Midnight RWA Tokenization: Private Waste Receipts & Marketplace by Edda Labs

[GENERAL] Name and surname of main applicant

Erick Romero

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

Entity (Not Incorporated)

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

12

[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)

Tokenize waste receipts as NFTs on Midnight blockchain using DIDs and Verifiable Creds, allowing small companies to securely sell directly to manufacturers, ensuring privacy and fair compensation.

[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.”

Cardano and Midnight blockchain.

[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

Our project is dedicated to full transparency and active collaboration with the community. We are committed to open-source development to foster innovation and trust within the ecosystem.

License Details: We have chosen the MIT License for all components of our project. This permissive license allows others to freely use, modify, and redistribute our software, including for commercial purposes. It supports open innovation while preserving the original copyright.

Scope of Open Source: The entire project, including smart contract templates, integration logic, and user interface components, will be made open source. This approach ensures that developers can freely contribute to and utilize our tools, enhancing their applications without legal barriers.

Community Engagement: By making our project fully open source, we aim to encourage community-driven development and ensure our solutions are continually refined and expanded to meet diverse needs. This commitment aligns with our goal to simplify the adoption of smart contract technology and to enhance the functionality and security of business platforms.

[METADATA] Horizons

Tokenization

[SOLUTION] Please describe your proposed solution

Context and Overview: In Brazil, the waste management sector faces significant challenges due to an inefficient and inequitable system. Manufacturers are legally required to compensate for the waste they generate by supporting companies that handle waste treatment and proper disposal. Currently, waste pickers collect recyclable materials and deliver them to small companies that accept small quantities and are geographically accessible. These small companies, in turn, provide receipts that certify the waste will be treated or discarded properly. However, intermediaries often collect these receipts and sell them to manufacturers, controlling prices and monopolizing profits. This system marginalizes small companies and waste pickers, who receive minimal compensation despite their crucial role in the recycling process.

Our Solution: Tokenizing Waste Receipts for a Fair and Private Marketplace: We propose a transformative solution that leverages Decentralized Identifiers (DIDs), Verifiable Credentials (VCs), and the Midnight blockchain—a platform employing zero-knowledge proofs for enhanced privacy. By tokenizing waste receipts as Non-Fungible Tokens (NFTs), we create a secure, transparent, and private marketplace. This system enables small waste management companies to sell receipts directly to manufacturers, ensuring fair compensation while preserving the confidentiality of sensitive information.

Key Components of the Solution:

Unique Digital Identities with DIDs and VCs:

• Assignment of DIDs: Each small company and manufacturer receives a Decentralized Identifier, establishing a secure and verifiable digital identity.
• Issuance of VCs: Government bodies or trusted authorities issue Verifiable Credentials to small companies, certifying their authorization to handle waste receipts and interact on the platform.

Private NFT Creation on Midnight Blockchain:

Tokenization Process:

• Small companies use their DIDs and VCs to mint NFTs representing individual waste receipts.
• NFTs encapsulate essential information like waste type and quantity while keeping sensitive details private.

Data Privacy Through Hashing:

• Sensitive data from the receipts is hashed and stored on the blockchain.
• Hashing ensures that private information remains confidential while providing a unique identifier for each receipt.
• This approach allows the system to enforce rules based on user information or commercial requirements without exposing the actual data.

Rule Enforcement:

• Smart contracts apply business logic using the hashed data to prevent double-selling and ensure compliance with regulations.

Privacy-Preserving Smart Contracts:

Secure Transactions:

• Smart contracts on Midnight facilitate transactions, enforcing terms and conditions automatically.
• By using hashed data, the contracts verify the uniqueness of each receipt and prevent duplication.

Access Control:

• Only participants with valid DIDs and VCs can engage in trading, ensuring compliance with legal requirements.

Zero-Knowledge Proofs:

• Midnight's zero-knowledge proofs enable the verification of transactions and enforcement of rules without revealing private data.
• This ensures only authorized entities can mint and transfer NFTs, maintaining data privacy and integrity.

