Ticketing with SIKI

[GENERAL] Name and surname of main applicant

Chris Moraites

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

Entity (Incorporated)

[GENERAL] Requested funds in ada

346379

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

10

[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)

SIKI can offer a seamless platform for artists to manage both digital content and live events, creating new revenue streams and closer fan connections while solving longstanding industry problems.

[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

Here’s the breakdown of the statement into numbered bullet points with explanations:

1. Protection of Unique Features:

• By keeping its platform features proprietary, SIKI can safeguard innovations such as real-time royalty payments, gamification elements, and blockchain integrations from competitors who may attempt to replicate these ideas.
• This strategy preserves SIKI’s distinct value proposition, helping it maintain an edge in a market where competitors could otherwise copy and implement similar features, which would reduce SIKI’s uniqueness and market appeal.

1. Maintaining Competitive Advantage:

• Protecting proprietary elements allows SIKI to stay ahead in a competitive market, ensuring that its features remain exclusive and innovative.
• This approach prevents the dilution of SIKI’s brand and services, which could occur if competitors quickly adapted or cloned its features.

1. Enhanced Security Control:

• Keeping the platform closed source provides SIKI with greater control over security. Proprietary code means updates, integrations, and optimizations can be monitored and managed internally without risk of external vulnerabilities.
• This is essential when dealing with financial transactions and digital assets, ensuring that user data and funds remain safe from potential breaches that may arise from public access to the code.

1. Optimized User Experience:

• By controlling the development process internally, SIKI can ensure that its platform remains stable, secure, and optimized for performance. This means SIKI can implement updates and new features with minimal risk of disrupting the user experience.
• This approach also allows SIKI to customize the platform based on user feedback without the complications that open-source systems may present.

1. Building Trust with Stakeholders:

• SIKI’s focus on security and reliability helps build trust with users, investors, and partners, reassuring them that the platform prioritizes the protection of their assets and data.
• By demonstrating a commitment to maintaining a secure and stable environment, SIKI enhances its reputation and credibility within the blockchain and music technology space.

[METADATA] Horizons

E-commerce

[SOLUTION] Please describe your proposed solution

• Alignment with Platform’s Focus:
• The ticketing feature aligns with SIKI’s mission of engaging users and providing monetization opportunities for creators.
• It enhances the platform’s value by offering artists and event organizers a way to directly engage with fans through ticket sales.

• New Revenue Stream:
• Artists and event organizers can sell tickets directly through the platform, opening a new revenue channel.
• This direct-to-consumer approach allows creators to have more control over their earnings, increasing the financial opportunities available on SIKI.

• Integration with SIKI’s Ecosystem:
• Users can purchase tickets using cryptocurrency, creating a seamless experience that fits within the blockchain-oriented SIKI ecosystem.
• This feature attracts users familiar with cryptocurrency and blockchain technology, growing the platform’s user base and engagement.

• Gamification Opportunities:
• The ticketing feature can be gamified to enhance user engagement and incentivize ticket purchases.
• Options include offering exclusive ticket packages, VIP access, or collectible NFT-based tickets, aligning with SIKI’s approach of integrating game-like elements to boost user activity.
• Gamification increases user interaction and builds a loyal community by offering unique and engaging experiences.

Blockchain Perspective: Transparency, Security, and Efficiency

• Transparency:
• Every ticket sale is recorded on a public ledger, providing full transparency in transactions.
• Users, creators, and event organizers have visibility into ticket sales, reducing the likelihood of fraud or manipulation.

• Security:
• The blockchain-based ticketing system reduces the risk of fraud, counterfeiting, and unauthorized resales, which are prevalent issues in traditional ticketing systems.
• Tickets as digital assets (e.g., NFTs) ensure authenticity and can be verified easily by users and event organizers.

