Please describe your proposed solution

<u>Problem Insight</u>

The decentralized AI sector faces a critical issue: a lack of transparency in AI model performance metrics and usage statistics. This prevents users and developers from optimizing their models effectively, leading to slower adoption and limited scaling of AI technologies in decentralized environments. The challenge is particularly relevant for Cardano, where transparency and accountability are core values.

<u>Our Approach</u>

AI Insights is a blockchain-based analytics platform designed to enhance transparency and trust in AI models by leveraging Cardano’s secure, decentralized infrastructure. Through the platform, we provide a transparent, immutable record of AI model usage, performance, and transaction data. By integrating with Cardano’s blockchain, AI Insights monitors inference payments and visualizes key performance indicators such as user engagement, popular models, and AI market trends.

This blockchain-backed data ensures that stakeholders can trust the metrics provided, fostering a reliable environment for AI development on Cardano. Additionally, by offering these insights in a decentralized, verifiable manner, we empower developers to optimize their models based on transparent feedback and allow users to make more informed decisions when selecting AI solutions.

<u>Integration with Cardano</u>

AI Insights will be built on Cardano's blockchain, utilizing its transparent, decentralized infrastructure to store and verify AI model data. This integration not only ensures the security and immutability of the data but also enhances the credibility of the Cardano network itself. By offering a use case where blockchain guarantees the transparency of AI models, AI Insights strengthens Cardano's position as a leading platform for decentralized innovation. The system is designed to align with Cardano’s values of openness and collaboration, reinforcing trust among developers and users, and driving further adoption of the blockchain for AI applications.

<u>Engagement and Impact</u>

AI Insights will serve as a critical tool for AI developers and users within the Cardano ecosystem, as well as the broader decentralized AI community. For developers, the platform provides detailed analytics and performance feedback, enabling more effective model refinement and innovation. For users, AI Insights offers clear and verifiable performance data, allowing them to select high-quality AI models with confidence. This engagement will not only foster a thriving developer community but also attract new users to the Cardano ecosystem by demonstrating its utility in real-world AI applications.

<u>Uniqueness and Cardano Community Benefit</u>

What sets AI Insights apart is its unique use of Cardano’s blockchain to enhance transparency and trust in AI analytics. While existing AI analytics platforms might focus on centralized models, AI Insights uses Cardano’s decentralized system to guarantee the accuracy, transparency, and immutability of all performance data. This commitment to openness directly aligns with Cardano’s core values, fostering innovation while helping to scale the adoption of decentralized AI solutions on the platform.

By enhancing trust in AI models through verifiable data, AI Insights will contribute significantly to the Cardano community. It will not only increase user confidence and attract more developers but also promote broader adoption of Cardano’s blockchain.

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

AI Insights will significantly benefit the Cardano ecosystem by providing transparent, blockchain-backed analytics for AI models, boosting both developer innovation and user trust. By offering detailed insights into AI performance, our platform empowers developers to build better models and enables users to make informed decisions, enhancing the quality of decentralized applications on Cardano.

This transparency fosters a reliable environment that attracts new users and developers, driving growth and innovation within the ecosystem. The increased trust and engagement will help position Cardano as a leading platform for decentralized AI solutions.

Key Areas of Impact:

• Developer Innovation: The analytics dashboard will enable developers to refine and improve their AI models, raising the overall standard of AI solutions on Cardano.
• Attracting Users: Transparent data will help users select trusted AI models, boosting confidence and attracting new participants to the ecosystem.
• Ecosystem Growth: By promoting transparency and trust, AI Insights will foster a engaged developer and user community, accelerating Cardano’s growth.

Sharing Outputs and Opportunities:

Outputs and opportunities from AI Insights will be shared widely with the community through several channels:

• Regular updates: Reports on platform usage, metrics, and new developments will be shared via our website, community forums, and through social media channels, ensuring transparency and community involvement.
• Educational Content &amp; Tutorials: Video tutorials and documentation will guide users and developers on how to maximize the benefits of AI Insights, including using its data to enhance AI models or integrate the insights into their own projects.
• Open APIs: Standardized APIs will allow developers to build on AI Insights, extending its utility and fostering innovation across the Cardano ecosystem.

By enhancing transparency, fostering innovation, and engaging the community, AI Insights will create a positive, lasting impact on Cardano’s ecosystem, driving its growth as a hub for decentralized AI solutions.

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?

