Please describe your proposed solution.

The proposed solution, Statur, is a reputation model that quantifies and evaluates the reputation of individuals and entities based on their positive actions and contributions within the web3 ecosystem. It utilises decentralised storage infrastructure for secure data storage and privacy. Statur provides quantitative metrics (karma points) and qualitative recognition (badges) to incentivize engagement in reputation-building activities.

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

The proposed solution addresses the challenge of building a reputation system for the Cardano ecosystem by providing a transparent and reliable mechanism to evaluate the reputation of project owners and participants. Here's how the solution addresses the challenge and the benefits it brings to the Cardano ecosystem:

1. Trust and Transparency: The reputation system introduces a trust layer by assigning reputation scores to project owners and participants based on their past behaviour and contributions. This transparency enables users to make informed decisions when engaging with projects, reducing the risks associated with fraudulent or malicious activities. Users can trust the reputation scores as they are calculated based on objective criteria and verified data.
2. Enhanced Collaboration: The reputation system incentivizes positive behaviour and contributions within the Cardano ecosystem. Project owners and participants with high reputation scores are more likely to attract collaborators, as their credibility and track record are readily visible. This fosters a collaborative environment where users can easily identify trustworthy partners and engage in meaningful collaborations, leading to the development of high-quality projects and applications.
3. Improved User Experience: Users can rely on reputation scores to evaluate the credibility and reliability of project owners and participants. This enables them to make informed decisions when selecting projects or individuals to engage with. The reputation system provides a valuable tool for users to assess the trustworthiness of the ecosystem's participants, resulting in a more satisfying and rewarding user experience.
4. Governance and Decision Making: The reputation system can be integrated into Cardano's governance mechanisms, allowing reputation scores to influence decision-making processes. This ensures that individuals with a positive track record and high reputation have a greater influence in shaping the future of the ecosystem. By incorporating reputation as a factor in governance, the Cardano ecosystem can promote a more transparent, accountable, and merit-based decision-making process.
5. Ecosystem Growth and Attraction: The reputation system adds value to the Cardano ecosystem by attracting more users and developers. A reputation system enhances the overall credibility and trustworthiness of the platform, making it more appealing for individuals and organisations to participate and contribute. As the ecosystem grows, it attracts more economic activity, innovation, and investment, solidifying Cardano's position as a leading blockchain platform.

In summary, the proposed reputation system addresses the challenge by introducing transparency, trust, and accountability to the Cardano ecosystem. It benefits the ecosystem by enhancing collaboration, improving user experience, facilitating governance, and driving ecosystem growth. These benefits contribute to a vibrant and thriving Cardano ecosystem, positioning it as a reliable and attractive platform for users.

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

To measure the success of the reputation system project, several key metrics and indicators can be considered. Here are some ways to measure the project's success:

1. Adoption Rate: One of the primary indicators of success is the adoption rate of the reputation system within the Cardano ecosystem. This can be measured by tracking the number of project owners and participants who actively use and engage with the reputation system. Higher adoption rates indicate that the system is being embraced by the community and fulfilling its intended purpose.
2. User Satisfaction: Conducting surveys or collecting feedback from users about their satisfaction with the reputation system can provide valuable insights. User satisfaction can be measured by evaluating factors such as ease of use, transparency, accuracy of reputation scores, and the impact of reputation on decision-making. Positive user feedback and high satisfaction ratings indicate the system's success in meeting user expectations.
3. Quality of Projects and Collaborations: The reputation system aims to promote high-quality projects and collaborations within the Cardano ecosystem. Monitoring the quality and success rate of projects and collaborations facilitated by the reputation system can indicate its effectiveness. This can be assessed by factors such as project completion rates, user feedback on project outcomes, and the overall reputation of successful projects.
4. Trust and Security: The reputation system should enhance trust and security within the Cardano ecosystem. Monitoring the occurrence of fraudulent or malicious activities and assessing their impact on the reputation system can provide insights into the system's effectiveness. A decrease in such activities and an increase in trust and security indicate the project's success in addressing these challenges.
5. Impact on Decision Making: Integrating reputation scores into Cardano's governance mechanisms provides an opportunity to evaluate the impact of reputation on decision-making processes. Monitoring the influence of reputation scores on governance decisions and assessing the quality and effectiveness of those decisions can demonstrate the success of the reputation system in promoting a merit-based and accountable decision-making process.
6. Ecosystem Growth: The reputation system should contribute to the growth and development of the Cardano ecosystem. Tracking key ecosystem metrics such as the number of active users, new projects, collaborations, and investments can provide insights into the system's impact. A positive correlation between the reputation system's implementation and ecosystem growth indicates its success in attracting and retaining participants.

