Asset Management ⛓💎

[GENERAL] Summarize your solution to the problem.

To conquer this Problem I want to set up a system of smart contracts, which govern access to given assets and enables cloud based programs to interact at any time in a secure way.

[GENERAL] Summarize your relevant experience.

I am studying CS and Economics at the TU Berlin, where I learned Haskell a long side other programming languages.

Furthermore I was funded in F3 to build an Accounting system prototype in Plutus, which I have now completed.

In this context I also took part in the Plutus Pioneers.

[IMPACT] Please describe your proposed solution.

My Solution is an answer to the question how people in the future will want to use the Blockchain.

Right now it is necessary to manually approve all actions on the blockchain by signing with a private key. Also a lot of assets are held in wallets, which are controlled from a users computer.

Now I want to change that by placing the assets into smart contracts, which have instructions how the assets are to be handled. For example this can be used to have an asset like ada be regularly paid to an over Adress, like a subscription fee or a credit payment.

Such an ability would be mandatory if blockchain systems should substitute the legacy financial system.

Yet something like a debit charge is not trivial on the blockchain. I can not take someones money with his consent.

So that is what I want to build along side more complex relations like rental and leasing.

Now to the technical bits:

To archive these functions an Asset is locked in a smart contract which can only be opened by the owner or under pre defined conditions by a specific program which is run in the cloud.

Thus I will build

• a set of smart contracts
• a cloud app to manage and access the smart contracts
• a frontend to control the system

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

My proposal targets the usability of Cardano for casual and professional users.

It falls under the many others category and it solves the challenge by enabling a host of essential services to be layered on the Cardano Blockchain.

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

Complexity

This project requires a very complex infrastructure to work and even more complexity to ensure security on the main net.

I will use visualizations to document the development process, this helps to focus on the most important Aspects.

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

Stage 1 Planning

For the first 1-2 months I will draft the conceptual groundworks this includes setting up the development environment and first tests.

Stage 2 Development local

The next 3-4 months I will develop the first smart contracts in a local system and test them on a simulated Blockchain with Quickchek.

Stage 3 Planning cloud

After that I will go into more detail on the cloud architecture and I will start to set up the cloud environment. This should take 1 month.

Stage 4 Cloud Development

For 3-4 months I will build out the cloud architecture and integrate the smart contracts from Stage 2

Stage 5 Testing

For 1 months I will test the complete system.

Stage 6 Frontend

For 1-2 months I will build the Frontend.

Stage 7 User Test

For another 1 months I will test the system with alpha users.

[FEASIBILITY] Please provide a detailed budget breakdown.

2'000 $ -external costs (cloud fees, unforeseen expanses)

S1 - 2'400$

S2 - 4'800$

S3 - 1'200$

S4 - 4'800$

S5 - 1'200$

S6 - 2'400$

S7 - 1'200$

1'200 $ per Month

[FEASIBILITY] Please provide details of the people who will work on the project.

Quirin Schlegel

https://github.com/QSchlegel/Decentralized-Accounting

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

If the project will be used by many people I will come back for funding to add features, scale up and perform external code audits.

[FEASIBILITY] Are you or any member of your team working on any other proposals in this Fund9?

[FEASIBILITY] Are you or your team working on any other proposals from previous Funds?

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

The key metric would be the number of active users, also the number of transactions and the amount of ada or other token locked in the project would be interesting.

[AUDITABILITY] What does success for this project look like?

Success would be if a significant amount of people would use the project to manage their Assets.

[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

Its a new project.

Sustainable Development Goals (SDG) Rating

Not directly applicative, maybe some time after launch.