Please describe your proposed solution.
Wada seeks to support projects on the ground in Africa and the African diaspora through our 3 fundamental pillars: Infrastructure, Education and Dapp Creation.
Infrastructure: We have already started with the physical infrastructure (office space, equipment, furnishings, and internet) which has helped us to solidify Cardano's presence on the continent. Another support we will provide to our hubs is the legal infrastructure to ensure the longevity of our hubs by making sure that they are getting the necessary legal and structural support to make sure they last.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
Physically setting up a hub is one thing. It is another thing to have in place a legal framework for ensuring transparent, responsible, and auditable governance of each Wada hub. Our proposed solution will deliver a legal and governance framework. It will also deliver an operating model that translates the governance framework into repeatable practices, procedures, processes, and job responsibilities. This will enable the execution of consistent governance processes and experiences at every level across all Wada hubs. The framework shall be constructed in a manner that ensures it can be white-labelled and used by other non-Wada Cardano hubs.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
A major risk that can prevent us from successfully delivery is trying too hard at an early stage to make the Wada hubs/Wada itself into a DAO as this concept is still quite experimental. To mitigate this risk, we shall align our framework with the ways of workings of co-operative societies as these are the closest real world examples of the nirvana we call a DAO.
Another major risk would be trying to boil the ocean/building our governance framework entirely from scratch and becoming overwhelmed with the amount of work required. To mitigate this risk, we shall select as a base framework one of the many different legal co-operative frameworks that already exist today and modify and embellish as appropriate to fit our purposes. https://www.uk.coop/resources/model-governing-documents
Yet another major risk would be affording the services of lawyers and accountant who will be needed to validate our frameworks. We will mitigate this risk by firstly using as much of an existing co-operative framework as is possible. Secondly, working closely with the UK co-operative society who provide a lot of free guidance resources and workshops. Thirdly we will work with lawyers and accountant from the co-operative society who are already familiar with the underlying basis of our framework.