Please describe your proposed solution

Problem Insight:

The decentralized AI field suffers from a lack of transparency regarding performance metrics and usage statistics. This hinders users' and developers' ability to effectively assess, trust, and optimize these models, thus slowing down the adoption and scaling of AI technologies in decentralized environments.

Our Approach:

AI Insights is a blockchain-based analytics platform designed to enhance transparency and trust in AI models by providing a comprehensive overview of model usage, performance, and transactions. By monitoring inference payments on the blockchain and visualizing key metrics such as user engagement, popular models, and market trends, our platform enables stakeholders, users and developers to make well-informed decisions. This approach fosters a reliable and trustworthy environment for the development of blockchain-based AI solutions, enhancing both transparency and efficiency.

Engagement and Impact:

AI Insights will have a significant impact for AI developers, users, and blockchain enthusiasts. By providing a powerful tool for insights in AI models, we empower developers to improve their models and users to make informed decisions.

Uniqueness and Cardano Community Benefit:

AI Insights is unique in its use of blockchain to enhance transparency and reliability in AI model analytics. Our solution aligns with Cardano’s commitment to innovation and transparency, promoting wider adoption of its blockchain and benefiting the entire community by enhancing AI model quality and showing AI market trends.

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

Positive Impact on the Cardano Community:

AI Insights will directly contribute to the Cardano community by enhancing the utility and adoption of its blockchain. By providing a platform that ensures transparency and reliability in AI model analytics, we will boost confidence among users and developers. Model scores will promote the creation of high-quality AI models. This will not only enhance the quality of decentralized applications running on Cardano but also attract new users and developers to the ecosystem, fostering growth and innovation.

Impact Measurement:

The impact of AI Insights will be measured through both quantitative and qualitative methods:

1. Quantitative Metrics: We will measure the number of transactions processed by our analytics platform, the number of active users relying on our insights dashboard, and the growth in the number of listed AI models.
2. Qualitative Feedback: We will gather feedback from AI users and developers on a regular basis and will conduct community surveys to continuously improve our services benefiting the Cardano ecosystem.

Sharing Outputs and Opportunities:

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

• Regular updates and reports will be posted on our website, community forums, and through social media to keep stakeholders informed.
• Video tutorials will demonstrate users and developers about how to leverage AI Insights for their own projects.
• Standardized APIs will be developed to allow other developers to build on our platform, ensuring that the benefits of AI Insights can be integrated into a wide range of applications within the Cardano ecosystem.

Through these strategies, AI Insights aims to create a robust and engaged community around its platform, continuously feeding back into the ecosystem to maintain and accelerate its growth.

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 & Relevance The success of AI Insights is supported by its strong alignment with existing trends and demands within decentralized AI markets. Our platform fills a critical need for enhanced transparency and analytics in AI model performance on blockchain systems. We utilize cutting-edge blockchain and AI technologies to ensure scalability and security, making AI Insights a pertinent and timely solution for stakeholders in the Cardano ecosystem. This alignment not only underscores the project's feasibility but also its relevance to current and future needs, ensuring it provides significant value to the Cardano community.

Capability & Accountability Our team comprises several professionals with 5 to 10 years of experience in the fields of Machine Learning, Data Science, and Blockchain Technology. To validate our approach'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.

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

Milestone 1: Research and Feature Specification

Outputs: Conduct comprehensive market and technical research to determine the precise 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: UI/UX Design Completion

Outputs: Completed UI design for the AI Insights dashboard and comprehensive user flow and feature design by a UX designer including plans for integration with the Cardano blockchain.

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

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

Milestone 3: Development of MVP

Outputs: Development of the analytics backend capable of monitoring inference payments and accurately tracking AI model usage and performance and implementation of the frontend visualizing those metrics. 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: Launch and Community Engagement

Outputs: Official launch of the AI Insights platform MVP

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 & 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.

Please provide a cost breakdown of the proposed work and resources

Funding Strategy:

• Assumption 1 ADA ≈ $0.45 USD.
• Deficit Coverage: Any budget shortfalls will be covered by the UnboundedMarket team.

AI Insights Project Budget breakdown:

Project Management: Overall costs: 5,000 ADA

Research Report: Platform feature planning and write-up: 8,000 ADA

AI Insights UI + UX Design:

• UX designer (User Flow and Feature): 7,000 ADA
• UI Designer (AI Insights Data Dashboard Design): 15,000 ADA
• Software licenses (Design tools) : 1,000 ADA

Website Development (MVP with Cardano Integration):

• Frontend Developer Salaries: 20,000 ADA
• Backend Developer Salaries: 25,000 ADA
• Blockchain Developer Salaries: 7,000 ADA
• Quality Assurance Engineer Salaries: 3,000 ADA

Operational Costs:

• Hosting and Infrastructure: 3,000 ADA
• Documentation + Community Communication: 4,000 ADA

Market Material (incl. announcements): 2,000 ADA

Overall budget required: 100,000 ADA

This budget has been carefully planned to align with the specific milestones and goals of AI Insights, including professional services, hosting infrastructure, and community engagement activities. It ensures that each segment of the project - from design to development and community engagement - is adequately funded to achieve both initial milestones and 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 ensures 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 reflect average industry costs, ensuring competitive compensation for skilled professionals.

Software and Infrastructure Costs:

The budget includes necessary design and development tools like Adobe Suite and infrastructure costs for cloud servers, which are crucial for building a secure, scalable platform. These tools are standard for software development, priced according to industry licenses.

Marketing and Project Documentation:

Allocating funds for marketing and detailed documentation drives user adoption and engagement, essential for community growth and platform success. This helps attract more developers and users to Cardano, enriching the ecosystem.

Return on Investment:

Investing in AI Insights will significantly boost the analytical capabilities within the Cardano ecosystem, building trust for AI models by providing detailed insights benefiting AI developers and users. Our milestone-based approach and phased release ensure efficient use of funds and maintain accountability, providing immediate benefits to the community. AI Insights enhances both trust and participation in the Cardano network and supports Cardano's goals of technological advancement and broad adoption.

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.