Please describe your proposed solution.
The problem is fairly simple, with the speed at which technology advances, its adoption becomes a barrier for those who are not technically proficient. Our goal here is to eliminate this barrier for the agri ecosystem with the help of the cardano ecosystem by creating a two way flow of revenue that creates sustainability. Thus we are taking an approach to democratise our open source tools in the form of a service named Yeniblox, that enables non technical agri experts to join our community as members and leverage land tokenisation platform as a service against a fixed fee
Yenna Foundation is a non-profit and member-led community where members leverage a smart contract-governed application for tokenization for various industries. The foundation offers YeniBlox, a service that is available to a wider community of entrepreneurs. YeniBlox itself is a system that allows a wide range of businesses to express the value of their land and venture as “land tokens” through a process known as "Digital Land Offering". That means that they can raise capital in a more flexible way than they ever have before. Furthermore, there is a secondary market in land tokens which will pay them a fee each time that their land is subsequently traded.
Members are also offered subsequent training to execute trades with fair pricing on behalf of farmers in the ecosystem and earn relevant rewards as mentioned below
Rare, Epic &n Legendary tier members hold the right to vote for proposals, whereas legendary membership is primary targeted for founders in the agri ecosystem or traders seeking for larger profit share form deals
We will demonstrate our impact by making this a open community activity, where with the existing and new interested members we will form the guiding principle & values of the organisation, conduct weekly training on regenerative agriculture practices and trading of goods to upskill members of the DAO that will support organisations like Yenna tech
Foundation will play a unique role of bringing technology frameworks within the cardano ecosystem to collaborate and offer services to projects within the agri space and also result in faster adoption of the agriculture ecosystem on chain
Agri entrepreneurs within the cardano ecosystem and those interested to adapt will benefit from it and thus it should be considered
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
Yenna foundation will enable an active formation of a community of entrepreneurs, agri stakeholders and high networth individuals within the cardano eco-system for the real world financing tools and other learning tools required for them to optimise their business
Our community has already sold over 400 memberships, with over 150 members in the ecosystem. 5 of which are interested in using the technology to support their clients with technology, market access and micro financing. This also leaves a possibility of several other members from the agri ecosystem to join cardano to leverage tools for which they receive the adequate amount of support.
It is our estimate that our existing legendary members are managing a supply of 5000 tons in Africa with over 10000 farmers in their portfolio, this estimates to a on chain transaction of approximately 7Mn USD in ADA every year
How do you intend to measure the success of your project?
Success will be measured in the steps taken to build a decentralised community of entrepreneurs, agri stakeholders, investors and technology experts and the first step towards it will be formation of a non-profit organisation that holds the treasury of Yenna tech and leverages technology tools and training for all its members.
In short term it will enable a sub community within cardano ecosystem which is actively building tools towards real world tokenisation and micro financing and in a larger run it will allow the cardano community to cater a large section of the agri ecosystem as a technology and services provider
Please describe your plans to share the outputs and results of your project?
Weekly participation meetings 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.
1:1 with Legendary membership users: We will actively work with legendary membership holders to understand their inclination for larger participation towards the use of technology of trading activities and support them in upskilling towards larger participation