DATA ANALYSIS FOR CARDANO BLOCKCHAIN

[GENERAL] Name and surname of main applicant

Sofoniyas Kedir & Michael Tekle

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

Individual

[GENERAL] Co-proposers and additional applicants

sofonias

[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)

To use data-driven optimization to ensure that Cardano remains scalable, secure, and user-friendly as it grows.

[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

[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 fully open source under the MIT License, ensuring accessibility and collaboration. All core elements, including the blockchain integration, smart contracts, and supply chain tracking modules, will be open and available in a public repository. This allows for community contributions and ensures transparency throughout the project's lifecycle

[METADATA] Horizons

Analytics

[SOLUTION] Please describe your proposed solution

Our proposed solution addresses the issue as a confluence of issues with the Cardano blockchain's scalability, security, and user experience. The volume of transactions on the network is growing along with its size, which may cause network congestion, possible security flaws, and a worse user experience (more fees, slower transactions). Long-term success for Cardano depends on maintaining its decentralized, scalable, secure, and user-friendly architecture.

Why Our Approach?

Because the blockchain provides a lot of on-chain data that can provide insights into user behavior, security, and performance, our approach is data-driven. Using this data's analysis, I can:

Determine the points where network performance is constrained (transaction throughput, node distribution, etc.).

Keep an eye out for security threats by looking for irregularities in smart contract activity or transaction patterns.

By maximizing transaction costs and speeds according to data patterns, you can improve user experience. This approach enables evidence-based enhancements, guaranteeing that solutions are based on actual network activity and are scalable.

Our project will engage a broad range of stakeholders, including:

Developers: Those using Cardano to create decentralized apps (dApps) and smart contracts want insights into contract efficiency and network performance.

Operators of staking pools: In order to guarantee decentralization and maximize efficiency, they require data.

End consumers: Regular Cardano network users who are concerned with quick and inexpensive transactions.

Participants in governance: Those who make decisions on the Cardano platform and can gain from information about trends in decentralization, security, and network expansion.

How will you demonstrate or prove your impact?

Improved transaction throughput, decreased latency, decreased transaction costs, and improved network security measures are examples of key performance indicators (KPIs).

reports and dashboards with real-time data visualizations that highlight how the network's performance changes over time.

Case studies or pilot projects where particular optimizations (such enhanced staking pool performance or smart contract efficiency) result in quantifiable gains in security and user experience.

input from interested parties, including developers and end users, who can vouch for the network's improved usability, security, and speed as a result of the data-driven modifications.

Through the integration of data analysis, stakeholder involvement, and quantifiable key performance indicators, the project will furnish tangible proof of its beneficial influence on the Cardano blockchain.

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

Improved Network Scalability Impact: By increasing Cardano's transaction throughput and lowering latency, the project will help make sure the network can accommodate an increase in users and transactions without experiencing performance problems.

Benefit: By doing this, the Cardano blockchain will be able to grow efficiently and handle a greater number of smart contracts, dApps, and general user activity without experiencing network congestion.

Strengthened Security Impact: The project will help create a more secure blockchain ecosystem by detecting and reducing security threats such smart contract flaws or abnormal transaction patterns.

Benefit: This raises the network's trust, which promotes adoption and lowers the possibility of fraud, hacking, or other nefarious activity that might jeopardize Cardano's integrity.

Better User Experience Impact: By reducing transaction costs and speeding up transactions, the initiative will help make Cardano more accessible and inexpensive for regular users.

Benefit: A speedier, more seamless user experience will draw more users to the ecosystem, boosting interaction and enhancing Cardano's standing as a platform of choice for dApps and financial services.

Support for Decentralization Impact: By revealing patterns in the distribution of network nodes and stake pools, the analysis will pinpoint opportunities to reinforce decentralization.

Advantage: Increased decentralization prevents power from being concentrated in the hands of a small number of powerful entities and improves the network's resilience and security. This is in line with Cardano's goal of creating an equitable decentralized system.