It's important to establish baseline measurements for these metrics before the implementation of the reputation system to accurately assess its impact and success. Regular monitoring and analysis of these metrics throughout the project's lifecycle can provide feedback for improvements and help measure the overall success of the reputation system in achieving its intended goals.

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

Sharing the outputs and results of the reputation system project is crucial for transparency, community engagement, and fostering collaboration within the Cardano ecosystem. Here are the plans to share the outputs and results:

1. Documentation: Comprehensive documentation detailing the design, architecture, and implementation of the reputation system will be created. This documentation will serve as a reference for developers, project owners, and users who want to understand and integrate the reputation system into their projects. It will be made publicly available through a dedicated website or a documentation repository.
2. Release Announcement: A formal release announcement will be made to notify the Cardano community about the availability of the reputation system. This announcement will include an overview of the system's features, its benefits, and instructions on how to access and use it. It will be shared through official Cardano communication channels, such as the Cardano website, blog, forums, and social media platforms.
3. Community Engagement: The project team will actively engage with the Cardano community to gather feedback, answer questions, and address any concerns related to the reputation system. This can be done through community forums, developer meetups, AMA (Ask Me Anything) sessions, and dedicated communication channels like Discord or Telegram. Regular updates on the project's progress, milestones, and upcoming features will be shared to keep the community informed and involved.
4. Developer Resources: To encourage adoption and integration of the reputation system, the project team will create developer resources such as tutorials, sample code, and best practices guides. These resources will be made available on the project's website or a dedicated developer portal. Developers will have access to code repositories, APIs, and SDKs that facilitate the integration of the reputation system into their own applications and projects.
5. Case Studies and Use Cases: Demonstrating the real-world applications and benefits of the reputation system can be done through case studies and use cases. The project team will showcase success stories of projects or collaborations that have utilised the reputation system effectively. These case studies will highlight the positive impact of the reputation system on decision-making, project quality, and community engagement.

By implementing these plans to share the outputs and results of the reputation system project, the aim is to foster transparency, gather feedback, encourage adoption, and inspire further innovation within the Cardano ecosystem.

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

1. Track Record: Evaluating our past projects, partnerships, and collaborations can provide insights into their ability to deliver on our promises and meet our commitments. Looking for references, testimonials, or case studies can help gauge our track record of delivering successful projects and maintaining accountability. Examples of accomplished work are MVP for storage, testnet released for resource providers and multisender (LegerFlow).
2. Reputation and Reviews: Researching our reputation within the Cardano community and wider industry can provide insights into our credibility and trustworthiness. Examining online reviews, ratings, and feedback from clients, partners, and users can help assess our accountability in previous endeavours. Examples of reputation are transparency models with our tokenomics via ADAHandle and allocation team tokens for the Nomad exploit.
3. Team: Our team consists of experienced developers and experts in the field of blockchain and reputation systems. We have a proven track record of delivering high-quality projects with a strong focus on trust and accountability. Team co founders include: Dr. Navjit Dhaliwal (has led 3 successful startups, increased revenue over 3 years from 0 NOK to 10 million NOK), Dr. Rohit Gupta (former director of technology for Expedia, currently a senior manager at Google, wrote thesis in decentralised compute in 2005), Dr. Claudio Lima (former CTO at Huawei in east asia, currently education governments and enterprises on Blockchain architecture) and Dr. Elad Harison (AI/machine learning expert, economics professor). The team consists of 19 developers, and can be expanded to a larger group if needed.
4. Communication and Engagement: The willingness to communicate openly and engage with token holders, including the Cardano community, can indicate a commitment to transparency and accountability. Regular updates, community involvement, and responsiveness to queries and concerns can enhance trust in the project.

