Revolutionizing Property Management with Cardano Blockchain

[GENERAL] Name and surname of main applicant

Mrs. Kassanesh Ayalew

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

Entity (Incorporated)

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

7

[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)

automates property management, enables tokenized ownership, stores immutable records, and facilitates decentralized governance for transparent and efficient operations.

[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

We intend to make the project open source under the MIT License, ensuring broad accessibility and allowing developers to modify, distribute, and use the code freely. All key components, including smart contract code, tokenization protocols, and decentralized governance mechanisms, will be open source and available in a public GitHub repository. This ensures transparency, encourages community contributions, and fosters innovation in property management solutions built on Cardano. Sensitive user data and private records, however, will remain protected and not open sourced for security and privacy reasons.

[METADATA] Horizons

Real Estate

[SOLUTION] Please describe your proposed solution

Our solution aims to revolutionize property management by leveraging the Cardano blockchain to address inefficiencies, high costs, and lack of transparency in current systems. Property management involves complex tasks, such as rental payments, maintenance, and ownership transfers, which are prone to delays, errors, and security risks. By integrating Cardano's secure, decentralized infrastructure, we automate these processes through smart contracts, making property management more efficient, secure, and transparent.

Our platform will offer

1. Smart Contract Automation: Automated rental agreements, payments, and maintenance requests, reducing manual intervention and administrative overhead.
2. Tokenized Ownership: Enabling fractional ownership and investments in real estate through tokenization, making property investments accessible to a broader audience.
3. Immutable Records: Storing property records, transaction histories, and maintenance logs on the blockchain, ensuring transparency, security, and preventing tampering.
4. Decentralized Governance: Allowing property owners and stakeholders to make collaborative decisions on property matters, enhancing trust and reducing conflicts.

Our approach is rooted in Cardano’s strengths—security, decentralization, and scalability—making it ideal for property management use cases. The solution engages property owners, investors, tenants, and property managers by offering them more control, security, and transparency in the property lifecycle.|

To demonstrate impact, we will measure user adoption, reduced transaction times, cost savings from automation, and transparency improvements. Our unique approach of combining blockchain technology with property management gives Cardano a foothold in a real-world application, showcasing its capability to transform industries.

By solving these key pain points, our solution benefits a global market of property owners and investors, aligning with Cardano’s mission of creating positive real-world impacts through blockchain innovation.

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

Our project will positively impact the wider Cardano community by showcasing how blockchain can solve real-world problems in property management. By introducing decentralized governance, smart contracts, and tokenized real estate, we will:

1. Promote Cardano Adoption: Property owners, investors, and managers will engage with the Cardano ecosystem, increasing its user base and showcasing its capabilities in real-world use cases.
2. Enhance Cardano's Reputation: Successful implementation will demonstrate Cardano’s value in transforming traditional industries, reinforcing its position as a leading blockchain platform for secure and efficient decentralized applications.
3. Drive Innovation: The open-source nature of our project will encourage developers to build additional features or integrate new use cases, fueling innovation and ecosystem growth within Cardano.

Measuring Impact:

• Quantitative: We will track user adoption, transaction volume, and the number of properties managed through the platform. Metrics such as reduced transaction times and cost savings for property managers will also be key indicators.
• Qualitative: We will gather feedback from property owners and users to assess transparency improvements, decision-making efficiency, and user satisfaction with decentralized governance.

Sharing Outputs:

• Open Source Repository: All core components of the project will be shared on a public GitHub under the MIT License, encouraging community collaboration and integration.
• Community Engagement: We will share project progress, updates, and learnings through Cardano forums, Catalyst meetings, and social media platforms. Opportunities for developers and property managers to get involved will be highlighted.

[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?

We are well-positioned to deliver this project with high levels of trust and accountability due to our team's proven experience in blockchain development, smart contract deployment, and project management. Our team includes experienced developers with a deep understanding of Cardano’s architecture, property management experts, and project managers skilled in coordinating complex projects.

Capability:

1. Blockchain Expertise: We have successfully delivered several blockchain-based projects, including smart contract automation and tokenization on Cardano, ensuring our technical proficiency.
2. Real Estate Knowledge: Our team includes professionals with extensive experience in property management, understanding the industry's pain points and the value of blockchain-based solutions.
3. Project Management: Our past projects, including decentralized applications and tokenized assets, have been delivered on time and within budget. We have a clear track record of managing resources effectively.
4. Open Source Contribution: We have a history of contributing to the open-source community, ensuring transparency and collaboration in our development processes.

