Home Funds overview Fund8 F8: Cross-Chain Collaboration

ID: #800156 | Status:

Complete

Last updated 10 months ago

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DLT360: Metaverse Interoperability

Problem

Without basic definitions and cross-chain interoperability, WEB 3.0 and Metaverse will just be empty marketing buzzwords

Solution

We want to research current status and outline definitions and approaches for future cross-chain interoperability

Total to date

This is the total amount allocated to DLT360: Metaverse Interoperability.

$25,000

Total funds requested

Distributed: $25,000

Remaining: $0

Complete

In progress

To be completed

216

Total votes cast

₳44.1M

Votes yes

₳14.8M

Votes no

About this idea

blockchain collaboration cross-chain decentralization interoperability nft scaling security smart-contract

[IMPACT]

As in all waves of radical innovation before, there are honest and meaningful players, willing to build something solid for the long-term future. As before, there are also the ones aiming for quick wins at any cost, ready to cheat the uninformed majority. DLT/Blockchain, WEB3.0 and Metaverse can be both: Empty and misused buzzwords or challenging concepts with enormous potential. In order to get to tangible progress, we decided to structures this still very fuzzy topic into 4 main perspectives:

1) Investigating the governance aspect

2) Investigating taxonomy and delinitions

3) Investigating status and concepts of Interoperability

4) Investigating the neccesary technical reqiirements behind WEB 3.0 and the Metaverse.

This proposal is about the third aspect: Interoperability. We will do our investigation in a way that this becomes systematic part of our overall DLT360 approach.

Please note: This proposal is part of a bigger picture:

The basic setup of the DLT360 Risk & Opportunity Radar was funded in fund 6 and greatly supported by a number of projects in fund 7. Fund 8 will hopefully let us continue and finally get to the status of mature, subscription-based services. Our initial work of fund 6 will be completed by approximately end of Q1/2022 with a first 360-degree roundtrip-video and roundtrip-presentation.

Why are we doing all this?

Cardano - similar to successful professional companies - needs to continuously investigate facts, trends, risks and opportunities. In commercial companies, this is typically done by independent risk-management entities reporting directly to the C-suite. With our services, we want to support Cardano in

Making sure that the millions (billions) are wisely invested
Enabling the future dREPs and Cardano governance-bodies in making data & fact based decisions
Having major trends, risks and opportunities precisely analysed and visualised (collecting from a multitude of sources)
Demonstrating this carefulness to regulatory bodies and professional clients (e.g. governments and corporations who rely on Cardano as public, permissionless blockchain)
Benefitting form continuously updated interdisciplinary perspectives in a PESTELE format (Politics, Environment/Health, Social/Reputation, Technology, Ethics, Legal, Economy/Business/Application Portfolio).

We are currently presenting our activities in form of single projects, hoping to overcome this stage with fund 9. At the end of 2022, we want to be a subscription-based service, also available to outside-Cardano clients worldwide (like commercial companies), becoming economically successful and independent from the initial Catalyst startup funding. Please also check and support our proposal for future subscription-based funding (Proposed F9 Challenge Setting:

https://cardano.ideascale.com/c/idea/400085).

We see the following aspects contributing specifically to this challenge setting:

Interoperability is key for getting to a WEB3.0 and Metaverse future without dropping all promises along the road
This proposal is not an isolated effort, but is part of an overall DLT360 approach
We are actively reaching out to relevant initiatives inside and outside the Cardano world
We will apply a very practical approach for understanding the risks and opportunities of cross-chain interoperability

No specific challenges and risks, as we are handling this as part of our ongoing DLT360 journey. Main challenge comes form the need to pack our activities into single projects, but we hope to overcome this stage with Fund 9.

At the end of 2022, we want to be a subscription-based service, also available to outside-Cardano clients worldwide (like commercial companies), becoming an economically successful service-provider, independent from the initial Catalyst startup funding.

