Euclid Net-Cardano-Data Analytics

PROPOSAL IN DETAIL
The future is becoming fast and personalized. With the recent exponential increase in volume, velocity and/or variety of structured and unstructured information/data, big data has become the 'lifeblood' of the decision-making process, incite discovery and process of optimization. As the Fourth Industrial Revolution unfolds, a new world of work is emerging with major transformations in the global labour market, work tasks performed by humans, machines and algorithms driven by four major drivers of change, one of which is big data analytics. In light of the rapid changes in the workplace technologies, accelerated technology adoption is critical in achieving true personal, societal and national development. The industries such as the financial, health, education and government sectors, which generate high volumes of data have already begun to depend on data analytics, the science of analysing large volumes of data in order to arrive at a profitable/optimal solution, since the techniques used in data analytics help reveal trends and metrics that would otherwise be lost in the mass of information.
With ever increasing volumes of data, the role of data analytics evolves and broadens in its scope, creating a high demand for 'data analytics products and services.'. However, at present there is an acute shortage of data scientists and companies related to data analytics globally, a serious constraint in many sectors. Furthermore, the volumes of data generated by many sectors will challenge all types of job roles and it is expected that in another 5 years almost all job roles will require knowledge of data analytics.
However, although data analytics provides many benefits to users such as lower the costs and increase in return of investment, many developing countries have not yet experienced the full potential of using data analytics in decision-making processes. This is due to the traditional, centralized and monopolistic administrative nature of the government and non-government/private organizations in these countries. As a result, this has led to high occurrences of bribery, corruption, fraud and anti-money laundering issues in the developing world. On the other hand, data misuse violating data security and authenticity have become serious issues in the field of data analytics not only in developing countries but also throughout the world. Due to these reasons, many countries have been compelled to enact legislation to pass to ensure data protection and data sovereignty. These factors have led the data analytics industry to be expensive and unaffordable and hence not accessible to many in the society, especially in the developing world while losing the general public's complete trust on the data analytics industry.
To overcome the above problems, we propose to establish a socially responsible Cardano blockchain technology based cost effective data analytics start-up company in Sri Lanka, with the intent of serving the public and the government in the fields of finance, wild-life ecology, supply chain management, traffic control systems, health and education sectors. The DApps our company will develop provide decentralized real-time data related products and services. Real-time data use allows the user to obtain business insights immediately after the data enters the database.
Adopting Cardano blockchain technology with its 'intrinsic properties' such as decentralization, scalability, data security and authenticity is necessary to ensure trust and safety of the data that belongs to the general public (citizens), which gives them absolute control and accountability in their decision-making processes. This will minimize the influence of monopolists and their exploitation in the data analytics market. Moreover, developing this type of a model will promote financial discipline among the 'common man' (middle class) which leads to elevate their social stability. Furthermore, at present, Cardano blockchain technology is unknown to the majority of people in Sri Lanka including very established and well-known entrepreneurs. Hence, our company (Euclid Net) will act as the gateway in bringing Cardano blockchain technology and its benefits to Sri Lanka. Adopting Cardano blockchain in the Sri Lankan entity will also inspire and popularize the use of Cardano blockchain technology in all other South Asian countries which again will lead to the growth of the Cardano ecosystem.

Our Mission
To provide Cardano blockchain technology based cost effective and secure products and services (DApps) related to real-time data analytics to the general public and thereby elevating their social stability and reinforce the growth of the Cardano ecosystem.

Our Vision
To empower the society and government by providing affordable and secure products and services related to real-time data analytics using Cardano blockchain technology (DApps) to make meaningful and profitable decisions in day-today life.

KEY PERFORMANCE INDICATORS
1. Obtaining the Business Registration Number within the first 2 months
2. Launching the website within the first 3 months
3. Establishing the Research & Development department within 6 months
4. Promoting the company through social media within the first 3 months.

Establishing the company will occur within 6 months following receipt of funding.
The founding members request funding to fulfil the budget requirements mentioned below to establish the company.
All founding members are fully aligned and committed to achieving the goals on time and within the requested budget.

BUDGET
Legal and Business Registration and development - USD 1865.00
Website design, development, hosting and maintenance - USD 795.00
Utilities (internet for 6 months) - USD 500.00
Establishing the Research and Development department and hiring interns for 6 months - USD 840.00
TOTAL COST USD 4000.00