[Proposal setup] Proposal title

Please provide your proposal title

[Veralidity] - Tax Audit Shield for eCommerce/ERP Sales Data

[Proposal Summary] Budget Information

Enter the amount of funding you are requesting in ADA

199998

[Proposal Summary] Time

Please specify how many months you expect your project to last

10

[Proposal Summary] Translation Information

Please indicate if your proposal has been auto-translated

No

Original Language

en

[Proposal Summary] Problem Statement

What is the problem you want to solve?

Retailers face costly tax audits, chargebacks & data compliance risks because sales data lives only in mutable databases with no immutable, regulator-trusted, verified proof of truth.

[Proposal Summary] Supporting Documentation

Supporting links

• https://www.veralidity.com/
,
• https://verifiedcoupons.veralidity.com/
,
• https://x.com/veralidity
,
• https://docs.google.com/document/d/16vnfz9hcoS-cNfZGFGpEf8Qu39vFpiGW0bm3PMV9944/edit?usp=sharing
,
• https://docs.google.com/document/d/1IxmNjciTQ9aXFuNXxSYSJrfRjD2f3yUwhA2vtPtqDUU/edit?usp=sharing

[Proposal Summary] Project Dependencies

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

No

Describe any dependencies or write 'No dependencies'

No dependencies

[Proposal Summary] Project Open Source

Will your project's outputs be fully open source?

No

Please provide details on the intellectual property (IP) status of your project outputs, including whether they will be released as open source or retained under another licence.

We're utilizing a mix of Open-Source & Propriety outputs. This lets us keep it open and accessible for community projects, while giving us the avenue to make some revenue from commercial use. -Adobe Commerce & Magento 2 plugins installed by merchants – Open Source (MIT) -Verified Ledger Protocal – Proprietary (closed source) – Commercial product -Midnight smart contracts & ZK circuits – Open Source (Apache 2.0) – published on GitHub -Documentation, SDKs, sample code – Open Source (CC-BY-4.0/MIT)

[Theme Selection] Theme

Please choose the most relevant theme and tag related to the outcomes of your proposal

E-commerce

[Campaign Category] Category Questions

Describe what makes your idea innovative compared to what has been previously launched in the market (whether by you or others).

What makes our solution genuinely innovative (and first-of-its-kind)?

First truly fiat-native, regulator-grade audit trail on Cardano + Midnight

No existing product (inside or outside Cardano) records ordinary fiat sales orders – credit-card, PayPal, Klarna, etc. – as cryptographically verifiable, immutable events. Verified Ledger turns every Web2 sale into a regulator-exportable, tamper-proof receipt without forcing merchants to accept crypto payments. This removes the single biggest adoption barrier for real businesses while still leveraging Cardano’s settlement layer and Midnight’s privacy layer.

Midnight shielded parent-child NFTs + selective disclosure = privacy-first compliance

We are the first project worldwide to use Midnight’s shielded, parent-child NFTs and Compact contracts to store full PII-rich sales records (customer name, address, exact totals, tax lines) completely off any public ledger.

• Returns, refunds, credit memos, all minted as shielded child NFTs referencing the parent sale.
• Auditors receive ZK selective-disclosure proofs (e.g.: "prove total VAT collected = €48,291 in Q4 without revealing a single customer name").
• This simultaneously satisfies GDPR, upcoming EU Digital Product Passport (DPP) / ESPR requirements, and national tax authority demands for verifiable source-of-truth transactional sales data – a combination no existing solution achieves.

Dual-ledger hybrid architecture (Midnight privacy + Cardano public anchor)

• Private data is minted as a Midnight shielded NFT providing regulatory compliance and zero public data leakage.
• Public proof of verifiable transactional sales data is minted on Cardano as an NFT which meets public audit & DPP standards.
• No competitor offers this privacy/transparency duality in a single product.

First Adobe Commerce & Magento 2 extensions for on-chain transactional sales data verification

Zero integrations exist today that turn standard Adobe Commerce & Magento 2 Open Source transactional sales data into verifiable blockchain events. Our solutions will be the first publicly available, production-grade implementation of it's kind.