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

The main goals of the project are as follows:

1. Develop a reputation quantification and evaluation system: The project aims to create a system called Statur that can quantify and evaluate the reputation of individuals or entities based on their actions, behaviours, and contributions within a specific context or ecosystem.
2. Define metrics and criteria for reputation measurement: The project proposes collecting data on various activities and defining metrics and criteria for measuring these activities. These metrics will be used to calculate reputation scores and provide a comprehensive view of a user's reputation.
3. Establish a quantitative reputation metric: The project suggests incorporating a quantitative reputation metric, such as karma points, to represent the overall reputation of users. Karma points can be earned based on specific actions and contributions, providing a tangible measure of reputation.
4. Establish a qualitative reputation system: The project proposes establishing a qualitative reputation system through the use of badges. These badges will recognize notable achievements and provide additional recognition for users who have made significant contributions or achieved certain milestones.
5. Implement automated distribution mechanisms: The project aims to implement automated distribution mechanisms for karma points, upvotes, and downvotes. These mechanisms will ensure fair and consistent distribution based on predefined rules, avoiding bias or manipulation.

To validate the feasibility of the approach, the project can undertake the following steps:

1. Conduct a thorough technical feasibility study: Assess the technical requirements and challenges associated with developing the reputation quantification and evaluation system. Evaluate the availability of required resources, such as data collection mechanisms, algorithms, and storage infrastructure. Identify any potential technical limitations or risks and develop mitigation strategies.
2. Prototype development and testing: Build a functional prototype of the Statur reputation model and test it with a representative sample of users or entities. Gather feedback on usability, accuracy, and performance to identify any necessary improvements or adjustments.
3. Collaborate with relevant users: Engage with organisations or individuals who may benefit from or contribute to the reputation model. Seek their input, validate the value proposition, and ensure alignment with their needs and requirements.
4. Pilot implementation and evaluation: Deploy the reputation model in a limited-scale environment or specific use case and evaluate its effectiveness. Measure the impact of the reputation system on trust, decision-making, and user engagement. Assess whether the reputation metrics accurately reflect users' actions and contributions.
5. Iterate and refine: Based on user feedback, data analysis, and evaluation results, iterate on the reputation model to improve its functionality, accuracy, and fairness. Continuously gather user insights and make necessary adjustments to enhance the system's effectiveness.

By following these steps, the project can gather evidence to demonstrate the feasibility of the approach and make informed decisions regarding its implementation and further development.

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.

Milestone 1: Reputation Model Development

Tasks:

• Dashboard design
• Data collection mechanisms implementation
• Reputation calculation algorithm development
• Karma point system design and implementation
• Badge system design and implementation

Milestone 2: API Integration and Contract Development

Tasks:

• Reputation API development for project owners and users
• Reputation contract development
• Reputation token minting API implementation
• Reputation update mechanism design and implementation

Milestone 3: User Interface and Deployment

Tasks:

• User interface design and development
• Integration of reputation APIs with UI
• Smart contract testing and deployment
• Statur testing, iteration, and deployment

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

Here's a breakdown of the deliverables, outputs, and intended outcomes for each milestone:

Milestone 1: Reputation Model Development

• Deliverables:
• Dashboard design
• Data collection mechanisms implementation
• Reputation calculation algorithm development
• Karma point system design and implementation
• Badge system design and implementation
• Outputs:
• Completed dashboard design for managing reputation-related data
• Implemented data collection mechanisms to gather relevant user data
• Developed reputation calculation algorithm to quantify reputation scores
• Implemented karma point system to assign and update reputation points
• Designed and integrated badge system to recognize user achievements
• Intended Outcomes:
• A well-designed dashboard for reputation management
• Functional data collection mechanisms to gather necessary user data
• Accurate and effective reputation calculation algorithm
• Implementation of a karma point system to assign reputation points
• Successful integration of a badge system to recognize user achievements

