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 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 grant rights to the benefits of a specific area of farmland. These tokens serve as a digital representation of the farmland 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, we establish a robust system for real-time traceability of farming activities. This involves recording and documenting 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.
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. 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.

Please define the positive impact your project will have on the wider Cardano community.

Our project will have a substantial positive impact on the wider Cardano community, focusing on crop tokenization and the use of smart contracts to revolutionize agricultural practices. This will significantly enhance Cardano's adoption in the agricultural sector, showcasing its utility beyond conventional financial realms and empowering farmers through access to decentralized finance.

To measure our project's success, we will monitor several Key Performance Indicators (KPIs) including:

1. Number of farmers adopting crop tokenization on our platform, reflecting direct engagement and acceptance within the agricultural community.
2. Total investment volume in crop tokens, indicating the economic activity and investor confidence generated through our platform.
3. Frequency and volume of transactions on the Cardano network related to our project, as a measure of platform utilization and network activity.
4. Farmer financial growth metrics, assessing the economic impact on individual farmers, such as increases in income or savings on operational costs.
5. User satisfaction rates, gauged through regular surveys and feedback sessions, to measure the platform's usability and overall reception.
6. Increase in Cardano network users, tracking new registrations or active users linked to our agricultural project, as a measure of community growth.

We will share these insights through detailed reports, academic publications, and presentations at industry events. This transparent sharing of results and impacts will not only validate our project's effectiveness but also encourage further innovation and collaboration within the Cardano ecosystem, thus enriching its value and appeal.

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

We are well-equipped to deliver this project with high levels of trust and accountability. Our team consists of more than 9 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 $15,000 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 key milestones you need to achieve in order to complete your project successfully?

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.

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: 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.

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)

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
• 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.

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.

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)

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.

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)

Key tasks:

• Design crop analysis models
• Generate crop metric reports
• Design token burning process.

Success criteria:

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.

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.

>Proof of Concept (PoC)

Description:

The final milestone focuses on obtaining a Proof of Concept (PoC) for the project. This milestone will validate the feasibility, functionality, and potential impact of the designed software systems, financial models, and the token ecosystem developed in previous milestones.

Deliverables:

1. PoC Execution: Implementation of a scaled-down version of the complete system to demonstrate the core functionalities and interactions within the ecosystem.
2. PoC Evaluation Report: A detailed report assessing the effectiveness, user experience, and potential market impact of the developed systems.

Outputs:

1. Functional Demonstration of Software Systems: Showcasing the operational aspects of the software components like registration platforms, wallets, marketplaces, and visualization dashboards.
2. Preliminary Data and User Feedback: Collection of initial data from the PoC usage and user feedback for analysis.

Intended Outcomes:

1. Validation of Software Systems and Financial Models: Confirming that the software components work harmoniously and the financial models are viable.
2. Assessment of User Acceptance: Gauging the ease of use, user engagement, and satisfaction levels among investors and producers.
3. Evaluation of Market Readiness: Understanding the market readiness of the product and identifying any areas that require further development or adjustment.

Measurement:

1. Successful Implementation and Execution of PoC: The PoC should be implemented successfully and exhibit all the primary functionalities of the system.
2. Analysis of User Feedback and Data: Positive user feedback and data analysis from the PoC that indicate the system's effectiveness and user-friendliness.
3. Comprehensive Evaluation Report Review: The final evaluation report should confirm that the PoC meets the project’s objectives and is poised for a successful market introduction.

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: Physicist with over 5 years of software development experience, is an expert at the crossroads of technology and innovation. With a profound involvement in product planning and user interactions, he has been a driving force in startups and small teams. Founding two companies himself, Juan's journey led him to a prominent role as a software engineer at a renowned LMS developer. As the CTO of Colombian startup Wseeds, he's spearheading affordable agricultural technology to fortify South America's global market presence in food production.

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/

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.

Please provide a cost 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: 17000 ADA

Responsibles: Ciro, Pablo, Vargas, Valentina

Milestone 3: Software Development (Months 5-8)

Software Development Cost: 24000 ADA

Responsibles: Ciro, Pablo, Vargas

Milestone 4: System Traceability Development (Months 5-8)

System Traceability Development Cost: 16000 ADA

Responsibles: Ciro, Vargas, Maria Camila, Jesús Prada

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

Producers' Expenses Cost: 2000 ADA

Responsible: Carlos Posada

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

Legal and Tax Advisory Cost: 11000 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: 5000 ADA

Responsibles: Camilo, Nicolás

Milestone 10: Colombian Tax Provision

Tax Provision Cost: 1000 ADA

Total: 100000 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

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.