Employee Loyalty Reward System: Transparent and Open Source API

[GENERAL] Name and surname of main applicant

Biruk Zerihun Kagamo

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

Individual

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

5

[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)

Cardano-based Employee Loyalty System where employees earn tokenized rewards for achievements, convertible to ADA or in ADA and usable within the Cardano ecosystem.

[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?

No

[GENERAL] Please provide here more information on the open source status of your project outputs

fully open source

[METADATA] Horizons

RWA

[SOLUTION] Please describe your proposed solution

A Cardano-based employee loyalty management system can enhance the efficiency, security, and transparency of employee reward programs. Traditional employee reward systems often face challenges such as fraud, lack of transparency, and limited interoperability. The Cardano Blockchain can address these issues by providing a decentralized and tamper-resistant ledger.

• Project: Employee Loyalty Reward System (ELRS)
• Project Ownership: dehna sew

Introduction

The Employee Loyalty Reward System (ELRS) is a platform designed to help organizations integrate, implement, and manage their loyalty and reward programs. It provides a centralized platform for tracking employee interactions, managing rewards and incentives, and analyzing employee behaviors and achievements. The system is designed as a pluggable module for Human Resource Management Systems (HRMS) or organizational platforms.

This will encourage employees to engage more actively with their roles and professional development activities, increasing participation and fostering a culture of achievement within organizations. The rewards include bonuses, discounts on services, professional development materials, and many more. A reward program can have a point-based system, where employees can redeem points according to the organization’s policies.

Key Functionalities

• Employee Backend: A decentralized employee backend on the Cardano blockchain provides a secure and transparent way to store employee information, including their performance records and loyalty program status.
• Transaction records are stored on the blockchain to maintain an immutable history of each employee's achievements and interactions, enabling organizations to provide personalized rewards and recommendations based on their performance.
• The use of smart contracts on the Cardano blockchain enables organizations to implement loyalty programs that automatically reward employees based on their achievements and other predetermined criteria.
• With Cardano's high level of security, employees can be assured that their personal data is protected and cannot be tampered with or hacked.
• Overall, a decentralized employee backend on the Cardano blockchain offers numerous benefits for organizations and employees, including increased transparency, security, and personalized experiences.
• Rewards Management: A module for managing rewards and incentives, such as bonuses, service discounts, professional development materials, or exclusive opportunities.
• Employee Engagement: Tools for engaging employees, such as targeted messaging, recommendations, and integrations with organizational platforms and social media.
• Analytics and Reporting: A dashboard that provides insights into employee behavior, program performance, and ROI.

Plan Forward

• Industry Feedback: With the prototype in its final stages and most functionalities in place, the next crucial step is to bring it to the corporate sector and gather valuable industry feedback. Based on this feedback, there may be necessary adjustments and enhancements required in certain functionalities.
• Adapt: Anticipating that variations may arise in the implementation of the point/reward system, as different organizations have diverse perspectives and unique approaches, we are prepared to tailor our system to accommodate these variations.
• Partnerships: Our strategic business development plan emphasizes cultivating industry partnerships and seamless integration. To achieve this, we will focus on expanding our suite of APIs and adapters, ensuring compatibility with a wide array of heterogeneous systems prevalent in the corporate sector.
• Incentives: Recognizing the importance of user adoption in the initial stages, we acknowledge the need to provide support to organizations by offering subsidized points and rewards for employees. This strategic approach is pivotal in jumpstarting the adoption process and ensuring a smooth takeoff for our platform.

As we work with many other industry clients, acquiring more pilot or beta organizations is a relatively easy task.

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

Implementing an employee loyalty system on the Cardano blockchain can have several positive impacts on the wider Cardano community:

• Increased Adoption and Awareness: A Cardano-based employee loyalty system provides a practical use case for blockchain technology in the corporate sector. This implementation can attract attention from a broader audience, increasing awareness and adoption of Cardano as a versatile and applicable blockchain solution.
• Demonstration of Smart Contract Capabilities: The loyalty system involves the use of smart contracts on the Cardano blockchain. This showcases the capabilities of Cardano's smart contract functionality, educating both users and developers within the community about the potential of programmable blockchain features.
• Growing Ecosystem: The integration of an employee loyalty system expands the Cardano ecosystem into the corporate sector. It contributes to the creation of a diverse and robust ecosystem, showcasing how blockchain technology can be integrated into various industries beyond finance.
• Increased Token Utility: As the loyalty system utilizes Cardano-based tokens, it enhances the utility of Cardano's native assets. Users can earn and redeem tokens within the loyalty program, providing tangible value to Cardano's native assets and fostering a sense of tokenomics within the community.
• Community Engagement and Adoption by Organizations: Organizations may take note of the successful implementation of a loyalty system on Cardano. This could lead to increased interest and adoption by other companies, further expanding the reach of Cardano and encouraging more enterprises to explore blockchain solutions.
• Encouraging Decentralized Applications (DApps): The development of an employee loyalty system as a decentralized application (DApp) can inspire developers within the Cardano community to create their own innovative DApps. This encourages a culture of creativity and innovation, contributing to the growth of the Cardano DApp ecosystem.
• Positive Perception and Trust: A successful employee loyalty system built on Cardano enhances the positive perception and trust in the blockchain platform. Users and organizations involved in the loyalty program may develop confidence in the security, transparency, and efficiency of Cardano's blockchain technology.
• Inspiration for Future Projects: The successful deployment of an employee loyalty system can inspire developers within the Cardano community to explore and develop similar projects in different industries. This sparks creativity and innovation, leading to a continuous cycle of new and impactful projects within the Cardano ecosystem.

In Summary

An employee loyalty system on the Cardano blockchain contributes to the broader adoption, positive perception, and growth of the Cardano community by showcasing practical applications and demonstrating the platform's capabilities beyond traditional financial use cases.

[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 strengths are as follows:

• Strong Technical Team: Our team comprises senior developers and experienced software architects with extensive expertise in blockchain technology and employee management systems.
• Vast Industry Knowledge and Network/Partnerships: With over 5 years of experience in the corporate and technology sectors, we understand the unique challenges and requirements of organizations.
• Deep Involvement in Cardano Tech and Community: We have been actively involved in the Cardano community, contributing to multiple Catalyst projects and collaborating with key stakeholders.

We strongly believe our team is uniquely positioned to deliver this project as we have:

• Strong Technical Expertise: Most team members have 6 years of experience in technology and programming, including 3+ years of experience with the Cardano tech stack.
• Extensive Industry Experience: Over 6 years of experience in the corporate and technology industries, providing deep insights into organizational needs and user behaviors.
• Proven Track Record: We have successfully delivered multiple projects within the Cardano Catalyst framework, demonstrating our ability to manage and execute complex blockchain initiatives.

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

• Description: Cardano-Powered Employee Loyalty System - Feedback and Gap Analysis
• Deliverables/Output:
• Outreach and Feedback
• Gap Analysis and Scope Document
• User Interface (UI) Mockups
• Acceptance Criteria: Gap Analysis and Scope Document

• Description: Cardano-Powered Employee Loyalty System - Adapt
• Deliverables/Output:
• Prototype Based on Gaps Identified and Scope Agreed
• Secured Commitments from At Least Two Pilot Organizations
• Acceptance Criteria: Revised Prototype

• Description: Cardano-Powered Employee Loyalty System - Integrate
• Deliverables/Output:
• Integration with Organizational (e.g., Human Resource Management Systems)
• Prototype Ready to Go on Testnet
• Acceptance Criteria: Revised Prototype Ready to Go on Testnet

• Description: Cardano-Powered Employee Loyalty System - Test with Real Clients/Organizations with Employee Participation
• Deliverables/Output:
• Implemented with At Least One Pilot Organization on Testnet/Mainnet
• Real Transactions on Testnet/Mainnet by Employees
• Acceptance Criteria: Solution on Testnet/Mainnet Implemented at Least for 1 Pilot Client. Real Transactions by Employees.

• Description: Cardano-Powered Employee Loyalty System - Final Project Report Submission
• Deliverables/Output:
• Final Close Report
• Close Video as Required
• Results of Real Usage/Transactions
• User Documentation
• Acceptance Criteria: Final Project Report and Video, Real Transaction Results Posted.

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

1:Biruk Zerihun: UI/UX Designer | Software Engineer | Social Media Influencer

a passionate UI/UX designer and software engineer dedicated to creating innovative, user-centered digital experiences. With a deep understanding of design principles and technical frameworks, I strive to bridge the gap between functionality and aesthetics. As a social media influencer, I leverage my platform to advocate for design thinking, share insights, and inspire the next generation of creators.

Linkedin: https://www.linkedin.com/in/biruk-zerihun-918a182b6/

2:Henok Gebere: Project Manager | Customer Service 

Linkedin: http://linkedin.com/in/henok-gebre-b04470309

• Customer Service Executive.
• Management.
• Honored with the highest score and gold medal in Management. Associated with Pharma collage hawassa campus.
• Oversees project execution, manages resources, and ensures timely delivery.