• Efficiency through Smart Contracts:
• Smart contracts automate ticket sales, ensuring quick and secure transactions without the need for intermediaries.
• They can enforce terms like resale limits, artist royalties, or conditions for VIP access, providing flexibility and protection for all parties involved.
• Smart contracts enable instant payouts to artists and organizers, improving the speed and reliability of financial transactions.

• Building Trust:
• The transparent and secure nature of blockchain technology builds trust among users, creators, and event organizers.
• Knowing that the ticketing process is fair and secure enhances user confidence in SIKI’s platform, fostering long-term engagement.

Alignment with the Web3 Ecosystem

• Decentralized and Secure Transactions:
• The ticketing feature supports decentralized and secure transactions, empowering users and artists by giving them control over their assets and earnings.
• This approach differentiates SIKI from traditional platforms that rely on centralized systems and intermediaries.

• Enhancing SIKI’s Value Proposition:
• By integrating this ticketing feature, SIKI reinforces its commitment to being at the forefront of blockchain and Web3 innovation in the entertainment industry.
• The platform’s emphasis on transparency, efficiency, and user empowerment increases its appeal to both blockchain enthusiasts and music fans, enhancing its overall value.

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

• SIKI’s integration of a ticketing system on the Cardano blockchain:
• Demonstrates a real-world, scalable use case for Cardano, showcasing its efficiency, security, and low transaction costs.
• Provides a platform where users can purchase event tickets using ADA and NFTs, enhancing Cardano’s utility and accessibility.
• Drives more adoption and transactions within the Cardano ecosystem as more users and event organizers engage with the feature.
• Highlights Cardano as a versatile blockchain supporting financial services, entertainment, and community-focused applications.

• To measure the impact:
• SIKI will track:
• The number of tickets sold.
• The volume of ADA transactions.
• The number of unique users engaging with the ticketing feature.
• Qualitative metrics, such as user feedback and satisfaction surveys, will gauge the overall experience and effectiveness.
• Data will be collected and analyzed monthly to monitor growth, identify areas for improvement, and evaluate the effective use of the Cardano network.
• Findings will be shared through reports on SIKI’s website, social media channels, and within the Cardano developer community for transparency.

• Outputs and opportunities:
• Partnerships with event organizers and influencers will be shared with the Cardano community through collaborative events, webinars, and updates.
• SIKI will maintain an open dialogue with Cardano developers and users, encouraging other projects to build on Cardano, driving further network growth and innovation.

[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?

Here’s the breakdown of the statement into bullet points with explanations:

1. Proven Track Record and Expertise:

• SIKI has a history of delivering innovative solutions in the live-streaming and blockchain industries, showing its capability to adapt and lead in these rapidly evolving markets.
• The team is composed of experts in various fields such as blockchain development, mobile and web app engineering, and digital marketing, ensuring that all aspects of platform development are covered with high expertise.
• The leadership team includes professionals with extensive experience in software development, product management, and strategic partnerships, providing the skills and insights necessary for efficient platform development and scaling.

1. Established Partnerships with Leading Blockchain Networks:

• SIKI has formed partnerships with reputable blockchain networks like Hedera and Polygon, demonstrating its capability to collaborate with established blockchain technologies.
• These partnerships show SIKI’s ability to integrate advanced blockchain features into its platform, connecting innovative technology with practical, real-world applications.

1. Phased Rollouts and Feasibility Testing:

• SIKI conducts extensive feasibility testing and phased rollouts for new features to validate their performance, security, and user experience before full deployment.
• By engaging the community through beta testing and gathering feedback, SIKI refines its systems to meet user needs and improve overall functionality.
• The company collaborates with blockchain partners and external auditors to assess platform security and scalability, ensuring that its integrations with Cardano and other blockchains adhere to industry standards and deliver the intended benefits.

1. Rigorous Financial Management and Accountability:

• SIKI follows strict financial management protocols, including detailed budget planning and transparent reporting, ensuring that funds are managed efficiently and in line with development goals.
• Regular audits are conducted to maintain accountability, with funds allocated based on clear milestones covering development, marketing, and operations.
• SIKI’s finance team oversees expenditures to ensure they align with the planned budget, maintaining control and accountability.