Decentralized Marketplace for Direct Trading:

Eliminating Intermediaries:

• The platform connects small companies directly with manufacturers, allowing open negotiation and fair pricing.

Transparent and Immutable Records:

• All transactions are recorded on the blockchain, providing an immutable audit trail based on hashed data without exposing confidential information.

User-Friendly Interface:

• Accessible portals for sellers and buyers simplify the trading process, encouraging widespread adoption.

Addressing Current Challenges: Our solution tackles the core issues of unfair compensation and lack of transparency by removing intermediaries who currently dominate the market. By empowering small companies to sell directly to manufacturers, we ensure that profits reach those who contribute most to waste management. The use of DIDs and VCs verifies the identities and authorizations of all parties, reducing fraud and unauthorized activities. By hashing sensitive data and storing it on the blockchain, we maintain the confidentiality of private information while still enabling the enforcement of rules based on this data. Midnight's zero-knowledge proofs further enhance privacy by allowing verification without data exposure, addressing privacy concerns while still allowing for necessary compliance checks.

Benefits of Implementing This Solution: Implementing this system offers significant advantages for all stakeholders. It ensures fair compensation for small companies and waste pickers by enabling direct sales; enhances privacy by keeping sensitive information confidential through hashing and zero-knowledge proofs; increases transparency and trust through blockchain's immutable records; aligns with regulatory requirements by verifying participant credentials and maintaining accurate records for audits; and improves operational efficiency by reducing transaction times and costs with automated smart contracts and a streamlined marketplace.

Conclusion: By integrating decentralized identifiers, verifiable credentials, and Midnight's zero-knowledge proof-enabled blockchain technology into the waste management process, we address the critical shortcomings of the current system in Brazil. This innovative solution offers a scalable, efficient, and secure method that enhances fairness, improves transparency, and empowers small waste management companies and waste pickers. It sets a new standard for waste receipt trading, ensuring that those who contribute most to recycling and waste management are justly compensated—all while preserving privacy and enforcing necessary regulatory compliance.

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

Bringing Value to Cardano: Our project significantly enhances the Cardano ecosystem by showcasing the capabilities of Midnight, a fourth-generation blockchain that integrates privacy and decentralized identifiers (DIDs) through zero-knowledge technology. By applying these technologies to the waste management sector in Brazil—a critical and real-world challenge—we demonstrate how privacy preservation and rule enforcement can coexist in complex, real-world environments. This project not only proves the practical applicability of Cardano's technology but also paves the way for industries seeking privacy-focused solutions to adopt blockchain technology natively.

Midnight's Impact on Cardano: As a partner chain that leverages security from other networks, Midnight has chosen Cardano as its decentralized security layer, effectively positioning Cardano as a Layer 0 blockchain. This collaboration is a monumental win for Cardano, as it will attract industries that require privacy and security as integral components of their operations, such as waste management and environmental compliance. Furthermore, ADA holders will benefit directly: in addition to ADA staking rewards, they will receive Night, Midnight’s native currency, as additional incentives. This dual reward mechanism strengthens Cardano’s ecosystem, providing more value to its stakeholders and enhancing its role as a foundation for scalable, secure, and privacy-centric applications.

Real-World Application and Broader Ecosystem Benefits: By focusing on a tangible issue like waste receipt trading in Brazil, our project highlights Cardano's and Midnight's ability to support real-world, high-assurance applications. This adaptability broadens Cardano’s ecosystem by enabling diverse solutions that prioritize privacy and security. The successful development of this platform can inspire other industries to explore Cardano and Midnight for their privacy-focused needs, reinforcing Cardano’s position as a versatile and robust platform for critical applications.

