DCorps - Digital company registry

[IMPACT]

If we look at the definition of Company by wikipedia (https://en.wikipedia.org/wiki/Company)

"A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations."

"A company can be defined as an "artificial person", invisible, intangible, created by or under law, with a discrete legal personality, perpetual succession, and a common seal. Except for some senior positions, companies remain unaffected by the death, insanity, or insolvency of an individual member."

In the digital world, today there is no equivalent to a Digital Company, what it is quite common practice in the physical world did not reach yet the Digital space, creating all sort of problems and hassles when two or more people want to associate for a common purpose.

In Catalyst this situation is turning into a big problem, as many new associations are being created fund after fund, as many of the proposals presented and funded have several people associated to make them true.

From managing funds (personal wallets) to create and securely store association terms, percentages and conditions, all of these are being managed in a very rustic and unsecured way, putting all the digital assets and resources that "belong to the company", at risk and creating all sort of not easy to solve disputes when partners don't come to an agreement.

All these issues are not solved by creating any form of legal entity in the physical world, as even with that, all the digital assets will be managed by individuals in some sort of personal wallet, and it is very difficult for any jurisdiction to impose ruling or local laws to the digital decentralized world, leaving solution of disputes at a stall and creates several potential future risks for the involved parties and the users/customers of the company.

We propose to use the Self Sovereign Identity vision to create a Public Trust Registry, a process and the technical means for any two or more people to be able to create a DCorp, its corresponding associative and operating terms and one or many company owned wallet/s in the Cardano Blockchain, using PLUTUS SmartContracts and Digital Identities, so companies can exists and operate securely and safely in the Digital World.

These DCorps will be able to provide all the operating benefits and security needed to protect their assets and the purpose of the organization.

As part of our collaborative efforts in Catalyst and Cardano, we have agreed with the Game Changer team to use and integrate GameChanger wallet and APIs to our platform to offer all the flexibility this wallet provides and also the trust and reputation this great product already achieved in the community and the ecosystem. (https://gamechanger.finance/). As part of this agreement we have their full support to collaborate to make this project a success.

The platform will allow eventually many services, such as liking of a physical legal organization to the DCorp, so a link between both worlds can be established if the owners of the company want to do it.

By providing this DCorp Registry, we will be aligning with the following Challenge objectives:

• Participation and adoption growth
• Portability
• Usability and accessibility
• Governance frameworks
• Interoperability
• Security
• Regulation
• Business models
• NFT and Smart Contracts integration
• Trust registries

Also we will be positioning Cardano as a leaders in the SSI ecosystem, assuring trust and giving individuals control of their digital companies and protection of their digital assets and activities. As people from any digital space or blockchain could use this platform to register their DCorps.

Our success will be measured by the following KPIs:

• Number of companies registered as DCorps.
• Number of Digital Identities created and related to the DCorps.
• Number of Corporate Wallets created in the Platform.
• Number/Amount of Assets stored and managed in these Corporate Wallets.
• Number of Smart Contracts created to reflect the terms and conditions of the DCorprs.
• Number of verification request of DIDs issued by the Public Registry.
• Number of legal entities that link themselves with a DCorp.
• Number of transactions performed via Corporate Wallets.

Challenge 1: Platform adoption. As with most platforms adoption will be key to produce a product that provides value and a sustainable business model. As we are aiming, with this first MVP, at the Catalyst founded proposals, the marketing effort and reach to potential users will be manageable and we expect many Catalyst funded proposers will found great value and solution by using this platform.

Challenge 2: Sustainability in the long term. Our vision is to create an ambitious project that will be able to address the needs of thousands of companies and partners that are willing to make businesses in the digital world. Our business model is devised as a yearly/monthly subscription, if we can validate our hypothesis that this platform will solve all the described issues, then this business model will rapidly converge to a recurrent stream of funds that will allow the platform to grow and create even more value to its users.

[FEASIBILITY]

Based on the objectives presented above the roadmap will be as follows: 

1) Project and Team setup: 1 Week

2) Discovery : 1 Month

• Interview 10-15 proposers/funded proposers in Catalyst to understand their needs
• Review the data and produce the Insights needed relevant for the project
• Create the User Journeys
• Create a Prototype of the Platform

2) Development: 3 Months

• We will aim to deliver a first MVP during this first 3 months phase.
• Create a product Backlog out of the Prototype and Journeys
• Prioritize functionalities that the platform needs to deliver for a first productive MVP (Registration, DIDs, SmartContract)
• Integrate GameChanger Wallet as part of our platform
• Create a project estimated timeline for the 6 Sprints to be delivered (Each Sprint will last 10 Days)
• Set dates for the 6 Sprint Planning sessions, 6 Review Sessions and the Retrospectives.

Future improvements and roadmap will be Iterations based, to be able to continue our development via a continuous feedback loop from the users and customers.