[FEASIBILITY]

The DLT360 team is applying a Business Model Canvas (in MIRO) for continuously optimising the overall business model approach. As most of our activities are highly interlinked, we see overlapping as well as specific elements when looking at the business model canvas project-by-project. Therefore, this part contains both: Generic and specific elements:

1) Customer Segments / Target Groups (generic for DLT360)

CARDANO Community
CARDANO-related projects in the need to perform ongoing risk & opportunity management
Selected industry-clients, major consulting firms, universities, regulatory bodies, DLT-relevant public, selected high-quality YouTube channels and more.

2) Value Proposition (generic for DLT360)

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

Inter-disciplinary & contextualised inputs as basis for improvement proposals and for effective and efficient lobbying
Enabling professional risk-management frameworks (e.g. ISO 31000 compliant)
Creating value-adding Implementation Whitepapers, Yellowpapers, Blueprints and Consulting Artifacts

3) Distribution Channels (generic for DLT360)

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

DLT360 WEB-site with a public and a subscription-based area
Quarterly online-live and video-recorded reporting based on the DLT360 Risk & Opportunity Radar
Based on case-by-case agreement: In-person presentations e.g. on selected community events or summits
Integration into various Implementation Whitepapers, Yellowpapers, Blueprints and Consulting Artifacts
Academic papers and submission of commentaries

4) Customer Relationship (generic for DLT360)

After handling our startup-activities based on fund 6 and on investments from Heinz Gassner, the fund 7 and fund 8 funding allows us to deepen our content-creation and to grow our team. Based on demonstrating the value we create, we are aiming for subscription-based service agreements in the future. The relationship with outside-Catalyst clients will be based on such subscription-based services and on specific project-based agreements.

5) Revenue Streams (generic for DLT360)

During this early stage of our startup, we are fully focusing on servicing the Cardano Community. The fund 6 and fund 7 funding of our basic DLT360 Risk & Opportunity Radar will lead to delivering 2 quarterly reporting events (end of Q1 and end of Q2 2022). This specific fund 8 project will not be separately considered in terms of a revenue stream. We are applying a careful 'Lean Startup' approach during our journey for planning, checking and iteratively adjusting our Business Model according to our learnings, all documented in our MIRO environment. For the time after Q3 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:

We have posted a specific Fund 9 Challenge Setting Proposal for simplified and more reliable subscription-based funding (Please check and support our proposed F9 Challenge Setting: https://cardano.ideascale.com/c/idea/400085).

For outside-Catalyst-clients we plan to implement a revenue-ladder-model with basic content free of charge (as appetiser) and stepping-up subscription models for additional access

Specific Consulting Artifacts and specific in-depth research for e.g. industry-clients will be charged separately

6) Key Activities, Roadmap and Deliverables (now specific to this project)

This proposal is driven by the Technology Team of DLT360. This project requires the following specific key-activities - all during Q3 / 2022:

Participation in the weekly meetings of DLT360 Teams
Active efforts to integrate other projects and cooperation-partners form inside and outside Cardano
Perform a literature review and expert interviews
Analyse findings and summarise in document (most likely an academic paper together with University of Malta)
Supporting integration into DLT360 Risk & Opportunity Radar
Active role in sharing/discussing the content during the current quarter

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 calculate with taxation according to applicable law):

Overall project management, updates on MIRO (10 hours for USD 50/h) = USD 500,00
Communication, social media and backoffice support (20 hours for USD 25/h) = USD 500,00
Participation in the 2-weekly meetings of DLT360 Technical Team (50 hours for USD 75/h) = USD 3.750,00
Active cooperation with partners form inside and outside Cardano (50 hours for USD 75/h) = USD 3.750,00
Perform a literature review and expert interviews (100 hours for USD 50/h) = USD 5.000,00
Analyse findings and summarise in document (200 hours for USD 50/h) = USD 10.000,00
Supporting integration into DLT360 Risk & Opportunity Radar (10 hours for USD 50/h) = USD 500,00
Active role in sharing/discussing the content during the current quarter (20 hours for USD 50/h) = USD 1.000,00

