Please describe your proposed solution.
Please check in the short video below, the summary of the car sharing project:
<https://www.youtube.com/embed/yJkNHMB6AKk>Please check in the article below, the summary of the Car sharing project:
<https://medium.com/@peakchain/peakchain-car-sharing-platform-on-cardano-blockchain-4842ec439bdb>
- Our Mission
To establish Cardano as the blockchain standard for the automobile industry.
- Our Vision
To become the world-leading automobile industry blockchain solution provider based on the Cardano blockchain.
- Our Plan:
We can accomplish these goals by:
- Building ready to use Connected Car DApps on top of Cardano.
- Demonstrating Cardano's suitability as a ready to use platform with these solutions.
- Promoting these solutions in the German and international markets.
- Innovating to develop two platforms on Cardano.
Please check all acceptance criteria of the project, roadmap, team, and budget under this Link:
<u>FEASIBILITY SPREADSHEET</u>
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Impact on the audience and user group: Impact on user group of Carsharing Platform:
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Ensuring Data Privacy: The privacy of the carsharing platform users will be increased significantly compared to decentralized servers. User data will be anonymous in the blockchain and not accessisble to abuse from external actors. Users cannot be publically identified and user Data cannot be tracked.
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Improving Transparency and Trust: Using blockchain smart contracts instead of traditional centralized digital contracts will enhance the transparency of fee calculations. No third party is required for contracts between the customer and the carsharing service.
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Augmenting Data Security: Customers are assured that their data is hashed in the blockchain and cannot be hacked or stolen by third parties. This is especially true when compared to centralized carsharing services, where user data could theoretically be hacked, manipulated, and abused.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
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After some iterations of the project, and once we implement the platform and it is ready for launch, we will cooperate with a carsharing company in Germany to implement the pilot project.
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Typically, today, companies are very aware of the importance of data privacy and data security, especially in Germany. This solution will assure the privacy and security of the users’ data who are utilizing carsharing services—especially when compared with services communicating with centralized services.
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Consequently, increasing numbers of companies will want to use Cardano blockchain as a platform for carsharing services. Cardano, as a result, could be established as a standard for data privacy and security.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
1.Main Challenges:
There are three main challenges
- Presently, many startups are merging without any recognized, formal and established legal entity offering full transparency. Consequently, team members sometimes have no experience in the market in which they are operating, meaning they have unproven experience.
- Most innovative projects fail to deliver on time and have an excessive time to market.
- Most projects focus on delivering features, often choosing to skip software quality assurance efforts, assuming that the cost of quality is higher than the cost of non-conformance.
2.Our Strategy to mitigate the risks:
2.1. Building Trust:
- Our expert team has significant experience, working on Connected Car Projects in the automobile industry for extensive periods.
- We are a transparent legal entity, a company called PeakSoft GmbH based in Wuppertal, Germany. For many years, we have been dedicated to delivering software development and software quality/test automation solutions.
- For more information about PeakSoft GmbH, the company forming PeakChain, please check our website: <https://peak-soft.de/>
- For more information about the company legal information, please check this link: <https://peak-soft.de/impressum/>
2.2. Short Time to Market:
- Our Strategy is to build and deliver high-tech, effective solutions through an incremental agile process. Our team, collectively, possesses technical and management experience
- We have developed an initial prototype with the infrastructure we need to succeed. In this way, we can concentrate on building impactful features and accelerating our deliveries.
- Agile Software Development methods will be used to manage our project, in particular with a focus on Scrum. Sprint period iteration will last two weeks Agile Software Development methods will decrease time to market while accelerating the pace of development by focusing on delivering plug-and-play features within short increments, without having a detrimental outcome on quality.
2.3. "Highly" Prioritizing Quality
- Short time to market doesn't mean delivering features and hindering quality. We are ISTQB Certified, offering outstanding experience in software quality assurance and test automation. Consequently, quality will be our main focus.
- We plan to utilize ISTQB as a standard to ensure our quality. A dedicated test concept containing details of the software quality assurance process will be formed in the project.