Socious: Cardano MultiParty Escrow Smart Contract

chevron-icon
RFP Proposals
Top
chevron-icon
project-presentation-img
seirayun
Project Owner

Socious: Cardano MultiParty Escrow Smart Contract

Expert Rating

n/a

Overview

Socious proposes to develop a robust MultiParty Escrow (MPE) smart contract on Cardano, leveraging our expertise in both EVM-based and Cardano blockchain development. Our team has successfully deployed similar contracts on Milkomeda and Cardano. This project aims to create a secure, efficient payment channel system for SingularityNET's AI Platform, optimized for Cardano's EUTxO model and native tokens. Our solution will ensure streamlined payments for AI services within the SingularityNET ecosystem. Our expertise positions us to deliver a high-quality MPE system that adheres to best practices and Cardano's requirements, facilitating seamless integration for developers and users.

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
author-img
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

Proposal Details Locked…

In order to protect this proposal from being copied, all details are hidden until the end of the submission period. Please come back later to see all details.

Proposal Video

Not Avaliable Yet

Check back later during the Feedback & Selection period for the RFP that is proposal is applied to.

  • Total Milestones

    4

  • Total Budget

    $40,000 USD

  • Last Updated

    29 Nov 2024

Milestone 1 - Initial Design and Architecture

Description

Design the overall architecture of the Cardano-based MultiParty Escrow (MPE) smart contract. Define contract structure identify key components and plan implementation strategy to align with SingularityNET platform requirements. Timeline: Month 1

Deliverables

- Detailed technical specification document - Architecture diagrams - Initial smart contract skeleton in Aiken - Test plan outline - Integration plan with SingularityNET platform

Budget

$10,000 USD

Success Criterion

success_criteria_1

Milestone 2 - Core Functionality Implementation

Description

Implement core functionalities of the MPE smart contract including channel creation fund locking and basic claiming mechanisms. Ensure compatibility with AI service transactions on SingularityNET. Timeline: Month 2

Deliverables

- Implemented channel creation and management functions - Fund locking mechanism - Basic claiming process for AI service transactions - Unit tests for core functionalities - Initial documentation for developers - Progress report on integration with SingularityNET platform

Budget

$15,000 USD

Success Criterion

success_criteria_1

Milestone 3 - Advanced Features and Security Enhancements

Description

Implement advanced features such as multi-party support signature verification and time-bound channels. Enhance security of the smart contract and ensure compliance with Cardano's Project Catalyst requirements. Timeline: Month 3

Deliverables

- Multi-party support implementation for AI service providers and consumers - Signature verification mechanism - Time-bound channel functionality with extension capability - Updated documentation and usage guidelines

Budget

$10,000 USD

Success Criterion

success_criteria_1

Milestone 4 - Testing Optimization and Deployment

Description

Conduct thorough testing perform performance optimization and prepare for deployment on the Cardano network. Finalize integration with SingularityNET platform and ensure compatibility with AI service transactions. Timeline: Month 4

Deliverables

- Comprehensive test suite including integration tests with SingularityNET platform - Deployment-ready smart contract - Final documentation including API references and integration guides - Demo application showcasing the MPE functionality for AI service transactions

Budget

$5,000 USD

Success Criterion

success_criteria_1

Join the Discussion (0)

Expert Ratings

Reviews & Ratings

    No Reviews Avaliable

    Check back later by refreshing the page.

feedback_icon