This specific team is composed as following:

Overall lead: Heinz Gassner, Malta, with more than 30 years of industry-leadership experience: http://linkedin.com/in/heinz-gassner-9540a241
Senior Academic Advisor: Joshua Ellul, Director of DLT/Blockchain Institute, University of Malta, linkedin.com/in/joshuaellul
Project Management: Guilherme Peirera, Sao Paulo, http://linkedin.com/in/guilherme-pereira-da-silva-977a361a3
Content Coordinator: Jonas Weinberger, Brussels, Student and assistant at the Brussels School of Governance: http://linkedin.com/in/jonas-weinberger-0b14801ba
Researcher 1: University of Malta Student (DLT/Blockchain Interoperability-specialized)
Researcher 2: University of Malta Student (DLT/Blockchain Interoperability-specialized)
Radar Tool Implementation: Elias Nassall, Student in Security Management, Berlin, https://www.linkedin.com/in/elias-nassall-227858231/
Communication, social media and Back-office: Eduardo Nunes, Sao Paulo

[AUDITABILITY]

Most of our DLT360 projects are highly interlinked and we handle the overall planning and tracking in our DLT360 - MIRO environment. Due to already running our fund 6 and fund 7 funded projects that way, we are well familiar with Catalyst Coordinator and acquainted with the relevant reporting processes. We are tracking our progress as following:

KPI Progress and Success Measurement (for our activities during Q3 of 2022)

KPI 1: Progress of activities as outlined above (0-100%)
KPI 2: Number of partners and interacting projects / initiatives (number).
KPI 3: Passing academic quality check (Y/N)
KPI 4: Overall Ratings of the Result (NPS)

Our Definition of Done and our success criteria by end of Q3 of 2022 are derived from the above listed KPI measurement:

Progress of activities as outlined above (0-100%)
Number of major partners and interacting projects / initiatives (> 5).
Passing academic quality check (Y)
Overall Ratings of the Result (>8)

This is a new proposal.

SDG Rating

To be completed.

Monthly report

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

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

During June we used the elaborated status and did various meetings for gathering feedback. This was feedback from experts familiar with other ecosystems and experts from University of Malta. We are still missing 2 feedbacks and - based on all this - will work on finalising this project in July.

Evidence

https://dlt360.io

Explanation

Link to our Website and the DLT360 NAVIGATOR. We will implement the results of this project during the coming weeks.

May 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

We continued our work during May, but with lower than expected speed (due to delays with other projects, consuming most of our resources): 1) Establishing a first concept for making the results of this project to be a focused SEMINAR (about 2 hours). According to the feedback we are getting from business and industry players, people might not be motivated to read any 'papers'. We are therefore shifting towards a much more active concept with live and online seminars, where we actively present the topic and include Q&A. We think that this will therefore result in an approx. 100 slide presentation instead of a 'passive' Whitewater. We will also include a seminar recording on our video channels for making the results longer-term usable. - ONGOING - 2) Continue literature review in cooperating with University of Malta. Collecting reference material in ZOTERO. A key challenge is the lack of clear terminology and definitions. NEW FOCUS: RESEARCH THE ROLE OF AI IN SEMANTIC WEB APPLICATIONS. - ONGOING - 3) Continue legal research from the EU-perspective. Looking at DLT/Blockchain regulation as well as at the impact of IPR and of the new EU-DMA (Digital Markets Act) on Metaverse concepts. ADDITIONAL FOCUS: INTEGRATE THE EMERGING AI REGULATION. - ONGOING - 4) Checking the most important prerequisites for getting business and industry into using Metaverse applications (Decentralized Digital Identity, WEB3.0 foundation, responsible AI approaches, interoperability and more). - ONGOING - 5) Checkup of existing Digital Transformation Tech-Stacks in industry (based on traditional WEB2.0 and SaaS approaches) and EA (Enterprise Architecture) solutions. This is important for finding out, which interoperability WEB3.0-based Metaverse solutions need to observe in order to be usable under given context in business and industry. - ONGOING - 6) Checking the most important Metaverse-based business opportunities for outlining, which ecosystems will most likely emerge. This is another indicator for understanding, what degree of interoperability will be required. - ONGOING - 7) Drafting the Metaverse segment and the Interoperability segment in the TECH section of the DLT360 NAVIGATOR by implementing our findings into our GitHub content repository and our OBSIDIAN environment. - ONGOING -

