Joint car ride

[GENERAL] Name and surname of main applicant

Omolola Atinuke Adenle

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

Entity (Not Incorporated)

[GENERAL] Co-proposers and additional applicants

Damilare Odedoyin

[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)

Kasolayo connects commuters with car owners via a secure app, reducing transport costs, easing public transport strain, and optimizing routes using AI and blockchain technology for safe transactions.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

Yes

[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.”

Yes, Kasolayo has several dependencies on other organizations and technologies to ensure its success:

1. Blockchain Providers: Kasolayo relies on the Cardano blockchain for smart contracts and secure transaction

1. Payment Processors: For cashless transactions, Kasolayo depends on payment processing platforms that facilitate cryptocurrency (ADA) and traditional payment method

1. AI Technology Partners: The effectiveness of our ride-matching system depends on partnerships with AI technology providers that supply the necessary algorithms and data analytics tool

1. Local Regulatory Bodies: Compliance with local transportation laws and regulations is essentia

[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

Kasolayo has a lot of security features in it, hence keeping its functional parts private will be great.

[METADATA] Horizons

Environment

[SOLUTION] Please describe your proposed solution

Proposed Solution for Kasolayo

Problem Perception

Kasolayo recognizes three interconnected issues in urban transportation: high commuting costs, strain on public transport systems, and inefficiencies in logistics. Many urban dwellers face steep ride-hailing fees, limited access to reliable public transport, and increasing traffic congestion. This situation is compounded by a lack of effective ride-sharing options that optimize existing vehicle use, leading to higher carbon emissions and environmental degradation.

Approach

Kasolayo adopts a decentralized approach by leveraging blockchain technology and artificial intelligence to create a peer-to-peer car-hailing platform. This method minimizes reliance on traditional transportation networks, allowing direct connections between car owners and commuters. By utilizing smart contracts on the Cardano blockchain, we enhance security, transparency, and trust in transactions, ensuring a fair experience for all users.

The AI component optimizes ride matching and route efficiency, improving overall logistics and user experience. This innovative blend of technologies allows us to address the identified problems more effectively than existing solutions.

Project Engagement

Kasolayo will engage multiple stakeholders, including:

Commuters: Individuals seeking affordable, reliable transportation options.

Car Owners: Drivers interested in monetizing their travel routes while helping others.

Local Businesses: Partnerships for advertising and community engagement.

Regulatory Authorities: Collaboration to ensure compliance with local transportation regulations.

Environmental Organizations: Advocacy for sustainable transportation practices.

Demonstrating Impact

To prove our impact, Kasolayo will implement key performance indicators (KPIs) such as:

Cost Savings: Measure the reduction in transportation costs for commuters using Kasolayo compared to traditional services.

User Growth: Track the increase in active users and ride frequency.

Environmental Metrics: Monitor reductions in CO2 emissions and traffic congestion as more users adopt the platform.

User Satisfaction: Collect feedback and ratings to gauge user experience and trust in the service.

Uniqueness of the Solution

What sets Kasolayo apart is its integration of blockchain and AI to create a truly decentralized ride-sharing platform. This unique combination ensures:

Security: Blockchain guarantees safe and transparent transactions, minimizing fraud.

Cost Efficiency: By connecting users directly, we reduce costs associated with traditional ride-hailing services.

Sustainability: Our platform promotes ride-sharing, leading to fewer vehicles on the road and lower emissions.

Beneficiaries and Importance to Cardano

The primary beneficiaries of Kasolayo’s solution include:

Commuters: Access to affordable and convenient transportation options.

Car Owners: Opportunities to earn income while providing valuable service.

Urban Communities: Reduced traffic congestion and environmental impact.

Kasolayo is crucial for the Cardano ecosystem as it showcases the platform's capabilities in real-world applications, emphasizing its commitment to sustainability and decentralized technology. By fostering a community-driven transportation solution, Kasolayo will enhance Cardano's reputation as a leader in innovative and environmentally conscious blockchain applications

, contributing to its growth and adoption in various sectors.

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

Positive Impact of Kasolayo on the Wider Cardano Community

Kasolayo will positively impact the Cardano community in several key ways:

1. Real-World Application of Technology: By utilizing Cardano’s blockchain for smart contracts, Kasolayo demonstrates the practical use of Cardano’s technology in addressing real-world problems in transportatio

1. Community Building: Kasolayo fosters a sense of community among users by connecting car owners and commuter

1. Sustainability Focus: The project emphasizes sustainability by optimizing vehicle usage and reducing carbon emissions through ride-sharin

1. Increased User Engagement: By offering a platform that leverages Cardano’s capabilities, Kasolayo will attract new users and developers to the ecosystem, stimulating engagement and collaboration within the Cardano communit

Measuring Impact

Quantitative Measures

User Adoption Rates: Track the number of active users and car owners on the platform, aiming for specific growth targets within defined timeframes.