Measuring Impact: We will measure the impact of our project through active engagement with the Cardano community. We will document all development processes on platforms like Discord and GitHub, allowing developers and community members to follow our progress, provide feedback, and offer recommendations. This collaborative approach fosters community involvement and helps us refine the solution based on collective insights. At the conclusion of the project, we will simulate the entire workflow of the application to demonstrate its functionality and potential benefits. This simulation will serve as a showcase for waste management companies, manufacturers, and relevant stakeholders, illustrating the practical viability of the solution.

Long-Term Benefits: The success of this project promises immediate advancements in how industries perceive and utilize Cardano for privacy-focused applications. By providing a detailed platform and engaging the community in its development, we set the stage for broader adoption of Cardano and its partner chains. The implementation of this solution serves as a compelling demonstration for potential real-world applications in waste management and beyond. This initiative fosters innovation while promoting sustained growth and adoption, contributing to Cardano’s reputation as a leader in blockchain privacy solutions. The collaboration between Cardano and Midnight offers unparalleled opportunities for developers, businesses, and ADA holders, driving forward a future of decentralized, privacy-centric applications across various sectors.

[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?

Proven Expertise in Zero-Knowledge Technology: Edda Labs secured first place in the inaugural virtual Midnight hackathon, competing against 35 participants and showcasing our expertise in zero-knowledge technology (https://midnight.network/blog/virtual-hackathon-winners). This achievement highlights our deep understanding of privacy-focused solutions and positions us as leaders in leveraging Midnight's capabilities. Our experience with zero-knowledge proofs is directly applicable to the proposed waste receipt tokenization platform, where privacy, secure authentication, and rule enforcement are paramount.

Established Track Record: Beyond our hackathon success, we have a proven track record of delivering impactful blockchain solutions. A prime example is our successfully completed Fund 11 Catalyst proposal, which received outstanding community feedback (Close-out video: youtube) (Project Milestones: https://milestones.projectcatalyst.io/projects/1100190). Our achievements demonstrate our ability to execute complex initiatives and contribute meaningfully to the Cardano ecosystem, particularly through innovative projects that leverage advanced blockchain technologies. This background equips us to tackle the challenges of implementing a secure, decentralized waste receipt trading system that empowers small companies and waste pickers.

Expertise in Privacy and Zero-Knowledge Technology: Edda Labs specializes in developing secure, scalable, and user-friendly blockchain applications tailored to address specific challenges. Our deep expertise in zero-knowledge proofs and privacy-enhancing technologies equips us to build solutions like the proposed waste management platform, where privacy, rule enforcement, and accountability are essential. By utilizing hashing techniques and zero-knowledge proofs, we ensure that sensitive data remains confidential while enabling the enforcement of rules based on private information. Our portfolio spans various applications, highlighting our versatility and commitment to advancing blockchain technology in real-world scenarios.

Understanding of the Waste Management Sector: Our team has invested time in understanding the complexities of the waste management sector in Brazil, including the challenges faced by small companies and waste pickers (Tour visit:

). This insight allows us to design a solution that is not only technologically robust but also aligned with industry needs and regulatory frameworks. We are prepared to collaborate with local stakeholders, government bodies, and industry participants to ensure the platform's success and adoption.

Global Collaboration and Expansion: At Edda Labs, we are committed to fostering innovation and driving business growth within the blockchain ecosystem. Our active involvement in the Cardano community, including hosting the Cardano Constitutional Workshop in Peru, reflects our leadership in advancing governance and collaboration discussions. We are also supporting Cardano hubs across Latin America, including Brazil, Argentina, Colombia, Chile, and Paraguay, furthering regional innovation and contributing to the widespread adoption of Cardano technology. These initiatives align with our goal of enhancing business opportunities, fostering local and global innovation, and driving the long-term expansion of the Cardano and Midnight ecosystems.

Project Management and Financial Accountability: Led by professionals with extensive experience in project and business management, Edda Labs is committed to delivering projects with strict adherence to timelines and financial accountability. Our successful completion of a Catalyst-funded project and recognition in the Midnight hackathon attest to our disciplined approach and ability to meet expectations, earning praise from the community. We are confident in our capacity to effectively manage the development of the proposed waste receipt tokenization platform, ensuring it meets the needs of all stakeholders while staying within budget and time constraints.

