Please describe your proposed solution.

Yenna Tech offers a sustainable and innovative solution to the challenges faced by smallholder farmers and landowners. By renting land from landowners, collaborating with farmers, and subletting it to them, Yenna Tech enables farmers to increase their yield by providing micro-financing for rental, inputs, and harvesting costs.

We believe in a regenerative agricultural model, which not only improves the economic viability of smallholder farmers but also protects the environment. Our platform connects smallholder farmers with investors who can invest in regenerative agriculture projects. Investors can buy Farm Tokens representing a share of the profit from the sale of the crop produced by the farmers. This way, investors can support regenerative agriculture and earn a return on their investment. In addition to our core services, we also offer a white-label service of our platform to third parties via our non-profit DAO which controls the treasury, allowing other organisations to take advantage of our technology and expertise.

Our solution involves building a technology solution that enables farmers and landowners to become independent for their financially needs and access to accurate information on chain

Farmers, land owners, cardano ecosystem will benefit from this

It should be important to cardano because we are bringing verified real world assets to the ecosystem

How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

We project at least 100 acres will be listed on the Cardano blockchain, representing 10 million USD in real-world assets, liquidating 35% of which in ADA.

Our standards for digitising real world farm assets will primarily benefit the Cardano ecosystem by providing a real-world demonstration, starting with six acres of land under YennaTech’s management. We also have letters of intent covering more than 100 acres of land in the village Laharri, Kangra Himachal Pradesh.This accumulates to over 10 million USD worth of real-world farm assets to be listed on Cardano’s blockchain. Currently, 800 acres are under different stages of negotiation. The rate of expansion is subject to funding.

Each farmer organisation listed every quarter will be more focused on the quality of the listing than the quantity of listing which will include the number of farmer in each organisation, excess land under management ranging between 8-10 million USD worth assets under management. Each village population is ranging between 150-200 individuals with an average of 40 families per village, thus the documentation process of verification, evaluation and other necessary documentation like formation of farmer organisation if non existent and rental agreements will take about 60-90 days for a successful onboarding

How do you intend to measure the success of your project?

Two two major benefits to the cardano ecosystem are

1) Farm land tokenisation & microfinancing tools

2) Early Clients of Yenna Tech gets listed on the Cardano ecosystem

3)projects like Nutravest, Protectyl & Agrivitus who have existing partnership with yenna Tech would choose to list their clients on the cardano blockchain

In the short term, cardano ecosystem is looking at a 10Mn worth of assets every quarter for the first year, about 30% of the asset value would be liquidated for micro financing on an average, alongside sale and purchase of crops would happen on the chain.

In the long term we could be looking at 10x growth for the ecosystem in the next 3 years

Please describe your plans to share the outputs and results of your project?

Weekly Updates: Team holds open weekly meetings where we share progress and developments, we would upload every alternate meeting on youtube and twitter for the community to have deeper insights of the work being accomplished and opportunities for projects and community members to participate in.

Opensource repository: all the smart contract templates for fractional land nfts and marketplace tokens, inclusive of the backend will be made open source

Client Onboarding/testing: Once the technology development is completed we will demonstrate an example of how to make use of the technology in a real time scenarios with our existing clients

We expect to use the generated results to scale within the region alongside build for features of secondary trading and derivatives that can evolve with the data sets and add it to our development pipeline for the next half of the year

What is your capability to deliver your project with high levels of trust and accountability?

We are a resilient team with a set of purpose driven individuals creating a social capital that has sustained the project since its inception in September of 2020. Our board members have participated with the smarthubs team in growing the Indian Cardano developer ecosystem and will play a key role in bringing skilled devs for the ecosystem.

We maintain our weekly progress and reporting on Dework and Discord with open meetings which makes it transparent and allows the community to participate and voice on current developments and progress shared on twitter.

Our strategy involves milestone based monthly payment to each individual involved in the process of development after submission of the tasks undertaken, thus ensuring the success of the project.

We will maintain a open wallet address for fund management which will be handled by our CFO, Junada Sullilari on a biweekly basis after the board assesses the Milestone report, tested git commits submitted by developers and shares with the wider community.

What are the main goals for the project and how will you validate if your approach is feasible?

Objective of the project is to build & test our validated process of a smart contract governed marketplace that allows our existing clients to be listed on the cardano chain that yenna tech has already financed and further onboard the other farmers who have signed the letter of Intent with us.

Goal of the project to allow small holder farmers to cater more than 35% of the global food supply by optimising and scaling their operations by renting, democratising digitisation tools to create a decentralised financing, distribution and sale of the crop on chain

Objectives:

1) Smart contract for a new NFT standard of microfinancing for real world farm asset

2)building backend and integrating the SC and front end UI to create a marketplace that caters small holder farmers and retail investors

3) KYC

4) Invest & claim function

5) Membership module for DAO to track support & promote third party implementation ( please check yenna foundation application in the DAO’s category for more information)

Goals:

1) creating Farmer organisations for farmers within small villages

2) Renting & on chain onboarding for excess lands withing small holder farmers & land owners

3) raising funds from the community & promoting regenerative practices on ground

4)creating a favorable market access & fair pricing for the crops

5) sharing returns with investors

The first 6 months of the project is to build and test the marketplace with existing farmers, where as the next 6 months would involve onboarding of individual farmers to the farmer organisations and adding more land parcels to the rental agreement and updating the smart contract for more land parcels being listed in each farmer producer organisation.

