Elliptic: DePin Partnerchain Framework for Cardano

[GENERAL] Name and surname of main applicant

Amaan Khan

[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

Raihan Khan

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

2

[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 am to address this gap by conceptualizing a framework for deploying DePIN sidechains on Cardano.

[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

The project will be open source under MIT License. This will allow anyone to do whatever they wish with the original code, as long as the original copyright and license notice is included either in the distributed source code or software.

[METADATA] Horizons

Developer Tools

[SOLUTION] Please describe your proposed solution

The problem is the lack of a generalized decentralized infrastructure that enables developers to easily create DePIN (Decentralized Physical Infrastructure Networks) based sidechains. This limits innovation, decentralization, and broad adoption of dApps on platforms like Cardano.

Our Approach:

We propose building the DePIN Framework—a decentralized platform that allows developers to easily spin up sidechains on the Cardano blockchain using a network of distributed compute nodes and smart contracts. This framework will enable developers to deploy computational and service modules, abstracting away the complexity of managing decentralized infrastructure.

Key components of our approach include:

• Decentralized Compute Nodes: A network of contributors providing compute resources such as CPU, GPU, and storage.
• Smart Contracts: Enabling secure, transparent, and verifiable interactions for managing sidechains and services.
• DePIN SDK: A toolkit that simplifies resource discovery, module deployment, and interaction with the decentralized infrastructure.
• API Integration: Allowing developers to programmatically interact with deployed services, making integration with existing systems seamless.
• Reward Mechanism: Contributors who provide resources and maintain sidechains will earn token-based rewards, promoting sustained participation.

Who Will Benefit:

• Developers: Developers will be able to easily create and manage their own DePIN-based sidechains for any decentralized service or dApp, from decentralized storage solutions to AI-powered computation modules, using a straightforward deployment process.
• Enterprises and Startups: Organizations building decentralized services will gain access to scalable and cost-effective infrastructure without the need to maintain physical servers.
• Contributors: Node operators contributing resources to the network will be incentivized through a transparent rewards mechanism, promoting active engagement in maintaining decentralized infrastructure.
• The Cardano Ecosystem: Cardano will benefit from the creation of a robust, flexible infrastructure that encourages innovation and broader adoption of decentralized technologies.

Unique Features and Impact:

1. Generalization and Flexibility: Unlike other solutions that target specific use cases (e.g., Peaq Network’s focus on AI or IoT), the DePIN Framework is designed to support any decentralized application, making it highly flexible and applicable across industries.
2. Scalability: By leveraging decentralized compute nodes, the framework can easily scale in response to demand, ensuring that services are cost-effective and adaptable to users’ needs.
3. Incentive-Driven Ecosystem: The reward mechanism ensures a continuous flow of participation, building a sustainable, self-regulating infrastructure that aligns with Cardano’s mission of decentralization.
4. Innovation Hub: This framework will foster new projects and ideas, allowing developers to experiment with DePIN-based sidechains across a wide variety of sectors, from finance to healthcare, energy, and beyond.

Proving Impact:

We will measure the success of the DePIN Framework through:

• Developer Adoption: Tracking the number of sidechains and services deployed on the framework.
• Network Growth: Monitoring the increase in decentralized compute nodes and resources contributing to the network.
• Transaction Volume: Measuring the volume of transactions and interactions handled by the framework's smart contracts.
• Token Circulation: Assessing the effectiveness of the rewards mechanism by tracking token circulation among node operators and contributors.

This solution is essential to Cardano’s future because it aligns with the platform’s goal of decentralization, empowering the community, and creating new opportunities for developers to innovate, all while fostering the growth of a diverse and resilient ecosystem.

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

Impact on the Cardano Community:

1. Accessibility: Elliptic will make advanced AI technologies more accessible to developers within the Cardano community, empowering them to leverage decentralized compute resources for generative AI tasks.
2. Innovation: By providing a decentralized platform for deploying AI inferences, Elliptic will foster innovation and experimentation within the Cardano ecosystem, driving the development of new AI applications and use cases.
3. Community Engagement: Elliptic will facilitate collaboration and knowledge sharing among developers, creating a vibrant community around generative AI technologies on Cardano.
4. Economic Opportunities: Elliptic's reward mechanism will incentivize participation and contribution to the network, creating economic opportunities for individuals and organizations within the Cardano community.

Measurement of Impact:

1. User Adoption: Tracking the number of developers and projects utilizing Elliptic's platform for AI inference tasks on Cardano.
2. Community Feedback: Gathering qualitative feedback from developers and users regarding their experience with Elliptic, including usability, effectiveness, and satisfaction.

Sharing Outputs:

1. Public Announcements: Regular updates and announcements about Elliptic's progress and milestones will be shared with the Cardano community through official channels and social media platforms.
2. Documentation and Tutorials: Providing comprehensive documentation and tutorials to assist developers in understanding and utilizing Elliptic's platform effectively.
3. Partnerships and Collaborations: Collaborating with other projects and organizations within the Cardano ecosystem to promote awareness of Elliptic and explore opportunities for integration and mutual benefit.

[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?

eam Expertise and Background

Raihan Khan and Amaan Khan bring over 7 years of combined experience in product development, specializing in Full Stack Development, Cardano, and cybersecurity. Raihan, as the tech lead at PinkSurfing, has a strong foundation in JavaScript, React, Node.js, and MongoDB, while Amaan's expertise lies in web3, blockchain, AI, and the MERN stack.

Project Delivery and Fund Management

• Structured Development Process: Our approach involves rigorous planning, development, testing, and deployment phases with clear milestones and deliverables.