Innovative Solutions and Commitment to the Cardano Ecosystem: Edda Labs continues to push the boundaries of blockchain technology by developing privacy-focused solutions and applying advanced technologies such as Midnight, Aiken, Mesh, and reactive databases. By leveraging web frameworks and reactive programming, we build scalable and responsive applications that reinforce our commitment to driving decentralized solutions and advancing the Cardano ecosystem. Our work with Midnight highlights our dedication to integrating cutting-edge privacy technology, making us well-suited to deliver on the promises of the proposed waste management solution. We are dedicated to not only solving the immediate challenges but also contributing to the broader adoption of blockchain technology in sectors that require privacy and compliance.

Adaptability and Responsiveness: Understanding that each project presents unique challenges, we pride ourselves on our ability to adapt and respond to specific project requirements. For the waste management platform, we recognize the importance of creating a user-friendly interface for small companies and waste pickers who may not be familiar with blockchain technology. Our team is skilled in designing intuitive user experiences that lower the barrier to entry, ensuring that the platform is accessible to all users regardless of their technical background.

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

Project Planning and Initial Development Setup

Duration: 2 months

Milestone Outputs:

Comprehensive Project Plan and System Architecture:

• Detailed Project Plan: Outline objectives, timelines, and key performance indicators.
• System Architecture Design: Design an integrated architecture where DIDs and VCs are foundational components throughout the NFT creation and marketplace processes. Define interactions between DIDs, VCs, smart contracts, NFTs, and user interfaces.

GitHub Repository Establishment:

• Set up a GitHub repository with the initial code structure, including modules for DIDs, VCs, NFTs, smart contracts, and the marketplace.
• Include initial documentation and contributing guidelines.

Communication Channels:

• Establish internal communication channels (Discord and GitHub) for effective collaboration.

Acceptance Criteria:

Project Plan and Architecture:

• Completed and reviewed by both developers.
• Clearly defines the integration of all components and the development roadmap.

GitHub Repository:

• Repository is accessible with the initial code structure for all components.
• Documentation and guidelines are clear and comprehensive.

Communication Channels:

• Internal communication channels are active and facilitating collaboration.

Evidence of Completion:

Project Plan and Architecture Documents:

• Available in the GitHub repository under a dedicated documentation folder.

GitHub Repository Link:

• Shared between the two developers and accessible for development purposes.

Communication Channels Setup:

• Confirmation that internal communication channels are active and being used.

Core Development of NFT Minting Process with Integrated DIDs and VCs

Duration: 4 months

Milestone Outputs:

Integrated DID and VC Functionality:

• DID Assignment and Management: Develop functionality to assign and manage DIDs for small companies, manufacturers, and other stakeholders. Integrate DID usage into all user authentication and authorization processes.
• VC Issuance and Verification: Implement VC issuance by simulated trusted authorities to small companies. Embed VC verification in processes where user credentials are required, such as NFT minting and marketplace participation.

NFT Creation with Privacy Preservation:

• Smart Contract Development: Create smart contracts that allow authorized users (verified via DIDs and VCs) to mint NFTs representing waste receipts. Implement hashing of sensitive receipt data to create unique identifiers without revealing private information.
• Zero-Knowledge Proof Integration: Integrate zero-knowledge proofs to verify the uniqueness and validity of receipts during NFT minting without exposing sensitive data.

User Interface Development:

• Develop a user-friendly interface that guides users through: DID registration and management. VC requests and management. NFT minting process, including inputting receipt data, hashing, and submitting proofs.
• Testing and Validation: Perform unit and integration tests for all developed functionalities on the testnet. Ensure seamless integration of DIDs and VCs into the NFT creation process.

Acceptance Criteria:

Functional Integration:

• DIDs and VCs are fully integrated into the NFT minting process.
• Authorized users can mint NFTs; unauthorized attempts are prevented.

