Legal & Financial Implementations
Currently the real Challenge for Funded proposals relies on implementing legal and financial boundaries and frameworks for their projects.
Providing funded proposals with solutions and services to operate legally in their residing country will open new possibilities and provide peace of mind to the project owners.
Many projects will broaden their horizons and increase their impact on the Ecosystem once legal and financial frameworks are explored and established.
This will in turn promote adoption and improve product ownership. There is a need to get accountants and lawyers into the Cardano & Catalyst Ecosystem.
Challenge Team for Fund 9
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André Diamond
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Miroslav Rajh
Why is it important?
When receiving Funds, many emerging Projects in Catalyst face legal and financial issues which block them from moving forward.
How does success looks like?
A direct access to solutions which provide financial and legal services, support and guidance to emerging Projects in the Catalyst Ecosystem
Key Metrics to measure
Use Case - How many funded proposals are making use of these new solutions and services
Impact - How many of these new implementations are mutualistic to funded proposals.
Scalability - How scalable are the solutions introduced in this challenge. Are provided solutions able to scale to 10x 100x 1000x ?
Adaptability - Can these solutions and services be used anywhere in the world
Imani Web3 Legal Services Portal Quick Pitch
Solution: Imani Partners proposes a conversational app platform that guides entrepreneurs and businesses to internationally compliant legal services and structures relevant to Web3 Crypto Blockchain providers.
Global Compliance 200+ Jurisdiction
Solution: Integrate reliable AML/BSA FinCEN compliance and monitoring services into existing KYC services for funded projects to use.
Fundraising solutions in Argentina
Solution: Find a possible fundraising solution that meets Argentine law and finance to get the fundraising project off the ground
For Cardano, Accountants & Lawyersl
Solution: Upskilling African accountants weand lawyers would solve this crisis and help to address the 6.73 million unemployed in Africa, starting with Zimbabwe. We will grow Cardano and Africa together.
FluidTokens legal entity
Solution: Creating the no profit DAO entity in Switzerland will allow Fluidtokens users to be represented both onchain and in real life, with legal guarantees of their governance and representative power
Financial Implementation Blockchain
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.
Documenting Human Rights Evidence
Solution: The R-Archive is a blockchain-based digital repository of human rights and historical documents critical to the Rohingya people.
DLT360: Securities Law & Tokens
Solution: DLT360's Legal Team will map out emerging securities regulation and obligations around token & digital asset issuance, beginning in the US and EU and later branching out to other jurisdictions.
Digital Voter ID
Solution: We are proposing the first decentralized digital ID system that is entirely transparent. All citizens will be assigned a unique voter ID that can be accessed and validated on the Cardano blockchain.
Digital Identity Integration
Solution: projectNEWM aims to provide all individuals who fractionalize ip rights with DIDs.
Creation of a registered company
Solution: We are a funded project from F8, called TRACE - Product Tracing on Cardano. We propose to create and maintain a registered company (S.r.l in Italy, similar to an LLC in US).
Connecting KYC to Tokens
Solution: We are developing a framework for a KYC token - not dedicated to one wallet - that can be used get verified automatically in order to ensure safe and fast crypto transactions.
Catalyst Mediation Treasury
Solution: A treasury to be used by the Catalyst community to request professional mediation through mediators.ai, a Catalyst funded project.
Cardano Lawyer (EU-region)
Solution: I have this knowhow and legal expertise as EU crypto & tech lawyer and want to put it to use for Cardano projects by helping Cardano stakeholders with legal Qs + be SPOC for knowledge.
Cardano ERP for Catalyst
Solution: CERP for Catalyst will be an intelligent open-source Cardano-native accounting/auditing system consisting of a GL, COTI Pay integration, funds/revenue receipts modules, and financial + audit reports.
Cardano-Crystal Legal Operations Quick Pitch
Solution: We will manage our registration and licensing in the regulatory body, in order to build a platform that allows us to promote, train and freely inform about the adoption and use of Cardano
Cardano4Charities
Solution: We will reach out to the most important NGOs and charitable organisations to educate them in crypto tools and adoption to encourage acceptance of crypto donations, benefiting donors and organisations.
Blueprint for Investment Funds
Solution: We propose to create a verified blueprint of how to set up an investment fund to manage money for up to 50 individuals in compliance with KYC and AML regulations for a $30k setup fee and $10k annual
Automated funding 4 funded projects
Solution: This proposal aims to build a smart contract to automatically disburse amongst wallets of project members. dApp is designed to send ADA under certain pre-set conditions.
Assembly of TriState/National SPAC
Solution: Have my SuperPAC ready for the general election w/ a pipeline of organizations fitting Cardano & crypto blockchain industry like Singularity.NET to help create interesting informed mindfulness
AI lawyer on Cardano - Profila/HSLU
Solution: Profila & University of Luzern are building an "AI lawyer“, giving automated expert advice by matching people' legal questions with a smart knowledge base of +1 million laws, contracts & policies
African Journalists - AJEOT 2022 Quick Pitch
Solution: Use African Journalists for Economic Opportunity Training (AJEOT) program to develop journalists’ analytical and competent skills to engage and influence blockchain policy development and adoption
Accounting Reporting France
Solution: Analyzing the flow of funds in catalyst and working with accounting and legal services to define an accounting reporting path. Coordinating and supporting others in the process.