Designer
• Responsibilities: Design user interfaces, create wireframes, and ensure a user-friendly experience throughout the platform.
• LinkedIn Profile: [Team Member 2 LinkedIn URL]

1. abebe belay

• Role: Data Scientist
• Responsibilities: Develop algorithms for music data analysis, including data processing, analytics, and machine learning models.
• LinkedIn Profile: [Team Member 3 LinkedIn URL]

1. kalabe mulugeta

• Role: Marketing Specialist
• Responsibilities: Lead community engagement strategies, manage promotional activities, and oversee user feedback initiatives.
• LinkedIn Profile: [Team Member 4 LinkedIn URL]

Additional Team Members to Recruit

We are planning to recruit additional team members with the following specific skills:

• Blockchain Developer: Experience with Cardano blockchain technology, smart contracts, and integration with web applications.
• Content Creator: Skilled in creating engaging content for marketing and educational purposes, including videos, articles, and social media posts.
• QA Tester: Proficient in testing software applications, ensuring functionality, usability, and performance.

Engagement with Relevant Organizations

We have engaged with various music industry stakeholders and Cardano community members through platforms like Discord and Telegram to understand their needs and ensure they are supportive of this project. Initial feedback has been positive, indicating a strong interest in the project’s objectives and potential impact.

Communication Channels

We have established direct lines of communication with potential partners and community members in the Cardano ecosystem through:

• Discord: Engaged with various channels related to Cardano and music analytics.
• Telegram: Participated in discussions regarding music data solutions within the Cardano community.

Disclosure of Project Participants

All project participants have disclosed their roles and scope of services in this proposal, ensuring transparency and accountability as part of the funding request process.

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

Budget & Costs Breakdown

Total Requested Funding: 150,000 ADA

1. Personnel Costs (80,000 ADA)

• Project Lead: 12 months at 6,667 ADA/month → 80,000 ADA
• Lead Developer: 6 months at 5,000 ADA/month → 30,000 ADA
• UX/UI Designer: 6 months at 4,000 ADA/month → 24,000 ADA
• Marketing Specialist: 6 months at 4,000 ADA/month → 24,000 ADA

1. Software Licenses (20,000 ADA)

• Music Analytics Software: 10,000 ADA (Licensing costs for analytical tools)
• Hosting & Infrastructure: 10,000 ADA (Cloud hosting fees for app deployment)

1. Marketing & Promotion (30,000 ADA)

• Community Engagement & Workshops: 20,000 ADA (Organizing events and webinars)
• Online Advertising: 10,000 ADA (Budget for social media ads and campaigns)

1. Documentation & Reporting (10,000 ADA)

• Technical Documentation: 5,000 ADA (Creation of user guides and manuals)
• Project Close-out Report & Video: 5,000 ADA (Compilation of final project report and promotional video)

Notes

• All budget elements are essential for the successful execution of the project.
• The project will be managed carefully to ensure funds are allocated efficiently.
• Any third-party products and services used will adhere to Cardano funding rules.

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

The total cost of 150,000 ADA for the Cardano Symphony: A New Era of Music Data Insights project represents a strong value for money for the Cardano ecosystem for several reasons:

1. Industry-Standard Costs: The budget has been carefully crafted based on industry benchmarks for salaries, software licenses, and marketing expenses. For example:

• Personnel Costs: The salaries for the project lead, developers, and designers align with the average wages in the software development and digital marketing sectors in [insert your country]. This ensures that we attract and retain high-quality talent essential for delivering a successful project.
• Software Licenses: The costs associated with music analytics software and cloud hosting services reflect the standard market rates for such tools, which are critical for implementing advanced data analytics functionalities.

1. Comprehensive Scope: The project aims to deliver a multifaceted solution that encompasses music data analytics, community engagement, and educational initiatives. By investing in a skilled team and robust tools, we aim to create a sustainable platform that will benefit not only music artists but also fans, industry stakeholders, and the broader Cardano community.
2. Community Impact: This project is designed to enhance the Cardano ecosystem by providing valuable insights into music data, fostering greater collaboration among artists, and driving innovation in the music industry. By measuring success through both quantitative metrics (user engagement, data analytics) and qualitative feedback (community satisfaction, artist testimonials), we ensure that our efforts yield meaningful results for all stakeholders.
3. Transparency and Accountability: We are committed to maintaining high levels of trust and accountability throughout the project's lifecycle. By utilizing well-defined project management practices and regular reporting, we will ensure that every ADA spent is tracked and justified. This will include detailed financial reports and updates shared with the community, reinforcing transparency.
4. Return on Investment: The expected outcomes from this project include increased user engagement on the Cardano platform, higher visibility for participating artists, and the potential to attract new users to Cardano through innovative applications in the music space. These outcomes will not only enhance the ecosystem but also promote Cardano as a leader in integrating blockchain technology with the arts.

In summary, the investment in this project represents a strategic initiative that is well-aligned with the Cardano community's goals, offering substantial long-term benefits that far outweigh the initial costs.