Please describe your proposed solution.
There aren’t any clean methods for managing shared property and resources. Typically, lawyers and legal contracts are involved at a large cost even though the structure is fairly standardized across different applications, depending on whether an organization (shared entity) or piece of property (shared resource).
We propose a simple process flow where DIDs and digital assets (ie. real estate) are the basis for smart contracts. A user can obtain/manage a digital identity, tokenize documents, and consequently tokenize assets. These tokens can then be wrapped in a smart contract to extend into the functions of leasing, amortization, or representation of shared ownership.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
This product integrates DIDs, tokenized assets, and smart contracts to offer legitimate utility for the ecosystem.
How do you intend to measure the success of your project?
Possible metrics:
• Number of wallet connections
• Number of smart contracts launched
Please describe your plans to share the outputs and results of your project?
We hope to share our success/failure with the greater community and conclude this project with a formal report write up. After the formal write up, that content can be easily converted into a powerpoint, a medium article, and a thread of tweets. The powerpoint would be presented a Cardano meetup in Miami.