Please describe your proposed solution

Estate Ledger will be a pioneering blockchain initiative aimed at transforming the real estate sector through the Cardano blockchain. It comprises a comprehensive suite of open-source smart contracts and a bespoke, user-friendly white-label dashboard. This toolkit enables developers to craft decentralized applications (dApps) for a variety of real estate functions such as property tokenization, marketplace transactions, crowdfunding, rental management, and more.

Features

• Modular Smart Contracts: Customizable contracts for diverse real estate functionalities
• White-Label Dashboard: A no-code, customizable interface for dApp creators, simplifying user interactions with blockchain feature
• Tokenization of Real Estate Assets: Allowing fractional ownership and investment in real estate
• Decentralized Marketplace: Facilitating secure and transparent property transaction
• Crowdfunding and Rental Management Tools: Streamlining investment and management in real estate project
• Governance and Profit Distribution Protocols: Ensuring community-driven management and fair profit sharing

Target Audience

• Real Estate Developers and Agencies: Seeking to tokenize properties and manage them efficiently.
• Blockchain Developers: Looking for robust tools to create real estate-focused dApps.
• Investors and Buyers: Interested in accessible real estate investment opportunities.
• Property Managers and Landlords: Aiming to streamline rental and property management processes.

Real Estate Dapps in the Market

• Blocksquare (Ljubljana, Slovenia): Offers a real estate tokenization protocol and a white-label platform for investment platforms
• RealT (Aventura, Florida): A fractional real estate investment platform that allows global investors to invest in the U.S. real estate market through Ethereum-based tokenization.
• PropertyClub (New York, New York): Conducts real estate transactions digitally using cryptocurrencies including Ethereum, supported by smart contracts on the Ethereum blockchain.
• Propy Inc (San Francisco, California): Utilizes Ethereum smart contracts to facilitate real estate transactions in their marketplace

Estate Ledger's Impact on DApp Development and Cardano Blockchain

Estate Ledger stands out as a catalyst for rapid and effective dApp development within the real estate domain on the Cardano blockchain. By offering a complete set of tools and a no-code dashboard, it lowers the barrier to entry for developers and non-technical users alike. This accessibility will likely lead to a surge in innovative dApps, expanding the use cases and utility of the Cardano blockchain. The introduction of such a comprehensive toolkit is poised to accelerate the adoption of blockchain technology in real estate, paving the way for a more transparent, efficient, and accessible market.

Conclusion

Estate Ledger will be more than just a blockchain solution; it will be a bridge connecting the real estate industry to the future of decentralized technology. By equipping developers and stakeholders with the necessary tools, Estate Ledger will aim to unlock the full potential of real estate tokenization on the Cardano blockchain, fostering a new era of innovation, accessibility, and growth in this sector.

Please define the positive impact your project will have on the wider Cardano community

Estate Ledger will enrich the Cardano ecosystem by introducing innovative real estate investment opportunities, enhancing blockchain's practical use cases.

Success will be gauged by the number of tokenized assets, user growth, and transaction volume.

Regular progress reports and data analytics will be shared with the community, fostering engagement and highlighting the project's impact on the Cardano ecosystem.

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

We are a team comprising blockchain developers with an advisory team that has experts from real estate and business development. Estate ledger was ideated with the precise planning and understanding of the real estate market and the great scope that real estate tokenization has established in the past year. With our robust team of Haskell Developers and Full stack developers and the constant feedback from our advisory team, we believe we have a team that can deliver this project.

As for Fund Management, we will be using Deworks to release funds for devs and all other expenditures will be tracked and updated with every milestone report submitted to the community.

We have a live Project Dashboard where the developments can be tracked real-time by the community making it a transparent building process

What are the key milestones you need to achieve in order to complete your project successfully?

Milestone 1: Initial Setup and Planning

• Duration: 1 Month
• Description: Establishing project foundations, including setting up development environments, finalizing project plans, and beginning initial development work.
• Outputs: Project plan document, development environment setup for each developer, initial code repository.
• Acceptance Criteria: Project plan approval by the project manager, successful environment setup verification, and initial code commits reviewed by the Haskell developers.

Milestone 2: Development of Rental Management and Governance Protocols

Duration: 1 Month

A. Milestone Outputs:

• Development of the Rental Management smart contract.
• Development of the Governance smart contract.

B. Acceptance Criteria:

• Rental Management contract tested and deployed on the Cardano testnet.
• Governance contract tested and deployed on the Cardano testnet.
• Comprehensive documentation for both protocols.

