Please describe your proposed solution.
Soil is an Open Ideation platform with internal economic incentives to share and curate ideas openly. Put simply - It pays you to share your ideas and evaluate the ideas of others.
How does it work?
When you join Soil you will start receiving a regular income of the internal token, BIT. You can use this token to claim ownership of any idea posted to the platform. Or trade it freely. All goods and services are assessed by the community and tagged with all ideas they are related to.
And every time a purchase is made through the platform or partners, a flat fee is added to the price and distributed to the owners of these ideas and the treasury.
Very much like Amazon's referral fees, but instead of influencers, it is distributed to innovators interested in the development of the product.
The main outcomes of these interactions are:
- A curated and interconnected Knowledge Graph, soon containing all the information that’s usually obscured by paywalls and patent lawyers.
- A semantic analysis of all goods and services provided through the platform and partners.
- A searchable list of multi-domain experts.
Imagine being able to look up any technology and innovation that contributed to the development of every product or service! And contact or collaborate with everyone involved!
I hope to be able to integrate this with the Decentralized Knowledge Graph from Origintrail, which would provide much of the core functionality, which I'm hoping to outsource with a second proposal in Cross-chain collaboration. <https://cardano.ideascale.com/c/idea/416502>
Previously funded proposal (Fund7) - <https://cardano.ideascale.com/c/idea/384198>
Related links:
- Patents - <https://en.wikipedia.org/wiki/Patent>
- Basic Income - https://en.wikipedia.org/wiki/Universal_basic_income
- Ideation SaaS - https://www.viima.com
- Self-Sovereign Identity - <https://atalaprism.io/>
- Decentralized Knowledge Graph <https://origintrail.io/>
Please describe how your proposed solution will address the Challenge that you have submitted it in.
This solution can be a great entry point into the Cardano ecosystem.
It incentivizes people to join and interact regularly and establishes a verified identity that can be utilized by other projects.
It also requires a robust fractional ownership solution which can also be reused.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
The main risk is not attracting enough high-value users. The current knowledge ecosystem has established stable revenue streams and favors a slower regulated release of information. Be it patents, research journals, or book publishing.
We need to convince these that our approach is more beneficial in the long run. Or make sure our crowdsourced knowledge analysis can out-scale them.
Another risk is my private issues, which prevented me from completing the first stage of the project funded in Fund 7.
I need to put more effort into communicating these ideas and attracting more collaborators.
I’ve decided to focus mainly on this for the rest of the year, and build it up as a normal business. Sorry for the delay!