Please describe your proposed solution.
It is usual to see calls for help in medical cases in Addis Ababa, the capital of Ethiopia. These calls are allowed by the city Police after looking at the medical evidence. The trend is to post pictures that show the story of the patient on a minivan standing by the side of a street and speaking using megaphones to get the attention of people. Then, donators put 5, 10, 50, and above birr in the box. Because of a couple of reasons, this kind of call for help is not successful to get the medical expenses required. We have proposed a fundraising solution that will be built on Cardano named DegaFund. DegaFund is an Ethiopian crowdfunding system that leverages the advantage of third-generation Blockchain decentralized applications (DApps). DegaFund will be an easy-to-use system for Ethiopian fundraisers of mainly medical cases and donators can be from all over the world. Even if DegaFund is an Ethiopian system the architecture is international, it can be easily customized to any country. DegaFund is free from hard currency transactions; it will use digital currency instead. Using a Blockchain financial solution will make DegaFund more secure and hard for fraud.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
It is usual to see calls for help in medical cases in Addis Ababa, the capital of Ethiopia. These calls are allowed by the city Police after looking at the medical evidence. The trend is to post pictures that show the story of the patient on a minivan standing by the side of a street and speaking using megaphones to get the attention of people. Then, donators put 5, 10, 50, and above birr in the box. Because of a couple of reasons, this kind of call for help is not successful to get the medical expenses required. We have proposed a fundraising solution that will be built on Cardano named DegaFund. DegaFund is an Ethiopian crowdfunding system that leverages the advantage of third-generation Blockchain decentralized applications (DApps). DegaFund will be an easy-to-use system for Ethiopian fundraisers of mainly medical cases and donators can be from all over the world. Even if DegaFund is an Ethiopian system the architecture is international, it can be easily customized to any country. DegaFund is free from hard currency transactions; it will use digital currency instead. Using a Blockchain financial solution will make DegaFund more secure and hard for fraud.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
- Lack of Funding:
- We will continue to develop the idea/research of this project. However, If you are not securing sufficient funds for the project, We will be unable to launch the product