not approved
AgroTechnology Cardano: empowering Food Security & Sovereignty with Tokenization, Real-Time Traceability, Sovereign Identity, Quality Certificates NFTs, IoT Sensors, AI, Data Science, Precision Farming, Smart Contracts, and R&D.
Current Project Status
Unfunded
Amount
Received
₳0
Amount
Requested
₳274,000
Percentage
Received
0.00%
Solution

We will tokenize farmland using a Technology Ecosystem for traceability, IoT sensors for environmental monitoring, and AI models for productivity. All this will be possible by token sale proceeds.

Problem

Agricultural producers lack technology in their crops, leading to challenges in traceability, data analysis, certifications, financing, market connectivity, climate uncertainty, and government support

Impact / Alignment
Feasibility
Value for money
AgroTechnology Cardano: empowering Food Security & Sovereignty with Tokenization, Real-Time Traceability, Sovereign Identity, Quality Certificates NFTs, IoT Sensors, AI, Data Science, Precision Farming, Smart Contracts, and R&D.

Please describe your proposed solution.

Our proposed solution aims to address the challenges in the agricultural sector through the implementation of a comprehensive technology ecosystem. We perceive the problem as a lack of access to advanced technologies and efficient processes, which hinders productivity and profitability for farmers.

The approach we have chosen involves tokenizing farmland and utilizing various technologies such as IoT, AI, and blockchain. By investing in cultivation processes and infrastructure, we aim to optimize crop yields and improve efficiency throughout the agricultural supply chain. This approach not only benefits farmers by increasing their profitability but also promotes sustainable agricultural practices.

Our project engages multiple stakeholders, including farmers, investors, government entities, and certification agencies. By fostering collaboration and partnerships, we can leverage collective expertise and resources to drive meaningful change in the agricultural industry. Through real-time traceability and data analysis, we will demonstrate the impact of our solution, showcasing increased productivity, improved resource management, and enhanced transparency.

What sets our solution apart is its holistic and inclusive approach. Farmers will benefit from increased profitability, reduced risks, and access to advanced technologies. Investors will find an attractive opportunity for sustainable investments with transparent and traceable returns. For Cardano, our solution aligns with its core values of promoting social and economic empowerment, sustainability, and technological innovation.

By leveraging blockchain technology and implementing robust data management systems, we ensure the security, privacy, and integrity of information. This is particularly important in the agricultural sector, where reliable and verifiable data is crucial for certification, quality control, and supply chain management.

Our solution offers a transformative approach to the agricultural sector, leveraging technology to overcome existing challenges. With a focus on sustainability, transparency, and productivity, we aim to empower farmers, drive economic growth, and contribute to global food security.

Our proposed solution involves a step-by-step process that begins with the purchase of tokens and extends to the investment in the cultivation processes, as well as the implementation of traceability for farming activities.

  1. Token Purchase: The process starts with interested individuals or investors purchasing tokens that represent ownership of a specific area of farmland. These tokens serve as a digital representation of the land and provide a means for investors to participate in agricultural activities.
  2. Investment in Cultivation: The funds obtained from token sales are reinvested in the various aspects of cultivation. This includes infrastructure development, agronomic practices, logistics, and other necessary investments for optimizing crop production. Investments are made in crucial areas such as seed selection, labor, machinery, irrigation systems, fertilizers, pest management, IoT devices, administrative expenses, financial services, legal compliance, taxation, storage, post-harvest processes, packaging, transportation, advertising, and agricultural insurance.
  3. Real-time Traceability: Through the implementation of advanced technology, including a A chatbot for recording crop activities and IoT sensors, we establish a robust system for real-time traceability of farming activities. This involves recording and documenting via chatbot every step of the cultivation process. From planting, input procurement, machinery usage, maintenance activities, fertilization, agrochemical applications, irrigation cycles, pest monitoring, harvests, to packaging and transportation, all relevant information is captured and stored securely in the blockchain. With IoT sensors, we monitor the environmental and soil conditions of the crop in real time to understand the plants needs for optimal growth and performance.
  4. Quality Certifications: The traceability system enables the generation of real-time quality certificates. By having a complete record of the cultivation practices and the associated data, we can verify compliance with good agricultural practices, such as BPA (Buenas Prácticas Agrícolas) or Global GAP (Good Agricultural Practices). These certifications provide assurance to consumers and buyers regarding the quality and safety of the agricultural products.
  5. Data Analysis and Optimization: Leveraging the power of artificial intelligence and data analytics, we analyze the vast amount of data collected during the cultivation process. This analysis helps identify patterns, optimize resource utilization, improve productivity, and make informed decisions. By continuously monitoring and fine-tuning the cultivation practices, we can enhance yields, minimize losses, and increase the efficiency of resource utilization, such as fertilizers and agrochemicals.
  6. Harvest Certificates and Investor Transparency: Once the crops are harvested, we generate harvest certificates as NFTs (Non-Fungible Tokens). These certificates provide detailed information on the yield and profitability of the specific crop. They are distributed to token holders and investors, enabling them to track the performance of their investment and gain transparency regarding the crop's harvest and financial outcomes.