We are looking at 4 farmers in the early 6 months to be catered and then scaling it to 80 farmers in next 6 months, on an average of 10mn worth asset listed in Q3 & Q4

Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Each milestone would include working parallely on a dapp & a web app

Milestone 1: KYC, profile & SIgn up, login interface

(Duration: 12 working days 8 hours each

Milestone 2: Smart contact driven NFT & create listing with testing on testnet

(Duration: 15 working days 8 hours each)

Milestone 3:Wallet Integrations & transaction testing

(Duration: 18 working days 8 hours each)

Milestone 4: Invest and claim returns for validity smart contracts

(Duration: 15 working days 8 hours each )

Milestone 5: UI integrations for the User & Admin dashboards (light & dark theme)

(Duration: 18 working days 8 hours each)

Milestone 6: Onboarding clients on testnet and building technical documentation

(Duration: 10 working days 8 hours each)

Milestone 7: bringing existing clients(farmer organisation) to the cardano ecosystem to raise funds for their farm lands with revisions & interface upgrades

Duration : (3 months from milestone 1)

Milestone 8: Building NFt module for farmer & buyer interaction and sale/purchase of crops on chain( crops will be a different nft than land nfts) assuring on chain returns

Duration: 14 working days 8 hours each

Milestone 9: implementation secondary trading/sell feature for land nfts and seeking 2nd farm producer organisation for listing

Duration: 15 working days 8 hours each

Milestone 10: Building rewards & Membership features for increasing participation

Duration: 7 working days 8 hours each

Milestone 11: technical documentation + sprints on technical backlogs

Duration: 7 working days 8 hours each

Milestone 12: UI revisions and feasibility

Duration: 5 working days 8 hours each

A total of 6 months

Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1: KYC, profile & Sign up, login interface

• Deliverables: A DApp and a web app with a user interface for KYC (Know Your Customer), profile creation, sign up, and login functionalities.
• Outputs: Users will be able to create profiles, complete KYC processes, and securely sign up and log in to the platform.
• Intended Outcome: Establish a foundation for user management and authentication, enabling users to access and interact with the DApp and web app.

Milestone 2: Smart contract-driven NFT & create listing with testing on testnet

• Deliverables: Integration of smart contract functionality into the DApp and web app, enabling the creation and management of non-fungible tokens (NFTs). Implementation of a listing feature for NFTs with testing on a testnet environment.
• Outputs: Users will be able to create and manage NFTs on the platform, and test the listing functionality on a testnet.
• Intended Outcome: Provide the infrastructure for NFT creation and listing, allowing users to tokenize assets and explore the capabilities of the platform.

Milestone 3: Wallet Integrations & transaction testing

• Deliverables: Integration of wallet functionality into the DApp and web app, enabling users to connect their wallets and perform transactions. Testing of transaction processes and wallet integrations.
• Outputs: Users will be able to connect their wallets to the platform, perform transactions (such as buying or selling NFTs), and test the transactional capabilities.
• Intended Outcome: Enable users to securely interact with their wallets within the platform, facilitating seamless and secure transactions.

Milestone 4: Invest and claim returns for validity smart contracts

• Deliverables: Implementation of investment functionalities and smart contracts for return claims. Users will be able to invest in validity smart contracts and claim returns on their investments.
• Outputs: Users will have the ability to invest in smart contracts and claim returns based on contract validity.
• Intended Outcome: Provide a mechanism for users to invest in smart contracts and receive returns, fostering participation and engagement on the platform.

Milestone 5: UI integrations for the User & Admin dashboards (light & dark theme)

• Deliverables: User interface integration for both User and Admin dashboards, incorporating light and dark themes for visual customization.
• Outputs: User and Admin dashboards with intuitive and visually appealing interfaces, offering both light and dark theme options.
• Intended Outcome: Enhance the user experience by providing visually customizable dashboards, accommodating user preferences and promoting engagement.

Milestone 6: Onboarding clients on testnet and building technical documentation

• Deliverables: Onboarding process for clients onto the testnet environment, allowing them to explore and interact with the platform. Development of comprehensive technical documentation to guide users and developers.
• Outputs: Clients successfully onboarded on the testnet, gaining familiarity with the platform. Technical documentation available for reference and guidance.
• Intended Outcome: Engage clients in testing and gathering feedback on the platform while providing clear documentation for future users and developers.

