Detailed Plan
Problem statement
There is 53,6 million tons of e-waste generated per year globally, while 28% of the population are willing to share their gadgets.
Describe your solution to the problem
Creating an end-to-end solution that allows people to safely share and rent their tech gadgets guaranteed by a Cardano based smart contract.
Relevant experience
We are a multidisciplinary team of 6 professionals with a vast skill set from tech, UX/UI, product design, business, marketing and branding.
Plan
We believe the new smart contract technology should be brought to the user in an easy way to make it accessible for everyone step by step. We want to not only bring smart contracts closer to the common user, but also participate in developing a more sustainable world by supporting the megatrend of the circular economy.
Sharing marketplaces tend to fail because of the lack of a narrow focus, so we will first deliver a dApp that will allow consumers to establish a contract for sharing or renting tech belongings based on Cardano. After validating MVP, we will deliver a sharing marketplace where customers can publish and look for the gadgets they want, but also allow them to do it safely for both sides.
Market
The sharing economy is set to reach $335 billion by 2025.
Companies working the sharing economies will grow by 2,133% in 12 years
28% of users around the world are willing to share their electronics.
Tokenomics have not been introduced in this kind of marketplaces yet
Our software solution addresses the lack of trust to share a high-value tech asset while allowing people to monetize from it.
Product
Our software solution will initially approach the reduction of e-waste while giving people access to tech that they need with a lower entry barrier, or to money from what they don’t use on a regular basis.
Challenges
When people borrow their belongings in exhange for money, there is always room for misuse and dishonesty. In our system we want to reward good behavior with i.e. dynamic fees, and in general make it easier to follow the rules than break them. An insurance to a certain level will be included in the fees. We communicate to the user strongly that the contract made in the platform are legally binding.
Monetization
Our cashflow will come from three channels: pay per use, subscriptions and B2B services with single payment.
Acquisition
P2P marketplaces such as Wallapop or Eneba are already facing a “lack of trust” and addressing that well will drive acquisition, which combined with our software and the sharing & renting opportunity will drive retention.
Monopoly
We can establish a standard in the sharing & renting smart contracts ecosystem, but also in the general democratization of quick & easy smart contracts.
Show us the money
We will need $56.000 to develop the first dApp version and validate the product market fit of the sharing marketplace in 3 months.
Labour
A) 4 product & engineering members - $2200 month - $26.400
B) 2 marketing, business & customer operations - $2200 month - $13.200
We are looking for a Cardano developer expert
Roadmap
Month 1 - Developing the app to sign tech renting & sharing contracts and ops and market validation.
Month 3 - Launching the signing contracts app and getting market traction. Start developing marketplace MVP.
Month 6 - Deliver marketplace MVP and gain business traction.
KPIs
Month 1 KPIs
- dApp delivery (% of delivery) - 50%
- Insurance contracts signed - 5
- Product market fit validation - 500 surveys completed.
Month 2 KPIs
- dApp delivery (% of delivery) - 70%
- Insurance contracts signed - 15
- Product market fit validation - 1000 surveys completed.
Month 3 KPIs
- dApp delivery (% of delivery) - 100%
- New users - 100
- Insurance contracts signed - 15
Defining success
In the first 3 months with this funding the goal is to develop the first tool approach for signing a smart contract which consolidates a sharing transaction between two users: both “free” transactions (a.k.a sharing) & “paid” transactions (a.k.a rentals).
The final goal is having 1000 active users within 2000 completed sharing or renting transactions in 12 months.
Team
Noora Korhonen, Alicia Monleón, Andrea Noche, Luis Pérez, David Perpiñá
Related links
https://www.researchgate.net/publication/343681196_Building_Trust_in_the_Sharing_Economy_Current_Approaches_and_Future_Considerations
https://es.slideshare.net/jeremiah_owyang/sharingnewbuying
We are thankful for all comments, so please feel free to ask and provide feedback :)