How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

Our proposed solution on the Cardano network addresses the challenge by introducing crop tokenization, real-time traceability, IoT integration, secure identity, and smart contracts. These elements contribute to the development of the agricultural industry and promote Cardano adoption in the sector.

By tokenizing crops, we enable farmers to access decentralized investment, reducing their reliance on traditional banking systems. This innovation empowers farmers, drives the growth of the agricultural industry, and fosters economic empowerment within the Cardano ecosystem.

The implementation of a real-time traceability system allows for precise documentation of agricultural activities and cultivation techniques. This data promotes research, facilitates the discovery of best practices, and optimizes performance and efficiency throughout the food supply chain. The result is increased productivity, improved resource management, and enhanced transparency.

Integration of IoT devices enables real-time monitoring of crop conditions and environmental factors. The accurate data collected is utilized in artificial intelligence models and agricultural/climate research, leading to reduced losses, enhanced food security, and optimized utilization of natural resources.

Our solution leverages Atala's secure identity solution to generate Verifiable Credentials (VCs) that protect farmers' data while promoting interoperability with public and private entities. This fosters research, development, and agricultural planning, contributing to food sovereignty and sustainable agricultural practices.

Utilizing Marlowe, our smart contracts automate processes such as returns payment to investors, taxation, and activation of agricultural insurance. This streamlines operations, ensures transparency, and protects both farmers and investors, further strengthening the Cardano ecosystem.

The impact of our project extends beyond funding the project team. It brings significant value to the Cardano ecosystem by attracting new users, empowering farmers, driving economic growth, and contributing to global food security. Through increased adoption and usage, our solution strengthens the Cardano community, fosters innovation, and addresses key challenges in the agricultural sector.

Our solution will attract farmers, investors, researchers, and government entities to the community, resulting in increased engagement, collaboration, and the development of a robust agricultural ecosystem on Cardano.

How do you intend to measure the success of your project?

We intend to measure the success of our project by evaluating both quantitative and qualitative metrics.

Quantitatively, we will measure the number of farmers and investors participating in the tokenization of crops on the Cardano network. Additionally, we will track the total value of investments made through our platform and the growth of the agricultural industry within the Cardano ecosystem. These metrics will provide insights into the level of adoption and economic impact generated by our solution.

Qualitatively, we will assess user satisfaction and feedback through surveys and interviews. Understanding the opinions and experiences of farmers, investors, and other stakeholders will help us gauge the effectiveness and usability of our platform. We will also consider the level of engagement and participation from the community, including discussions, collaborations, and contributions to the development of the agricultural ecosystem on Cardano.

In the short term, our innovation will bring immediate benefits to Cardano by attracting new users and investors to the ecosystem. The tokenization of crops will provide farmers with decentralized financing opportunities, reducing their dependence on traditional banking systems. This increased accessibility and financial inclusion will contribute to the growth of the Cardano community.

In the long term, our solution will have a transformative effect on Cardano's productivity and growth. By optimizing agricultural practices, enhancing food supply chain efficiency, and promoting sustainable farming methods, we will create a robust and resilient agricultural ecosystem on Cardano.

This will strengthen the network's overall value proposition, attract more users and investments, and position Cardano as a leading blockchain platform for the agricultural sector.

We believe that the measures we have outlined are realistic because they align with the objectives of our project and the potential of the Cardano ecosystem. Through continuous monitoring, evaluation, and adaptation, we will ensure that our solution delivers tangible and meaningful outcomes for the Cardano community, both quantitatively and qualitatively.

Please describe your plans to share the outputs and results of your project?

We intend to share the project's results through detailed reports and technical documents. These reports will provide a comprehensive description of our solution, key findings, and outcomes. We will distribute them through relevant scientific and academic platforms so that other researchers and experts can access this information and use it in their own research and development.

We also plan to organize events such as webinars and conferences to present the project's results to a broader audience. These activities will allow us to directly interact with professionals, stakeholders, and relevant actors in the field we work in. Through these interactions, we can share our knowledge, foster discussions, and establish collaborations for future joint projects.

In addition, we will utilize media channels such as our website, social media, and publications in specialized media outlets to disseminate the project's results. This will enable us to reach a wider audience, including farmers, investors, government entities, and other organizations involved in the sector. We aim to raise awareness about the benefits of our solution and promote its adoption within the community.