1. Transparency and Communication with Investors and Stakeholders:

• SIKI provides transparent updates to investors and stakeholders through periodic reports that detail fund usage, platform growth metrics, and progress toward development goals.
• This commitment to transparency ensures that the community and investors can trust SIKI’s management of resources and believe in its ability to deliver on promises, building credibility and long-term support.
• All updates will be created in a PDF type document and uploaded to a secure DropBox for sharing

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

Milestone 1: Platform Architecture Design

A: Milestone Outputs

Complete the design of the technical architecture for the ticketing feature, ensuring it aligns with SIKI's existing infrastructure on Cardano.

B: Acceptance Criteria

The architectural design must be reviewed and approved by the development team and blockchain advisors. It should include detailed specifications for smart contracts, user interface (UI) components, and backend infrastructure.

C: Evidence of Milestone Completion

Documentation of the architectural design, including diagrams and specifications, along with approval signatures from team leads and blockchain advisors.

D: All updates will be created in a PDF type document and uploaded to a secure DropBox for sharing

Milestone 2: Smart Contract Development

A: Milestone Outputs

Develop and deploy the smart contracts necessary for the ticketing feature, including functions for ticket sales, user verification, and payment processing.

B: Acceptance Criteria

Smart contracts must pass security audits by an external agency and function correctly in a test environment, processing transactions accurately without errors.

C: Evidence of Milestone Completion

Audit reports from the security agency, along with test logs showing successful transactions and functional performance in a sandbox environment.

D: All updates will be created in a PDF type document and uploaded to a secure DropBox for sharing

Milestone 3: UI/UX Development

A: Milestone Outputs

Create a user-friendly interface for the ticketing system, including features for browsing events, purchasing tickets, and viewing transaction history.

B: Acceptance Criteria

The UI must be intuitive, with user testing showing at least 80% satisfaction in usability. All functionalities should work seamlessly across multiple devices (desktop, mobile).

C: Evidence of Milestone Completion

User testing reports detailing feedback and satisfaction ratings, along with screenshots and videos demonstrating the functionality of the ticketing interface.

D: All updates will be created in a PDF type document and uploaded to a secure DropBox for sharing

Milestone 4: Beta Launch of the Ticketing Feature

A: Milestone Outputs

Launch a beta version of the ticketing feature to a select group of users for initial feedback and data collection.

B: Acceptance Criteria

At least 500 users should participate in the beta, providing feedback on their experience. The system must process at least 100 transactions without critical issues.

C: Evidence of Milestone Completion

User feedback forms, transaction logs, and a report summarizing insights gained from the beta test, along with identified areas for improvement.

D: All updates will be created in a PDF type document and uploaded to a secure DropBox for sharing

Milestone 5: Marketing and Community Engagement

A: Milestone Outputs

Implement a marketing campaign to promote the ticketing feature, targeting both existing SIKI users and the broader Cardano community.

B: Acceptance Criteria

Achieve at least a 20% increase in platform engagement metrics (such as user sign-ups, ticket purchases) within the first month of the campaign.

C: Evidence of Milestone Completion

Marketing performance reports detailing user engagement metrics, campaign reach, and analysis of conversion rates from the marketing efforts.

D: All updates will be created in a PDF type document and uploaded to a secure DropBox for sharing

Final Milestone: Full Feature Launch and Performance Monitoring

A: Milestone Outputs

Officially launch the ticketing feature for all users, along with ongoing performance monitoring and support systems.

B: Acceptance Criteria

The system should operate without major issues in the first month post-launch, with user satisfaction ratings above 85%. Any critical issues must be resolved within 24 hours.

C: Evidence of Milestone Completion

Launch day reports, user satisfaction surveys, performance metrics showing uptime and transaction success rates, and documentation of resolved issues.

