Please describe your proposed solution.
The problem of widespread blockchain adaptation centers around ease of adaptation. Can the Cardano ecosystem set the standards and become the catalyst for a digital/blockchain awakening ?
The antiques market is International, fully decentralized, and represents all economic strata across many different cultures. Thus successful integration of the Cardano ecosystem here sets up successful integration everywhere.
This project will engage key people from all sectors of the antiques business: dealers, auction houses, collectors, show promoters, internet market providers, designers, decorators, and trade paper editors. It will also engage key Cardano contributors in the areas of payment systems, wallets, smart contracts, NFTs, and metaverse projects.
The total project will be implemented in 3 proposals:
- (This proposal): Analysis of the antiques market opportunity, and specific recommendations on how Cardano can become the ecosystem of choice.
- Proposal 2: Astute planning and strategy for Cardano integration.
- Proposal 3: Flawless execution.
The outputs of these proposals will be:
- (This proposal) A Lite Paper that quantifies the challenge and lays out the path forward….a careful delineation of “action tracks” that will lead Cardano to the ultimate objective of widespread adaptation.
- Proposal 2 Specific planning and strategy based on the selected action tracks created in Proposal 1.
- Proposal 3 Flawless rollout, monitoring, and follow-up.
The result of this work will be wide-spread adaptation of the blockchain and Web 3 due to a seamless interface evolving from the Cardano ecosystem.
This will be the first project to specifically identify and address a high value target market of potential Cardano adaptors that encompasses the full spectrum of social and economic metrics.
As Cardano advances, we all advance. This project will challenge Cardano developers to look backwards, not just forward, and thus seize the opportunity to build sustainable loyalty in a vast market that is sophisticated, highly profitable, endlessly creative, and totally entrepreneurial.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
Clear and careful assessment and recommendations of how to integrate Cardano into a market that is successful, powerful, international, and thoroughly socially diverse will lead to broad acceptance everywhere for blockchain technology and Web 3 innovations.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
The antiques market, at present, does not need Cardano. It is a huge, multi-layered market that is entrenched, profitable, fully decentralized and very happy. It is also tech wary. My challenge will be to convince Cardano to think upside down and integrate into the old rather than trying to encourage the antiques business to jump into the new.