(https://www.youtube.com/watch?v=R6gs_smTfmw&t=91s)
<u>Adoption:</u>
Stake pools feedback:
Crowd Stake contracts allow the concentration of different stake sources to jointly delegate to a specific stake pool.
This union empowers the decision of the participants, since the total amount collected will drive the chosen stake pool, in the same way that the users themselves benefit from carrying out this activity together, the stake pool will benefit from these practices.
As part of the project, a partnership plan with single stake pool operators will be designed. Thus supporting and boosting the most needy stake pool businesses.
In the case that a contract does not reach a significant stake, partners with larger stake will be used to try to maximize rewards.
<u>Local adoption:</u>
Support for local languages that drive the use of the decentralized savings system with Cardano through mobile devices.
Blocking problem and evidences:
The connection between mobile applications and smart contracts requires libraries compatible with languages such as Java and Swift.
These libraries take longer to implement, so we will first see the connector available for web applications.
The final integration of smart contracts to put the mobile savings system into production will depend on the availability of the PAB (Plutus Application Backend) implementation by IOHK and, subsequently, adapted by the dcSpark connector .
<u>Future plans:</u>
- Integrate Crowd-Staking mechanism with the Thrift Wallet.
- Fully functional personal finance wallet; monitor, budget, plan, understand and make informed financial decisions.
- Aggregated Lending.
- P2P Crypto to fiat exchange and vice versa.
- Crowd-funding vetted projects (DAO).
- Utility bill payments.
<u>Desired outcome:</u>
Smart Contracts: Plutus Developers = 9 000 USD
Legal registration and licenses = 200 USD
-> Total: 9 200$
<u>Timeline:</u>
6 months development since the time funds are received.
The Team:
Project Manager & Growth Hacker: Odosu Josiah is an active member of the Cardano community, Plutus Pioneer, Founder of Thrift.finance, founder of two businesses on ground in Nigeria focused in bridging IT and e-commerce gaps for local businesses with previous experience in the banking sector (GTBank).
<https://www.linkedin.com/in/cjosiah/>
Plutus Smart-Contract and Back-end Developer: Greg Nwosu is a Plutus pioneer, pro programmer with over 19 years experience using various languages, including Haskell in diverse fields like the banking sector, machine learning, advertising and marketing. He is a Big Data and infrastructure engineer for Barclays and RBS and senior Java developer for IG Index exchange.
<https://www.linkedin.com/in/greg-nwosu/>
Business Intelligence Analyst: Fola Ijaiya is a business intelligence analyst, he has 5 years experience in business intelligence, IT and finance space, currently contracted as a B.I Analyst with a team involved in finance. He has been in the crypto-currency space since 2017.
<https://www.linkedin.com/in/adefolajuwon-ijaiya-481b9b1a5/>
Wallet Developer: Jaime Caso Onzain is the founder of C64 wallet, Cardano ambassador, Cardano stake pool operator (BOOST), full-stack developer, Emurgo Academy alumni, genesis founding member & tester for Mina protocol and a blockchain developer at Ardana.
<https://www.linkedin.com/in/jaime-caso/>
<u>Intellectual property:</u> Open source
Project Links: https://linktr.ee/thrift.finance
<u>References:</u>
<https://qz.com/africa/1392527/africas-ancient-practices-are-being-digitized-for-the-future/>
<https://www.sciencedirect.com/science/article/pii/S0305750X12000496>
https://www.researchgate.net/publication/322818490_Esusu_-_Global_Encyclopaedia_of_Informality