D: All updates will be created in a PDF type document and uploaded to a secure DropBox for sharing

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

Project Team

1. Chris Moraites 

• Role: Founder & CEO 
• Responsibilities: Overseeing the project’s strategic direction and overall management. Chris will be responsible for stakeholder engagement, project vision, and ensuring that milestones are achieved on schedule. 

1. Jason Dowd 

• Role: Co-Founder & Chief Crypto Officer 
• Responsibilities: Leading the integration of blockchain technologies and ensuring compliance with cryptocurrency regulations. Jason will also focus on partnerships within the blockchain space to support the ticketing feature. 

1. Melvin Salas 

• Role: Lead Mobile Developer 
• Responsibilities: Developing the mobile aspects of the ticketing feature, ensuring a seamless user experience across devices. Melvin will also be responsible for implementing the UI/UX designs into the mobile application. 

1. Tim Falconer 

• Role: Chief Technology Officer (CTO) 
• Responsibilities: Overseeing the technical development and ensuring that the ticketing feature is built according to the specified requirements. Tim will manage the development team and coordinate the integration of smart contracts. 

1. Jaymie Aurora 

• Role: Talent Development Lead 
• Responsibilities: Managing relationships with content creators and artists, ensuring that the ticketing feature meets their needs and expectations. Jaymie will also focus on marketing efforts targeted at these groups. 
• LinkedIn: [Jaymie Aurora](https://www.linkedin.com/in/jaymieaurora)

1. Remy Garth 

• Role: Chief Administrative Officer (CAO) 
• Responsibilities: Coordinating project logistics, administration, and stakeholder communication. Remy will ensure that documentation and reporting processes are established and maintained throughout the project. 

1. Jason Politis 

• Role: Backend Developer 
• Responsibilities: Developing the backend systems for the ticketing feature, ensuring scalability and security. Jason will focus on database management and integration with blockchain functionalities. 

1. Gianni Cures 

• Role: Head of Influencer and Artist Relations 
• Responsibilities: Building relationships with artists and influencers to promote the ticketing feature, focusing on community engagement and outreach. 

Recruitment Plans

If additional team members are required, we will be looking for individuals with the following skills:

• Blockchain Developers: Expertise in Cardano smart contract development and integration, with experience in writing secure and efficient code.
• UI/UX Designers: Professionals with a strong portfolio in designing user interfaces for mobile and web applications, ideally with experience in the ticketing or entertainment industries.
• Marketing Specialists: Individuals with a background in digital marketing, community engagement, and brand building, particularly in the blockchain or entertainment sectors.

Engagement with Relevant Members

We have engaged with team members through direct communications on Discord and Telegram, discussing their roles and ensuring their commitment to the project. Each team member is aware of their responsibilities and is prepared to contribute actively to the successful completion of the ticketing feature. Additionally, we have consulted with our blockchain partners to ensure that the resources needed for this project are available and that they support our initiative.

This level of preparation and engagement underscores our commitment to transparency and accountability as we move forward with this project. Each participant has consented to be included in this proposal, and we will continue to communicate openly with our stakeholders and the Cardano community throughout the project's duration. All updates will be created in a PDF type document and uploaded to a secure DropBox for sharing

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

Budget Proposal for SIKI Ticketing Feature

1. Development Costs

• Software Development: $37,500 for building the ticketing system and integrating it with the existing SIKI platform, ensuring a seamless user experience.
• Blockchain Integration: $25,000 for integrating the ticketing system with the Cardano blockchain for secure transactions and NFT ticketing capabilities.

1. Marketing and Promotion

• Marketing Campaign: $18,750 for a digital marketing campaign to promote the new ticketing feature, including social media ads, influencer partnerships, and targeted email marketing to potential users.
• Promotional Materials: $6,250 for designing and printing promotional materials (flyers, banners) to raise awareness about the ticketing feature within the music community.