As for the use of the generated results, we will leverage them as a foundation for future research and development activities. We will analyze the collected data, performance metrics, and user feedback to identify areas for improvement and optimization opportunities. This will help us develop new functionalities and explore additional use cases that can benefit both our solution and the ecosystem as a whole.

What is your capability to deliver your project with high levels of trust and accountability?

We are well-equipped to deliver this project with high levels of trust and accountability. Our team consists of more than 11 professionals who bring a diverse range of skills and expertise to the proyect. With backgrounds in scientific approaches (physics), financial analysis, design, user experience, engineering, entrepreneurship, large-scale companies, banking and investment, innovation, scientific research, and technological tool development, we have a comprehensive skill set to address the project's requirements.

In terms of managing funds properly, we have implemented robust processes and demonstrate responsible financial practices. Our team members have experience in handling client resources and investments. Two members of our team hold a Master's degree in Blockchain for Enterprises from the Universitat Politècnica de Catalunya, showcasing our proficiency in blockchain technology. Furthermore, our company, Wseeds, has secured over $10,000 in investments in 2023 to develop a blockchain-based traceability system for the agricultural industry with the support of the Chamber of Commerce in Colombia.

To ensure efficient project management and development, we utilize the SCRUM methodology. This agile approach enables us to adapt and deliver results in iterative cycles. We also employ tools such as Jira, to monitor project progress and track milestones effectively.

Our team's collective experience, combined with our commitment to transparency, accountability, and the utilization of industry-leading practices, positions us as the ideal choice to deliver this project successfully. We are dedicated to ensuring trust, delivering high-quality outcomes, and meeting the project's objectives.

What are the main goals for the project and how will you validate if your approach is feasible?

Our project aims to develop an MVP of a technological ecosystem that facilitates the creation of tokens supported by agricultural land, providing returns for investors. We will begin with a partnership with over 30 export-oriented Mango producers in the Magdalena region of Colombia (We are currently working with them). These producers possess export certification for their products. Through the implementation of this technology ecosystem, these families will benefit greatly in enhancing their crop cultivation practices.

To achieve this, we have identified several specific objectives:

  1. Develop a platform for the purchase and sale of tokens: Our objective is to create a user-friendly platform that provides a seamless and secure environment for investors to buy and sell tokens backed by agricultural crops. We will ensure transparency, efficiency, and a smooth transaction process.
  2. Create an interface for farmers to register and upload documentation: We aim to design an intuitive interface that allows farmers to easily register and provide the necessary information and documentation to verify their agricultural operations. This interface will streamline the onboarding process and ensure compliance with certification standards.
  3. Implement a real-time certification process traceability system using a chatbot: Our objective is to establish a system that enables real-time registration and visualization of farming activities, ranging from input procurement to the sale of the final product. This system will provide real-time metrics for farmers and relevant data for investors. Additionally, we will generate monthly reports on crop metrics and provide recommendations to improve business and crop profitability. (Note: This traceability system is already 60% developed.)
  4. Develop IoT sensors to monitor climatic conditions: Our goal is to create IoT sensors that can monitor key climatic factors such as temperature, humidity, atmospheric pressure, light intensity, rainfall, and CO2 levels. We will connect these sensors to the Cardano network. Additionally, we aim to finalize the development of a soil sensor with 7 additional sensors to measure factors like temperature, humidity, pH, electrical conductivity, nitrogen, phosphorus, and potassium. The data collected from these sensors will be utilized to make predictions using artificial intelligence models, helping farmers anticipate unfavorable conditions. (Note: The device with environmental sensors is already 80% developed, while the soil sensor is 40% developed.)
  5. Facilitate the generation of non-fungible tokens (NFTs) of harvest certificates: Our objective is to enable the creation of NFTs that provide investors with transparent information about the profitability of their investment. These tokens will serve as digital certificates of harvest and ensure transparency throughout the process.
  6. Establish a legal framework in Colombia for the issuance of tokens backed by agricultural crops harvests: Our goal is to collaborate with regulatory bodies and establish a comprehensive legal framework that ensures compliance and builds trust among stakeholders.

In order to validate the feasibility of our approach, we will conduct tests and pilots with farmers and potential investors. We will measure the achievement of our objectives by monitoring key performance indicators such as the adoption of tokens, transaction growth, and user satisfaction. Additionally, we will assess the compliance of our project with regulatory standards. These measurements will provide valuable insights into the effectiveness and viability of our approach in achieving the intended goals of the project.

