Please describe your proposed solution.
Background
Within the framework of Society 5.0 (human-centered society that balances economic and technological advancement to solve society’s problems), our proposal it’s to generate a technological platform that allows to safely manage all "heritage succession" procedures for an individual in a planned manner, and thus avoid emotional and financial stability in the event of a sudden death of their relatives.
The mortgage rate has decreased steadily during the last 50 years while life expectancy has increased to 73 years old, even though 9 of 1,000 people died annually around the world, generating one of the three most stressful moments in the life for a person, the death of a family member.
According to the world Assurance study mentioned that 50% of the people are uninsurance and 70% of the families that lose a relative are not prepared financially to face this issue, which might lead to the second most stressful moment in life, bankruptcy. Just to don’t leave you with the doubt, the third most stressful moment it’s the Divorce.
We believe that most people postpone the planning phase due to lack of information and a lot of effort trying to identify Institutions, Organizations that provide the type of services that align with their values, and expectations, additionally the are no tools in the market to foster the growth of confidence about talking to planning your death.
Description
The proposed solutions “DIGITAL HERITAGE” it´s the frst metaverse marketplace build on a safe technological platform that allows to manage all "heritage succession" procedures in a planned manner, and thus mitigate emotional concerns through financial stability for their relatives, in the event of a sudden death.
The DIGITAL HERITAGE platform address three interrelated pillars, which together can generate more catalytic, transformative, and systemic changes in the society.
Our proposal considers:
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Create an innovative metaverse platform with a friendly user experience backed by Cardano blockchain ecosystem feature with transparency, security, integration, privacy, and scalability to gain trust as a competitive advantage.
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Build secure integration with vendors to enable an WEB 3.0 e-commerce Marketplace that allows to storage electronic documents in a digital Safe Vaults as (Passport, IDs, Contracts, Invoices, will, deed, or any personal document), the purchase and trust of Digital Assets as criptocurrencies, access to Legal consultation services, safe management of virtual and physical exchange or bank accounts, access to insurance services, managed in the Cardano Blockchain.
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AI capabilities built on a Virtual Asistant & Smart Apps that allows users to interact with a digital concept and gain knowledge and cultural behavious around planning your Heritage. Access to automatize any particular actions after death using Cardano smart Contracts, as release of Insurance Contracts, access to Will, specific instructions in the will, release of funds, all managed through a Proof-of-Life trade-mark service manage through Blockchain infrastructure.
What used to be a utopia is now a reality, by taking advantage of the technological development in Metaverse Cardano, Blockchain Cardano, Web3.0 Cardano, centered on the human being, we enable a truly valuable solution for people around the world, personalized and scalable by country.
Supporting this solution by Cardano environment, being one of the biggest names in the Blockchain industry it’s the pivot to take this project to the moon.
Other benefits for the end user,
- Participants can also bring their avatars or make their own, and interact with other users in a social network, among the digital services converted in digital contracts linked with workflows that triggers smart contracts according to specific rules.
- Additionally, assets that can be sold and purchased in the metaverse.
- Virtual Reality (VR) offer users an immersive experience by blending the real world with a digital environment. User interface might use a smartphone or laptop with headset to navigate through a realistic virtual space similar to real-world surroundings, making it fun and thrilling and motivating users to spend more time on the platform.
- The AI technology supports the experience to interact with external service providers that drive you to a specific checklist of end-of-life services, from estate planning to a final Video message to your family, passing through the administrative activities to maintain your family safe as insurance contracts, funeral services, or send instructions or documents.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
During the pandemic, any one of us knew a case/event in which another family was impacted by a sensitive death of a family member, relative, or friend due this horrible virus COVID-19.
Unfortunately for many of them this not only included emotional suffering, but also mental reactions as anger, guilt, or physical reactions that might generate illness. In other cases, this lead to temporal or medium term financial problems, but in general most of their day to day lives were sudden impacted and change.
Nowadays it’s needed to say that there are different On-line companies offering special services for end-of-life planning to help people to plan accordingly. They all know that End-of-life decisions can be overwhelming but making those choices when you are healthy gives you more control. Their pain point is that it´s digital experience finishes while you pay for the service and receive your Service confirmation or Insurance Policy.
Every action from them it´s isolated and cannot be integrated with other services, so the main idea for this solution it´s to integrate the whole End to End process into a single ecosystem.
Using BlockChain technology in the Cardano ecosystem opens a bundle of new opportunities which supports the integration with Vendors and embed new platforms with latest technologies enabling seamless interoperability and data sharing across a virtual world.
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Adoption - By solving real problems, our project can attract new users to the Cardano ecosystem
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Innovation - Use cases for integrating AI, metaverse and blockchain and practical applicability of Cardano blockchain
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Beyond - fulfill Cardano's capabilities in practical and meaningful applications and support society by resolving problems
How do you intend to measure the success of your project?
Based on our principles in “ESIPO Technology” we are a product organization focus on digital transformation, developing technological solutions that enable and improve customer experience while improving efficiencies.
We build our products and services to be valuable and maximizes contribution to our customer priorities and objectives. Firstable we manage an effective product delivery methodology based on system product Life Cycle including closure and transition management.
We integrate innovation and disruptive technologies inside our proposals and seek for the continuous improvement using Agile methodologies.
We always measure the progress along the way.
Our solutions are meant to be robust, scalable, and cloud based, always promoting sustainability. The team it´s formed by a group of experts that accounts for capabilities in several technologies, and project management expertise always promoting a culture of profitability.
Our general progress will be defined by the attainment of each phase / cycle objectives in terms of scope, budget and quality and the success in our projects is based on the following criteria:
a. Anticipates risk or opportunities associated the product and project /
Measured by weekly follow up of associated risks and risk mitigation action plans.
b. Ensuring focus on the product vision developing a plan for go-to market
strategy and applicable service level agreements
Measured through CutOver Plans / Launch plans / SLA sign-offs
c. Build a product plan, with ROI propositions
Measured using Benefit tracking and benefit realization
d. Use a communication plan to relevant stakeholders
Measured with a formal approved communication plan and monthly follow up
e. Combination of project management solutions and email tracking.
f. Integration management ability to bring people of various locations, skills and background together and coordinate them to achieve goals
g. Project management to ensure accomplishment of master scope, quality & cost versus budget
Measured through weekly updates / Daily issue tracking
Please describe your plans to share the outputs and results of your project?
We in ESIPO know what is expected from us, so it becomes much easier for individuals to come together to collaborate as a team and, as a result, generate better outputs. We always encourage that these outputs should be clearly detailed in terms of timing, quality expected and budget control.
It’s important to let people know what their responsibilities are and assign them correctly. Inside the team we promote actions to identify the team members with the best skills and most qualified to complete specific tasks, so we have a clearly form of responsibilities based on each deadlines for activities within the project.
The project communication plan includes, depending on the target audience the primary communication channel which will be through email, virtual meetings, audio and video calls, or social media for external stakeholders.
Weekly status reports will be available via ”minutes” to a specific distribution list. Results from this meeting will be share with all the team.
Monthly meeting with main stakeholders will be held to share updates about plans, risks, budget, and opportunities, that we call Steering committee.