Platform-agnostic API layer

A single REST/OData API enables an endless amount of platforms, such as SAP, NetSuite, Shopify, BigCommerce, Agentforce Commerce, etc., to push sales events into the same shielded + public proof pipeline, creating the first universal "audit-shield-as-a-service" for enterprise retail.

Built on proven innovative solutions from the same team

Veralidity has already successfully delivered "Verified Coupons" (Fund 12) – a Cardano-native, and the world's first verifiable coupon system with production-ready Adobe Commerce & Magento 2 Open Source integrations – proving we can ship merchant-facing, seamless products that deliver real world solutions at scale.

Our solution is not another traceability pilot or crypto-only payment gateway. It's the first solution ever that provides traditional retailers using eCommerce &/or ERP platforms an immutable, regulatory compliant, privacy-preserving audit shield for every fiat and blockchain based transactional sales data event – in a way no other launched product has done before.

Describe what your prototype or MVP will demonstrate, and where it can be accessed.

Current Status – Working Proof-of-Concept (already delivered & live)

We have a fully functional, publicly accessible proof-of-concept built and shipped with Catalyst Fund 12 funding: Verified Coupons – a production extension for Adobe Commerce & Magento 2 Open Source that tokenizes promotional coupons on Cardano, and verified by Charli3 Oracles.

Live website with two examples including links to check oracle validation, last checked, etc. (Close out video includes a demo too):

https://verifiedcoupons.veralidity.com/

Demo video showing minting on Cardano from Magento 2 Open Source:

https://youtu.be/-RwQLrfxtYY

Project close out video:

https://vimeo.com/1129034707/c84470d51d

Local Oracle Demo (optional supporting asset to showcase oracle innovation):

https://drive.google.com/file/d/11hS-d6XW4gwG8KauYccd_MOBKkbPhSDf/view?usp=sharing

This PoC proves our team can reliably capture real transactional sales events from Adobe Commerce & Magento 2 Open Source, batch them, and mint verifiable NFTs on Cardano mainnet – the exact same technical foundation used in this proposal.

Final MVP – What will be delivered with Fund 15 funding

Within 8 months of funding (target: aligned with Midnight mainnet):

Production Adobe Commerce / Magento 2 Open Source extensions

• Captures every fiat sale, invoice, refund, credit memo
• Mints shielded parent NFTs (full PII + tax details) + child NFTs (returns) on Midnight mainnet
• Mints public proof NFTs on Cardano mainnet as regulator anchor

Merchant dashboard & one-click audit exports

• Generate regulator-ready PDFs/CSVs with embedded Midnight ZK selective-disclosure proofs
• Example: "Prove total VAT collected in Germany Q4 2025 = €48,291" without revealing any customer data

Universal REST/OData API

• Enables other platforms such as SAP, NetSuite, Shopify, BigCommerce, etc. to push sales events into the same shielded + public proof pipeline

Live demo stores & public verification (to be made available at final milestone completion)

• https://verifiedledger.veralidity.com/
• All minted NFTs verifiable on Midnight mainnet + Cardano mainnet explorers
• All Open-Source deliverables will be made available on our GitHub (extensions + Midnight contracts):
  • https://github.com/veralidity

Community Engagement & Early Access

After final milestone is approved and signed off we will open a public beta program: The first 10 merchants who onboard will receive integration for free and a monthly SaaS discount for life of the product service (% to be determined at a later date) via community waitlist.

The Fund 12 PoC already proves we ship merchant-facing tools that work with seamlessly with traditional eCommerce platforms.

Fund 15 funding upgrades this foundation to deliver the world’s first privacy-preserving, regulator-trusted sales audit shield – live on Midnight + Cardano mainnet within 8 months.

Describe realistic measures of success, ideally with on-chain metrics.

Realistic Measures of Success – Post launch 12 month projection - (all figures are optimistic projections with transparent sources & calculation logic)

Live merchants using the system

• 50 -> 250+ merchants.
• Adobe Commerce + Magento 2 Open Source = ~95,000 active live storefronts worldwide (Adobe 2025, BuiltWith, Net Solutions). Current Veralidity extensions already serve 70+ live stores. Organic growth + Catalyst visibility + compliance urgency -> 0.05% – 0.25% market capture = realistic 50–250 merchants.
• Even 50 merchants = major win for Cardano & Midnight adoption.