In the future, we envision expanding our project to include other export-oriented crops such as coffee, cocoa, among others. Our ultimate goal is to encompass all types of agriculture in Colombia within the same network, allowing for comprehensive information sharing and interoperability among various public and private stakeholders. By achieving this, we aim to create a seamless ecosystem that benefits the entire agricultural sector in Colombia.

Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Milestone 1: Whitepaper Design and Writing (Month 1-2)

Key tasks: Define the token's functionality and ecosystem in the whitepaper.

Success criteria: Complete whitepaper approved by Team, Advisors, Agricultural Producers, Stakeholders.

Milestone 2: UX/UI Software Design (Months 2-4)

Key tasks:

  • Design the website for producer registration
  • Document uploading platform
  • Producer profile dashboard
  • Investment information uploading platform
  • Wallet creation interface
  • Producer profitability interface
  • Producer marketplace dashboard
  • Investor marketplace dashboard
  • Information registration visualization dashboard
  • New data visualization in the application
  • Harvest/sale data visualization interface.

Success criteria: Designs approved by UI/UX team, and the Mango producers.

Milestone 3: Software Development (Months 4-11)

Key tasks:

  • Develop the website for producer registration
  • Document uploading platform
  • Producer profile dashboard
  • Investment information uploading platform
  • Producer documentation generation
  • Producer/property/crop identity generation
  • Identity and VC generation with Atala
  • Producer profitability interface
  • Documentation generation
  • NFT certificate generation
  • Marketplace development
  • Product/service purchase registration platform
  • Chatbot development
  • Registration information visualization dashboard
  • Integration of new variables (TerraBox) in the app
  • Harvest/sale documentation generation from chatbot data
  • Harvest data visualization interface
  • Generation of NFTs with associated metrics
  • NFT delivery system to investors.

Success criteria:

Develop the website for producer registration:

  • The website is fully functional, allowing agricultural producers to register easily and securely.
  • The registration process is user-friendly, with proper validation checks and error handling.

Document uploading platform:

  • The platform enables producers to upload their documents securely and efficiently.
  • Documents are stored securely and can be easily accessed when needed.

Producer profile dashboard:

  • The dashboard provides producers with a comprehensive view of their profile and relevant information.
  • It is user-friendly, visually appealing, and displays data accurately.

Investment information uploading platform:

  • The platform allows producers to upload investment information seamlessly.
  • It ensures the security and integrity of the uploaded data.

Producer documentation generation:

  • The system generates accurate and complete documentation for producers, ensuring compliance and traceability.
  • The generated documents are well-formatted and easily understandable.

Producer/property/crop identity generation:

  • Unique and secure identities are generated for producers, properties, and crops, ensuring data integrity and privacy.
  • The identity generation process is accurate, efficient, and error-free.

Identity and VC generation with Atala:

  • Successful generation of identities and Verifiable Credentials (VC) using Atala, ensuring the authenticity and tamper-proof nature of the generated credentials.

Producer profitability interface:

  • The interface provides producers with real-time insights into their profitability, enabling informed decision-making.
  • It presents data in a clear and intuitive manner, facilitating data analysis and interpretation.

Documentation generation:

  • Accurate and comprehensive documentation is generated for analysis and reporting purposes.
  • The generated documents are well-structured, meeting the required standards.

NFT certificate generation:

  • The system generates NFT certificates for crops and sales, ensuring uniqueness and authenticity.
  • The generated NFT certificates are securely linked to the blockchain, providing traceability and proof of ownership.

Marketplace development:

  • The marketplace is developed with robust functionality, allowing users to buy and sell tokenized agricultural products easily.
  • It ensures smooth and secure transactions, fostering trust and user satisfaction.

Product/service purchase registration platform:

  • The platform enables investors to register their purchases of agricultural products/services accurately.
  • It ensures the proper recording and verification of purchase details.

Chatbot development:

  • The chatbot provides efficient support for registration and information queries, enhancing user experience and satisfaction.
  • It understands user queries accurately and provides relevant responses in a timely manner.

Registration information visualization dashboard:

  • The dashboard visualizes registration information effectively, providing users with a clear overview of registrations and purchases.
  • It offers interactive features for data exploration and analysis.

Integration of new variables (TerraBox) in the app:

  • The app seamlessly integrates new environmental variables, enhancing the understanding of crop needs and conditions.
  • The integrated variables are accurately displayed and contribute to real-time decision-making.

Harvest/sale documentation generation from chatbot data:

  • Accurate and comprehensive documentation for harvests and sales is generated based on chatbot data, ensuring traceability and compliance.
  • The generated documents are properly linked to the relevant transactions and data sources.

Harvest data visualization interface:

  • The interface provides real-time visualization of harvest data, allowing users to monitor and analyze crop performance effectively.
  • It presents data in a visually appealing and informative manner.