1. User Experience and Testing

• UI/UX Design: $12,500 for hiring a UI/UX designer to create an intuitive and user-friendly interface for the ticketing system.
• Testing and Quality Assurance: $6,250 for conducting thorough testing of the ticketing system to ensure functionality, security, and user satisfaction.

1. Professional Services

• Legal Services: $3,750 for contract review and compliance to ensure all legal aspects of the ticketing feature are covered, particularly in relation to sales and data protection.
• Accounting Services: $2,500 for financial oversight, ensuring proper budgeting and allocation of funds throughout the project.

1. Project Management

• Project Management Tools: $1,250 for software that assists with task tracking, collaboration, and scheduling to keep the project organized.
• Documentation and Reporting: $2,500 for creating documentation related to the ticketing system, including user guides and reports for stakeholders.

1. Community Engagement

• Workshops and Training: $2,500 for organizing workshops or webinars to educate users about the new ticketing feature and how to utilize it effectively.

1. Contingency Fund

• Contingency Reserve: $7,312.63, representing approximately 5.8% of the total budget to cover unexpected expenses and ensure project flexibility.

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Total Estimated Budget: $125,562.63

Funding Request and Alternative Sources

The total budget required to achieve the project milestones is $125,562.63. If the funding request exceeds available resources, we plan to explore alternative funding sources, such as:

• Grants: Seeking grants from blockchain foundations and organizations that support innovative projects in the music and technology sector.
• Crowdfunding: Launching a crowdfunding campaign to engage the community and attract investments from supporters interested in the ticketing feature.
• Partnerships: Collaborating with music venues and event organizers to co-promote and share the benefits of the ticketing system.

All budget updates will be created in a PDF type document and uploaded to a secure DropBox for sharing

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

1. Strategic Investment for the Cardano Ecosystem:

• The SIKI ticketing feature project has a budget of $125,562.63, representing a well-planned investment aimed at enhancing user engagement, expanding platform functionality, and attracting new users and event organizers.
• Each cost component in the budget has been carefully assessed to ensure that the investment results in tangible benefits for the community, maximizing the impact of each dollar spent.

1. Cost Justification and Market Comparison:

• Hardware and Software Costs: The expenses for server infrastructure ($20,000) and blockchain development tools ($7,500) are consistent with industry standards for similar projects, ensuring the platform has robust and scalable technology.
• Dedicated Server Costs: Current market rates for high-performance hosting solutions are reflected in these costs, with cloud service providers typically charging $1,500 to $3,000 per month for scalable hosting, ensuring the platform can handle high traffic during events.
• UI/UX Design Costs: Allocated at $12,500, this budget aligns with standard freelance rates in the design industry (ranging from $50 to $150 per hour), allowing SIKI to hire experienced professionals to create an intuitive and user-friendly interface.

1. Impact and Returns:

• Professional Services: Investing in legal services ($3,750) and code auditing ($6,250) is crucial for maintaining platform integrity, compliance, and security, minimizing legal and financial risks.
• Enhanced Trust: These protective measures are necessary due to the financial transactions involved in the platform, and they help build user trust, directly contributing to the platform's long-term success and credibility.

1. Broader Ecosystem Benefits:

• Multiplier Effect: The ticketing feature aims to attract a diverse audience, including artists, event organizers, and fans, leading to more transactions within the Cardano ecosystem and driving ADA demand.
• Marketing and Community Engagement: A $15,000 budget is set aside for marketing to raise awareness of Cardano’s capabilities, potentially leading to more projects and collaborations within the blockchain community.

1. Justification of Costs and Expected Outcomes:

• While the overall project costs are substantial, they are justified through comprehensive market analysis and adherence to industry standards.
• SIKI’s focus on developing a secure, user-friendly, and innovative platform ensures the investment will benefit the Cardano ecosystem by driving engagement and growth.

1. Summary:

• By investing in high-quality infrastructure and professional services, SIKI is committed to delivering a valuable ticketing solution that promotes growth and adds significant value to the Cardano community.