Home Funds overview Fund7 F7: New SPO Business Opportunities

ID: #700111 | Status:

Complete

Last updated a year ago

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Establish SPO 2.0 Blueprint

Problem

Cardano has an impressive number of SPOs, but not all are successful. There is also a strong narrative that it is too late to get started

Solution

We will proof that it is not too late to start as SPO. Considering learnings, networking and experience we will create a SPO 2.0 Blueprint

Total to date

This is the total amount allocated to Establish SPO 2.0 Blueprint.

$25,000

Total funds requested

Distributed: $25,000

Remaining: $0

Complete

In progress

To be completed

288

Total votes cast

₳95.6M

Votes yes

₳10.9M

Votes no

About this idea

Summary for Community Advisors:

1) Our Proposal in a Nutshell: A lot of SPO-relevant knowledge has been gathered within the Cardano community. We want to utilize our specific knowledge in business-model & business-value design. Our goal is to create a generic and comprehensive Blueprint of how to successfully finance, start and successfully operate a Cardano Stakepool. We want to provide the proof that it is not too late for joining the SPO community and explore new SPO business opportunities. This proposal is also utilizing the findings of in-depth EU-legislation analysis, specifically findings regarding PoS, staking and some newly emerging SPO activities like e.g. IPSO (Initial Stakepool Offering). Our goal is to make our BLUEPRINT EU-compliant, this building a sustainable stakepool of the future.

2) Impact: This proposal combines the findings of a number of initiatives from inside and outside the Cardano ecosystem. This makes one of our DLT360 paradigms quite visible: Guidelines and Blueprints are most beneficial, when established in a practical, result-oriented inter-disciplinary combined context. This means in our case here: Using multiple findings as input to creating a practical BLUEPRINT for a successful SPO of the future. This BLUEPRINT is the basis for for setting up and running a future-proof and regulation-compliant stakepool. For more details please refer to our WEB-Site and/or to our Business Model Canvas section below.

3) Feasibility: This proposal is part of a bigger picture. Our DLT360 team has started its journey after being funded in fund 6 with one of our major services: The DLT360 Risk and Opportunity Radar. Based on this funding, we have implemented a small operational core-team. We are furthermore growing an extended team of inter-disciplinary domain-experts from the Catalyst community, industry and academia for adding their knowledge on demand (For more details please refer to our WEB-Site and/or to our Business Model Canvas section below).

4) Audibility: Our Business Model Canvas section outlined below contains major activities, milestones, deliverables, roadmap and costs. Due to various projects being interlinked and due to the overall complexity of proper planning and tracking, we do this in our DLT360 - MIRO environment. We offer on-demand visits to these MIRO boards for deeper-going discussions during the assessment phase. Due to already running a fund 6-funded project, we are part of the Catalyst Coordinator Process and acquainted with the relevant reporting processes.

Please note: We are applying a best-practice Business Model Canvas approach. We have added tags to our details below, hoping that the Catalyst-funded 'The Great Filter' application will be able to identifying the required sections in our text.

Business Model Canvas - Section containing further details(Our Canvas is maintained in DLT360 MIRO environment, access upon request)

This proposal is part of a bigger picture. Our DLT360 team has started its journey after being funded in fund 6 for one of our major services: The DLT360 Risk and Opportunity Radar. Fund 6 is about establishing this foundational framework for professional risk (and opportunity) management. With this new fund 7 proposal, we are utilizing the acquired knowledge for creating practical Implementation Blueprints and Consulting Artifacts. Points 1 to 5 of our Business Model Canvas are therefore explaining the bigger picture, while points 6 to 9 and the listed activities, milestones, deliverables, roadmap and costs are kept very specific to this project.