Generation of NFTs with associated metrics:

  • NFTs are generated with accurate and relevant metrics, reflecting the performance and attributes of the tokenized agricultural products.
  • The generated NFTs are securely linked to the associated metrics, ensuring transparency and authenticity.

NFT delivery system to investors:

  • The system successfully delivers NFT certificates to investors, ensuring proper ownership and transfer of tokenized agricultural products.
  • The delivery process is secure, reliable, and provides a seamless user experience.

Milestone 4: Client/User and Business Development (Months 9-11)

Key tasks:

  • Design documentation for client/user certification
  • Develop wallet creation
  • Token generation, token delivery, iUSD/DJED/ADA token transfer payment system
  • Certificate generation documentation
  • Crop analysis document generation
  • Token burning development.

Success criteria:

Design documentation for client/user certification:

  • The documentation is comprehensive, outlining the necessary steps and requirements for client/user certification.
  • It provides clear instructions and guidelines, ensuring a smooth certification process.

Develop wallet creation:

  • The wallet creation process is user-friendly and secure, allowing clients/users to create their wallets easily.
  • Wallets are generated successfully, providing a secure storage solution for tokens and transactions.

Token generation, token delivery, iUSD/DJED/ADA token transfer payment system:

  • Tokens are generated accurately and securely, following the specified standards and protocols.
  • The token delivery process is reliable and efficient, ensuring timely distribution to users.
  • The iUSD/DJED/ADA token transfer payment system allows seamless and secure transactions between users.

Certificate generation documentation:

  • The documentation for certificate generation is comprehensive, providing clear instructions and guidelines.
  • Certificates are generated accurately and securely, reflecting the relevant information and attributes.

Crop analysis document generation:

  • Crop analysis documents are generated accurately, providing insightful information about crop performance, yield, and quality.
  • The generated documents are well-structured, visually appealing, and easily understandable.

Token burning development:

  • The token burning mechanism is implemented successfully, ensuring the removal of tokens from circulation when required.
  • Token burning transactions are recorded accurately and securely.

Milestone 5: Hardware and Financial Aspects Development (Months 9-12)

Key tasks:

  • Complete the development of MidBox (environmental sensors)
  • Develop TerraBox (soil sensor)
  • Design crop analysis models
  • Generate crop metric reports
  • Design token burning process.

Success criteria:

Complete the development of MidBox (environmental sensors):

  • MidBox development is successfully finalized, ensuring the functionality and reliability of the environmental sensors.
  • The sensors accurately collect and transmit data on temperature, humidity, light levels, and other relevant environmental factors.
  • Data collected by MidBox is integrated seamlessly into the platform for further analysis and decision-making.

Develop TerraBox (soil sensor):

  • TerraBox development is completed, resulting in a reliable and accurate soil sensor system.
  • The sensors effectively measure soil moisture, pH levels, nutrient content, and other critical soil parameters.
  • Data collected by TerraBox is seamlessly integrated into the platform, providing valuable insights for crop management.

Design crop analysis models:

  • Crop analysis models are designed to analyze key performance indicators, such as growth rates, yield, disease susceptibility, and quality.
  • The models are scientifically sound, incorporating relevant factors and algorithms to provide accurate and meaningful results.
  • The analysis models are adaptable and can be customized for different crop types and growing conditions.

Generate crop metric reports:

  • Crop metric reports are generated based on the analysis of collected data and crop analysis models.
  • The reports provide comprehensive and actionable information, enabling farmers to make informed decisions and optimize crop performance.
  • The generated reports are visually appealing, easy to interpret, and accessible through the platform.

Design token burning process:

  • The token burning process is designed and implemented, allowing the removal of tokens from circulation when necessary.
  • The process ensures transparency and security, recording and verifying token burn transactions accurately.
  • Token burning events are executed effectively, aligning with predefined rules and regulations.

The overall project management approach will include regular progress meetings, task tracking, and collaboration among team members. Each milestone will be monitored based on its schedule, success criteria, and projected costs. Any deviations from the plan will be addressed through appropriate communication and adjustments in resources or timelines as needed.

Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1: Whitepaper Design and Writing (Month 1-2)

Deliverables: A comprehensive whitepaper that outlines the functionality of the token and the ecosystem.

Outputs: A complete and approved whitepaper detailing the token's operation and its associated ecosystem.

Intended outcomes: By completing this milestone, we aim to have a well-defined and documented understanding of the token's functionality and ecosystem, providing stakeholders with a clear vision of our project's direction.

Measurement: The success of this milestone will be measured by the completion and approval of the whitepaper by Team, Potential Investors and Agricultural producers.

