Please describe your proposed solution.
This proposal seeks to develop an educational dApp on blockchain and its yields as a safe, long-term investment for the youth in Ghana. Users boarded onto the platform through community outreach, mainly across the various Ghanaian universities and beyond, will have a variety of topics to choose from, with compact yet interactive lessons to complete at their own pace.
The identified challenge is centered in Ghana and therefore will be piloted in Ghana. Expansion into other African countries would be based on the popularity of the project and its increased usage amongst the target audience.
Development of dApp
The dApp would be built as a go-to app for learners, new to blockchain technology. Concepts and topics would be designed and taught as concise and interactive lessons for beginner or intermediate-level learners to gain basic insights into this industry. Learners would have the autonomy to search for topics of interest on blockchain as well as project catalysts.
Upon completion of a series of lessons, users would have micro assignments to practice and awarded badges to qualify and progress to the other stages in the course. The dApp would have functions that allow users to [1] track assessments and [2] earn rewards through the in-built smart contracts.
Smart Contract Function
The dApp would operate with a smart contract between learners and lessons completed. The smart contract would function to identify learners, course/lessons completed, and to distribute rewards to learners (badges/Ada)
Why Ghana?
The government of Ghana is heavily propagating and embarking on the digitisation of the economy. The digital Ghana Agenda as stated by the NCA, “seeks to digitize Government services, build a biometric National Identity register, deploy a digital property addressing system, mobile money interoperability and institutionalize paperless port operations among others”. This creates an open gap in educating young Ghanaians about the long-term benefits of blockchain investments and a market to sell our product; blockchain dApp. Despite the government's delayed support in using cryptocurrency in Ghana, operating as a private company will give us the autonomy to attract an organic target audience. This creates a good environment for digital solutions to thrive including our dApp that aims to educate individuals on blockchain and opportunities in the Cardano ecosystem
Please describe how your proposed solution will address the Challenge that you have submitted it in.
Creating an educational dApp will provide a beginner-friendly environment for the on-boarded university community to explore and learn about blockchain, along with other outside users. Carefully curated topics and lessons are designed to create ease for the users as beginners in the blockchain industry.
Outside the educational dApp is the university-wide community outreach on blockchain investments as an alternative to long-term wealth generation. Key partners in the Cardano community can support the outreach across Ghana to destigmatize and educate young people, especially on the role of blockchain in the current world economy.
Per the likelihood of Ghana’s economy collapsing without the IMF bailout, as speculated by many financial experts and the noticeable hardships due to unemployment, civil servants underpaid and constant inflation, it is imperative that a good alternative like blockchain investments is presented to people willing to take risks to minimize their hardships. Through the community outreach onboarding process, many potential users can begin a new system of investing and wealth acquisition in Ghana.
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A sleek and minimalist look of the educational dApp for ease in use and avert distractions
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Compact information on card size components with a swipe functionality
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The recorded progress of each user and rewarded badges based on lesson progressions
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On-boarding potential users on a platform with introductory videos that sell the benefits of blockchain investments, the risks involved, and how to leverage responsible long-term investing.
Project Impact
The long-term goal of the project is to increase the percentage of young Ghanaians trading using cryptocurrencies like the Cardano Ada. Our project strategy is to inform and not enforce blockchain involvement.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Scare tactics from the government to stifle the education of potential users and future investors on the high risks of cryptocurrencies and not its benefits. Also, its failure to accept cryptocurrencies as legitimate currencies can conflict with the mindset of others. However, operating as a registered company with a visible product will protect the genuineness of our initiative and its growth in the market.