1) Customer Segments / Target Groups

Primary Clients: Persons, organizations working on establishing a Cardano stakepool
Secondary Clients: Consulting partners, DLT-relevant public, selected high-quality YouTube channels, universities, regulatory bodies

2) Value Proposition

Dependent of the above listed customer-segments, we see our value proposition as following (more details in MIRO):

Providing very practical and hands-on and inter-disciplinary SPO 2.0 BLUEPRINT
Feeding back additionally gained knowledge to our DLT360 Risk and Opportunity Radar

3) Distribution Channels

Depending on customer-segment and corresponding value-proposition, the following delivery channels will be used:

Document, presentation and videos with SPO 2.0 Implementation Blueprint
Case-by-case: In person presentations and consulting support

4) Customer Relationship

This project requires a one-time-effort. After this initial effort and the related initial funding, this will become part of our overall DLT360 activities. For these overall activities we are lobbying for stable service and consulting agreements with the Cardano community and other clients (see also our related Fund 8 Challenge Setting proposal).

5) Revenue Structure

This project must be seen in the context of our overall DLT360 revenue stream planning. During this early stage of our DLT360 startup, we are fully focusing on servicing the Cardano Community. This project will provide additional revenue streams from collaborating with SPO, SPO startups and related consultants For the overall journey we are applying a careful 'Lean Startup' approach. This means that we will plan, check and iteratively adjust our Business Model according to our learnings, documented in our MIRO environment. For the time after Q2 2022, we see the following approaches regarding securing sufficient revenue streams for maintaining and growing our services as well as the required expert team and network.

6) Key Activities

This project requires the following specific key-activities

Designing the blueprint approach in interaction with other projects and experts
Domain-expert validation of the design-concept
Performing the basic inter-disciplinary research
Analyzing and bringing the findings into the blueprint frame
Quality checking & releasing of results, documents and reporting by senior domain experts
Targeting for applying the Blueprint in a practical pilot-implementation-project (not part of this proposal)

7) Key Resources

DLT360 is built by a small core-team and a flexible team of highly renowned domain experts as well as a scalable network of contributors from the Cardano community, from academia and from industry. For this specific project we will need the following key resources

Overall lead and representation (handled by Heinz Gassner)
Project Management: Coordination of execution, collaborating within our team and with external teams & network members (covered by Jonas Weinberger and Guilherme Peirera)
Back-office work, editing of Risk & Opportunity Radar information objects (assistant job, located in Sao Paulo, Brussels or Malta)
Inter-disciplinary researchers and application team: (mainly alumni and active students)
Domain Experts: Various, inter-disciplinary renowned domain experts, please see the current status on our website

For an always up-to-date-info about our team, please consult our WEB-Site:

Heinz Gassner, Malta, with more than 30 years of industry-leadership experience http://linkedin.com/in/heinz-gassner-9540a241
Jonas Weinberger, Brussels, Student and assistant at the Brussels School of Governance:
http://linkedin.com/in/jonas-weinberger-0b14801ba
Guilherme Peirera, Sao Paulo, Student and assistant at SENAI Institute: http://linkedin.com/in/guilherme-pereira-da-silva-977a361a3
Etienne Marais, student at Versalius College, Brussels: http://linkedin.com/in/etienne-marais-0845a3224
Backoffice resource to be defined
Michiel Van Roey, DLT Regulation expert, co-founder of PROFILA: http://linkedin.com/in/michielvanroey
Dr. Joshua Ellul acting as Senior Academic Advisor, Director of DLT Center at University of Malta: http://linkedin.com/in/joshuaellul
Additional domain experts of DLT regulation (for always latest updates see our WEB-Site)

8) Key Partners

We are partnering with other Catalyst projects and proposers in the related field. Please find them always up-to-date on our WEB-Site. We will definitely also closely collaborate with experienced SPO experts within the Cardano community

9) Cost Structure

We make sure to avoid redundancies by partnering and integrating as many elements form other initiatives as possible. By networking with universities, active students and alumni, we are approaching our projects in a very cost-conscious way. Based on our listed key-activities and key-resources, we plan with the following costs (please note that we are in progress of setting up a formal company body and need to follow the strict European tax regulations):