Milestone 2: Software Design (Months 2-4)

Deliverables: Designs for various software components including the producer registration website, document uploading platform, producer profile dashboard, investment information uploading platform, wallet creation interface, producer profitability interface, producer marketplace dashboard, investor marketplace dashboard, information registration visualization dashboard, new data visualization in the application, and harvest/sale data visualization interface.

Outputs: Approved designs for each software component mentioned above.

Intended outcomes: The outcome of this milestone is to have well-designed user interfaces and platforms that meet the objectives of user-friendly interactions, seamless transactions, and efficient data management.

Measurement: The success criteria will be the approval of the designs by Team and Farmers.

Milestone 3: Software Development (Months 4-11)

Deliverables: Developed software components including the producer registration website, document uploading platform, producer profile dashboard, investment information uploading platform, producer documentation generation, producer/property/crop identity generation, VC generation with ATALA, producer profitability interface, documentation generation, NFT certificate generation, marketplace development, product/service purchase registration platform, chatbot development, registration information visualization dashboard, integration of new variables in the application, harvest/sale documentation generation from chatbot data, harvest data visualization interface, generation of NFTs with associated metrics, and NFT delivery system to investors.

Outputs: Fully functional software with all the mentioned features implemented.

Intended outcomes: The desired outcome of this milestone is to have a functioning software system that supports the creation, management, and visualization of agricultural tokens, provides real-time metrics, generates necessary documentation, and ensures seamless interactions between farmers and investors.

Measurement: The success of this milestone will be measured by the functionality of the software components and their approval by Team and Users.

Milestone 4: Client/User and Business Development (Months 9-11)

Deliverables: Documentation for client/user certification, wallet creation functionality, token generation, token delivery, USD/ADA token transfer payment system, certificate generation documentation, crop analysis document generation, and token burning functionality.

Outputs: Approved functionalities and documentation mentioned above.

Intended outcomes: The intended outcome of this milestone is to provide clients and users with the necessary tools, functionalities, and documentation to engage with the token ecosystem effectively. Additionally, it aims to establish a framework for secure and transparent transactions.

Measurement: The success criteria will be the approval of the functionalities and documentation by Team, users and farmers.

Milestone 5: Hardware and Financial Aspects Development (Months 9-12)

Deliverables: Completed development of MidBox (environmental sensors), TerraBox (soil sensor), crop analysis models, crop metric reports generation, and token burning process design.

Outputs: Fully functional hardware components and approved financial models.

Intended outcomes: This milestone aims to provide reliable environmental and soil data through the developed sensors, enable data-driven decision-making for farmers, and establish a clear framework for managing token burning. It also focuses on financial modeling for stakeholders to assess the project's profitability.

Measurement: The success of this milestone will be measured by the functionality of the hardware components and the approval of the financial models.

To track our project's progress, we will measure key performance indicators such as the adoption of tokens, transaction growth, user satisfaction, and compliance with regulatory standards. Additionally, we will assess the completion and approval of deliverables, documentation, and designs at each milestone. Regular progress meetings, task tracking, and collaboration among team members will provide the necessary oversight for monitoring and measuring the project's progress effectively.

Please provide a detailed budget breakdown of the proposed work and resources.

Milestone 1: Whitepaper Design and Writing (Month 1)

Whitepaper Cost: 15000 ADA

Responsibles: Ciro, Pablo

Milestone 2: Software Design (Months 2-4)

Software Design Cost: 27000 ADA

Responsibles: Ciro, Pablo, Vargas, Angélica, Valentina

Milestone 3: Software Development (Months 5-8)

Software Development Cost: 54000 ADA

Responsibles: Ciro, Pablo, Vargas, Angélica

Milestone 4: System Traceability Development (APP, CLIMATE, TASKS) (Months 5-8)

System Traceability Development Cost: 42000 ADA

Responsibles: Ciro, Vargas, Angélica, Maria Camila, Jesús Prada

Milestone 5: Producers' Expenses (Months 9-10)

Producers' Expenses Cost: 12000 ADA

Responsible: Carlos Posada

Milestone 6: Legal and Tax Advisory (Months 9-10)

Legal and Tax Advisory Cost: 21000 ADA

Responsible: LegalNova

Milestone 7: Advertising and Marketing (Months 9-10)

Advertising and Marketing Cost: 9000 ADA

Responsible: Maria Camila

Milestone 8: Financial (Business Model) (Months 9-10)

Financial (Business Model) Cost: 15000 ADA

Responsibles: Camilo, Nicolás

Milestone 9: IoT Sensors (Environment, Soil)

IoT Sensors Design Cost: 6000 ADA

IoT Sensors Manufacturing Cost: 3000 ADA

IoT Sensors Electronic Components Cost: 12000 ADA

Responsibles: Ciro, Andrés

Milestone 10: Colombian Tax Provision

Tax Provision Cost: 18000 ADA

Total: 274000 ADA

We will allocate an additional $6500 USD (19500 ADA) for investment in infrastructure and additional working hours. We are also actively seeking $500,000 USD (1.500.000 ADA) in additional funding to further support the project

Who is in the project team and what are their roles?