Cost Savings Analysis: Measure the average savings per commuter compared to traditional transportation methods, gathering data on ride costs before and after using Kasolayo.

Environmental Impact: Calculate reductions in CO2 emissions by analyzing the decrease in vehicle usage and traffic congestion as a result of ride-sharing.

Transaction Volume: Monitor the number of transactions completed on the platform, providing insights into the platform’s growth and user trust.

Qualitative Measures

User Feedback: Conduct surveys and gather testimonials from users to assess their experiences, satisfaction, and suggestions for improvement.

Community Engagement: Evaluate the level of interaction and collaboration among users, as well as the formation of community initiatives focused on sustainable transportation.

Sharing Outputs and Opportunities

1. Reports and Case Studies: Kasolayo will regularly publish reports summarizing its findings, impact metrics, and user feedbac

1. Community Events and Webinars: Host events and webinars to discuss project progress, share success stories, and engage with the Cardano communit

1. Partnerships with Local Organizations: Collaborate with environmental organizations and local businesses to share insights and promote sustainable transportation initiative

1. Social Media and Online Platforms: Utilize social media channels, blogs, and forums within the Cardano community to share updates, insights, and opportunities resulting from the projec

Value to the Cardano Community

The success of Kasolayo will bring substantial value to the Cardano community by:

Demonstrating Cardano’s Capabilities: Successful implementation and positive user feedback will reinforce the viability of Cardano’s blockchain for real-world applications, attracting more developers and projects to the ecosystem.

Promoting Sustainable Practices: By aligning with environmental goals, Kasolayo positions Cardano as a leader in sustainable blockchain solutions, enhancing its reputation and appeal.

Stimulating Ecosystem Growth: Increased user engagement and interest in Kasolayo can lead to more innovative projects leveraging Cardano’s technology, ultimately enriching the ecosystem.

Through these strategies, Kasolayo will not only measure its impact but also share valuable insights with the broader Cardano community, fostering a culture of transparency, collaboration, 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?

Capability to Deliver Kasolayo with Trust and Accountability

1. Relevant Experience: With over seven years of experience in human resources and banking, I have developed strong skills in stakeholder management, compliance, and operational efficienc

1. Partnership with a Software Engineer: Collaborating with a skilled software engineer enhances our technical capabilities, allowing us to build a robust and secure applicatio

Feasibility Validation

To validate the feasibility of our approach, we will undertake the following steps:

1. Market Research: Conduct comprehensive market analysis to identify user needs, competitor offerings, and market trend

1. Prototype Development: Build a minimum viable product (MVP) to test our core functionalitie

1. Pilot Testing: Run pilot programs in select urban areas to evaluate user experience, operational efficiency, and overall system performanc

1. Partnership Engagement: Collaborate with local regulatory bodies and transport organizations to ensure compliance and support for our platform, which further validates our mode

Existing Capabilities

1. Human Resource Management: My HR experience equips me with the skills to build and maintain a team, ensuring that all members are aligned with the project’s goal

1. Banking Experience: Working in the banking sector has instilled a strong understanding of financial management, risk assessment, and regulatory complianc

1. Project Management Skills: My experience in leading teams towards achieving business objectives ensures that I can effectively manage project timelines, budgets, and stakeholder expectation

Trust and Fund Management Processes

To demonstrate our ability to manage funds properly and maintain trust, we will implement the following processes:

1. Transparent Budgeting: Develop a detailed budget outlining all expected expenses, revenues, and allocation

1. Regular Financial Reporting: Create a schedule for financial reporting, sharing updates with stakeholders and investors to ensure transparency and accountability in fund managemen

1. Third-Party Audits: Engage independent auditors to review financial statements and operations periodicall

1. Use of Smart Contracts: Implement smart contracts on the Cardano blockchain for all transactions, ensuring that funds are disbursed according to predefined condition

1. Stakeholder Involvement: Keep stakeholders engaged through regular updates and feedback loop

Conclusion

With a strong foundation in human resources and banking, complemented by a technical partner, we have the capability to deliver Kasolayo effectively. Our approach focuses on transparency, accountability, and rigorous validation processes, ensuring that we can build a trustworthy platform that meets the needs of our users while managing funds responsibly.

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

Milestone 1: Research and Concept Validation

Description: Conduct thorough market research to understand user needs, the competitive landscape, and the feasibility of the Kasolayo platform. This stage ensures that the project is built on validated assumptions.

Acceptance Criteria:

Completion of surveys and interviews with potential users (commuters and car owners).

Analysis of the transportation landscape to identify gaps and opportunities.

