Please describe your proposed solution.
Why is it important to create a decentralized reward scheme treasury (DRST)?
The purpose of DRST is to encourage academics, students, or anyone wishing to write and publish papers related to Cardano blockchain topics to well-known and high-ranking journal and conference databases. Apart from the initial payment (details in Feasibilities below) to implement the web-based platform for Cardano-related published papers to upload or share information so that the Cardano community members can access, view, and vote on per paper content. The remained fund will stay with Project Catalyst (IOG) until stage 2 is completed by the Cardano key stakeholders. See Flowchart 1 for the detail of stage 2.
With this consensus-focused design, Cardano community members and key stakeholders will fully decide on which paper will get voting and the amount to be rewarded. And the proposer is not involved nor has any type of influent in the voting and reward process entirely.
What is the reason to encourage? Are there not enough published papers on the Cardano blockchain available for the Press, government agencies, academics, and students to refer to when searching from the public and private search engines?
Experiment 1: Search “Cardano ecosystem” or “Cardano blockchain” without quotes from a public search engine like google.com. The results show <https://docs.cardano.org> and <https://iohk.io> sites and if you have experience searching and filtering out websites are reliable sources.
The first point, from a conservative view, is how independent and reliable information sources of these papers can be confidently used and embedded into learning courses and curriculum design, Press and government agencies the legislation based on these two sources? The answer to this should base on the individual’s needs, purpose, and intentions.
Second point, at the time of this proposal writing, with 143 papers listed in IOHK [1] and some being published in a top-ranking journal [2], a German-based non-profit organisation, The International Association for Cryptologic Research (IACR) [3]
In the scenario, someone intends to go this far as to look for a peer-reviewed paper on Cardano Ecosystem.
How easy to search for the peer-reviewed paper contains the comparison between the Cardano blockchain to public blockchains in terms of 1) network node or validator’s energy efficiency; 2) the feasibility at the moment of another dApp or layer 1 or 2 blockchains on the top of Cardano network nodes in compare to all the public blockchain which is available on the current Web3 [4] for example.
Experiment 2: Search “Cardano ecosystem” or “Cardano blockchain” or “Ouroboros: A Provably Secure Proof-of-Stake Blockchain Protocol” [5] without quotes from paid or private searching engines where subscription is involved, and authorized databases usually been used in universities or higher education providers. Please see three exhibits to support in case of Proposal Assessors are not able to assess a paid search databases to validate this experiment.
Some of the questions or concerns for examples below and answer to these questions are up to you as an individual, job’s background, experiences, education, country legislation on cryptocurrency adoption situation and the deepness of your exposure to the Cardano ecosystem in compared to other established public blockchains.
Why do higher ranking peer-reviewed publications matter to education providers, news, government legislation and regulation bodies overall and the sustainability of the Cardano ecosystem in the intermediate and long-term growth?
Why do higher education institutions, research firms and government agencies tend to start with well-known journals rather than conference publishers and yet to look at web sources, blogs or webinars, etc.?
In conclusion, for the impact if the proposal is accepted by the Cardano communities and funded would be great to have more coverage in vast content areas and reach further in the general public domain, not only narrow to a few peer-reviewed publications and major in Cryptography Software Engineering, Distributed Systems, Human-Computer Interaction, Networks, Formal Verification, Programming Languages, Trusted Hardware, Economics, Policy and Regulation regarding securities/foreign exchange/businesses, Tax Law [6]. Furthermore, the DRST proposal is decided by Cardano community members and possibly it is a strong instrument to make the Cardano ecosystem shine, differentiate and stand out in comparison to other the public blockchains currently on the market.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
Ecosystem maturity requirements, increased quality of existing products & integrations: After seven years [7] of hard work for all parties involved and communities, Cardano keeps growing and proven of resilient regardless how the market fluctuates, technology testing, legislation and taxation lobby adoption, etc. This proposal will go the extra mile to increase awareness and encourage academics, students, or anyone to publish a Cardano-related paper in a variety high ranking publishers, which will be another adoption and integration for the Cardano ecosystem in a sustainable future.
Making something easier to use that benefits the broader ecosystem: From 143 peer-reviewed research papers [1] listed and if looked at closely, there is a lot of mathematical and cryptography or similar contents. Thus, this proposal aims to encourage academics, students, or anyone to publish Cardano-related that can reach the wider community, be more accessible and read and understood.
The overall impact and address in this challenging and Cardano mission on research that is not only limited and focused on Cryptography Software Engineering, Distributed Systems, Human-Computer Interaction, Networks, Formal Verification, Programming Languages, Trusted Hardware, Economics, Policy and Regulation regarding securities/foreign exchange/businesses, Tax Law [6], but anything else that needs for integration and adoption into Cardano ecosystem rather than within Cardano communities but for wider communities.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Stage 1 – Published paper reward requester:
Possible risk:
How to validate the identity and genuine of the published paper’s main author in the reward claim before moving to the next stage 2?
Risk mitigation:
For the most accepted and published paper in peer-reviewed journals or conferences, there is always a corresponding email listed on the published paper itself. Therefore, the DRST team only accept the communication from/to this published email address, and there are no other acceptable methods.
Stage 2 – Decision is on Cardano community members:
Possible risk 1:
To accept paper into the next phase of stage 2 is key stakeholders voting (see Feasibility for key stakeholder selection details). How does the DRST team ensure the number collected from Project Catalyst’s Telegram or Discord is genuine and acceptable by the reward requestor regardless result greater or equal to 51% or less than 50%?
Risk mitigation 1:
Every paper will be provided space of 3 days with the details and list it in Project Catalyst’s Telegram or Discord for three days; if the result full between 51 and 50, there is an extra 24 hours for the community to read and vote to avoid the marginal sitting point.
Possible risk 2:
How do avoid conflict of interest or a mal activity arise from any part of the key stakeholders’ process in voting and comments for each proposal?
Risk mitigation 2:
The web platform/system will have the mechanism to protect the key stakeholders’ actual comments. See Tables 2 and 3 from Flowchart 1. The key stakeholder names will displace in one of the columns. However, every time whoever visits the page to check the comments, the comments order will be randomly rearranged. The purpose of this is in case the stakeholder gives a low percentage of the Cardano ecosystem’s impact for a particular paper and lower reward as a result. So, the main author may have a negative view of the key stakeholder. Therefore, this would protect the stakeholder to some degree and encourage the key stakeholders to provide an independent thought and expression.
See the details of selecting key stakeholders and communicating with them in Feasibility.
Possible risk 3:
Why do DRST proposer and team members have no role in Stage 2 voting?
Risk mitigation 3:
To ensure that treasury operation spells out any conflict of interest from the beginning, and to maximise decentralisation and community-focused and decide how to use the treasury from Stage 2.
Stage 3 – Proposer’s admin/marketing/due diligent tasks:
Possible risk 1:
How to ensure the proposer will pay for the accepted paper after votes are completed in Stage 2 and the invited key stakeholders?
Risk mitigation 1:
Apart from the initial fund after onboarding the project for the proposer to deliver the web platform to the functional stage, there is NO fund that will be released to the proposer unless Stages 1 and 2 from Flowchart 1 are completed every single paper. In any circle month that needs to report to IOG, if there is no paper submit and go through state one state to there is no report. See details in Audibility for further information.