Please describe your proposed solution.
PillarWheel Studios is built out of a need to organize developers around Northwest Arkansas into a centralized LLC, at first, that also incorporates decentralized autonomous organizational tools centered on the Cardano blockchain for its internal organization of consultants and developers.
Our CTO is focused on building PillarWheel Studios in a utility app space providing SSI solutions for U.S. higher education immigration compliance, and also economic simulations.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
The Cardano blockchain is our choice of blockchain integrations for many reasons–some being that our missions have similarity. We will use Cardano as our blockchain of choice for our products, and this proposal will assist in building the infrastructure needed to develop these products and services.
We seek to be frugal with our received funds–using them as a means to obtain larger funding aside from the Catalyst/Cardano community.
Pillarwheel Studios is built out of a need to organize media and game developers and producers around Northwest Arkansas into a collective. Northwest Arkansas is home to a few corporate headquarters (Wal-Mart, J.B. Hunt, Tyson, etc.), and was ranked in the top 10 places to live.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Starting a new venture can be difficult. I have been part of a few startups, one raising millions of U.S. dollars, and have seen more failure than success. Sometimes the strategy would be strong, but the infrastructure weak. The company name of "Pillarwheel" came from studying what can go correctly, and what variables contributed to the success of the startups I have been involved in. Not only is a foundation of strategy, business plans, and the like important–so is having plans of action, partnerships, and the ability to move through those strategies. With persistence, and a conservative use of funds: will mitigate these risks, and soften any impact of possible failure.