Privacy and Security:

• Sensitive data remains confidential through hashing and zero-knowledge proofs.
• The system enforces rules based on user credentials and receipt data without data exposure.

User Experience:

• The interface is intuitive, allowing users to manage DIDs, VCs, and mint NFTs with ease.
• The UI provides clear guidance and feedback throughout the process.

Testing Success:

• All critical test cases pass on the testnet, and any defects are documented for resolution.

Evidence of Completion:

Updated Code on GitHub:

• Commits reflecting integrated DID, VC, and NFT minting functionalities.

Demonstration Video:

• Showcasing the process of DID assignment, VC issuance, and NFT minting on the testnet.

Documentation:

• User guides and technical documentation published on GitHub, explaining the integrated processes.

Development of the Marketplace with Integrated Access Controls

Duration: 4 months

Milestone Outputs:

Marketplace Development: 

• Core Marketplace Features: Develop the decentralized marketplace where NFTs can be listed and traded. Integrate access controls using DIDs and VCs to ensure only authorized users can participate.
• Secure Transaction Mechanisms: Implement secure payment systems within the marketplace. Ensure transactions are processed securely and transparently.

Enhanced Access Control and Verification:

• DID and VC Integration: Embed DID and VC checks at critical points in the marketplace, such as listing NFTs, purchasing, and transferring ownership. Ensure real-time reflection of any changes in user status (e.g., revoked credentials).

User Interface Enhancements:

• Expand the UI to include marketplace functionalities: For Sellers (Listing NFTs, managing inventory and Viewing transaction history). For Buyers (Browsing listings, Verifying NFT authenticity and Completing purchases).
• Privacy and Data Protection: Ensure all interactions respect user privacy. Use hashed data and zero-knowledge proofs to validate transactions without revealing sensitive information.

Testing and Validation:

• Perform functional and integration tests of the marketplace on the testnet.

Acceptance Criteria:

Marketplace Functionality:

• The marketplace is operational on the testnet, allowing authorized users to list and purchase NFTs.

Access Control Effectiveness:

• Unauthorized users are prevented from accessing marketplace features.
• The system accurately reflects changes in user credentials.

User Experience:

• The UI is intuitive, enabling smooth marketplace interactions.
• Users receive clear feedback and support throughout their activities.

Security and Privacy:

• Transactions are secure, and sensitive data remains protected.

Testing Success:

• All critical test cases for the marketplace pass on the testnet.

Evidence of Completion:

Updated Code on GitHub:

• Marketplace code with integrated access controls and UI enhancements.

Demonstration Video:

• Showing the marketplace in action on the testnet, including listing, buying, and access control features.

Documentation:

• Updated user manuals, technical guides, and API references.

Comprehensive Testing, Optimization, and Workflow Demonstrations

Duration: 1 month

Milestone Outputs:

System Testing and Optimization:

• Perform extensive functional, performance, and security testing across all components on the testnet.
• Optimize the system for scalability, reliability, and efficiency.

Preparation of Workflows and Demonstrations:

• Develop detailed workflow scenarios that showcase the platform's capabilities from end to end.
• Create demonstration videos and presentations illustrating: The process of minting NFTs using DIDs and VCs. How the marketplace operates for both sellers and buyers. Privacy-preserving features and how sensitive data is protected.

Bug Fixes and Enhancements:

• Address any issues identified during testing.
• Implement enhancements to improve user experience and system performance.

Stakeholder Engagement Materials:

• Prepare materials (videos, presentations, documents) for stakeholders, including small companies and waste pickers, manufacturers and potential partners or investors.

Acceptance Criteria:

System Stability and Performance:

• The platform operates reliably under simulated usage conditions on the testnet.
• Key performance metrics meet predefined targets.

Workflow Demonstrations:

• Demonstrations effectively showcase all major functionalities.
• Materials are clear, professional, and suitable for stakeholder presentations.

Issue Resolution:

• Critical bugs are fixed, and enhancements improve user experience.