Ciro Gélvez (Physicist, MSc in Blockchain for Enterprises - Blockchain Architect, Product Owner, CEO)

Role: Blockchain architecture, product ownership, and overall project management.

Experience: I have a professional background in physics and extensive experience in nano and microelectronics research, with published articles in renowned scientific journals. Additionally, I hold a Master's degree in Blockchain for Enterprises, where I focused on designing a blockchain infrastructure specifically tailored for the agricultural sector in Colombia. As a co-founder of wseeds, a startup dedicated to implementing technology in agriculture, we have developed IoT devices for real-time environmental monitoring and utilized data analysis to empower farmers in making informed decisions for their crops. With expertise in business and strategic management, as well as proficiency in SCRUM methodology for team leadership, I have a comprehensive understanding of agricultural techniques and crop implementation. Since 2020, I have been actively engaged in blockchain technology and have pursued specialized courses in identity with Atala, Foundations of Blockchain by Emurgo, stake pool operation, and I am currently undertaking a project-based learning course for Plutus offered by Gimbalabs.

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

Pablo Lazo (Systems Engineer - Blockchain Architect)

Role: Design and development of the project's blockchain architecture.

Experience: Systems Engineer since 1997 with extensive experience in system departments of multinational companies since 1994. In 2018, I became aware of Blockchain and became self-taught in the following years, until 2021 when I opted for a one-year master's program that took the entirety of 2022. This allowed me to acquire the necessary knowledge base in this field. In the mentioned master's program, our thesis topic was agricultural traceability on the blockchain and crop tokenization. We conducted our work based on Cardano and explored the Atala applications built on that network, namely Atala Trace, Scan, and Prism. I took a course on Prism and have plans to expand the use of Cardano through the dissemination of our enterprise applications, starting with the crop traceability one.

https://www.linkedin.com/in/pablo-lazo-villanueva-38b68b7/

Camilo Ávila (Economist - Financial Advisor)

Role: Financial advisory and economic modeling for the project.

Experience: Bachelor’s degree in Economics, Business Administration Minor with focus in Finance, at Los Andes University. Approved CFA Level I and Scrum Master certification. Strong analytical and quantitative skills. 1 year of experience in research, 2 years of experience in consulting at PwC and 4+ years of experience in investment banking and private equity in LATAM and the US. Currently working at Skylightride a private equity company in Atlanta, US. Proven track record in project and company valuation, database management, and team leadership.

https://www.linkedin.com/in/camilo-avila-montes-59b812110/

Nicolás Mantilla (Agroindustrial Engineer - Innovation Catalyst)

Role: Support in innovation management and development of technological solutions for the agroindustrial sector.

Experience: Bachelor´s degree in Agroindustrial Production Engineering. 1.5 years of experience in CRM at a manufacturing company, 1 year of experience in Innovation with startups in the banking industry, and 3 years of experience in Corporate Banking Innovation as the Innovation Leader (currently). Mainly focused in work with startups to accelerate their launch-to-market or their current strategies to success.

https://www.linkedin.com/in/nicolas-mantilla-beltran-9a37a7b5/

Juan Vargas (Physicist - Software Engineer)

Role: Software architecture, development, and project coordination.

Experience: Juan has extensive experience in software development and system architecture. He has worked on blockchain-related projects and has knowledge in using Cardano technology.

https://www.linkedin.com/in/juan-vargas-a049a29a/

Valentina Sandoval (Anthropologist - UX Researcher)

Role: User experience research and design of intuitive interfaces.

Experience: Anthropologist from the University of Los Andes, Colombia, with complementary studies in Design. My interests are oriented towards interdisciplinary research and theoretical-practical approaches to environmental sustainability, gender equity, and sexual rights. I have knowledge in qualitative research methodologies in the social sciences and Design Thinking, which allow me to understand people's experiences, needs, and interests in order to bridge the gap between research and innovation and develop timely solutions.