1. Data-Driven Ecosystem Growth Impact: The project will give the community the means to monitor important indicators such as governance involvement, staking pool performance, and ecosystem growth through the provision of tools and visualization

Benefit: By providing transparency and real-time insights, the project will enable community members, investors, and developers to make well-informed decisions, resulting in more intelligent governance and the long-term development of ecosystems.

[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?

Organized and Discreet Approach:

Our methodical approach is predicated on well-defined objectives such augmenting scalability, security, and user experience. I want to employ transparent techniques, such as utilizing well-established blockchain analytics tools and best practices, to guarantee the accuracy of the analysis's results for all involved parties.

Making Decisions Based on Data:

Because the study will be based on real blockchain data (transaction flow, staking pool performance, and smart contract activity), using data-driven insights ensures accountability, lowers the possibility of subjective interpretation, and boosts confidence in the findings.

Availability to Community and Peer Review Feedback:

I will freely share my research results and methodology for peer review and input with the Cardano community and any relevant parties throughout the project. Involving the community promotes confidence and guarantees the accuracy of the analysis.

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

First Milestone: Initial Design & Research (one month)

The goal is to finish the investigation and provide the functional and technical specifications for the blockchain platform used in supply chain management and logistics.

Important Tasks: Carry out comprehensive research on supply chains and logistics' integration of blockchain technology.

Define the needs for smart contracts and the architecture of the platform.

Choose pilot partners from the construction and logistics industries.

Acceptance standards:

the provision of a thorough platform design paper.

establishing collaborations with a minimum of two pilot firms.

Funding Required: Pilot agreements, research, and initial setup.

Milestone 2: Three months of platform development and creation of smart contracts

Develop smart contracts and the main blockchain platform as the goal.

Important Tasks: Utilizing Cardano's technologies, create the blockchain architecture and incorporate smart contracts for automated and tracked logistics.

Provide essential modules for contract execution, goods tracking, and payment automation.

Construct a rudimentary user interface.

Acceptance Standards:

Smart contract implementation on the Cardano testnet.

Platform version in its first shape, ready for pilot partner testing.

Finance Platform development, smart contract code, and testing are prerequisites.

Third Milestone: Two-Month Pilot Testing and Feedback

Goal: Conduct pilot projects with chosen partners to evaluate the blockchain platform in actual supply chain and logistics processes.

Important Tasks: Evaluate how well the platform tracks items, makes payments automatically, and validates contracts.

Gather information on stakeholder comments, efficiency benefits, and performance.

Based on the outcomes, iterate and make improvements.

Acceptance Standards:

pilot initiatives successfully completed with quantifiable results, such fewer delays and cost savings.

User comments and the first report on the impact evaluation.

Funding Needed: Data analysis, enhancements, and pilot implementation.

Fourth milestone:

Complete Platform Extension & Deployment (three months)

The goal is to improve and implement the blockchain platform so that partners may utilize it extensively and new users can be brought on board.

Important Tasks: Complete the platform based on the findings of the pilot and release it into the Cardano mainnet.

Bring on new partners from the construction and logistics sectors.

To instruct users and developers, start holding informative webinars and workshops.

Acceptance Requirements: Active users on a live Cardano mainnet platform.

Three or more new partners have signed up and are utilizing the platform.

Mainnet deployment, training, and onboarding all require funding.

Report and Video on Project Close-out (one month)

Goal: Conclude the project by providing a thorough report and video that outline the results, lessons discovered, and future strategies.

Important Tasks:

Write a final project report that highlights the main outcomes, effects, and future actions.

Make a video that highlights the advantages of the platform.

Give the community access to open-source documentation and code.

Acceptance Standards:

Report and video on project close-out sent to the Cardano community.

Project deliverables and code are shared in a public repository.

Finance Reporting, making videos, and distributing open-source content are requirements.

Total Time Spent: ten months

This roadmap ensures responsibility and shows the ability to complete the project effectively by giving a clear timeframe with precise goals, deliverables, and criteria for each milestone.

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

sofoniyas kedr: Co-Founder and General Manager. oversees the overall project execution, ensuring alignment with strategic objectives and timelines. She plays a critical role in decision-making and guiding the project’s strategic direction.