A feasibility report confirming the need and potential success of the Kasolayo platform.

Deliverables: Market research report, user needs assessment, and feasibility study.

Minimum Viable Product (MVP) Development

Description: Develop the MVP, including core functionalities such as user registration, route matching, and secure smart contract-based payments. This milestone focuses on building a working version of the platform for initial testing.

Acceptance Criteria:

The MVP should include functional user interfaces for car owners and commuters.

Implementation of ride-matching algorithms and blockchain-enabled payment processing.

Internal testing completed with bug fixes and a report on performance and user feedback.

Deliverables: MVP product, internal testing report, and feedback from initial users.

Pilot Launch and Iteration

Description: Launch the platform in selected regions to gather real-world user data, feedback, and performance insights. Based on pilot results, iterate and make improvements before scaling the platform.

Acceptance Criteria:

Pilot launch successfully carried out with a defined number of users and rides.

Collection of performance data and user feedback.

Implementation of improvements based on feedback (e.g., user interface, ride-matching efficiency).

Deliverables: Pilot test report, user feedback analysis, platform improvements.

Project Close-out and Full Launch

Description: Finalize the project by preparing for the full-scale launch of the Kasolayo app. This includes preparing marketing materials, outreach campaigns, and documenting the project’s successes and lessons learned.

Acceptance Criteria:

Successful launch of the app, including promotion and user acquisition strategies.

Submission of a comprehensive project close-out report and a video summarizing the project journey, milestones achieved, and lessons learned.

Deliverables: Project close-out report, launch video, final platform version, and marketing strategy.

Not applicable

Not applicable

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

Oludare Odedoyin: software engineer

https://www.linkedin.com/in/oludare-odedoyin-04a17584?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app

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

Kasolayo Project: Cost Breakdown and Resources (130,000 ADA Budget)

The total cost of the Kasolayo project is budgeted at 130,000 ADA, carefully allocated to ensure the successful execution of each project milestone. Below is the detailed cost structure, including all necessary resources, third-party products/services, and internal team efforts.

Milestone 1: Research and Concept Validation

Market Research and User Surveys: 10,000 ADA

Conducting in-depth surveys, interviews, and secondary research to validate the Kasolayo concept and gather insights from users (commuters and car owners).

Feasibility Study: 5,000 ADA

Comprehensive analysis of the transportation landscape, competition, and market opportunities, resulting in a detailed feasibility report.

Total for Milestone 1: 15,000 ADA

Milestone 2: Minimum Viable Product (MVP) Development

Software Development (Front-End and Back-End): 50,000 ADA

Developing the core functionalities of the Kasolayo platform, including user registration, route matching, and smart contract-based payment on the Cardano blockchain.

AI Algorithm Integration: 10,000 ADA

Incorporating advanced AI technology for efficient ride-matching, improving user experience and logistics efficiency.

Smart Contract Development: 15,000 ADA

Writing, testing, and deploying secure smart contracts for peer-to-peer transactions between car owners and commuters.

Testing and Debugging: 10,000 ADA

Conducting extensive internal testing, bug fixes, and optimizing performance based on initial feedback.

Total for Milestone 2: 85,000 ADA

Milestone 3: Pilot Launch and Iteration

Pilot Launch (Select Region): 10,000 ADA

Executing a pilot launch in a targeted area, involving the onboarding of users, and monitoring performance under real-world conditions.

User Feedback Collection and Analysis: 5,000 ADA

Gathering feedback from early users through surveys, focus groups, and data analysis to guide future iterations.

Iteration and Improvements: 15,000 ADA

Making significant updates to the platform based on feedback to improve functionality, user interface, and ride-matching efficiency.

Total for Milestone 3: 30,000 ADA

Milestone 4: Project Close-out and Full Launch

Marketing and Outreach Campaign: 10,000 ADA

Launching a marketing campaign to promote the full-scale rollout of Kasolayo, including social media, community outreach, and strategic partnerships.

Final Platform Deployment: 5,000 ADA

Preparing the app for full-scale deployment, including infrastructure scaling, security enhancements, and final testing.

Project Close-out Report: 5,000 ADA

Documenting the entire project, highlighting the achievements, challenges, and lessons learned throughout the development process.

Project Close-out Video: 5,000 ADA

Producing a video summarizing the project’s journey, key milestones, and overall impact on the community and Cardano ecosystem.

Total for Milestone 4: 25,000 ADA

Third-Party Products and Services

Cardano Blockchain Fees: 10,000 ADA

Costs associated with deploying smart contracts, handling transactions, and leveraging the Cardano blockchain during development and MVP phases.

Cloud Infrastructure: 15,000 ADA

Cloud hosting for the Kasolayo platform, including server infrastructure, data storage, and scalability for the MVP and pilot stages.