C. Evidence of Milestone Completion:

• Links to the testnet deployments.
• GitHub repository with source code and documentation.
• Test results and logs.
• Demo video showcasing the functionality of both protocols.

Milestone 3: Development of Profit Distribution and Real Estate Analytics Protocols

Duration: 1 month

A. Milestone Outputs:

• Development of the Profit Distribution smart contract.
• Development of the Real Estate Analytics smart contract.

B. Acceptance Criteria:

• Profit Distribution contract tested and deployed on the Cardano testnet.
• Real Estate Analytics contract tested and deployed on the Cardano testnet.
• Comprehensive documentation for both protocols.

C. Evidence of Milestone Completion:

• Links to the testnet deployments.
• GitHub repository with source code and documentation.
• Test results and logs.
• Demo video showcasing the functionality of both protocols.

Milestone 4: Development of Asset Management and Compliance Protocols

Duration: 1 months

A. Milestone Outputs:

• Development of the Asset Management smart contract.
• Development of the Compliance smart contract.

B. Acceptance Criteria:

• Asset Management contract tested and deployed on the Cardano testnet.
• Compliance contract tested and deployed on the Cardano testnet.
• Comprehensive documentation for both protocols.

C. Evidence of Milestone Completion:

• Links to the testnet deployments.
• GitHub repository with source code and documentation.
• Test results and logs.
• Demo video showcasing the functionality of both protocols.

Milestone 5: Development of the Estate Ledger Dashboard MVP

Duration: 1 month

A. Milestone Outputs:

• Creation of the MVP for the Estate Ledger Dashboard, including user and admin interfaces.
• Integration of previously developed smart contracts into the dashboard.

B. Acceptance Criteria:

• Fully functional MVP with all key features: tokenization, marketplace, rental management, governance, profit distribution, real estate analytics, asset management, and compliance.
• User acceptance testing (UAT) completed with feedback incorporated.
• Comprehensive user and technical documentation.

C. Evidence of Milestone Completion:

• Link to the deployed MVP.
• GitHub repository with source code and documentation.
• User acceptance test results and logs.
• Demo video showcasing the dashboard’s functionality.

Final Milestone: Final Integration and Testing

Duration: Month 6

A. Milestone Outputs:

• Final integration of all smart contracts with the dashboard.
• Comprehensive testing to ensure seamless functionality and security.
• Preparation of the Project Close-out Report and Video.

B. Acceptance Criteria:

• All protocols fully integrated and functioning correctly within the dashboard.
• Successful completion of end-to-end testing.
• Comprehensive security audit completed.
• Detailed Project Close-out Report and Video prepared.

C. Evidence of Milestone Completion:

• Links to the final integrated product.
• GitHub repository with source code, documentation, and test results.
• Security audit report.
• Project Close-out Report and Video submitted.

Who is in the project team and what are their roles?

• Sangeet Muralidhar - Project Lead with extensive experience in blockchain project management.
• Vinay Devabhakthuni - Business Development
• Advitha Ashok - UI/UX Design & Marketing Lead
• Vedant Jha - UI/UX Developer
• Aadil Shaik - Web Developer
• Santanu chatterjee - Senior Haskell Dev
• Akash Malekar , Rahat Sayyed, Faizan Shaikh - Blockchain Developers skilled in smart contract development.
• Nikhil Batra - Real Estate Analyst specializing in market analysis and asset valuation.
• Team Metalamp - Smart Contract Development

Please provide a cost breakdown of the proposed work and resources

1.Development Costs (120,000 ADA)

• Smart Contract Development: 80,000 ADA
• Rental Management and Governance Protocols: 20,000 ADA
• Profit Distribution and Real Estate Analytics Protocols: 20,000 ADA
• Asset Management and Compliance Protocols: 20,000 ADA
• Integration of Smart Contracts: 20,000 ADA
• Dashboard Development: 40,000 ADA
• User and Admin Interface Development: 20,000 ADA
• Integration with Smart Contracts: 20,000 ADA

2. Testing and Quality Assurance (30,000 ADA)

• Unit Testing and Integration Testing: 15,000 ADA
• User Acceptance Testing (UAT): 10,000 ADA
• Security Audit: 5,000 ADA

3. Project Management (30,000 ADA)

• Project Manager Salary: 25,000 ADA
• Project Management Tools and Software: 5,000 ADA

4. Documentation and Reporting (20,000 ADA)

• Technical Documentation: 10,000 ADA
• User Documentation and Tutorials: 5,000 ADA
• Project Close-out Report and Video: 5,000 ADA