Feasibility &amp; Relevance

The AI Insights platform is well-positioned for success due to its alignment with current trends and demands within the decentralized AI and blockchain sectors. The core objective is to address the urgent need for enhanced transparency and accountability in AI model performance analytics on blockchain networks, particularly within the Cardano ecosystem. The use of cutting-edge blockchain technology ensures scalability, security, and reliability, making AI Insights a highly relevant and timely solution for developers, users, and other stakeholders. Additionally, by offering robust analytical tools for model performance and transaction data, AI Insights is designed to grow with the expanding needs of decentralized AI applications, delivering continuous value to the Cardano community. This alignment with both present and future technological developments significantly strengthens the project’s feasibility.

Capability &amp; Accountability

Our team comprises several with 5 to 10 years of experience in Machine Learning, Data Science, and Blockchain Technology, each with a track record of delivering successful AI and blockchain projects. To ensure the project's feasibility, we decided to use a phased development strategy that aligns with our milestones. Moreover, we will perform regular project updates to our community.

Our work-philosophy is best described by:

Open: Achievements and insights are shared with our community on a regular basis. Key results and components of our work are published and made available as open-source on GitHub, benefiting all Cardano users.

Transparent: Using clear documentation and academic rigor, we build trust and accountability. Whenever appropriate, we are happy to discuss our work with the community at top-tier blockchain and AI conferences around the globe.

Collaborative: Through collaboration with established industry-peers from our earlier blockchain ventures, we gain regular feedback to continuously improve and adjust where required.

By adhering to these principles of openness, transparency, and collaboration, our team demonstrates its capacity not only to deliver a viable solution but also to foster community trust and engagement throughout the project’s lifecycle.

What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: <u>Milestone 1: Research and Feature Specification</u>

Outputs: Conduct comprehensive market and technical research to define the core features and functionalities required for the AI Insights platform.

Acceptance Criteria: Complete detailed research report highlighting the essential features needed for a decentralized AI analytics platform.

Evidence: Research report in PDF form uploaded to GitHub + announcement on X unboundedMarket channel

Milestone 2: <u>Milestone 2: UI/UX Design Completion</u>

Outputs: The UI design for the AI Insights dashboard, including user flows and integration plans with the Cardano blockchain.

Acceptance Criteria: Finalized design documents and wireframes approved by the project team.

Evidence: Design mockups, wireframes, and Cardano integration plan in the form of a PDF document.

Milestone 3: <u>Milestone 3: Development of MVP</u>

Outputs: Development of the analytics backend capable of monitoring inference payments and accurately tracking AI model usage and performance. Implementation of the frontend visualizing the metrics in a user-friendly manner. The platform's functionality, security, and blockchain integration was tested thoroughly.

Acceptance Criteria: Functional MVP that aligns with the specifications detailed in the research report. Successful blockchain integration to ensure accurate monitoring and data handling. The MVP passes security tests and quality checks.

Evidence: A demo version of AI Insights is available for public access. Detailed documentation explains the usage and features of the platform. A report documents the results of the security and quality checks.

Final Milestone: <u>Final Milestone: Launch and Community Engagement</u>

Outputs: Official launch of the AI Insights MVP with community engagement initiatives.

Acceptance Criteria: Successful launch of MVP website with integration to Cardano (confirmed user accessibility, should include most of the features outlined in the initial research report), Marketing announcement of the launch of the official AI Insights platform.

Evidence: A project close-out report outlining the developments that were achieved over the course of the project, a video tutorial explaining the AI Insights website, launch announcement on X UnboundedMarket channel

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

Timo is a visionary entrepreneur with a deep expertise in robotics, artificial intelligence, and cloud engineering. He holds a Master’s degree in Robotics with a focus on AI applications and co-founded an AI-driven agricultural startup. Timo has published his work at a major conference, demonstrating his ability to merge academic research with real-world solutions. Timo is driven by his passion to unlock the pioneering potential in bringing AI solutions to the blockchain.

Samy is a professional with five years of blockchain development experience and nearly eight years in AI and machine learning. As a developer and researcher, Samy has worked on several DeFi protocols and published peer-reviewed articles in top-tier AI journals and conferences.

Chris is a seasoned software developer and entrepreneur, boasting over four years of specialized experience in blockchain and AI technologies. His in-depth research in AI and blockchain testifies his comprehensive knowledge of the DeFi ecosystem, establishing him as a knowledgeable figure within the community.

