Please describe your proposed solution.
Problem
We recognize a High Potential / Low Adoption paradox when it comes to blockchain in MENA (Middle East and North Africa), a region that homes +575M residents.
On the one hand, MENA seems to be the kind of region that blockchain has developed to serve. The region suffers from varying financial and economic difficulties, including untrustworthy banking sectors, depreciating national currencies, and the many pitfalls of unchecked centralization.
On the other hand, blockchain adoption and use cases have been stagnant, both quantitatively and qualitatively. MENA has exhibited what might be the globe’s slowest adoption rate in terms of size of use, and this poor adoption has been largely focused around CEXs and NFT flipping, stigmatizing blockchain technology across the region as a get-rich-quick scheme.
We want to:
1) Target this paradox with formal and informal research, to understand what cultural ** barriers are standing in the way of proper blockchain adoption in MENA,
2) Develop research-backed communication and education public-good projects and resources that can mitigate those barriers.
** We are using the term ‘culture’ here in its broader sense, referring to the shared beliefs and preferences of respected groups of people.
Solution
Inspired by the innovative spirit in the blockchain sphere, we have conceived a hybrid business structure that consists of three entities. Combined, these entities will tackle the High Potential / Low Adoption paradox with research, develop public good projects and communication standards backed by research, and provide blockchain businesses operating in or expanding to MENA with a trusted entry point to the MENA's heterogenous sub markets and market cultures.
The Taxir Initiative consists of:
- Tafkir (Arabic for: thinking). A non-profit research hub and public-goods initiative, Tafkir will design research and public-good projects, find the best-suited regional institutional partners for implementation, secure funding for said projects from the global blockchain community, and supervise implementation and publishing. This funding proposal is mainly concerned with Tafkir.
- Taxir (Arabic for: breaking, shattering). A for-profit Marketing and PR agencies, that will assist serious blockchain projects navigate MENA, by offering a specific set of communication services, backed by Tafkir’s research. Taxir will delegate most of implementation to trusted and highly specialized / localized service providers from our Tajsir directory. This funding proposal is not concerned with Taxir, as it will cover its expenses through profitable work.
- Tajsir (Arabic for: bridging). An index of communication, education and research service providers across MENA, bringing together highly specialized and localized individuals, collectives, businesses and institutions. Tafkir partners will receive training and access to blockchain educational content from Tafkir, and it will propagate Tafkir’s research and standards throughout MENA’s market.
During its first fiscal round (Aug 22 - July 23), Tafkir plans to accomplish all projects from List A and some projects from List B:
<u>List A</u>:
* Unified Arabic Blockchain Glossary (in progress). Potential partners: Majarra, ZeFi (onboard), DocStream (onbaord), Arabs in Blockchain (onboard). Kindly visit this link to check our Concept Note for the project:
https://drive.google.com/file/d/1uDAvnpIMwG4P94oEgbTO9of5MV8FqKgz/view?usp=sharing
* MENA Blockchain Legal and Legislative Explainer. An open source online guide to legal and legislative advances relating to blockchain technology in MENA, taking a middle ground between compliance and mobilization. Potential partners: Legal Agenda.
* Pangea Proxima. A sister-project to Taxir, Pangea Proxima will be a dual lingual (Arabic / English) blog specialized in covering, discussing and culturally scaling some prominent ideas in the blockchain sphere, including: System Theory, Game Theory, Radical Decentralization, Effective Altruism, … etc.
* El Salon. A hosted online community bringing together representatives of blockchain projects across MENA, in order to 1) build a community and mobilize for common causes, 2) connect, exchange knowledge and collaborate. El Salon was launched in Beta in April 2022.
* Open call for research papers on the theme of Cross-Cultural Scaling, the High Potential / Low Adoption paradox, and facilitating blockchain adoption in MENA.
* A library of educational and training content tailored to the needs of Tajsir’s members (in progress). So far, we have produced our first Arabic youtube course on Discord for Marketing Blockchain, you can find it here:
https://www.youtube.com/embed/AjytmwDZABA?start=&list=PLKTAxsbcmCpe0pq_jGXSyhev7rwrNJttB* Regional collaborations and participations: Collaborating with Dar Blockchain (Tunisia) to bring their blockchain startup incubator (Decentralize Impact) to Lebanon (confirmed). Participating in the second round of Arab Blockchain Week (confirmed). Additional projects to be added as we connect and index further blockchain projects from MENA.