PM

1 (30%) - USD 1.000 x 4 months = USD 4.000

UX Team

2 UX (50%) - USD 1.500 each x 1 month = USD3.000

Development Team

2 Developers FullStack - USD 3.000 each x 3 months = USD 18.000

1 DID/Plutus Developer - USD 4.500 x 2 months = USD 9.000

Infrastructure

4 months of UX, DevTools and CI/CD services = USD 3.000

3 months of AWS Hosting and Cloud services = USD 2.000

Founders will be Lead, advise, coach and actively seek to produce contacts, awareness and seek for companies that would like to become early adopters. No money will be taken by the Founders at this stage.

All the rates correspond to resources located in Argentina.

Alex has 20+ years of experience building Digital Products and Companies. He has a dual background, on one side a Solutions Architect and Developer (Cloud, Blockchain, C#, .NET, Java, Angular, DevOps) and on the other side a Company Builder and Advisor, building high-performance teams to deliver products that customers love (Customer Development, Agile, Lean, Design Thinking). Alex is also a professor and public speaker, helping to build common knowledge around Digital Transformation, Exponential Organizations, and Abundance.

Linkedin: https://www.linkedin.com/in/apestchanker/

Within Cardano, Alex is an active community member, co founder of the LATAM Cardano Community helping to building impact in and out of the Latin America ecosystem and host of the LATAM TownHall, performed as Community Advisor in F6 and F7, with high ratings on his assessments, vCA in F7 and won several funds for his proposals, such as: F6: Proposals Mentors Marketplace ( https://cardano.ideascale.com/a/dtd/369749-48088 ), F7: Proposals Mentors Marketplace -cont (https://cardano.ideascale.com/c/idea/382926), F7: Easy Engagement - New members -AIM (https://cardano.ideascale.com/c/idea/381856), F7: LATAM TownHall by Catalyst Swarm (https://cardano.ideascale.com/c/idea/380974), among others.

Alex is also a 1st cohort ATALA-Prism Pioneer and a 3er cohort Plutus pioneer.

Luciano S.

https://www.linkedin.com/in/luciano-szuldman-1b41046a/

Luciano is a serial entrepreneur. With proven experience founding and building successful companies both in b2c and b2b environments. 

Founder and managing director of PWG and Co-founder and board member of Alkemy. 

https://patagonwatergroup.com.ar/english.html

https://www.alkemy.org/

Passionate about technology and high-impact projects.

Luciano A.

Full-time passionate and energetic entrepreneur with big goals ahead. Creative person who always tries to challenge himself. With more than 15 years of experience in tech, Co-founded several startups including DrApp, Argentinas leading EHR with +1 M appointments per month and Bfore.Ai the first cybersecurity predictive threat intelligence technology.

Usual user of Cryptos as a payment instrument for his startups.

https://www.linkedin.com/in/lucianoallegro/

Current startup:

https://bfore.ai

PM, UX and Developer team is already working with us in different projects, some on Cardano, as part of our companies and projects. Their time and assignment is secured during the indicated period of time.

[AUDITABILITY]

Project progress KPIs :

- By end of month 1:

Good participation by proposers in the Discovery phase: 10-15 interviews done

User Journey created and Delivered

Prototype created and Delivered

Catalyst Project report Delivered

-By end of Month 2:

Technical Architecture defined and in place.

First two Sprints deliverables delivered.

GameChanger integrated.

Plan adjusted according to the real team velocity.

Retrospective performed and improvements detected.

Catalyst Project report Delivered

-By end of Month 3:

Sprints 3 and 4 deliverables delivered.

Plan adjusted according, after improvements and feedback

Catalyst Project report Delivered

-By end of Month 4:

MVP1 delivered

Next phase detailed plan and business model evaluation

Catalyst Project report Delivered

Outcomes (Return on Intention) KPIs:

• # of Companies registered in the platform
• #of DIDs registered in the platform
• #of SmartContracts created in the platform
• #of Wallets created on the GC wallet via the platform
• Amount of ADA managed by the DCORPs
• # and types of Tokens and Digital Assets managed by the DCORPs
• Amount of Transaction in the Cardano blockchain performed by DCORPs
• # of Catalyst funded projects that create a DCORP.
• # of Catalyst proposals that create a DCORP or refer they will create one if funded.

Our Definition of Done for this first MVP, is to establish a DCorp registry that is able to effectively register a Digital ID for a Company, DIDs for each of the partners, the Associative Contracts among the parties (SmartContract), with their basic terms and conditions and a Digital Corporate Wallet (GameChanger based) that can be linked to the DCorp SmartContract and can hold and manage digital assets on behalf of this company.

By the releasing of our first MVP, we aim to reach 10-15 DCORPs registered within the first month and duplicate that number each 2 months, with an acceleration trend that validates adoption and usage.

DCORPS itself will be the first DCORP registered in the platform, and we will publicize our learnings from this new experience, as entrepreneurs working in the digital world for years.

This is our first proposal for this project.