Milestone 7: Bringing existing clients (farmer organization) to the Cardano ecosystem to raise funds for their farm lands with revisions & interface upgrades

• Deliverables: Onboarding and migration of an existing farmer organization to the Cardano ecosystem. Revisions and interface upgrades based on their specific needs. Implementation of fundraising mechanisms for their farm lands.
• Outputs: Farmer organization successfully integrated into the Cardano ecosystem, with revised and upgraded interfaces. Fundraising mechanisms established for their farm lands.
• Intended Outcome: Provide a real-world use case for the platform, enabling a farmer organization to raise funds for their farm lands within the Cardano ecosystem.

Milestone 8: Building NFT module for farmer & buyer interaction and sale/purchase of crops on-chain (crops will be a different NFT than land NFTs) assuring on-chain returns

• Deliverables: Development of an NFT module specifically tailored for farmer and buyer interaction. Implementation of on-chain sale/purchase functionalities for crops as separate NFTs from land NFTs. Assurance of on-chain returns for the transactions.
• Outputs: NFT module allowing farmers and buyers to interact and trade crops on-chain. On-chain sale/purchase functionalities for crops, ensuring returns for participants.
• Intended Outcome: Facilitate direct interaction between farmers and buyers, enabling secure and transparent on-chain transactions for crop sales/purchases.

Milestone 9: Implementation of secondary trading/sell feature for land NFTs and seeking a second farm producer organization for listing

• Deliverables: Implementation of a secondary trading/selling feature specifically for land NFTs. Seeking and onboarding a second farm producer organization for listing their lands as NFTs on the platform.
• Outputs: Secondary trading/selling feature for land NFTs implemented. Second farm producer organization successfully listed on the platform.
• Intended Outcome: Expand the platform's offerings by enabling the trading and selling of land NFTs, and onboard another farm producer organization for increased diversity and participation.

Milestone 10: Building rewards & membership features for increasing participation

• Deliverables: Development of rewards and membership features to incentivize and encourage user participation. Integration of mechanisms to reward active participants and introduce membership tiers or benefits.
• Outputs: Rewards and membership features implemented, providing incentives and recognition for active participants. Membership tiers or benefits established.
• Intended Outcome: Foster increased engagement and participation on the platform through the introduction of rewards and membership incentives.

Milestone 11: Technical documentation + sprints on technical backlogs

• Deliverables: Comprehensive technical documentation addressing all aspects of the platform's functionalities and architecture. Conducting sprints to address and resolve technical backlogs and issues.
• Outputs: Complete technical documentation covering all relevant aspects of the platform. Technical backlogs and issues addressed through sprints.
• Intended Outcome: Provide clear and detailed technical documentation for users and developers, ensuring a smooth and well-documented platform. Resolve any outstanding technical issues through focused sprints.

Milestone 12: UI revisions and feasibility

• Deliverables: Revisions and improvements to the user interface based on user feedback and testing. Conducting feasibility assessments to ensure the platform's functionality and scalability.
• Outputs: User interface revisions implemented, incorporating user feedback. Feasibility assessments conducted, ensuring the platform's viability and scalability.
• Intended Outcome: Refine the user interface based on user input, maximizing user satisfaction. Verify the feasibility and scalability of the platform to support future growth and expansion.

Please provide a detailed budget breakdown of the proposed work and resources.

Project manager : 2000Ada/ month * 6 = 12000 ADA

Lead blockchain & back end dev : 4000Ada/ month *6 = 24000ADA

Front end dev for web and Dapp: 2000Ada/month * 6 =12000 ADA

Smart contract audit: 24000 ADA( CERTIK)

Total: 72000 ADA

The project development cost is 3x cheaper in India compared to the development costs in EU & USA this allows team to cover larger development milestones within the requested amunt of funds, while cardano ecosystem supports the development, Team Yenna will cover all legal and onboarding costs for clients. The project is bootstrapped with the support of founding team members

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

Project manager: Prateek Bijjam & Junada Sullilari

Linkedin Links: <https://www.linkedin.com/in/prateek-p-03857a4a/>

Experience: Prateek has worked with Smarthubs team in building cardano ecosystem and worked with 5 accelerator programs in building the project along with his team members , he also has over 6 years of experience in working in MNCs like Wipro, Gecapital, Amazon global, WNS, and Entitledarts

<https://www.linkedin.com/in/junada-sulillari-b656041b4/>

Junada has a background on finance and accounting. She has over 8 years of experience as an academic, finance manager and accountant. She is an assistant lecturer in finance and accounting, a Ph.D student in finance, part of MassChallenge accelerator as a judge and mentor and part of the core team and an advisor in two other start-ups.

Lead Developer: Vineet Tiwari

Linkedin links : <https://www.linkedin.com/in/vineet-tiwari-ab1456163>

Experience: Vineet is an experienced blockchain profession with over 4 years of industry experience and has deployed several projects to main net.

Front end dev: Visishta Chatla

Linkedin link: N/A

experience: she is an upcoming front end developer with 2 years of experience in web app development and 1.5 years of experience in mobile app development

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

Cost of the resources are extremely negligible compared to market prices, mainly because each individual mentioned here is a stake holder of yenna tech and purposefully driven towards supporting the cause , where cardamon ecosystem gets to onboard a project is past their on field research and have clients on board