I have experience in UX design, UX research, fieldwork with communities, and education. At WSEEDS, it is important to me that the solutions we develop are grounded in a human-centered approach and take into account the context and lives they will impact. I believe that working for the agricultural sector means working for the dignity of those who create well-being from the food they cultivate, to us, the consumers. Additionally, I consider Cardano to be driving the movement of people who want to work for shared interests in a viable and responsible manner. I appreciate their work as a low-emission transaction network, as it demonstrates their social and environmental commitment.

https://www.linkedin.com/in/vasando97/

Carlos Posada (Mechanical Engineer - Agrotech Entrepreneur)

Role: Support in the management of agroindustrial producers and implementation of technological solutions for the agricultural sector.

Experience: I am a person motivated by generating a positive social and environmental impact. I studied Mechanical Engineering at Universidad de los Andes and had significant experience in the energy sector starting as an intern and then becoming a territory manager for fuels and lubricants in Colombia, where I had the opportunity to start carrying out energy efficiency projects. Then I decided to turn my career around and did an MSc in Sustainable Energy Systems at Queen Mary University of London in 2017 where I was able to develop clean hydrogen technology as an energy resource. In my return to Colombia I decided to start my business in agriculture by linking up with small and medium producers, distributing their products in the B2B channel and working under fair trade, making the supply chain more efficient. During this process I have managed to work as a consultant in digital transformation and carbon emissions reduction projects. At this point, I am able to consolidate my knowledge to carry out this project as part of the great WSEEDS team and willing to transform agriculture in Colombia and LATAM through the inclusion of traceability and blockchain technologies to create opportunities, improve productivity and generate transversal efficiencies with an exponentialized impact.

https://www.linkedin.com/in/carlos-andres-posada-lopez-b6a9b781/

Jesús Prada (Physicist - Data Scientist)

Role: Data analysis and development of artificial intelligence models for the project.

Experience: Jesús has knowledge in data analysis, machine learning, and predictive modeling. He has worked on data science projects in various domains.

https://www.linkedin.com/in/jesus-prada-452497179/

Angélica Herrera (Physicist - Front-End Developer)

Role: Development of the user interface and user experience (Front-End).

Experience: I have experience in developing user interfaces and implementing front-end solutions worked on projects related to web and mobile technologies.

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

María Camila Jaramillo (Designer - UI/UX Designer)

Role: Design of the user interface and user experience (UI/UX).

Experience: I am a 6th-semester Design student at the University of Los Andes, Colombia, with a strong passion for leveraging design to create impactful experiences in the startup ecosystem. As a Junior Designer at Wseeds, I have had the opportunity to work on various design projects, allowing me to refine my creative skills and problem-solving abilities. From crafting intuitive user interfaces to developing visually compelling brand identities, I have gained a comprehensive understanding of the design process within the startup landscape. With a deep appreciation for the power of design in shaping user perceptions and driving business success, I am excited to contribute my unique perspective and valuable insights to this dynamic project.

Andrés Arias (Mechatronics Engineer - IoT Engineer)

Role: Design and development of IoT sensors for environmental and soil monitoring.

Experience: Andrés has experience in designing and implementing IoT solutions and developing monitoring devices. His focus is on integrating IoT technology in different sectors.

How does the cost of the project represent value for money for the Cardano ecosystem?

The cost of the project represents value for money for the Cardano ecosystem in several ways. Firstly, the costs have been carefully considered and aligned with the project's objectives and deliverables. The proposed budget breakdown reflects the complexity and scope of the work involved in each milestone, ensuring that the necessary resources are allocated appropriately.

In determining the costs, we have taken into account various factors such as the expertise and experience required from the project team members, the time and effort involved in each stage of the project, and the market rates for similar projects in the industry. We have also considered the specific skills and knowledge needed to successfully execute the project, especially in the areas of blockchain technology, software development, financial modeling, agriculture, and user experience design.

While some of the costs may appear high, they are justified by the level of expertise and the value that each team member brings to the project. Their extensive experience in their respective fields, including previous work in blockchain and tecnology related projects, ensures that the project will be executed effectively and efficiently. Moreover, the costs are in line with market rates for specialized services and reflect the level of effort required to achieve the desired outcomes.

Additionally, the project represents value for money by addressing key challenges and opportunities within the Cardano ecosystem. It aims to create a technological ecosystem that enables the creation of tokens backed by agricultural land, providing investors with attractive returns while supporting sustainable agriculture. The potential benefits of the project, such as increased transparency, efficiency, and financial inclusion, contribute to the overall value proposition for the Cardano ecosystem.

By carefully managing the project's budget and resources, we aim to optimize the return on investment and ensure that the allocated funds are utilized effectively. We are committed to delivering the proposed outcomes within the specified timeframe and to providing regular updates and reports to the community to ensure transparency and accountability.

The cost of the project is justified by the expertise and experience of the team members, the alignment of costs with industry standards, and the value that the project brings to the Cardano ecosystem in terms of innovation, sustainability, and long-term growth.

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