Financial Implementation Blockchain
Problem
Indonesians are not yet aware of the existence of Blockchain function which can be very helpful for the business process for efficiency and cost reduction. Education and apps will be very helpful.
Solution
The content will drive many people can be seen through financial implementation to provide more transparency, clarity, and no ambiguity among each debtor, and robust lending fintech will be trusted.
Total to date
This is the total amount allocated to Financial Implementation Blockchain.
About this idea
[IMPACT] Please describe your proposed solution.
Solution
As a member of ETH, the best solution is to start from scratch, to make communities and reach more people outside the circle of community. Businessman, Media, and also universities. After reaching them out, The content will drive many people to take advantage of the main use of Cardano, which can be seen through financial implementation. Education and providing a form of cooperation to Startups such as Fintech (lending and borrowing), Crowdfunding which in Indonesia has many forms of CSR and NGO locally. Many industries will join these projects which will take more than a year.
As we know that beside India, Indonesia also has a specific market which uses a lending platform and to provide more transparency, clear, and no ambiguity among each debtor competition and more robust lending fintech will be trusted.
The crowdfunding in Indonesia also has so many issues such as word of mouth marketing, which tend to make changes of pricing application on the market, none of the less reducing the income for the community which create these crowdfunding.
The proposed solution will be considered as the main framework of this project, which includes helping directly by these Indonesian Teams to launch and emerge on the surface through many activities such as:
- Workshops,
- Initiatives through conferences,
- Local onsite attendees.
- Build a new Platform for implementation the framework
Going to a specific company will take time to offer help to a specific scope of work and let them be motivated whether the cooperation together will end with a short contract. This kind of cooperation will be noncommercial which is effective to boost people’s thoughts rather than making usual education.
[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.
How to proposed will address that challenge are by delegating some team to do a quick research and make a division and also a collaborate with many universities, many startups, and also fintech under BAPPEPTI (the regulator of Indonesia) and KOMINFO (the watcher of the Indonesian government for investment companies).
Activities:
- Diversified which will suit to be engaged first, based on the trending issue and momentum, because some local token which used the actor role to promote them make great suffering on people’s heart. The address solution will directly go through its vital situation, by surrounding the government with people’s voices for openness and trying to vocalize it on entrepreneurs.
- Going to offer help to a specific scope of work and let them be motivated whether the cooperation together will end with a short contract. This kind of cooperation will be noncommercial which is effective to boost people’s thoughts rather than making usual education.
- Launch and emerge on the surface through many activities solutions and services to operate legally in their residing country will open new possibilities and provide peace of mind to the project owners.
Purpose:
- These Activities aim to increase this proposal's impact on the Ecosystem on financial frameworks that are explored and established.
- These Activities aim to helping members of the community Cardano & Catalyst to apply financial framework to their activities.
- This will in turn promote adoption and improve product ownership. there is mapping the needs of community members of Cardano & Catalyst related to finance
[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
RISK
- The regulation of Indonesia and the knowledge of IT and accounting in Indonesia yet not aware of the blockchain concept.
- People have interest in donating, let's start with that, NGO in Indonesia seem very legit and are being heard by the government in the province area.
For this big ISSUE for BLOCKCHAIN we can create some activities to provide awareness about the Blockchain ecosystem, and also do collaboration with universities, Company, and political party.
- The first step will be started through collaboration with universities, the goal is for students to have an impact who can pass this information on to the wider community.
- The second step is collaboration with political parties to be able to convey this blockchain information to be applied to the government
- The third step is collaboration with companies that already use technology both at the startup level and large companies.
- The fourth step is collaboration with finance professionals to make corrections and filters on blockchain-based financial systems
- The fifth step is collaboration with academics in the field of finance to validate the system used in blockchain-based financial systems
[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.
Roadmap for 2 years
2021
Q4
Segmenting the market which needed this Financial implementation
2023
Q1-Q4
- Grassroot penetration to education foundations and NGO
- Grassroot penetration to Political parties and community
- Creating template or even platform (Cardano x fintech)
- Planning to create a platform that is integrated between Accounting System and Blockchain
2024
Q1-Q3
- Build a platform which is integrated between Accounting System and Blockchain
- Finalization platform which is integrated between Accounting System and Blockchain
- Evaluation platform which is integrated between Accounting System and Blockchain
[FEASIBILITY] Please provide a detailed budget breakdown.
Project Manager : $700 per month
Q4 2022 x 3 month leads
Q1-Q4 2023 x 12 month leads
Q1-Q3 2024 x 9 Month Leads
Total 24 month leads x $ 700 = $ 16.800
Operational : $400 per month
Q4 2022 x 3 month leads
Q1-Q4 2023 x 12 month leads
Q1-Q3 2024 x 9 Month Leads
Total 24 month leads x $ 400 = $ 9.600
Promotion : $400 per month
Q4 2022 x 3 month leads
Q1-Q4 2023 x 12 month leads
Q1-Q3 2024 x 9 Month Leads
Total 24 month leads x $ 400 = $ 9.600
Consultant/advisory: $300 per two hours
Q4 2022 2x2 hours meetings = 2 Hours
Q1-Q4 2023 6 X 2 hours meeting = 6 Hours
Q1-Q3 20246 X 2 hours meeting = 6 Hours
Total 14 x $ 300 = $ 4.200
Build plattform $ 4.800
Total Budget $ 45.000
[FEASIBILITY] Please provide details of the people who will work on the project.
- Fanny Wijaya
- Community Advisor of Cardano Indonesia and Eastern Town Hall
- General Secretary of Alumni Associate Master of Business and Administration at Institut Teknologi Bandung
- Business Development and Accountant Consultant for 5 years on several company
For more information at:
www.linkedin.com/in/fanny-wijaya-fny
2. Randy
- Member Community of Cardano Indonesia and Eastern Town Hall
- Lead Collaborator of Partnership of Alumni Associate Master of Business and Administration at Institut Teknologi Bandung
- Experience future exchange and securities companies for 6 years on several company
For more information at:
https://www.linkedin.com/in/randy-randy-19b754136/
[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.
We will focus for this proposal than we will return to next funding if this job are finished
[FEASIBILITY] Are you or any member of your team working on any other proposals in this Fund9?
Yes[FEASIBILITY] Are you or your team working on any other proposals from previous Funds?
No[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?
Key deliverables :
- Increase awareness about Accounting System and Blockchain
- Make each important information/idea visible and easily understandable
- Design the reporting process and tools (i.e. excel, miro) which will be available for the community
- Make a final report describing the various frameworks and potential pathways
KPIs
- Develop 3-5 tools/forms to support the reporting process
- Support 10 other people/companies with their reporting process
We will measure how helpful the process and tools for Accounting System needs and how useful is the information for member community and in other company. We will also try and measure how many people are using the platform we developed and even as a base for adjustments and further developments.
We will also collaborate and share the information with CF, IOG and community initiatives such as community and token locally and also the Cardano Smart business hub initiatives and others, so the information will be available for the community and aligned resources.
A dedicated github will be opened and available for the community to use and follow up on the progress.
[AUDITABILITY] What does success for this project look like?
Communities in each city (Java, Bali, Kalimantan) actively offer the system to be applied on Fintech and startups, also branding it on University as curriculum or event guest topic to be engaged on Students and lecturer.
[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.
New one and hoping to be sustained through the next fund.
Sustainable Development Goals (SDG) Rating
4.6
Team
As lead proposer, I have experience as an accounting consultant for five years. In my role, I created an accounting information system (AIS) from planning to output for decision making for users of financial making. AIS is a collaboration of accounting systems with technology.