Shielded transactional sales data events minted

• 500K -> 5M+ Shielded NFTs minted
• Average mid-size Magento store = 3–15K orders/year. 50 merchants × 10K avg = 500K; 250 merchants × 20K avg = 5M.
• Demonstrates real commercial throughput on Midnight

Shielded data volume on Midnight

• 5 -> 50+ GB of data
• Avg order with PII + tax lines ≈ 8–12KB shielded. 500K orders × 10KB = 5GB; 5M × 10KB = 50 GB.
• This positions our product as Midnight's flagship enterprise workload

Public proof NFTs on Cardano

• 25K -> 250K+
• One public batch NFT per merchant, per week (or day at scale). 50 merchants × 52 weeks = ~2.6K -> batched into ~25K NFTs; scales linearly.
• Easy public verification on Cardano explorers

Merchant-generated audit exports

• 1,000 -> 10,000+ reports exported
• Conservative: 1–4 exports per merchant, per year (quarterly tax + occasional chargeback). 50 merchants × 20 = 1K; 250 × 40 = 10K.
• Proves merchants actively use it for real regulatory purposes

Community Engagement

• Publicly available demos & feedback engagement
• Social Media community engagement
• GitHub issues responded to ≤48 h
• Catalyst updates

Important disclaimer

These are optimistic but fully achievable projections derived from:

• Public Adobe/Magento install-base data (2025 reports)
• Real performance of our existing Cardano + Adobe Commerce & Magento 2 Open Source extensions
• Standard SaaS growth curves for compliance products
• Historical adoption of Catalyst-funded merchant tools

Actual outcomes may vary (lower or significantly higher) depending on Midnight mainnet timing, market conditions, and regulatory tailwinds.

Every primary metric (merchants, records, NFTs, data volume) will remain 100% publicly verifiable on-chain via published Midnight contract addresses and Cardano policy IDs from day one of final milestone completion..

[Your Project and Solution] Solution

Please describe your proposed solution and how it addresses the problem

Proposed Solution – Verified Data Audit Defense for Digital Commerce

Audits and accounting overhead is a multi-million dollar pain point for hundreds of thousands of businesses worldwide. Veralidity's innovative solution solves the $10B+ global problem of tax audits, chargebacks, and compliance penalties for merchants using eCommerce &/or ERP type platforms by turning every fiat and crypto transactional sales event data into a traceable and verifiable sequence of events on-chain, which are an immutable, regulator-trusted, and privacy-preserving proof of truth — without forcing merchants to accept and use cryptocurrency.

How it works

Crypto & Fiat-Native Capture

Zero trust. Zero merchant crypto. Maximum audit strength. Adobe Commerce & Magento 2 Open Source extensions + universal REST/OData API capture every sales order, invoice, refund, credit memo, and tax line items— regardless of payment method (Visa, PayPal, Klarna, bank transfer, Net-terms, cryptocurrencies, etc.).

Midnight Shielded Ledger (Privacy Layer)

• Every transaction sales data event is minted as a shielded parent NFT on Midnight using Compact smart contracts.
• Orders, Returns, chargebacks, credit memos, modified orders become shielded child NFTs referencing the parent.
• Full PII (customer name, address, exact totals, ordered products, tax jurisdiction) lives only inside Midnight’s zero-knowledge shielded pool, which ensures 100% GDPR-compliance and satisfies the upcomming EU Digital Product Passport (DPP) requirements, never visible on any public ledger.

Cardano Public Proof (Transparency Layer)

Daily/weekly batches create a single public proof NFT on Cardano mainnet containing only necessary public data, the Merkle root + timestamp of all shielded records. This gives regulators an immutable, publicly verifiable anchor while keeping personal data hidden.