Total for Third-Party Services: 25,000 ADA

Miscellaneous Costs

Community Engagement and Documentation: 10,000 ADA

Costs for maintaining community involvement, providing regular updates to stakeholders, and preparing project documentation.

Legal and Compliance: 5,000 ADA

Ensuring legal compliance for ride-sharing services and secure handling of user data, covering legal fees and regulatory advice.

Total for Miscellaneous Costs: 15,000 ADA

Summary of Costs:

Value for Money Justification

The 130,000 ADA budget is designed to cover all essential aspects of the project, from initial research and development to marketing and full launch. Here’s why the cost represents good value for money:

1. Development Quality: The bulk of the budget is allocated to high-quality software development, ensuring that the MVP includes cutting-edge features like AI-driven ride matching and smart contract-enabled payment

1. Scalability: Kasolayo is built to scale efficientl

1. Blockchain Utilization: The platform’s integration with the Cardano blockchain provides secure, low-cost transactions and transparency, which are both crucial for a peer-to-peer platfor

1. Impact on Cardano: Kasolayo will bring a real-world use case to the Cardano ecosystem, showcasing the power of decentralized applications in improving transportation efficienc

1. Marketing and Engagement: A portion of the budget is dedicated to marketing and community engagement, ensuring that Kasolayo reaches a broad audience and gains traction post-launc

Conclusion

This detailed cost breakdown of 130,000 ADA reflects the scale and complexity of the Kasolayo project. With the team’s expertise in human resources, banking, and software development, and with proper allocation of resources, the project will be executed efficiently. This budget ensures that Kasolayo delivers a functional, scalable, and impactful platform that adds value to both users and the broader Cardano ecosystem.

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

The total project cost of 130000 ADA for Kasolayo represents strong value for the Cardano ecosystem for several reasons, particularly when considering the innovative features we are implementing, the impact on the community, and the scalability potential. Here's how the cost was determined and why it offers value:

1. Cost Breakdown and Context

The 130000 ADA budget covers essential aspects of the project, such as:

Development Costs: Building and deploying the app, which includes backend infrastructure (blockchain integration, AI algorithms) and frontend (user interface). Development rates are in line with typical freelance or contract work for software engineers in our region.

Testing and Pilot Programs: Costs associated with running pilot tests, gathering user feedback, and iterating on the app’s functionality. This ensures the app is thoroughly vetted before a wider launch.

Marketing and Outreach: This includes community engagement, user acquisition campaigns, and partnerships to promote the app within the Cardano ecosystem and broader transportation space.

In our region, software development rates range from $25 to $50 per hour for freelance developers. Given the scale of Kasolayo, with blockchain and AI integration, the 130 ADA budget is modest but sufficient to cover these key elements. It reflects the use of cost-efficient resources while maintaining high-quality output.

1. Proportional Costs to Average Wage and Industry Standards

The costs were benchmarked against average wages and typical freelance rates in the tech and development industry. For instance:

Software Engineers: Freelance software engineers often charge $30 to $70 per hour, depending on the complexity of the work. The Cardano integration and AI development fall into the higher end of the range but have been offset through careful planning and phased development.

Human Resources and Project Management: My experience in HR and banking enables me to handle these aspects internally without additional costs. This represents further value by ensuring efficient fund use.

1. Why the Project Represents Value for Money

Efficiency: The team’s combined expertise in software development and project management means we can deliver high-quality results on a modest budget. Our ability to self-manage most of the project reduces overheads significantly.

Impact: Kasolayo has the potential to revolutionize transportation logistics by reducing costs, traffic congestion, and carbon emissions. This broad societal benefit aligns with Cardano’s vision for decentralization and sustainability.

Scalability: The platform’s initial implementation will be scalable, allowing for future expansion without significantly increasing costs. The groundwork done in this phase will support long-term growth at a relatively low incremental cost.

Blockchain Utilization: Kasolayo showcases Cardano’s blockchain technology in a real-world use case, attracting attention to the platform’s ability to support decentralized applications, further contributing to the ecosystem’s growth.

1. Supporting Evidence

The proposed budget is supported by market research on freelance rates, software development costs, and local average wages. For instance, a typical blockchain app project of this complexity could cost upwards of $10,000 or more, but by optimizing our development process and leveraging in-house expertise, we ensure that the project remains cost-effective without compromising quality.

Conclusion

The 130 ADA cost for Kasolayo offers substantial value for money. It aligns with industry standards, minimizes unnecessary expenses, and leverages in-house expertise to ensure high-quality delivery. Additionally, the positive social and environmental impacts, alongside its contribution to the Cardano ecosystem, provide f

urther justification for the investment.