not approved
Cooperative dApp
Current Project Status
Unfunded
Amount
Received
$0
Amount
Requested
$300,000
Percentage
Received
0.00%
Solution

We are looking to develop a payment dApp for cooperatives & NGO’s in Africa, with a transparent payment system where transactions only goes trough when accepted by other members in the cooperative.

Problem

Cooperatives and NGO’s in Africa have for decades suffered from corruption and financial injustice. Only 1% of members receive the majority of the money. There is a lack of transparency and trust.

Impact / Alignment
Feasibility
Auditability

Team

1 member

Cooperative dApp

Please describe your proposed solution.

Our cooperative dApp will help prohibit corruption and make it possible for cooperative members to have a fair payment system, where all members have a saying and are able to agree on financial decision making.

Please describe how your proposed solution will address the Challenge that you have submitted it in.

Before transactions go trough they will be frozen until members of the cooperative have agreed and accepted the transaction. The dApp will serve as a tool for this and works as a transparent ledger.This ensures all members have to agree and receives a fair share of the value as upon agreement.

What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

The risk is corruption within the cooperative and we will avoid this using smart contracts and a third party payment system where members get a notice in the dApp that they sign to accept the transaction as agreed on.

Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

1; Get members onboard - one cooperative in Uganda or Ethiopia will be used as pilot project.

2; Develop dApp for their needs

3; Adjust trough trial and error

4; Scale to other Cooperatives and NGO's together with more institutions.

Please provide a detailed budget breakdown.

200 000 dApp development

100 000 salaries and travel

Please provide details of the people who will work on the project.

Karl Erik Johansson - Project Coordinator

Sandra Larsson - Business development

Billy Wideling - Developer

Sara Taxen - Economy

Thomas - Lawyer and landowner in Uganda, Tanzania

Universities in Uganda

Cooperatives in Uganda

If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

Yes if successful and in need for further grants we are open for the option to apply again.

Please describe what you will measure to track your project's progress, and how will you measure these?

Progress will be measured in success in solving the problem of corruption and increased financial justice within cooperatives and NGO's. Members of the organisation will be payed a higher salary and be able to increase their livelihoods, increasing resilience amongst the African population.

What does success for this project look like?

Success is finding a payment system that is transparent and fair, supporting entrepreneurship and increasing livelihoods.

Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

New

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