Various important regulatory frameworks are subject of commentary by domain experts (e.g. Financial, Data Privacy, Competition Regulations)
The DLT360 Risk and Opportunity Radar captures a holistic regulatory overview. We apply this for active lobbying in Europe during Q3 of 2022
This is the total amount allocated to DLT360: EU-Regulation Lobbying
Our proposal is about delivering specific inputs to regulatory frameworks within the European Union during Q3 / 2022, utilising the great opportunities in areas, where the EU is interested in receiving commentary feedback from domain experts (Financial, Data Privacy, Competition Regulations). We can do this very effectively and efficiently by applying the continuously growing knowledge captured in our DLT360 Risk & Opportunity Radar. This way we are not starting from the scratch, but are systematically building upon the growing information from inside and outside the Cardano Community, from the continuously reviewed academic papers and from the knowledge of excellent domain experts within our network. DLT360 is a long-term-oriented project. All topics, also the regulatory and legal ones, are approached in an inter-disciplinary way.
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
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).
How we address the challenge
Influencing regulations requires continuous efforts of an interdisciplinary team. DLT360 is progressing very well in setting up the required expert-network and infrastructure in a long-term-oriented way. We are also actively partnering up with other proposers for avoiding redundancies and for maximising benefits for the Cardano Community.
In a first step, due to our proximity to Brussels and senior partner’s available expertise, DLT360 will put emphasis on EU legislation - which is crucial for the global success of Cardano, due to the far reaching impact EU norms have world wide - from the areas of data privacy to financial regulation. The project works in two steps:
As legislative efforts in the EU pertaining to blockchain technology gain traction, these consultations are an important opportunity for stakeholders to voice their concerns. In the past, such consultations were held for example on an upcoming EU regulatory framework for crypto-assets, as well as taxation measures for crypto-assets.
Our work is not a 'one-off' effort, but is part of our overall DLT360 Risk and Opportunity Management framework. This will also make sure that the outcome is properly visualised and accessible over our DLT360 RADAR and communicated during our quarterly DLT360 video reporting.
Lobbying for favourable legislation within the EU is all about putting the efforts into the right channels and about knowing the right people. We have parts of our team sitting in Brussels and are strategically increasing our expert-network. Main challenge we experience is, that we need to find ways to promote our interdisciplinary approach more actively, as we are currently either talking to very specialised lawyers or specialised technicians, easily getting stuck in 'silo-mode'. Our vision is here to get to a more 'joint experimental sandbox model', but this will require endurance and patience before getting there. High-quality written feedback is an important first step, and this we are well prepared to deliver.
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)
2) Value Proposition (generic for DLT360)
Dependent of the above listed customer-segments, we see our value proposition as following (more details in MIRO):
3) Distribution Channels (generic for DLT360)
Depending on customer-segment and corresponding value-proposition, the following delivery channels will be used:
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 service agreements 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:
6) Key Activities, Roadmap and Deliverables (now specific to this project)
This project requires the following specific key-activities - all during Q3 / 2022
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):
DLT360 is operated by a core-team and by a flexible team of 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 plan with the following key resources:
Due to the various interlinked projects of DLT360 and due to the overall complexity of proper planning and tracking, we do this in our DLT360 - MIRO environment (as a DLT360 team, we are also applying a best-practice Business Model Canvas approach maintained in MIRO). Due to already running our fund 6 and fund 7 funded projects, we are part of the Catalyst Coordinator Process and acquainted with the relevant reporting processes.
KPI Progress and Success Measurement (for our activities during Q3)
Our Definition of Done and our success criteria are derived from the above listed KPI measurement:
This is a new proposal, but part of our overall (and continuously ongoing) DLT360 activities, which were initially funded in fund 6 and again strongly supported in fund 7.
To be completed.
The DLT360 Domain Expert Team and the contributing network and
Detailed information & links provided in feasibility section below