Project Management (50 hours for USD 50/h = USD 2.500)
Backoffice work (125 hours for USD 20/h = USD 2.500)
Research: Major parts handled in form of student-internship arrangement (USD 5.000)
Analysis, collaboration and establishing the BLUEPRINT document (200 hours for USD 50/h = USD 10.000)
Quality checking by domain experts (40 hours for USD 100/h = USD 4.000)
Final reporting support by senior domain experts, including pre and after-work (5 hours for USD 200/h = USD 1.000)

Roadmap, Milestones and Deliverables

Due to the strong linkage with other activities of the DLT360 and the lacking graphics-integration in IDEAscale, all details are maintained in our MIRO environment. The plan below is just an orientational overview-listing:

FEB 2022 Getting started, project formation
FEB -MAR 2022 Design of research, scouting for synergies with other projects, quality check of research design
3-Months MILESTONE: Ready for starting with legal research
MAR - JUN 2022 Basic research
JUN - AUG 2022. Analysis, establishing blueprint and also integration into Risk & Opportunity Radar, quality check
6-Months MILESTONE: First complete (draft) version of Blueprint available, one pilot application identified
12-Months Success: > 10 major SPO, SPO startups having used / planning to use the Blueprint (pipeline status)

KPI Progress and Success Measurement

KPI 1: Progress of required inter-disciplinary research (0-100 %)
KPI 2: Progress of establishing the BLUEPRINT (0-100%)
KPI 3: Quality-check and community-feedback score (0-100%)
KP! 4: Timely identification of pilot applicatioin (yes/no)
KPI 5: Number of candidate-applications for applying the BLUEPRINT (number)
KPI 6: Number of consulting entities planning to apply the BLUEPRINT (number)

Monthly report

NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here

September 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

August 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

July 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

June 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

Continued work during June (please note: work slowed down between Mid-May until Mid-June due to overload with product releases, market-activities and the closing of other projects): 1) In the legal perspective, this work is building upon the findings of our other fund 7 project (700113 - Examine PoS-Advantages of Cardano). 2) Further discussions about future value propositions of small independent stake pools in the context of collaborative networks with business & industry - with the goal to identify several promising and new revenue-stream-pillars for such SPO. 3) Continuing the work on a state-of-the-art Business Model Canvas for outlining all business model, including a Marketing/PR concept, and (small scale) Enterprise Architecture integration. Business Opportunity analysis by researching upcoming roles and opportunities, risks, costs and revenue-streams of small stakepool operators. We envision a network of (managed), decentralised, independent, small stake pool operators, preferably with bare-metal server installation (respectively sufficiently decentralised datacenter utilisation). 4) Summarising the findings in a SPO2.0 Whitepaper (we might call it Blueprint at the end, depending on how generic we can get).

Evidence

https://dlt360.io

Explanation

Link to DLT360 NAVIGATOR: We will integrate this into our ECONOMY segment. Please note: Still not much progress made during June, as we had so many other projects to close - We will focus on closing this project during July.

May 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

Continued work during May (please note: work pausing after Mid-May until Mid-June due to overload with product releases, market-activities and the closing of other projects): 1) In the legal perspective, this work is building upon the findings of our other fund 7 project (700113 - Examine PoS-Advantages of Cardano). 2) Further discussions about future value propositions of small independent stake pools in the context of collaborative networks with business & industry - with the goal to identify several promising and new revenue-stream-pillars for such SPO. 3) Continuing the work on a state-of-the-art Business Model Canvas for outlining all business model, including a Marketing/PR concept, and (small scale) Enterprise Architecture integration. Business Opportunity analysis by researching upcoming roles and opportunities, risks, costs and revenue-streams of small stakepool operators. We envision a network of (managed), decentralised, independent, small stake pool operators, preferably with bare-metal server installation (respectively sufficiently decentralised datacenter utilisation). 4) Summarising the findings in a SPO2.0 Whitepaper (we might call it Blueprint at the end, depending on how generic we can get).

Evidence

https://dlt360.io

Explanation

Link to DLTR360 NAVIGATOR: We will try to integrate this into our ECONOMY segment in the coming days. Please note: Still not much progress made during May, as we had so many other projects to close - We will focus on closing this project during second half of June and early July.