3:Lemi Debela: Machine Learning Engineer | Web3 developer

• Linkedin: https://www.linkedin.com/in/lemi-debela/
• Cardano Blockchain Certified Associate (CBCA)
• Github: https://github.com/ldebele
• Responsible for Blockchain and AI related tasks.

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

Milestone 1:

• Description: Cardano-Powered Employee Loyalty System - Industry Feedback and Gap Analysis
• Duration: 1 month
• Costs:
• Business Analyst: = ADA 9,000
• UI Screen Design: = ADA 5,500
• Solution Architecture and Design: = ADA 7,500
• Project Coordination and Documentation: ADA 4,500
• Total: ADA 26,500

Milestone 2:

• Description: Cardano-Powered Employee Loyalty System - Develop
• Duration: 2 months
• Costs:
• Business Analyst: = ADA 6,000
• UI Screen Design: = ADA 5,500
• UI/Web Developer: = ADA 9,000
• Blockchain/Services Developer:= ADA 9,000
• Project Coordination and Documentation: ADA 9,000
• Total: ADA 38,500

Milestone 3:

• Description: Cardano-Powered Employee Loyalty System - Integrate
• Duration: 1 month
• Costs:
• Business Analyst: = ADA 6,000
• UI/Web Developer: = ADA 5,500
• Blockchain/Services Developer: = ADA 4,500
• Project Coordination and Documentation: ADA 4,500
• Total: ADA 20,500

Milestone 4:

• Description: Cardano-Powered Employee Loyalty System - Test with Real Clients/Organizations with Employee Participation
• Duration: 2 months
• Costs:
• Business Analyst: = ADA 6,000
• UI/Web Developer: = ADA 5,500
• Blockchain/Services Developer:= ADA 9,000
• Mainnet Testing Coordination and Infrastructure: ADA 9,000
• Project Coordination and Documentation: ADA 9,000
• Total: ADA 38,500

Milestone 5:

Description: Cardano-Powered Employee Loyalty System - Project Completion Report

• Duration: 1 month
• Costs:
• Business Analyst: = ADA 3,000
• UI/Web Developer: = ADA 5,250
• Blockchain/Services Developer: = ADA 2,250
• Project Coordination and Documentation: ADA 4,500
• Total: ADA 15,000

Total Budget

• Total Budget: ADA 141,000
• Contingency budget: ADA 9,000
• Requested Budget: ADA 150,000

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

The cost is based on effort estimates for all members involved in the project. Average costs of developers and relevant skills are taken into account.

As a basic prototype already exists, the cost is only incremental to reshape and bring this prototype to the market, ensuring it works in real-life organizational settings.

The project represents very high value for money for the Cardano ecosystem in several ways:

• Use Case Expansion: By developing a real-world application like employee rewards and engagement on the Cardano blockchain, the project expands the potential use cases for the Cardano platform. This demonstrates the practicality and versatility of Cardano's blockchain technology beyond just cryptocurrency transactions.
• User Adoption: Introducing employee rewards and engagement on Cardano attracts users who may not have been previously involved with blockchain technology. This expands the user base of Cardano and encourages adoption, potentially leading to more widespread use of the platform in various organizations.
• Innovation and Competitiveness: Developing innovative solutions like employee loyalty and reward systems on Cardano demonstrates the ecosystem's commitment to innovation. It also enhances Cardano's competitiveness in the blockchain space by offering unique features and use cases that differentiate it from other platforms.
• Organizational Impact: Engaging employees with blockchain technology fosters a new generation of users who are familiar with and invested in the Cardano ecosystem, promoting long-term adoption and advocacy.
• Scalability and Replicability: The system is designed to be scalable across various organizational levels and institutions globally, ensuring that the investment can yield significant returns as adoption grows.

Overall, the project represents a strategic investment in expanding the utility and adoption of Cardano, while also showcasing the platform's capabilities in real-world organizational scenarios, ultimately delivering value for the ecosystem and its stakeholders.

Additionally:

• Real-World Implementation: Unlike many projects that remain theoretical, this project ensures real-world implementation in organizations before completion, bringing tangible value to the Cardano ecosystem.
• Community and Ecosystem Growth: By fostering partnerships with organizations, the project encourages further developments and integrations within the Cardano ecosystem, promoting continuous growth and innovation.