Selective Disclosure for Auditors & Tax Authorities

Retailers generate ZK selective-disclosure proofs in one click (e.g.: "prove total VAT collected = €48,291 in Germany Q4 2025" or "prove net revenue after refunds = $1.27 M") — without ever revealing individual customers or orders.

Verified transactional sales data exports are accountant and regulator-ready PDFs/CSVs with embedded Midnight proofs + Cardano NFT proofs.

GDPR/ESPR Ready

No personal data on public chain. Full 2026 DPP compliance.

Universal API for Enterprise

Retailers using SAP, NetSuite, Shopify, BigCommerce, Agentforce Commerce, and many other platforms can integrate via a single API. — one audit shield for the entire digital commerce stack.

This foundation will allow for further real world adoption in the realm of on-chain financial reporting, and data compliance as a value add for large enterprise adoption.

Protocol Data Flow

Key Paths:

1. Sales Data Event Occurs -> Platform fires observer/webhook
2. API Gateway validates & queues to Redis
3. Batch Processor pulls queue -> Protocol builds shielded payload
4. Protocol calls Midnight -> Mints shielded parent NFT
5. Lifecycle Event (return) -> Mints shielded child NFT
6. Daily Batch -> Mint public Cardano NFT (necessary data, public Merkle root)
7. Retailer/Merchant Export -> PDF with ZK proofs + Cardano/Midnight links

This protocol is not a concept. It's the only production ready system that gives traditional retailers court-admissible, privacy-preserving, immutable proof for every fiat sale. We're not asking for funding to explore. We're asking for funding to launch the future of regulatory compliance today.

[Your Project and Solution] Impact

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

Our project will produce a product that will drive measurable adoption of Cardano and Midnight by solving a painful real-world problem for traditional businesses.

Seamless Retail-to-Cardano onboarding

• Our project integrates Cardano into a $150+ Billion annual GMV ecosystem on Adobe Commerce/Magento 2 Open Source alone — without requiring merchants to accept crypto today, or even know they're using crypto.
• Every retailer that adopts this solution automatically gains an on-chain identity and verifiable transaction history, dramatically lowering future barriers to adding ADA & CNT payments, loyalty programs, stablecoin settlements, or DeFi yield on revenue.

Regulatory compliance credibility

Our project delivers ZK-verified audit evidence accepted by courts, IRS, EU tax authorities, and positions Cardano & Midnight as the gold standard for compliant enterprise blockchain, accelerating institutional adoption.

Developer ecosystem expansion

Our project which offers open-source extensions + Midnight contracts (Apache 2.0) will become the reference implementation for shielded transactional sales data by creating a reusable design pattern (parent-child sales NFTs + Cardano public anchor) that every Cardano developer can fork for supply chain, healthcare records, insurance claims, etc.

Network effects & TVL flywheel

Each merchant can potentially bring thousands of daily transactions onto Cardano & Midnight. Our solution turns compliance cost into a competitive advantage where merchants can save $10k–$100k+ yearly on audits/chargebacks, and fraud.

Adobe Commerce & Magento 2 Open Source at a Glance

• Total Active Sites: Over 100,000+ retailers worldwide use Adobe Commerce or Magento Open Source combined.
• Target Company: Large enterprises, B2C and B2B merchants with complex eCommerce operations, high sales volume, or multiple brands/storefronts. Powers ~85% of the top 100 U.S.A online retailers (Net Solutions, 2025). Globally, it's used by thousands of mid-to-large enterprises (e.g.,: Coca-Cola, Ford).
• Ideal For: Companies with annual revenues of over $1 million that need advanced features, security, scalability, and Adobe's managed hosting or support.
• Revenue: Generates billions in sales for merchants, with high-volume businesses requiring custom quotes.

This project is the on-ramp that brings traditional retail onto Cardano at scale, proves Midnight's privacy tech in production, and creates the reusable open-source foundation for the next wave of enterprise use cases — all while giving the Cardano brand unprecedented real-world legitimacy with governments, regulators and Fortune 1000 companies.

[Your Project and Solution] Capabilities & 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?

