Please describe your proposed solution.
Our proposed solution is the development of an exhaustive online guide that thoroughly explains the eIDAS 2.0 regulation and its relevance to the Cardano ecosystem, with a particular focus on Atala PRISM, Cardano's decentralized identity solution.
The primary challenge we have identified is the inadequate understanding of eIDAS 2.0 regulation among members of the Cardano community. This lack of awareness can potentially lead to non-compliance issues and missed opportunities, particularly as Atala PRISM and other Cardano-based projects aim to participate actively in the digital identity space within the EU region.
Our unique approach will incorporate rigorous research, consultation with policy-makers, and engagement with the Cardano community to make sense of these regulations in a meaningful way. This will not be merely a factual exposition of regulatory terms but an interactive resource that combines regulatory understanding, technical insights, and practical guidance.
Our project will directly benefit blockchain developers, businesses, and enthusiasts within the Cardano ecosystem who are involved or interested in identity solutions like Atala PRISM. Furthermore, our engagement with policy-makers will help bring their perspective to our community, contributing to a richer, more nuanced understanding of the regulatory landscape.
What makes our solution unique is its targeted focus on the Cardano ecosystem and Atala PRISM. General guides on eIDAS 2.0 may be available, but a guide tailored for Cardano and specifically highlighting the implications for Atala PRISM is distinct and necessary.
We will measure our impact through the successful launch and utilization of the guide, active community engagement, and feedback from users. The ultimate goal is to empower Cardano developers and businesses, particularly those using Atala PRISM, to navigate the eIDAS 2.0 regulatory landscape with confidence, promoting growth and fostering innovation while ensuring compliance.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
Our proposed solution tackles the challenge head-on by demystifying the eIDAS 2.0 regulation, a critical piece of legislation for any Cardano-based projects aiming to operate within the European Union's jurisdiction. The project is designed to create a comprehensive guideline to this complex regulation, crafted specifically with the Cardano community in mind.
The benefits this project will bring to the Cardano ecosystem include:
- Empowering Developers and Businesses: By providing clear and precise information about eIDAS 2.0, we enable developers and businesses in the Cardano ecosystem to shape their solutions in a compliant manner
- Driving Community Engagement: This project seeks to foster an informed community, encouraging proactive participation in discussions around the interpretation and implications of eIDAS 2.0.
- Advocating for Regulatory Engagement: An informed community is a powerful community
Beyond the direct funding of our team, this project significantly contributes to the Cardano ecosystem by ensuring that innovative solutions, especially in areas such as decentralized identity, are designed and developed with a thorough understanding of the prevailing regulatory landscape. This, in turn, promotes the sustainability and longevity of the ecosystem.
How do you intend to measure the success of your project?
Measuring the success of our project will be a multi-faceted approach involving both qualitative and quantitative metrics. Here's how we plan to measure the success:
- Quality of the Guide: The success of the guide will be primarily measured by its comprehensiveness, relevance, and accessibility
- Community Engagement: We will track the level of engagement on the platform, measured by comments, shares, and discussion threads created around the guide
- Usage Metrics: The number of unique visits, return visits, and time spent on the platform will help us understand the reach and adoption of our guide
- Influence on Cardano projects: We will track how many projects within the Cardano ecosystem refer to our guide during their development or implementation phases, and how many of them modify or adapt their projects based on our guide
In terms of how this will affect Cardano’s growth and productivity, in the short term, our project will provide the necessary regulatory knowledge base, enabling developers and businesses in the ecosystem to navigate the complexities of the eIDAS 2.0 regulation efficiently. In the long term, we anticipate this project to promote regulatory compliance within the Cardano ecosystem, reduce risks associated with non-compliance, and foster trust with end-users and regulators, thereby contributing to the overall growth and sustainability of the Cardano ecosystem.
Please describe your plans to share the outputs and results of your project?
Our project is fundamentally based on the premise of openness, collaboration, and community engagement. We are committed to sharing the outputs and results of our project broadly with the Cardano ecosystem and beyond. Here's our plan to do so:
- Open Access Online Platform: The main output of this project, the eIDAS 2.0 guideline, will be hosted on a freely accessible online platform
- Community Engagements: We plan to host regular webinars and community sessions throughout the project's lifecycle
- Social Media and Blogs: To reach a wider audience, we will regularly post updates, insights, and findings on various social media platforms and blog
- Collaboration with Atala PRISM: Our project results will provide useful insights and guidance for DApp builders, particularly those focusing on identity solutions like Atala PRIS
- Academic and Policy Papers: We will compile our findings and insights into academic and policy papers, which will be submitted to relevant journals and forum
In essence, our goal is to make sure our research and outputs are widely disseminated and freely accessible, contributing to the readiness of the Cardano ecosystem to adapt to the new eIDAS 2.0 regulation.