Please describe your proposed solution.
At the same time that Goodwall is often rewarding youth that participate in its challenges with monetary prizes, processing individual payments for youth that sometimes do not have a bank account nor access to services like PayPal or Transferwise is always very stressful and inefficient.
The integration of Goodwall with Yoroi wallet will enable our over 2M users to easily access their monetary prizes in ADA, and it will happen in three phases:
Phase 1) Program Preparation: our tech team will define the scope of work needed for wallet integration and design fit into our existing architecture. At the same time, our design and marketing team will start developing content to explain how the wallet will work to our users.
Phase 2) Program Execution: the development of the wallet integration with Yoroi will start
and we will add ADA as a payout option for challenges. Once completed, the implementation goes through QA testing
Phase 3) Program Results: Goodwall will market the new offering to payout instantly in ADA
and will track usage of ADA for payouts
Please describe how your proposed solution will address the Challenge that you have submitted it in.
Most of Goodwall’s user are based in Africa and sending them monetary rewards through Paypal, Transferwise or similar services is very often challenging.
By integrating Goodwall with the Yoroi wallet for web and mobile, our users will only need to enter their waller ID to relieve payments in ADA.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
- Education: our main challenge will be educating our users who are new to crypto to trust and use the system.
- Budgeting issues - It is necessary to use our project scheduling tool, following the budgeting procedure, and make realistic assumptions to avoid cost overruns.
- Limited engagement of stakeholders - Goodwall will collaborate closely with Cardano and other partners to develop this, so their engagement is key.
- Lack of Information or resistance by users - Users might not understand the purpose of this Tokenization - We will create some informative posts for the users to be fully aware of what they are earning.
- Technical Problems - We will mitigate this by giving a lot of time on the development of our project + we will be aware of any technical problem and find a way to solve it as fast as possible