5. Marketing and Community Engagement (40,000 ADA)

• Marketing Campaigns: 20,000 ADA
• Community Engagement Activities: 10,000 ADA
• Webinars and Workshops: 5,000 ADA
• Promotional Materials: 5,000 ADA

6. Legal and Compliance (20,000 ADA)

• Legal Services: 15,000 ADA
• Compliance and Regulatory Consultation: 5,000 ADA

7. Operational Costs (40,000 ADA)

• Server and Hosting Fees: 10,000 ADA
• Software Licenses and Subscriptions: 10,000 ADA
• Office and Administrative Expenses: 10,000 ADA
• Miscellaneous Operational Costs: 10,000 ADA

No dependencies

How does the cost of the project represent value for money for the Cardano ecosystem?

Value for Money for the Cardano Ecosystem

The Estate Ledger project represents significant value for the Cardano ecosystem through its innovative approach to real estate tokenization, which promises to drive adoption, enhance transparency, and democratize investment opportunities. Here’s how the costs are justified and represent value for money:

Cost Justification and Proportionality

1.Development Costs (120,000 ADA):

• Smart Contract Development: We have allocated 80,000 ADA to develop, test, and deploy six new smart contracts. Each contract development involves complex coding, rigorous testing, and deployment, requiring skilled blockchain developers. Based on the average blockchain developer's salary in India (approximately $60,000 annually), this cost is proportional and reasonable for the scope of work.
• Dashboard Development: Allocating 40,000 ADA to develop the MVP of the Estate Ledger dashboard ensures a user-friendly interface that non-technical users can easily navigate. This cost includes front-end and back-end development, integration with smart contracts, and UI/UX design, reflecting typical industry rates for high-quality web and mobile development.

2.Testing and Quality Assurance (30,000 ADA):

• This allocation covers unit and integration testing, user acceptance testing (UAT), and a security audit. Ensuring the robustness and security of our platform is critical to gaining user trust and adoption. The costs are aligned with industry standards for comprehensive testing and auditing processes.

3.Project Management (30,000 ADA):

• Effective project management is essential to ensure timely delivery and coordination among various team members. This cost includes the salary of a project manager and the use of project management tools like Asana or Jira. Based on the average salary of a project manager in India (approximately $50,000 annually), this cost is reasonable.

4.Documentation and Reporting (20,000 ADA):

• Detailed technical and user documentation, along with a final project close-out report and video, are vital for transparency and user education. These costs ensure that all stakeholders, including developers and end-users, have access to clear and comprehensive resources.

5.Marketing and Community Engagement (40,000 ADA):

• Promoting the Estate Ledger platform within the Cardano community and beyond is crucial for adoption. This budget covers marketing campaigns, community engagement activities, webinars, workshops, and promotional materials. The allocation is in line with industry rates for effective marketing strategies.

6.Legal and Compliance (20,000 ADA):

• Ensuring compliance with real estate and blockchain regulations is essential for the project's long-term success. This cost covers legal consultations and regulatory compliance efforts, reflecting standard legal fees for specialized services.

7.Operational Costs (40,000 ADA):

• These costs cover server and hosting fees, software licenses, office and administrative expenses, and other miscellaneous operational costs. The allocation is designed to ensure smooth operational efficiency and sustainability of the project.

Supporting Evidence and Value Proposition

1.Economic Impact:

• By developing Estate Ledger on the Cardano blockchain, we are creating a high-value use case that drives Cardano’s adoption in the real estate sector, showcasing its capabilities and attracting new users and developers.
• The modular smart contracts and user-friendly dashboard will facilitate the creation of new dApps, expanding the ecosystem and fostering innovation.

2.Long-term Benefits:

• Estate Ledger’s success will contribute to the growth and maturity of the Cardano ecosystem by providing a real-world application that demonstrates the blockchain’s utility and scalability.
• The democratization of real estate investment through tokenization can open new financial opportunities for a wider audience, aligning with Cardano’s mission of financial inclusion.

3.Transparency and Accountability:

• We have outlined clear milestones with specific deliverables, ensuring accountability and transparency in the use of funds. Regular updates and detailed reports will be provided to the Cardano community, demonstrating prudent and effective use of resources.

By carefully considering the costs and ensuring they are proportional to industry standards and the average wage in our region, we have developed a budget that offers exceptional value for money. The Estate Ledger project will not only deliver a high-quality, innovative solution but also contribute significantly to the Cardano ecosystem’s growth and development.