Evidence

https://dlt360.io

Explanation

Link to our Website and the DLT360 NAVIGATOR. We will implement the results of this project during the coming weeks.

April 20, 2023 Progress report

Status:

On track: No

Estimated completion date: -

Summary

Restarting work during April 1) Continue literature review in cooperating with University of Malta. Collecting reference material in ZOTERO. A key challenge is the lack of clear terminology and definitions. 2) Continue legal research from the EU-perspective. Looking at DLT/Blockchain regulation as well as at the impact of IPR and of the new EU-DMA (Digital Markets Act) on Metaverse concepts. 3) Checking the most important prerequisites for getting business and industry into using Metaverse applications (Decentralized Digital Identity, WEB3.0 foundation, responsible AI approaches, interoperability and more). 4) Checkup of existing Digital Transformation Tech-Stacks in industry (based on traditional WEB2.0 and SaaS approaches) and EA (Enterprise Architecture) solutions. This is important for finding out, which interoperability WEB3.0-based Metaverse solutions need to observe in order to be usable under given context in business and industry. 5) Checking the most important Metaverse-based business opportunities for outlining, which ecosystems will most likely emerge. This is another indicator for understanding, what degree of interoperability will be required. 6) Drafting the Metaverse segment and the Interoperability segment in the TECH section of the DLT360 NAVIGATOR by implementing our findings into our GitHub content repository and our OBSIDIAN environment. 7) Ideating / drafting the resulting Whitepaper or Working-Paper, which also contains recommendations regarding how to approach Metaverse concepts for the main application clusters in business and industry (including the major opportunities and risks), with a main focus of interoperability-criteria and interoperability-solutions.

Evidence

https://dlt360.io

Explanation

Link to our Website and the DLT360 NAVIGATOR. We will implement the results of this project during the coming weeks.

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 (see also last monthly report) 1) Continue literature review in cooperating with University of Malta. Collecting reference material in ZOTERO. A key challenge is the lack of clear terminology and definitions. 2) Continue legal research from the EU-perspective. Looking at DLT/Blockchain regulation as well as at the impact of IPR and of the new EU-DMA (Digital Markets Act) on Metaverse concepts. 3) Checkup of existing Digital Transformation Tech-Stacks in industry (based on traditional WEB2.0 and SaaS approaches) and EA (Enterprise Architecture) solutions. This is important for finding out, which interoperability WEB3.0-based Metaverse solutions need to observe in order to be usable under given context in business and industry. 4) Clustering the most important Metaverse-based business opportunities for outlining, which ecosystems will most likely emerge. This is another indicator for understanding, what degree of interoperability will be required. 5) Completing the Metaverse segment and the Interoperability segment in the TECH section of the DLT360 NAVIGATOR by implementing our findings into our GitHub content repository and our OBSIDIAN environment (internal working environment also on MIRO). 6) Summarising the findings in a related Whitepaper or working paper, which also contains recommendations regarding how to approach Metaverse concepts for the main application clusters in business and industry (including the major opportunities and risks), with a main focus of interoperability-criteria and interoperability-solutions. 7) 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: 800156 - DLT360: Metaverse Interoperability (Technology- related content) - 800151 - DLT360: Agriculture and Metaverse (Business-related NAVIGATOR content) - 800152 - DLT360: China Industry Application (Business-related Navigator content) - 700111 - Establish SPO 2.0 Blueprint (Business-related Navigator content) - 700113 - Examine PoS-Advantages of Cardano (LEGAL Navigator content)

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 conceptualising future-proof, interoperable Metaverse solutions for business and industry. This know-how will also be used in our WEB3.0 Innovation Accelerator Cohorts for commercial clients. 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).