Evidence of Completion: 

Test Reports:

• Detailed reports on testing outcomes and performance metrics on the testnet.

Demonstration Materials:

• Videos and presentations available for stakeholder review.

Updated Code and Documentation:

• Reflecting fixes and enhancements made during this phase.

Finalization and Project Wrap-Up

Duration: 1 month

Milestone Outputs:

Final Documentation:

• Complete all technical documentation, including system architecture, code references, and API documentation.

User Manuals and Guides:

• Develop comprehensive guides for all user roles, including small companies and waste pickers and manufacturers.

Final Presentations:

• Compile all demonstration materials into a cohesive presentation.
• Ready the materials for potential stakeholder meetings or future project proposals.

Acceptance Criteria:

Documentation Completeness:

• All necessary documentation is finalized and accessible.

Presentation Materials Prepared:

• High-quality materials are ready for potential stakeholder engagement.

Evidence of Completion:

Documentation Availability:

• All documents are available on GitHub and other appropriate platforms.

Presentation Materials:

• Slide decks, videos, and brochures prepared and ready.

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

Erick Romero | Blockchain & Full-Stack Developer & Business Strategy

Background: Engineer

LinkedIn: Erick Romero

Twitter: @ErickRomeroEdda

Erick plays a pivotal role in the technical design and architecture of Edda Labs' blockchain projects. As the Blockchain & Full-Stack Developer, he leads the development of smart contracts, ensuring they are modular, secure, and fully aligned with project goals. Erick combines deep expertise in blockchain technology, software development, and project management, strategically guiding each initiative to ensure technical excellence.

With over 15 years of experience in the tech field, Erick has actively participated in the Plutus Pioneer Program, Aiken-Mesh PBL, Marlowe Pioneer Program, Midnight Pioneer Program and the Cardano Blockchain Certified Associate. He has a robust understanding of zero-knowledge technology and its application in smart contracts, thanks to his role as a lead developer in the Midnight hackathon, where Edda Labs secured first place. Additionally, Erick is the co-host of the Cardano Constitutional Workshop in Peru. Fluent in English, Spanish, and Portuguese, Erick's ability to communicate across languages aligns with the project’s multilingual content creation goal. His background in project management is bolstered by a master’s degree in renewable energy and an MBA, ensuring financial discipline and transparency across all projects.

 

Tainá Bugs | Full-Stack Developer & Product Design & Product Owner

Background: Engineer & Designer

LinkedIn: Tainá Bugs

Twitter: @tainabugs

Tainá is a highly skilled Full-Stack Developer with expertise in Next.js and its App Router, managing both backend and frontend functionalities to deliver integrated solutions swiftly and effectively. In addition to her development work, Tainá is responsible for product design, ensuring that client needs are effectively reflected in the application in the most efficient and user-centric way. Her technical expertise allows her to work across all layers of the application, from server-side logic to client-side interactivity, ensuring a seamless user experience.

With over 10 years of experience in the tech field, Tainá brings a diverse background as a civil and metallurgical engineer, as well as a designer. She has also completed the Cardano Blockchain Certified Associate program and, as part of the team that won the Midnight hackathon, she has hands-on experience in implementing zero-knowledge technology within smart contracts. Additionally, she is a co-host of the Cardano Constitutional Workshop in Peru. Fluent in English, Spanish, and Portuguese, Tainá is well-positioned to support the project's goal of producing multilingual content. Her blend of full-stack development, product design, and blockchain expertise positions her as a key asset in delivering innovative and user-centric solutions.

