Town Hall Presentation

23rd February 2022

How to make the auditing process of funded proposals

Efficient – to address concerns about reporting & auditing overhead

Distributed – to use the Cardano blockchain technology to innovate auditability

And Transparent – to deliver solutions which provide accountability & to allow open-source access

Challenge Brief

The Challenge Brief addresses three main concerns :

1) Audit of Funded Proposal delivery and Return on Intention

When Fund7 happens we will be close to 300 funded proposals. It is extremely important that these proposals are evaluated/audited to see if they are delivering and if the Return on Intention is being in line with what has been established initially.

2) Supporting transfer of reporting from IOHK

Currently, IOG is in charge of monitoring the development of these funded proposals, but when there are hundreds of funded proposals this will be an overwhelming work for IOG. So proposals that support a transfer of reporting from IOHK are a priority.

3) Transparency in the use of Cardano's treasury resources

The Auditability challenge aims to ensure transparency in the use of Cardano's treasury resources, which will allow the Cardano community to have more information on the development of funded proposals through a checks and balances system.

Why is it important ?

It's important that the funded proposals are evaluated to see if they are delivering what was established in their mission..

What does success look like?

Several projects evaluating funded proposals, providing reports, articles and metrics on the development and implementation of the projects.

Further Information

Ideascale Link :

https://cardano.ideascale.com/c/campaigns/26447/about

Fund 8 amount

$200,000

Last updated 2 years ago