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. Conducting literature review in cooperating with University of Malta. Collecting reference material in ZOTERO. A key challenge is the lack of clear terminology and definitions. 2. Legal research from the EU-perspective. Looking at DLT/Blockchain regulation as well as at the impact of IPR and of the new EU-DMA (Digital Markets Act) on Metaverse concepts. 3. Checkup of existing Digital Transformation Tech-Stacks in industry (based on traditional WEB2.0 and SaaS approaches) and EA (Enterprise Architecture) solutions. This is important for finding out, which interoperability WEB3.0-based Metaverse solutions need to observe in order to be usable under given context in business and industry. Next steps: - Checking and clustering the most important Metaverse-based business opportunities for outlining, which ecosystems will most likely emerge. This is another indicator for understanding, what degree of interoperability will be required. - Completing the Metaverse segment and the Interoperability segment in the TECH section of the DLT360 NAVIGATOR by implementing our findings into our GitHub content repository and our OBSIDIAN environment (internal working environment also on MIRO). - Summarising the findings in a related Whitepaper or working paper, which also contains recommendations regarding how to approach Metaverse concepts for the main application clusters in business and industry (including the major opportunities and risks), with a main focus of interoperability-criteria and interoperability-solutions. - Closeout report and video

Evidence

https://dlt360.io

Explanation

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

1. As reported, we restarted our content-related work by beginning of September (after focusing on our people, process and tools foundation over June to end of August). The biggest change was here, that we are now storing and maintaining our content in GitHub - very essential for our ambition to work as a large content-providing network in the future. 2. The work on this project during September was focused on literature review and consulting of experts (collecting material in ZOTERO). 3. In parallel, we are cooperating with a Dissertation at University of Malta, which is looking into the potential of METAVERSE Applications in real-world industry and business. Based on thus research, we want to outline interoperability requirements from BUSINESS PERSPECTIVE and then map this into requirements for technical approaches (the other way around is already part of quite many discussions). 4. A key challenge is the lack of understanding and clear terminology among industry innovators, the power of already existing Digital Transformation Tech-Stacks based on traditional WEB2.0 and SaaS approaches and the still lacking ideas of what benefits METAVERSE approaches will be able to provide (according our internal brainstorming based on our knowledge of manufacturing industry, the potential is huge). 5. During October, we will be able to show first preliminary results (anyway, this work and this topic will become a key-part of our planned DLT360 WEB3.0 Innovation Accelerator Program starting in JAN 2023 - our main activity for onboarding innovators from established industry). With our focus on outlining interoperability requirements, we want to contribute to future standardisation and risk reduction. 6. We expect project closeout by December 2022

Explanation

Sorry, link was supposed to go to our MIRO environment, but this board is password protected. I will share more in the next monthly report (have not beed able to reach our administrator)

June 24, 2022 Progress report

Status:

On track: No

Estimated completion date: 09/30/2022

Team

The DLT360 Domain Expert Team and the contributing network with

Senior industry leadership experience
Specialised University experts, assistants and students
Industry partners
DLT360 supporting team

Detailed information & links provided in 'Feasibility' section below

heinz.gassner

dlt360consulting

Website:https://www.dlt360consulting.com

All funds

DLT360: Metaverse Interoperability

Problem

Solution

Total to date

About this idea

[IMPACT]

[FEASIBILITY]

[AUDITABILITY]

SDG Rating

Monthly 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

Team

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