Please describe your proposed solution.
<u>Solution</u>
As a member of ETH, the best solution is to start from scratch, to make communities and reach more people outside the circle of community. Businessman, Media, and also universities. After reaching them out, The content will drive many people to take advantage of the main use of Cardano, which can be seen through financial implementation. Education and providing a form of cooperation to Startups such as Fintech (lending and borrowing), Crowdfunding which in Indonesia has many forms of CSR and NGO locally. Many industries will join these projects which will take more than a year.
> As we know that beside India, Indonesia also has a specific market which uses a lending platform and to provide more transparency, clear, and no ambiguity among each debtor competition and more robust lending fintech will be trusted.
> The crowdfunding in Indonesia also has so many issues such as word of mouth marketing, which tend to make changes of pricing application on the market, none of the less reducing the income for the community which create these crowdfunding.
The proposed solution will be considered as the main framework of this project, which includes helping directly by these Indonesian Teams to launch and emerge on the surface through many activities such as:
- Workshops,
- Initiatives through conferences,
- Local onsite attendees.
- Build a new Platform for implementation the framework
Going to a specific company will take time to offer help to a specific scope of work and let them be motivated whether the cooperation together will end with a short contract. This kind of cooperation will be noncommercial which is effective to boost people’s thoughts rather than making usual education.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
How to proposed will address that challenge are by delegating some team to do a quick research and make a division and also a collaborate with many universities, many startups, and also fintech under <u>BAPPEPTI </u>(the regulator of Indonesia) and <u>KOMINFO </u>(the watcher of the Indonesian government for investment companies).
<u>Activities:</u>
- Diversified which will suit to be engaged first, based on the trending issue and momentum, because some local token which used the actor role to promote them make great suffering on people’s heart. The address solution will directly go through its vital situation, by surrounding the government with people’s voices for openness and trying to vocalize it on entrepreneurs.
- Going to offer help to a specific scope of work and let them be motivated whether the cooperation together will end with a short contract. This kind of cooperation will be noncommercial which is effective to boost people’s thoughts rather than making usual education.
- Launch and emerge on the surface through many activities solutions and services to operate legally in their residing country will open new possibilities and provide peace of mind to the project owners.
<u>Purpose:</u>
- These Activities aim to increase this proposal's impact on the Ecosystem on financial frameworks that are explored and established.
- These Activities aim to helping members of the community Cardano & Catalyst to apply financial framework to their activities.
- This will in turn promote adoption and improve product ownership. there is mapping the needs of community members of Cardano & Catalyst related to finance
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
<u>RISK</u>
- The regulation of Indonesia and the knowledge of IT and accounting in Indonesia yet not aware of the blockchain concept.
- People have interest in donating, let's start with that, NGO in Indonesia seem very legit and are being heard by the government in the province area.
For this big ISSUE for BLOCKCHAIN we can create some activities to provide awareness about the Blockchain ecosystem, and also do collaboration with universities, Company, and political party.
- The first step will be started through collaboration with universities, the goal is for students to have an impact who can pass this information on to the wider community.
- The second step is collaboration with political parties to be able to convey this blockchain information to be applied to the government
- The third step is collaboration with companies that already use technology both at the startup level and large companies.
- The fourth step is collaboration with finance professionals to make corrections and filters on blockchain-based financial systems
- The fifth step is collaboration with academics in the field of finance to validate the system used in blockchain-based financial systems