• Open Communication: We commit to maintaining open lines of communication with stakeholders through regular updates via social media, project reports, and community forums.

• Financial Oversight: Implementing detailed budgeting, regular audits, and transparent reporting ensures proper fund management and accountability.

• Validation and Testing: Prototypes will be deployed in controlled environments for validation, with feedback used iteratively to improve the concept.

• Community Engagement and Feedback: Continuous engagement with the Cardano community ensures alignment with user needs and expectations through beta testing and feedback collection.

Conclusion

With over 7 years of combined experience in product development and a robust project management approach, our team is highly capable of successfully delivering the Lemma project with trust and accountability, contributing significantly to the growth of the Cardano community.

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

Milestone 1: Research

• Milestone Outputs: Comprehensive research report outlining the current landscape of decentralized compute networks, smart contract integration on Cardano, and existing AI deployment platforms.
• Acceptance Criteria: The research report covers relevant topics such as decentralized compute models, smart contract capabilities on Cardano, potential challenges, and opportunities for Elliptic.
• Evidence of Milestone Completion: Submission and approval of the research report by the project stakeholders.

Milestone 2: Architectural Design

• Milestone Outputs: Architectural design document detailing the technical specifications and components of the Elliptic framework, including decentralized compute nodes, smart contract integration, Elliptic Python SDK, module deployment process, and API integration.
• Acceptance Criteria: The architectural design document provides a clear and detailed overview of the technical structure and workflow of the Elliptic framework, addressing key functionalities and potential challenges.
• Evidence of Milestone Completion: Review and approval of the architectural design document by the project team, ensuring alignment with project goals and requirements.

Milestone 3: Low Fidelity Prototype and Project Closure Report

• Milestone Outputs: Low fidelity prototype demonstrating the developer experience.
• Acceptance Criteria: The prototype successfully showcases basic developer experience of the Elliptic framework.
• Evidence of Milestone Completion: Demonstration and validation of the low fidelity prototype by the project stakeholders, followed by the submission of the project closure report summarizing the project's outcomes, lessons learned, and future recommendations.

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

Amaan Khan is a full-stack developer, Opshin developer, and cybersecurity enthusiast with four years of professional experience. He has worked on numerous innovative projects across web3, blockchain, artificial intelligence, and the MERN stack. Amaan has successfully completed a variety of freelancing projects, delivering exceptional solutions to his clients. In addition to his development work, he runs a graphic design company, where he collaborates with his team to provide creative and impactful solutions.

Furthermore, Amaan is passionate about cybersecurity and shares his knowledge through a dedicated channel. On this platform, he creates informative content covering topics such as blockchain, AI, and cybersecurity, helping to spread awareness and educate people about these critical areas. His diverse skills and commitment to both technology and education make him a valuable contributor to the tech community.

https://twitter.com/amaan_sec

https://www.instagram.com/amaan_sec/

https://www.instagram.com/amaan.designlab/

https://amaancoderx.github.io/portfolio/

https://www.linkedin.com/in/amaan-khan-20292823a/

Raihan Khan, a Full Stack and Blockchain Developer with a comprehensive 3+ years of background in developing scalable and efficient web applications. He is currently a tech lead at https://pinksurfing.com/. Armed with a Bachelor's degree in Computer Science from Rajshahi University, He have deep expertise in a range of technologies including JavaScript, React, Node.js, and MongoDB. His approach combines a keen understanding of user experience with robust backend logic to create seamless digital solutions that drive business success.

https://www.instagram.com/theraihhan/

https://www.linkedin.com/in/raihan-khan-07a1aa21b/

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

• Research: 25,000 ADA
• Project Manager: 4,000 ADA
• Lead Developer: 8,000 ADA
• Protocol Architect: 10,000 ADA
• Technical Writers: 3,000 ADA

• Design: 20,000 ADA
• Project Manager: 2,000 ADA
• Lead Developer: 8,000 ADA
• Protocol Architect: 10,000 ADA

• Low-Fidelity Prototype: 25,000 ADA
• Project Manager: 4,000 ADA
• Marketing activities: 12,000 ADA
• Backend Developers (2): 6,000 ADA
• QA Engineers: 2,000 ADA
• Technical Writers: 1,000 ADA

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

The cost of the project, set at 70,000 ADA, represents significant value for money for the Cardano ecosystem, taking into account the following factors:

Expertise in Cardano: The project necessitates skilled professionals with specialized knowledge of the Cardano blockchain & ecosystem.

These skills are in high demand and command premium rates. The budgeted costs are aligned with industry standards for such expertise.

• Efficient Resource Allocation: The proposed costs for conceptualizing this idea on the Cardano blockchain are carefully evaluated to ensure efficient resource allocation. By leveraging existing infrastructure and expertise within the Cardano community, the project minimizes unnecessary expenditures while maximizing the impact of the investment.

• Feasibility Assessment: The costs are determined based on a thorough feasibility assessment, taking into account factors such as development complexity, regulatory considerations, and market dynamics. This rigorous evaluation process minimizes the risk of budget overruns and ensures that the project remains financially viable throughout its lifecycle.

• Value Proposition: The costs of the proposal are justified by the potential value it brings to the Cardano ecosystem. The project has the potential to unlock new opportunities for growth and development, ultimately delivering significant long-term value for stakeholders.

In summary, the costs associated with the proposal are justified by the efficient allocation of resources, community-driven development approach, thorough feasibility assessment, and the value proposition for the Cardano ecosystem.