April 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

Continued work during April (not much progress, as we had to focus on closing other projects first): 1) In the legal perspective, this work is building upon the findings of our other fund 7 project (700113 - Examine PoS-Advantages of Cardano). 2) Scouting for a role within a collaborative network of business & industry applications - there might arise interesting business cases for small independent stake pools. 3) Drafting a state-of-the-art Business Model Canvas for outlining all business model, including a Marketing/PR concept, and (small scale) Enterprise Architecture integration. Business Opportunity analysis by researching upcoming roles and opportunities, risks, costs and revenue-streams of small stakepool operators. We envision a network of (managed), decentralised, independent, small stake pool operators, preferably with bare-metal server installation (respectively sufficiently decentralised datacenter utilisation). 4) Summarising the findings in a SPO2.0 Whitepaper (we might call it Blueprint at the end, depending on how generic we can get).

Evidence

https://dlt360.io

Explanation

Linki to DLTR360 NAVIGATOR: We will try to integrate this into our ECONOMY segment in the coming days. Please note: Not much progress made during April, as we had so many other projects to close - We will focus on closing this project during May.

March 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

February 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

January 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

Continued work during January: 1) In the legal perspective, this work is building upon the findings of our other fund 7 project (700113 - Examine PoS-Advantages of Cardano). 2) Defining the scope: Focusing on decentralised and small stake pool operators, preferably with bare-metal server installation, respectively sufficiently decentralised datacenter utilisation. 3) Business Opportunity analysis by researching upcoming roles and opportunities, risks, costs and revenue-streams of small stakepool operators. 4) Drafting a state-of-the-art Business Model Canvas for outlining all business model, including a Marketing/PR concept, and (small scale) Enterprise Architecture integration 5) Summarising the findings in a SPO2.0 Whitepaper 6) We are currently also working on drafting a closeout Report and Video For achieving better overall understanding of our work, the closeout of this project will be done in a 'closeout cluster' (target is during FEB 2023 / Beginning of March) with the following other projects: - This project: 700111 - Establish SPO 2.0 Blueprint (Business-related Navigator content) - 700113 - Examine PoS-Advantages of Cardano (LEGAL Navigator content) - 800152 - DLT360: China Industry Application (Business-related Navigator content) - 800151 - DLT360: Agriculture and Metaverse (Business-related Navigator content) - 800156 - DLT360: Metaverse Interoperability (Technology-related Navigator content)

Evidence

https://dlt360.io

Explanation

Our WEBSITE provides access to our Whitepaper (explaining DLT360 in detail) and to the DLT360 NAVIGATOR. As we work on a rather big overall startup, we will provide a consistent explanation in our Closeout Video. This will allow the community to better understand what we are aiming for and how this project contributes to our ambitious activities.

December 20, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Summary

Our Fall 2022 / December focus (no funding was requested for October & November): 1) In the legal perspective, this work is building upon the findings of our other fund 7 project (700113 - Examine PoS-Advantages of Cardano). 2) Defining the scope: Focusing on decentralised and small stake pool operators, preferably with bare-metal server installation, respectively sufficiently decentralised datacenter utilisation. 3) Business Opportunity analysis by researching upcoming roles and opportunities, risks, costs and revenue-streams of small stakepool operators. Next steps: - Drafting a state-of-the-art Business Model Canvas for outlining all business model details - Drafting a Marketing/PR concept - Defining major business process model and (small scale) Enterprise Architecture - Summarising the findings in a SPO2.0 Whitepaper

Evidence

https://dlt360.io

Explanation

Link to our WebSite. Here you can sign up and access the MVP version of the DLT360 NAVIGATOR for clicking through all the project-related content. In our closeout video we will explain, how this can be effectively and efficiently be used for learning about establishing a compliant stake pool in Europe. On our Website you can also find our VIDEO and our DLT360 Whitepaper that explains all details of how we integrate all our funded projects into our overall approach (DLT360 NAVIGATOR, WEB3.0 Innovation).