Feasibility Validation:

1. Initial MVP: We will develop and release a minimum viable product (MVP) with essential features, including smart contract automation and property record storage, to validate our approach and gather feedback from early adopters.
2. Community Testing: We will engage with the Cardano community to test our solution, ensuring that the system is secure, scalable, and meets the needs of property owners.
3. Iterative Development: Based on user feedback, we will continuously improve the platform, adding features such as decentralized governance and tokenized ownership in subsequent iterations.

Trust and Accountability:

1. Transparent Fund Management: We will maintain detailed and transparent financial reporting, making all expenses and milestones visible to the Cardano community through regular updates.
2. Milestone-Based Funding: We will structure the project with clear milestones, requesting funds in phases as we achieve each goal. This ensures that funds are only allocated when measurable progress is demonstrated.
3. Independent Auditing: We will seek independent audits of our smart contracts and financial reports to validate security and proper fund management, further building trust within the Cardano community.

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

Platform Architecture & MVP Development (1-2 months)

• Tasks: Define the system architecture, design smart contracts for rental agreements, and develop the Minimum Viable Product (MVP) with basic property management features (smart contract automation for rental payments, property records storage, and a simple user interface).
• Acceptance Criteria: MVP deployed on Cardano testnet; key features functional, including rental agreements and property document storage.

ser Testing & Feedback Integration (2-3 months)

• Tasks: Engage early adopters and property management professionals to test the platform, gather feedback, and conduct security testing. Refine the user interface and resolve any bugs or issues.
• Acceptance Criteria: Documented user feedback and system improvements based on testing, verified security and bug fixes.

Tokenized Asset & Decentralized Governance Integration (3-4 months)

• Tasks: Implement tokenized property ownership and decentralized governance features. Develop and deploy smart contracts for fractional property ownership and governance voting mechanisms.
• Acceptance Criteria: Tokenized assets feature live on the platform, with decentralized governance functionality tested and validated by community members.

Full Platform Launch on Mainnet (5-6 months)

• Tasks: Finalize all platform features, conduct final security audits, and launch the full platform on the Cardano mainnet. Ensure all features, including smart contracts, tokenization, and decentralized governance, are fully operational.
• Acceptance Criteria: Successful deployment on Cardano mainnet, full functionality of smart contracts, tokenization, and governance features, with documented audits.

Project Close-Out Report and Video (6-7 months)

• Tasks: Compile and publish a detailed project close-out report, including platform performance metrics, user adoption data, and lessons learned. Produce a video summarizing the project's development, impact, and future roadmap.
• Acceptance Criteria: Close-out report and video published, including insights on project success, impact on the Cardano community, and next steps.

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

1. Kasannesh Ayelew – Co-Founder and General Manager

• Role: Oversees overall project execution, ensuring that the project aligns with strategic objectives and is delivered within timelines. She is responsible for stakeholder management and guiding the team’s vision.

1. Helen Kebede – HR Manager

• Role: Manages human resources, ensuring the project is staffed with the necessary talent and team members are adequately supported. She will oversee hiring for additional team members as needed, focusing on recruitment and team welfare.

1. Serkalem Manaye – Finance Manager

• Role: Responsible for financial planning, budgeting, and analysis. Serkalem ensures that all financial activities comply with allocated budgets and are transparent for the Cardano community.

1. Tariku Tesema – Computer Technical Specialist

• Role: Leads the technical implementation, focusing on blockchain integration and smart contract deployment. He will oversee the development of the tokenization and decentralized governance systems.

Future Recruitment Needs:

We plan to recruit additional members as the project scales, focusing on the following skills:

1. Blockchain Developers: Experienced with Cardano smart contracts and decentralized applications to assist with the development of tokenization and governance features.
2. UI/UX Designers: To enhance user interface design, ensuring that the platform is accessible, user-friendly, and visually appealing.
3. Security Auditors: To audit smart contracts and platform security, ensuring the highest level of data protection and contract integrity.
4. Marketing and Community Managers: To engage with property owners, developers, and investors, and to promote the platform within the Cardano ecosystem.

We have engaged with these team members and begun discussions with potential recruits in the blockchain and property management space. We also maintain active channels on Cardano’s Discord and Telegram communities, ensuring we have direct communication with key contributors in the ecosystem. All team members have confirmed availability to dedicate time and effort toward the project’s successful delivery.