Phil is a former AI &amp; Data scientist with a proven academic track record and several years of industrial experience. His professional career revolved around the robotics industry, where he successfully demonstrated the use of AI to tackle challenging problems. As a crypto-enthusiast, he now seeks to contribute to the next wave of blockchain innovation.

Future Recruitment: We plan to potentially recruit additional Cardano-experienced blockchain developers and UI/UX designers as needed to further scale our development efforts.

Please provide a cost breakdown of the proposed work and resources

Funding Strategy: Assumption 1 ADA ≈ $0.35 USD. Deficit Coverage: Any budget shortfalls will be covered by the UnboundedMarket team.

<u>AI Insights Project Budget breakdown</u><u>:</u>

• Project Management: Overall costs: 5,000 ADA

Explanation: Covers project coordination, communication, and timeline management to ensure that the project stays on track and meets its milestones.

• Research Report and Feature Specification: 8,000 ADA

Explanation: Covers the resources for conducting a comprehensive technical and market research to identify and define the key features for a decentralized AI analytics platform.

• AI Insights UI + UX Design:
• UX designer (User Flow and Feature): 3,000 ADA
• UI Designer (AI Insights Data Dashboard Design): 6,000 ADA
• Software licenses (Design tools) : 1,000 ADA

Explanation: Covers the design of a user-friendly interface and experience, ensuring intuitive navigation and seamless application of the platform for both users and developers.

• Website Development (MVP with Cardano Integration):
• Frontend Developer Salaries: 20,000 ADA
• Backend Developer Salaries: 25,000 ADA
• Blockchain Developer Salaries: 10,000 ADA
• Quality Assurance Engineer Salaries: 5,000 ADA

Explanation: The project’s main focus will be the development of creating the MVP with full Cardano blockchain integration, including a stable frontend and backend that meet quality and performance standards.

• Operational Costs:
• Hosting and Infrastructure: 5,000 ADA

Explanation: Provides the necessary infrastructure and reliable hosting to ensure the platform operates smoothly and scales for long-term success.

• Documentation + Community Communication: 5,000 ADA

Explanation: Ensures transparency through detailed documentation and consistent communication with the community, providing regular updates and fostering engagement.

• Market Material and Announcements: 2,000 ADA

Explanation: Increase the awareness and adoption of the AI Insights platform to attract developers and users to Cardano.

Overall budget required: 95,000 ADA

This budget has been carefully planned to align with the specific milestones and objectives. It includes essential components such as professional services, hosting infrastructure, and community engagement activities. Each part of the project, from design and development to community engagement, is adequately funded to ensure both the successful launch of the MVP and the platform’s long-term sustainability.

No dependencies.

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

Justification of Costs

The budget for AI Insights is strategically designed to ensure the efficient use of funds, focusing on the critical project components necessary for creating a robust and scalable platform that enhances AI transparency on the blockchain. Developer salaries and professional services rates are aligned with standard industry rates, ensuring competitive compensation for skilled professionals. This approach guarantees the delivery of the high-quality product while maintaining cost-effectiveness.

Software and Infrastructure Costs

The budget includes necessary design and development tools like Adobe Suite and infrastructure costs for cloud servers, which is essential for ensuring a secure and scalable platform. These tools are vital for effective software development and maintenance, and the budget reflects the use of industry-standard licenses. Cloud servers, in particular, provide the flexibility and scalability needed to support the growing platform and user base, ensuring reliability and performance as the project expands.

Marketing and Project Documentation

Allocating funds for marketing and detailed documentation enhances transparency and drives user adoption and engagement, which is essential for community growth and platform success. By investing in these areas, AI Insights can effectively reach developers and users, encouraging them to participate in the platform. Clear and thorough documentation also ensures that users and developers can easily access and understand the platform's capabilities, which is essential for long-term success. This investment will help grow the Cardano ecosystem by attracting new participants and fostering innovation.

Return on Investment

The return on investment (ROI) for AI Insights is significant, as it addresses a critical need for transparency and trust in AI models within the Cardano ecosystem. By providing detailed performance metrics and further insights, the platform empowers AI developers to improve their models and allows users to make informed decisions. This will drive the adoption of decentralized AI applications, enhance developer participation, and increase user trust in blockchain-based AI solutions. The milestone-based approach ensures that funds are used efficiently, and project accountability is maintained throughout the development process.

Overall, AI Insights offers excellent value by effectively using the budget to enhance Cardano's technological infrastructure and community engagement, promoting trust, innovation and growth in decentralized AI applications.