<u>List B</u>:
* Tafsir. A personal-finance and investor-protection focused podcast. Potential partner: Sowt.
* Compiling, documenting and publishing Taxir’s resources and DAO tools in the form of ‘MENA Blockchain Start-up Guide’.
* Growing Taxir’s website blog into the leading place to read on blockchain’s builders community in MENA.
The Taxir Initiative is chain agnostic, as it is a non technical initiative, we want to build the communication, education and research infrastructure in MENA, for varying projects and chains to develop on. We believe infrastructural work makes for a great venue for inter-industry collaboration.
<u>Use Cases</u>:
1. Once our Arabic Blockchain Glossary is published, translating and publishing on blockchain in Arabic will immediately get more effective and cost efficient.
2. Our delegation dynamic accompanied with our Tajsir directory will make it easier for blockchain projects to find trusted communication, education and research service providers to help them navigate MENA's heterogeneous sub-markets.
3. El Salon's first agenda is for MENA based blockchain projects to collectively explore censorship-resistant and inclusive chains and projects, since tens of millions of MENA users are already being excluded from places like Opensea, Metamask and KYC platforms.
4. So far, CEXs have constituted the default entry point to blockchain technology for MENA residents. We want to empower decentralized ecosystems to become (at least) an equally popular entry point for Arabs exploring blockchain.
5. Our sister blog Pangea Proxima will introduce MENA residents to the radical potentials of decentralization, and to the wide scope of theories and ideas that make up the fabric of blockchain's philosophy. We expect these efforts to help de-stigmatizing blockchain technology by backing it with intellectual context.
6. Our planned project, The Legal Compliance Guide, is geared towards untangling and facilitating the complex challenge of incorporating a blockchain start up in MENA.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
We believe that proper blockchain adoption in MENA is delayed and has been stagnant for roughly the same reasons that slowed down the adoption of other similar technologies in MENA in the past. If you have 10 minutes to spare, we invite to read the case study section of our whitepaper, where we examine how the Hight Potential / Low Adoption paradox affected streaming services trying to penetrate MENA's market during the past 5 years.
Case Study - Taxir (gitbook.io)
We conclude in our whitepaper that some inter-industry collaboration at this stage, to invest in and strengthen blockchain communication, education and research infrastructure in MENA can benefit the entire industry, and facilitate blockchain adoption to a population of over 570M residents.
Given that MENA is an underserved region, we see our project as a tool for Culture, Diversity and Inclusion, as well as a research hub operating around the themes of Regulation and Compliance, and Awareness and Understanding. We explain with further details in previous and later paragraphs how our proposed projects for the first fiscal year will target specifically these themes.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Staffing challenges. The shy group of local blockchain heads in MENA are already busy juggling multiple high-paying projects, making recruitment for a public good project even harder. We approved in April a DAO proposal to install an X2 multiplier to all unpaid work hours in Taxir, so they can be rewarded with twice the shares (check our Dynamic Partnership Protocol). We are also keen on long-term in-house training and internship tracks to polish and grow our own talents.
Fundraising constraints. Fundraising for blockchain projects in MENA is a tricky business, as many Middle Eastern states, including Lebanon where we operate at the time being, are subject to international sanctions. Many funding sources available for other projects around the globe are off the table for us Middle Easterners.
We are planning to source our operational budget from institutional funders, while we’re exploring blockchain-influenced crowd-funding tools to fund our public good projects and research initiatives. We are also connecting with MENA blockchain businesses to exchange knowledge regarding funding resources and tools.
We are also planning to invite representatives of prominent blockchain projects around the globe to El Salon, so they can work together with blockchain entrepreneurs and builders from MENA, towards establishing compliant and trusted channels, where the global blockchain community can fund and support public good and infrastructural projects in MENA.
Legal constraints. Startups and NGOs in MENA are prone to governmental interference, and receiving funding from foreign partners is sometimes prohibited or falls under strong scrutiny. As a result, we are researching registering Taxir in a European country. Due to the nationality of Taxir’s cofounders (a Syrian and a Lebanese), this options has proved tricky as well. We are reaching out to fellow MENA blockchain businesses for assistance in this matter as well.
Travel constraints. As we anticipate for our staff to be largely composed of MENA residents, we anticipate running into mobility and travel constraints that might make it difficult for all of our team to meet under one roof or attend important conferences. We are exploring how the metaverse can mitigate some of these issues, and we hope that registering in a European country can facilitate visa issuing