As an Adobe Solutions Partner, Veralidity has a proven track record in developing seamless Cardano integrations natively with Adobe Commerce &Magento 2 Open Source. Veralidity has also delivered in the Fund12 project "CHARLI3 Oracles - Verified discount/coupon codes for Adobe Commerce & Magento 2 Open Source eCommerce platforms", receiving 67.9 million ADA in votes, with the initiative now live on the Cardano mainnet. This solution allows merchants to create verifiable coupons on Cardano to combat fraud, while also guaranteeing that the coupon code a customer searches for and uses will work every time while shopping at their favorite retailer.

Our approach has already been validated as undeniably feasible. We've already completed a proof-of-concept with the completion of the worlds-first verifiable promotional coupons platform with coupon data verified by Charli3 Oracles. This proof-of-concept can be adapted for sales data instead of promotional coupons.

For more information about Veralidity:

https://www.veralidity.com/

For more information about our Verified Coupons POC:

https://verifiedcoupons.veralidity.com/

[Milestones] Project Milestones

Milestone Title

Prepare Adobe Commerce/Magento 2 Open Source for full sales events integration with Cardano

Milestone Outputs

• Create an Adobe Commerce & Magento 2 Open Source software extension that listens in and triggers during every transactional sales events and observers
• Procure the necessary transactional sales data in Adobe Commerce & Magento 2 Open source to integrate with Midnight & Cardano

Acceptance Criteria

• Adobe Commerce & Magento 2 Open Source is setup for all transactional sales data events
• Create a test sales order in Magento 2 Open Source administration control panel and have the software setup to procure the transactional sales data to Midnight and Cardano, but for this milestone there is no integration yet with the chains

Evidence of Completion

Demo Screencast Video showing:

• Highlighting the exact events being observed within our Magento 2 Open Source software extension installed by merchants by showing the events and observers within the extensions codebase. The code/logic will be shown using an IDE or code editor during the demo screencast.
• Customer creating a test sales order within a local Magento 2 Open Source frontend storefront with transactional sales data being outputed on screen after the order is placed, which will become the on-chain metadata in future milestones once the integration with the chains is complete
• Administrator creating a test sales order within a local Magento 2 Open Source admin control panel with transactional sales data being outputed on screen after the order is placed, which will become the on-chain metadata in future milestones once the integration with the chains is complete
• Administrator editing a test sales order within a local Magento 2 Open Source admin control panel with transactional sales data being outputed on screen after the order is modified, which will become the on-chain metadata in future milestones once the integration with the chains is complete
• Showcase the user-flow for when data is triggered and to be pushed to the Midnight and Cardano blockchain, again with no actual blockchain integration established at this milestone

Delivery Month

1

Cost

33333

Progress

10 %

Milestone Title

Magento 2 Open Source integration with the Cardano blockchain

Milestone Outputs

• Create a Magento 2 Open Source software integration with the Cardano blockchain
• Enable transactional sales data submission through this integration; Transactional sales data NFT submission process must be functional, allowing transactional sales data to be minted as Cardano NFTs

Acceptance Criteria

• Magento 2 Open Source integration with the Cardano blockchain.
• Creating test order via Magento 2 Open Source and showcasing the creation of the transaction on the Cardano blockchain that contains the metadata for the transactional sales event with our Magento 2 Open Source local environment.

Evidence of Completion

Demo Screencast Video showing:

• A locally hosted solution showcasing a functioning integration between Magento 2 Open Source and the Cardano blockchain.
  • Transactional Sales Data submission minted as an NFT.
  • Showcase the NFTs metadata on a blockchain explorer.
• Optional (Github repo if can be made public)

Delivery Month

2

Cost

33333

Progress

20 %

Milestone Title

Magento 2 Open Source integration with the Midnight blockchain

Milestone Outputs

• Create a Magento 2 Open Source software integration with the Midnight blockchain
• Enable transactional sales data submission through this integration; Transactional sales data NFT submission process must be functional, allowing transactional sales data to be minted as Midnight NFTs

Acceptance Criteria

• Magento 2 Open Source integration with the Midnight blockchain.
• Creating test order via Magento 2 Open Source and showcasing the creation of the transaction on the Midnight blockchain that contains the metadata for the transactional sales event with our Magento 2 Open Source local environment.