Milestone 2: API Integration and Contract Development

• Deliverables:
• Reputation API development for project owners and users
• Reputation contract development
• Reputation token minting API implementation
• Reputation update mechanism design and implementation
• Outputs:
• Developed reputation API for project owners and users to interact with the reputation system
• Created reputation contract to define the rules and logic of the reputation model
• Implemented reputation token minting API for generating reputation tokens
• Designed and implemented reputation update mechanism to reflect changes in user reputation
• Intended Outcomes:
• Functional reputation API for seamless integration with external applications
• Well-defined reputation contract to ensure consistency and fairness in reputation calculations
• Reputation token minting API for generating reputation tokens accurately
• Reliable reputation update mechanism that reflects changes in user reputation accurately

Milestone 3: User Interface and Deployment

• Deliverables:
• User interface design and development
• Integration of reputation APIs with UI
• Smart contract testing and deployment
• Statur testing, iteration, and deployment
• Outputs:
• Designed and developed user interface for users to interact with the reputation system
• Integrated reputation APIs with the user interface to enable seamless reputation-related actions
• Conducted testing of smart contracts to ensure their functionality and reliability
• Tested, iterated, and deployed the Statur reputation system in a production or simulated environment
• Intended Outcomes:
• User-friendly and visually appealing user interface for easy interaction with the reputation system
• Smooth integration of reputation APIs with the user interface for seamless user experience
• Thoroughly tested and reliable smart contracts to ensure accurate reputation calculations
• Successfully tested, iterated, and deployed Statur reputation system in a real or simulated environment

These milestones and their associated deliverables, outputs, and outcomes provide a structured approach to developing the reputation system, integrating APIs, designing the user interface, and deploying the Statur reputation model.

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

Total Budget: 70000 USD = 238009 ADA, We want to highlight that we pay our developers in fiat and price fluctuation will be taken into account before finalising the ADA amount. Current estimate is based on price on Jul 3, 2023.

Milestone 1: Reputation Model Development

Development time estimate: 2 months (2 backend developers, 2 Testers, 1 devOps)

Budget: 61202 ADA

Milestone 2: API Integration and Contract Development

Development time estimate: 2 months (2 backend developers, 1 contract developer and 2 Testers, 1 devOps)

Budget: 95203 ADA

Milestone 3: User Interface and Deployment

Development time estimate: 2 months (2 frontend developers, 2 backend developers, 2 Testers, 1 devOps)

Budget: 81606 ADA

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

1. Navjit, CEO
2. Shrijana, project manager
3. Devendra, project lead
4. 8 developers (2 front end, 2 backend, 1 contract dev, 1 devops, 2 testers)

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

The cost of the project represents value for money for the Cardano ecosystem in several ways:

1. Development of Reputation System: The project aims to develop a reputation system specifically tailored for the Cardano ecosystem. By investing in the development of this system, the Cardano ecosystem can benefit from enhanced community engagement, trust, and collaboration. Statur incentivizes positive behaviour, discourages malicious activities, and fosters a healthy and vibrant ecosystem. This can attract more users and developers to the Cardano platform, increasing its overall value.
2. Improved User Experience: The reputation system will enhance the user experience by providing users with a transparent and reliable mechanism to evaluate the reputation of project owners and participants. This can help users make informed decisions, choose trustworthy projects, and engage in meaningful collaborations. By providing a valuable tool for users, the reputation system contributes to the overall satisfaction and engagement of the Cardano community.
3. Strengthened Governance: The reputation system can be integrated into Cardano's governance mechanisms, allowing reputation scores to influence decision-making processes. This can help ensure that important decisions are made by individuals with a track record of positive contributions and credibility within the ecosystem. By promoting a more transparent and accountable governance structure, the reputation system adds value to the Cardano ecosystem.
4. Increased Trust and Security: A reputation system adds an extra layer of trust and security to the Cardano ecosystem. Users can rely on reputation scores to assess the credibility and reliability of project owners and participants. This reduces the risks associated with fraudulent or malicious activities, fostering a safer environment for users and increasing overall confidence in the platform.

Overall, the cost of the project represents value for money for the Cardano ecosystem by enhancing community engagement, improving user experience, strengthening governance, increasing trust and security, and fostering ecosystem expansion. These benefits contribute to the long-term success and sustainability of Cardano as a leading blockchain platform.