Please describe your proposed solution.
The Challenge:
The rise in COVID cases resulted in more movement restrictions of most countries led people to check-in and shop more online than buying pet supplies in physical stores. Using a blockchain based pet application with digital payment integration brings pet communities together, build relationships and provides pet owners with care assistance at the comfort of their home. Using mobile phone artificial intelligence and technology, allows owners to build a new social network amongst other pet owners.
Our Solution:
Petlove is a platform that delivers an advanced ecosystem that shows transparency, traceability, and creating value for pets and pet owners by using Cardano Blockchain Technology and NFT to securely deliver resources, to improve the quality-of-care pets receive, and to strengthen the value of our global pet community.
Petlove is also revolutionizing data ownership as pet owners can now be rewarded for sharing the information they collect around their pet. Everything from vet visits, to pet stores, or even pet daycares can be desirable data for the pet industry. There will be number of veterinary clinics, pet stores, and other groups that will be interested in joining our platform. This will create a hybrid e-commerce marketplace where pet owners, vendors, doctors, service providers can freely buy and sell pet products and services through an app.
We will give more details in the coming days.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
Our Petlove platform is a layered solution to a number of challenges in the pet care industry. Our Petlove's core components architecture are the pet identification system, generalized document storage system and the data marketplace. With the help of Cardano, Petlove will use a combination of blockchain smart contracts and NFT to organize and store collected information and to facilitate personalized data monetization.
We will give more details in the coming days.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Factors that could cause or contribute to prevent Petlove in delivering the project successfully:
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Petlove’s reliance on one or more suppliers relies on certain technology and technology hosting providers. Petlove cannot guarantee the continued operations of those providers or the absence of service interruptions from those providers due to their operations.
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Petlove’s business plan assumes continuing growth of pet markets. If the pet markets cease growth or if their growth slows, that could adversely impact the platform.
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Changes in general economic or business conditions could adversely impact demand for Petlove’s platform and as a result it could adversely impact its performance and its ability to execute its business plan.
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Petlove’s business plan assumes certain levels of expenditures and costs. Should the actual level of those expenses or costs significantly increase, it could adversely impact the platform.
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Other catastrophic events and natural disasters, acts of war or terrorist activities, and other economic and political risks and uncertainties.
We will give more details in the coming days.