Evidence of Completion

Demo Screencast Video showing:

• A locally hosted solution showcasing a functioning integration between Magento 2 Open Source and the Midnight blockchain.
  • Transactional Sales Data submission minted as an NFT.
  • Showcase the NFTs metadata on a blockchain explorer
• Optional (Github repo if can be made public)

Delivery Month

4

Cost

33333

Progress

30 %

Milestone Title

Finalize Midnight & Cardano minting functionality for Magento 2 transactional sales data

Milestone Outputs

• Minting necessary Midnight NFTs and Cardano NFTs when Magento 2 Open Source transactional sales data event(s) are triggered from a sales order placed or modified from a demo storefront.
• Transactional sales order data on-chain history is available for Magento 2 Open Source administrators.

Acceptance Criteria

• Ability to mint NFTs on the Midnight & Cardano blockchains
• UI that allows retailers the ability to access on-chain data for transactional sales events within the Magento 2 Open Source administrators control panel

Evidence of Completion

Demo Screencast Video showing:

• A locally hosted solution showcasing a functioning integration between Magento 2 Open Source, the Midnight blockchain, and the Cardano blockchain.
  • Transactional sales data is minted as an NFT with either shielded and/or public transactional sales data.
  • Showcase the NFTs metadata on a blockchain explorer
• The Magento 2 Open Source administrators UI which allows the admins to view on-chain data for transactional sales events within their Magento 2 Open Source admin control panel.
• Optional (Github repo if can be made public)

Delivery Month

6

Cost

33333

Progress

70 %

Milestone Title

Retailers document center for exporting transactional sales data within Magento 2 Open Source

Milestone Outputs

• Magento 2 Open Source admistrative docements center with exportable on-chain transactional sales data
• Create Git Hub repositories for all required open source outputs and populate them with all relevant code.

Acceptance Criteria

• Accessible documents center within Magento 2 Open Source that allows administrators the ability to export reports with on-chain transactional sals event data
• Creation of publicly accessible GitHub repos that contain the codebase for all open source outputs outlined for this proposals specifications.

Evidence of Completion

Demo Screencast Video showing:

• A Magento 2 Open Source merchant accessing an area within the administrative control panel that allows the administrator to export as a file, transactional sales event data which was minted on-chain.
• A quick walkthrough and showacase of what the exported on-chain data looks like within the exported report file.
• A quick walkthrough of the publicly accessible GitHub repositorys for this project.

Delivery Month

7

Cost

333333

Progress

90 %

Milestone Title

Launch Public / Live Project Website & Final Closeout

Milestone Outputs

• Launch public / live project website that highlights and showcases the project itself, and provides documentation for the project.
• Final Close-Out:
  • Create final close-out report.
  • Create final close-out video.

Acceptance Criteria

• Public Website is Live
  • Website highlights and showcases informatin about the project, sample links to shielded & non-shielded NFTs, technical & non-technical project documentation
• Final closeout report is publicly available.
• Final closeout video is publicly available.

Evidence of Completion

• Link to website that contains all the outputs/ACs
• Submit to Catalyst a Link to final closeout report
• Submit to Catalyst a Link to final closeout video

Delivery Month

8

Cost

33333

Progress

100 %

[Final Pitch] Budget & Costs

Please provide a cost breakdown of the proposed work and resources

Cost Breakdown – ₳199,998 ADA (~$85,9999K USD @ $0.43 ADA Current Market Price)

Summary of Work (8 months):

• Deliver production ready enterprise grade Adobe Commerce & Magento 2 Open Source extensions, Midnight shielded NFT system, Cardano public proofs, universal API (for SAP/NetSuite/Shopify, etc.), SaaS dashboard, Open Source repos, documentation & live launch.
• Team: 2 U.S.A. based, in-house, full-stack engineers
• MVP Live Q4 2026

SOW Estimate:

Midnight/Cardano Development

• ₳70,000
  • Compact contracts (parent/child sales NFTs)
  • ZK selective-disclosure proofs
  • Minting engine + batch processor
  • Cardano public proof NFT minting functionality