November 28, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Summary

No funding instalment for this specific project requested for this month, as we were mainly working on: 1) Integrating our various projects (and content) into our overall overall DLT360 NAVIGATOR environment (based on GitHub, OBSIDIAN, ZOTERO and specific applications on our WEB-site) 2) Refining our overall processes, tools and team-setup for securing longterm success 3) Focusing on getting the overall DLT360 Whitepaper done and finalise our company foundation (Hong Kong Limited Company).

Evidence

https://dlt360.io

Explanation

Please visit our WebSite and download our Whitepaper and take a glance on our onboarding video. The DLT360 Navigator will be live before end of the year.

October 25, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Summary

Evidence

https://dlt360.io

Explanation

Link to our (pre-MVP) Website with the DLT360 NAVIGATOR, where all the elaborated content is currently integrated.

September 25, 2022 Progress report

Status:

On track: No

Estimated completion date: -

Summary

This project runs in parallel and partially builds upon our other project ('Examine PoS-Advantages of Cardano' with projects ID 700113). Please find our current activities-report below: 1. Reviewing of the result of phase 1 before June 2022 (where we did the pre-work in MIRO and in our original SaaS-Tool licensed from ITONICS). 2. Bi-weekly working-group sessions (under the guidance of our domain experts Maury Shenk and Michiel Van Roey) and active work by our regulatory workstream team with Jonas Weinberger, Victor Cabral and 3 student contributions between these review sessions. Working on broad literature study and interaction with universities and experienced legal practitioners. Establishing basic underlaying material (see e.g. attached article) 3. Currently we are working on deeper technical analysis of the different PoS approaches (especially in the context or the ETH Merge, which is making substantial risks visible and allows for establishing differentiating benefits of e.g. the OUROBOROS approach). The emphasis goes on shaping a small and independent stake pool equipped with 'bare-metal-servers' and ideas of how maintenance can be 'pooled' without jeopardising the independence of these small stake pools (see also point 4 below). 4. The legal and technical perspective is complemented by our current focus on a modular business model for small and independent SPOs. We are outlining modular revenue streams and working on a franchise-style model for simplifying technology maintenance without jeopardising the independence of these small stake pools. Our conceptualising also includes global fundraising for e.g. establishing highly decentralised SPO structures in developing countries based on a legally acceptable and non-controlling crowed funding. 5. We assume that this project will be closed by December 2022.

Evidence

https://www.dlt360consulting.com

Explanation

This is a link to our WEB-Site, which will be one of our main experience and delivery channels of the future (just to give you a first glance, our detailed content-work is done on GitHub and can be shown on demand). The WEB-Site provides access to the DLT360 Navigator, Risk & Opportunity Radar and to advanced content. Besides this, we are preparing to run specific COHORT Programs for startups, business and industry (this project will provide content and material specifically for the further business-development of independent SPOs).

June 24, 2022 Progress report

Status:

On track: No

Estimated completion date: 09/30/2022

May 24, 2022 Progress report

Status:

On track: No

Estimated completion date: 09/30/2022

April 24, 2022 Progress report

Status:

On track: No

Estimated completion date: 09/30/2022

March 24, 2022 Progress report

Status:

On track: No

Estimated completion date: 09/30/2022

Team

More than 30 years of industry-leadership experience together with a flexible core-team and a network of renowned domain experts

heinz.gassner

dlt360consulting

Website:https://www.dlt360consulting.com

All funds

Establish SPO 2.0 Blueprint

Problem

Solution

Total to date

About this idea

Monthly report

September 20, 2023 Progress report

August 20, 2023 Progress report

July 20, 2023 Progress report

June 20, 2023 Progress report

May 20, 2023 Progress report

April 20, 2023 Progress report

March 20, 2023 Progress report

February 20, 2023 Progress report

January 20, 2023 Progress report

December 20, 2022 Progress report

November 28, 2022 Progress report

October 25, 2022 Progress report

September 25, 2022 Progress report

June 24, 2022 Progress report

May 24, 2022 Progress report

April 24, 2022 Progress report

March 24, 2022 Progress report

Team

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