Please describe your proposed solution.
The solution proposed by the Coffee DAO project is the creation of an Origin Certificate. An information aggregator that uses NFT technology to gather all the previously scattered data under a single source of truth hosted on-chain.
The Origin Certificate is designed to preserve the quality grade of a specific coffee batch. This grade is provided by professional tasters who analyze the coffee’s chemical composition and then taste it. After successive harvests, a coffee producer can show a record to future buyers, coffee enthusiasts, or even credit providers.
Each specialty coffee comes with unique attributes particular to a region such as aroma, flavor, coffee variety, level of humidity, size of the bean, and others. All these are included in the metadata of the Origin Certificate and become a record of a coffee batch.
In the first version of the Origin Certificate we have detailed the characteristics of the coffee purchased for the upcoming pilot sale:
Initially, the Origin Certificate will be used to commercialize the specialty coffee directly to the public during a pilot sale. The pilot would be conducted on a platform created by the Coffee DAO team, who would bring coffee from Honduras to the U.S. market. The pilot sale is the main stage of the MVP portion of the Coffee DAO project.
For the pilot sale, since it’s aimed at the general public, we would generate images for each Origin Certificate NFT. The images are each different but are generated using the same prompts. A sample of the images for the pilot sale can be found here:
https://softa.direct.quickconnect.to:5001/mo/sharing/oyn8PtXY5#/
The pilot will consist of 5,000 bags of roasted specialty coffee. The bags each would be sold along with an NFT Origin Certificate on Cardano. The NFTs from the pilot will act as discount vouchers for future sales, a token to access special features early, and other marketing promotions.
The pilot would be launched later this year.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
The Origin Certificate is a way to tokenize specialty coffee. It is one of the categories of the challenge: "Physical products - Tokenised housing as a Cardano native asset." Additionally, it creates a source of adoption that is outside the traditional blockchain economy. As initially it's aimed at general coffee drinkers.
How do you intend to measure the success of your project?
The metric for the pilot sale is clear, in that case, it would be the 5,000 coffee bags we aim to sell. Second, the impact on the coffee growers in Honduras would be the difference between the market price of coffee compared to what we'll pay them.
By using NFTs to promote the Origin Certificate and by processing payments via Cardano, we aim to save on the cost of marketing a coffee product. The gains in that aspect would go to the producer of the coffee.
In the first pilot sale, we'll work with only one producer and source all the coffee from their farm. On subsequent sales, we'll source coffee from several producers from the same region in Honduras. The aim is to grow the platform until it's sourcing coffee from different countries in Central America.
Please describe your plans to share the outputs and results of your project?
The core smart contract and off-chain code are ready. We have deployed it to the preproduction network for testing and all works as intended. The next stage for the pilot sale is to deploy the dApp on the main Cardano network. To do so, we'll divide the work into portions:
Update the front for the platform. At the moment we have a designer creating a new landing page for the project. Attached to the application is the Figma demo. We need to connect that new website to the backend and to the smart contract. Once that's live that's the first step towards the launch of the pilot sale.