• LinkedIn: [Insert Link]

mignot dansa: HR Manager. Helen manages human resources and administration, ensuring that the project is staffed with qualified professionals and that team members are supported throughout the project lifecycle.

• LinkedIn: [Insert Link]

kebede abebe: Finance. Serkalem supports the financial management of the project, focusing on financial planning, budgeting, and analysis to ensure proper allocation and management of funds.

• LinkedIn: [Insert Link]

Tariku megersa: Computer Technical Specialist. Tariku specializes in computer systems and network management, providing technical support and ensuring the integration of blockchain technology with existing systems. He ensures that the platform is robust and secure.

• LinkedIn: [Insert Link]

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

1. Personnel Costs (70,000 ADA)

• General Manager: 15,000 ADA
• Oversees the overall project execution and alignment with strategic objectives.
• HR Manager: 8,000 ADA
• Responsible for staffing and administration support throughout the project.
• Finance: 7,000 ADA
• Manages the project’s financial planning, analysis, and budgeting.
• Computer Technical Specialist: 10,000 ADA
• Ensures the integration of blockchain technology with existing systems and provides technical support.
• Blockchain Developer: 15,000 ADA
• Develops the Cardano blockchain infrastructure and smart contracts for the platform.
• Smart Contract Developer: 10,000 ADA
• Responsible for designing and auditing smart contracts to automate key processes.
• Front-end Developer: 5,000 ADA
• Develops the user interface and ensures its integration with blockchain data.

2. Third-Party Services (25,000 ADA)

• Smart Contract Auditing: 10,000 ADA
• External audit service for smart contract security and compliance.
• Legal and Compliance Services: 5,000 ADA
• Legal consultation on smart contract terms, compliance, and regulatory requirements.
• Accounting Services: 5,000 ADA
• Professional accounting services for fund management and financial reporting.
• Platform Hosting and Infrastructure: 5,000 ADA
• Costs for cloud services, platform hosting, and other necessary infrastructure to run the blockchain system.

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

• Marketing & Promotion: 8,000 ADA
• Publicity, community engagement, webinars, and promotional materials to raise awareness of the project and onboard stakeholders.
• Workshops & Webinars: 3,000 ADA
• Hosting workshops to educate the community on using the platform and engaging the developer ecosystem.
• Documentation & Reporting: 4,000 ADA
• Development of user guides, technical documentation, and regular project reports to ensure transparency and knowledge sharing with the Cardano community.

4. Miscellaneous & Contingency (10,000 ADA)

• Contingency Fund: 10,000 ADA
• Reserve for unexpected costs or adjustments needed during project execution (up to 10% of the total budget).

Additional Funding Sources

If the project exceeds 120,000 ADA, we will seek external sources of funding, including:

• Partnerships with Industry Stakeholders: Businesses in the logistics and construction industries may contribute to the development and testing of the platform.
• Cardano Developer Grants: Apply for additional Cardano Foundation or IOHK funding to support extended development efforts.

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

Long-Term Scalability and Network Efficiency Value: The project makes sure that the network can support more users and transactions in the future without needing costly upgrades or significant infrastructure modifications by enhancing Cardano's transaction throughput and decreasing latency. This promotes long-term ecosystem growth while lowering scaling costs.

Expense-effectiveness: A network that is well-optimized uses less energy, requires fewer expensive upgrades, and requires less ongoing maintenance, all of which add up to significant long-term savings for the ecosystem.

1. Security Upgrades at Low Continuing Costs

Value: Proactive monitoring and data analysis improve security by thwarting expensive attacks and vulnerabilities (such double-spending and smart contract exploitation), which could ruin Cardano's reputation or cause enormous financial losses.

Long-Term Benefits to the Cardano Ecosystem

• This project not only improves logistics and supply chain management but also drives adoption of Cardano's blockchain technology across industries. By offering a real-world solution that improves transparency, security, and efficiency, we will drive interest in Cardano's use for decentralized applications in various fields. This increases demand for ADA, boosts developer interest, and solidifies Cardano's position as a leader in blockchain innovation.