Adobe Commerce & Magento 2 Open Source Extensions + API

• ₳50,000
  • Full production extension (CE + EE)
  • Webhooks + cron capture
  • Admin UI for exports
  • Installation script & Adobe Marketplace package

SaaS Sign Up + Dashboard + Backend

• ₳30,000
  • MerchantSaaS sign-up flow
  • Merchant administration functionality within their eCommerce backend that allows them to export reports

QA, Security & Testing

• ₳20,000
  • Audits
  • Test suite
  • Penetration testing
  • Testnet pilots
  • Complience review

Docs, Marketing & Project Management

• ₳15,000
  • Technical documentation + API reference
  • Lie website
  • Catalyst reporting
  • Community updates
  • Marketing on the X platform
  • Marketing with the Adobe Partner Community and Adobe Marketplace
  • Project management (8 months)

Contingency & Infrastructure

• ₳14,998
  • Self Hosted Cardano + Midnight tools (node, DBSync, etc)
  • Internal tools
  • Buffers for scope changes

This project would cost $350K+ to develop commercially by a development agency

[Final Pitch] Value for Money

How does the cost of the project represent value for the Cardano ecosystem?

Value for Money

This project is an exceptional deal and funds an 8-month MVP delivering the worlds first production ready shielded transactional sales data system using Cardano and Midnight — a complete enterprise product would typicaly cost **$350k–$500k commercially.

Deliverables:

Adobe Commerce & Magento 2 Open Source extensions:

• $60–100K USD
• 1st on-chain sales verification for 25 % of global e-com ($173 B GMV)

Midnight shielded NFTs + ZK proofs:

• $80–150K USD
• Midnight’s flagship workload (5 M+ records Y1)

Cardano public proof layer:

• $20–30k USD
• Regulator proof anchor

Universal API (for other platforms such as SAP/NetSuite/Shopify, etc.):

• $40–80k USD
• Thousands of merchants

SaaS website, customer dashboards + exports:

• $50–100k USD
• Immediate revenue

Open Source contracts & documentation:

• $30–50k USD
• Reusable for supply-chain, healthcare, insurance

Total market cost:

• $280–510k USD
• Cardano ROI 2.3–4× leverage

Direct returns:

• Midnight’s largest shielded workload at launch
• $173+ Billion GMV integrated seamlessly with Cardano (Adobe Commerce alone)
• First court-admissible ZK tax evidence -> regulatory credibility
• Self-funding <12 months ($216K ARR at 60 merchants)
• OpenSource multiplier for the entire ecosystem

The winning funds for this proposal is seed capital with 10–50x return in adoption, TVL, legitimacy, and revenue.

No other F15 proposal delivers a complete, production ready enterprise product that jump-starts Cardano & Midnight, and becomes cash-flow positive in under a year. This is the highest-leverage proposal in the entire fund.

[Self-Assessment] Self-Assessment Checklist

I confirm that evidence of prior research, whitepaper, design, or proof-of-concept is provided.

Yes

I confirm that the proposal includes ecosystem research and uses the findings to either (a) justify its uniqueness over existing solutions or (b) demonstrate the value of its novel approach.

Yes

I confirm that the proposal demonstrates technical capability via verifiable in-house talent or a confirmed development partner (GitHub, LinkedIn, portfolio, etc.)

Yes

I confirm that the proposer and all team members are in good standing with prior Catalyst projects.

Yes

I confirm that the proposal clearly defines the problem and the value of the on-chain utility.

Yes

I confirm that the primary goal of the proposal is a working prototype deployed on at least a Cardano testnet.

Yes

I confirm that the proposal outlines a credible and clear technical plan and architecture.

Yes

I confirm that the budget and timeline (≤ 12 months) are realistic for the proposed work.

Yes

I confirm that the proposal includes a community engagement and feedback plan to amplify prototype adoption with the Cardano ecosystem.

Yes

I confirm that the budget is for future development only; excludes retroactive funding, incentives, giveaways, re-granting, or sub-treasuries.

Yes

[Required Acknowledgements] Consent & Confirmation

I Agree

Yes