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

Total Budget: 150,000.00 ADA

You can see the detailed budget here: https://docs.google.com/spreadsheets/d/135_acYyB2LCoNVy2SZUCHzSNilGQdKH9/edit?usp=sharing&ouid=110349680417320756134&rtpof=true&sd=true

Milestone 1: Project Planning and Infrastructure Setup

Duration: 2 months

Total for Milestone 1: 25,300 ADA

• Blockchain Developer (Zero-Knowledge Proof and Real-Time Database Integration): 13,000 ADA
• Full-Stack Developer & UI/UX Design: 10,000 ADA
• Contingency: 2,300 ADA

Milestone 2: Core Development of NFT Minting Process with Integrated DIDs and VCs

Duration: 4 months

Total for Milestone 2: 50,600 ADA

• Blockchain Developer (DID and VC Development): 26,000 ADA
• Full-Stack Developer & UI/UX Design: 20,000 ADA
• Contingency: 4,600 ADA

Milestone 3: Development of the Marketplace with Integrated Access Controls

Duration: 4 months

Total for Milestone 3: 50,600 ADA

• Blockchain Developer (Smart Contracts and Zero-Knowledge Proofs Integration): 26,000 ADA
• Full-Stack Developer & UI/UX Design: 20,000 ADA
• Contingency: 4,600 ADA

Milestone 4: Comprehensive Testing, Optimization, and Workflow Demonstrations

Duration: 1 month

Total for Milestone 4: 12,650 ADA

• Blockchain Developer (Simulation Development and Testing): 6,500 ADA
• Full-Stack Developer & UI/UX Design: 5,000 ADA
• Contingency: 1,150 ADA

Milestone 5: Finalization and Project Wrap-Up

Duration: 1 month

Total for Milestone 5: 12,513 ADA

• Blockchain Developer (Documentation and Finalization): 6,500 ADA
• Full-Stack Developer & UI/UX Design: 4,875 ADA
• Contingency: 1,138 ADA

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

Our budget of 150,000 ADA is strategically allocated to deliver a high-impact solution addressing critical challenges in Brazil's waste management sector. By optimizing our development team and focusing on essential roles proficient in blockchain technology, smart contracts, and decentralized identity solutions, we ensure efficient use of funds while maximizing the project's effectiveness.

We have established relationships with businesses in Brazil that are eager to implement this solution, ensuring a smooth entry into the market. This existing interest accelerates adoption and impact, as collaboration with these stakeholders streamlines deployment and integration. Early partnerships can lead to success stories, promoting further adoption and demonstrating the platform's value.

By eliminating intermediaries in the waste compensation process, our platform empowers waste pickers and small companies, enhancing their livelihoods and promoting social equity. Manufacturers, mandated by Brazil's environmental regulations to manage and compensate for waste, can reduce compliance costs through transparent and direct transactions on our platform, leading to significant economic benefits within the sector.

Our lean and efficient development approach minimizes overhead without compromising quality. Most of the budget is dedicated to core development activities that directly contribute to the project's success. The platform is designed to be scalable across Brazil's diverse regions and adaptable to various local practices, with the potential to expand into other countries facing similar waste management challenges. This scalability enhances the long-term value and impact of the initial investment.

Utilizing advanced technologies like Midnight's zero-knowledge proofs and Cardano's blockchain, we deliver a secure, transparent, and privacy-preserving solution. This cutting-edge technology reduces long-term costs associated with security and data management. Demonstrating a practical use case enhances Cardano's reputation and attracts more developers and industries to the ecosystem, potentially increasing the value of ADA for stakeholders.

The platform opens avenues for revenue through transaction fees, premium services, and strategic partnerships. Early interest from businesses indicates strong market potential and the likelihood of profitable operations. By incentivizing waste pickers, we contribute to improving Brazil's recycling rates, leading to significant environmental benefits such as reduced landfill use and lower greenhouse gas emissions. Enhancing income opportunities for marginalized communities aligns with global sustainable development goals, promoting decent work and economic growth.

By strategically allocating our 150,000 ADA budget to these high-impact areas, we ensure that every ADA invested contributes to a solution with substantial environmental, social, and economic benefits. Our established relationships with interested businesses in Brazil position us for rapid market entry and adoption, maximizing the return on investment. This project not only addresses pressing waste management issues but also strengthens the Cardano ecosystem by showcasing its capabilities in solving real-world problems.