OpenSource MPE for SingularityNET

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Aaron Schmid
Project Owner

OpenSource MPE for SingularityNET

Expert Rating

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Overview

We propose to implement an MPE protocol based on the specifications and architecture outlined in this RFP. Our team brings extensive experience in both Solidity and Cardano-based projects, having successfully founded and developed vault3.io, a token-gating solution on Cardano earlier this year, we are well-equipped to tackle both on-chain and off-chain aspects of this implementation. Through this proposal, we aim to introduce ourselves to Deep Funding and its community while deepening our understanding of SingularityNET’s ecosystem. We are particularly excited about the opportunity to implement an MPE on Cardano’s UTxO model, embracing the technical challenges and innovations this presents.

RFP Guidelines

Development of a Cardano-Based MultiParty Escrow (MPE) System

Proposal Submission (4 days left)
  • Type Partner RFP
  • Total RFP Funding $40,000 USD
  • Proposals 5
  • Awarded Projects n/a
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Oct. 15, 2024

The MultiParty Escrow (MPE) smart contract is a critical component of the SingularityNET platform's integration with the Cardano blockchain. Designed to manage payment channels within SingularityNET’s Decentralized AI Platform and AI Marketplace, this contract enables secure, decentralized transactions between clients and AI service providers. By leveraging Cardano’s Extended UTxO (EUTxO) model, this solution facilitates efficient and trustworthy interactions, ensuring streamlined payments for AI services.

Proposal Description

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  • Total Milestones

    4

  • Total Budget

    $40,000 USD

  • Last Updated

    25 Nov 2024

Milestone 1 - Whitepaper

Description

This milestone focuses on creating a comprehensive whitepaper that outlines the full scope of the MPE implementation. The whitepaper will serve as a blueprint for the project detailing the architecture technical specifications and integration strategies for the protocol. It will also include an analysis of Cardano’s EUTxO model and how it influences the design of the MPE solution.

Deliverables

- Publicly available whitepaper in PDF format or as a small website. - Overview of the planned architecture including diagrams and workflows. - Detailed description of all systems and functionalities required by the RFP. - Explanation of security considerations and scalability strategies.

Budget

$10,000 USD

Milestone 2 - Smart contract

Description

This milestone involves developing the MPE’s core on-chain functionalities as a Cardano smart contract. The smart contract will enable token deposits channel creation fund claims and expiration management. Security measures such as signature validation and replay attack prevention will also be implemented.

Deliverables

- Fully functional smart contract source code published in a public Git repository. - Deployment of the smart contract on the Cardano preview testnet. - Documentation of the contract functionality and usage.

Budget

$10,000 USD

Milestone 3 - Frontend & Backend

Description

This milestone focuses on developing a user-friendly frontend and backend to interact with the MPE smart contract. The frontend will provide an intuitive interface for clients and service providers to manage payment channels while the backend will handle off-chain operations such as signature generation and payment verification.

Deliverables

- Smart contract source code accessible in a public Git repository. - Preview release of the frontend and backend connected to the deployed testnet contract. - Functionalities include channel creation fund management and signature generation/validation.

Budget

$10,000 USD

Milestone 4 - Deployment and bugfixing

Description

The final milestone focuses on deploying the MPE protocol to production and ensuring it is fully operational. Comprehensive testing and bug fixes will be performed to guarantee reliability and security. Additionally the whitepaper will be updated with final details on integration and usage.

Deliverables

- Production-ready release of the frontend backend and smart contract. - Updated whitepaper with integration instructions and usage documentation. - A fully operational and secure MPE protocol available on the Cardano mainnet.

Budget

$10,000 USD

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