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

otal Budget Requested: 140,000 ADA

Cost Breakdown:

1. Development Costs (70,000 ADA)

• Blockchain Developers: (40,000 ADA)
• 2 developers for 6 months to build smart contracts, tokenization features, and decentralized governance systems.
• UI/UX Designers: (10,000 ADA)
• Designing a user-friendly interface, ensuring accessibility and functionality for property owners and managers.
• Security Audits: (20,000 ADA)
• External code audits for smart contracts and platform security to ensure system integrity and safety.

2. Platform Infrastructure (20,000 ADA)

• Hosting and Cloud Services: (10,000 ADA)
• Server infrastructure for running the blockchain nodes, hosting the web application, and ensuring scalability.
• Software Licenses: (5,000 ADA)
• Required tools for development and security testing.
• Data Storage: (5,000 ADA)
• Secure cloud-based storage solutions for property records and platform data.

3. Marketing and Community Engagement (15,000 ADA)

• Marketing Campaigns: (8,000 ADA)
• Targeted campaigns to promote the platform to property owners, managers, and investors.
• Community Building: (5,000 ADA)
• Hosting webinars, workshops, and AMA sessions within the Cardano community to educate and engage potential users.
• Content Creation: (2,000 ADA)
• Video tutorials, blogs, and documentation to raise awareness and explain platform benefits.

4. Legal and Professional Services (15,000 ADA)

• Legal Counsel: (10,000 ADA)
• Ensure compliance with real estate regulations, tokenization laws, and legal requirements for decentralized governance.
• Accounting and Financial Auditing: (5,000 ADA)
• Professional accounting services to manage project finances, including transparent reporting and financial accountability.

5. Project Management and Reporting (10,000 ADA)

• Project Manager: (6,000 ADA)
• Oversee project delivery, manage timelines, ensure communication between developers, designers, and stakeholders.
• Reporting to the Cardano Community: (4,000 ADA)
• Regular updates, milestone reports, and a final project close-out report and video.

6. Contingency Fund (10,000 ADA)

• Reserved for unforeseen technical challenges, cost overruns, or additional resources required during project implementation.

Third-Party Services

• External Code Auditors: For smart contract auditing.
• Cloud Service Providers: For data storage and hosting infrastructure (AWS, Azure, or equivalent).
• Marketing Firms: To assist with promotion and community engagement.

Alternative Funding

• If additional funds are required, we will explore private investments or partnerships with real estate agencies and blockchain-focused investors.

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

1. Impact and Adoption:

• Real-World Use Case: This project brings blockchain technology to the real estate industry, which is a high-value sector. By integrating Cardano into property management, we will expand the ecosystem’s visibility and showcase Cardano’s capacity for real-world applications.
• Tokenized Real Estate: Tokenizing property ownership will open a new market for Cardano users, allowing global participation in real estate, further driving adoption of Cardano’s technology.

2. Proportional Costs:

• Developer and Designer Salaries: The development and UI/UX costs are in line with industry standards for blockchain and software development. We have used average rates for experienced blockchain developers (40,000 ADA for two developers over 6 months), which is competitive when compared to freelance or agency rates.
• Security Audits: Security is paramount for blockchain projects, particularly when dealing with smart contracts and tokenization. The 20,000 ADA allocated for third-party audits reflects the critical importance of securing user data and protecting the integrity of the system, ensuring Cardano’s reputation for reliability.

3. Longevity and Scalability:

• Sustainable Infrastructure: Our investment in robust hosting and cloud infrastructure ensures the platform can scale as it grows, allowing for continuous improvements without incurring additional costs down the line. This ensures the project is built for the long-term, supporting future users on Cardano’s network.

4. Open Source Contribution:

• The project is open source, meaning that the Cardano community can leverage and build upon our codebase. This fosters further innovation at no additional cost to the ecosystem, as developers can freely use and improve upon our work for other projects.

5. Competitive Market Rates:

• The costs for legal, marketing, and professional services are benchmarked against standard rates for these services, ensuring we secure high-quality outputs without overspending. The legal counsel ensures regulatory compliance, while the marketing campaigns will attract real estate professionals and investors to Cardano, increasing the ecosystem's exposure.

6. Transparent Fund Management:

• We have structured the budget in clear milestones, ensuring that funding is tied to measurable outcomes. This guarantees efficient use of funds, as payments will only be made when concrete progress is demonstrated. Additionally, all expenses will be transparently reported to the Cardano community.