GOVERNANCE AND LEGAL
Who maintains the intellectual property rights for a funded proposal?
Each proposer will define their own copyright and intellectual property.
Who makes the challenges?
During the initial rounds of Project Catalyst the IOHK team will generate the challenges. However, this process will eventually become community led. There is also the possibility that several challenges could be presented simultaneously in later rounds.
How will voting take place?
Voting will take place on cell phones through a mobile application. For Fund 3, registration will occur by locking up a set amount of ada until the end of the voting period, however, this has not been onboarded for Fund3.
Is there going to be a challenge for each voting period? Who picks this?
Yes, in fact there might be several challenges for each voting period. We must have an intention for each voting period. Challenges are developed by conversations with the community. We believe that by the end of Fund 3 the community will be able to choose their own challenge. Another interesting thing to consider is the fact that we can set multiple intentions in order to accomplish more.
What if the implementer runs out of budget and cannot deliver?
They will have to make another proposal and rely on the understanding and flexibility of the community. There is an understanding of how startups and tech companies work among our community. Communication is key here and we believe that regular reports will help voters determine if more funding is needed.
Are there any legal protections for IP?
Decentralized innovation is complicated, as is IP. The legal position of IOHK is that there is no legal entity behind the treasury. That means that the treasury cannot enforce and/or own IP. We can support the free flow of information. In the innovation platform there will be a section which allows individuals to discuss their own IP. Some projects will be open source and some will preserve their own IP. In the end it is up to the community to decide for themselves. We will provide some guidelines for how IP is to be dealt with in the future to assist
How can we be sure people don’t ‘run away with the money’?
We can keep people informed with Project Catalyst. We ask individuals to file progress reports every week to provide accountability. Furthermore proposals are vetted by the community to ensure that these ideas are based in reality. On top of that, money will be given in small portions after review by key stakeholders. Any suspicion of foul play will lead to a freeze in funding. This process will become more refined over time. Our best asset is the community here if something does not seem trustworthy we believe that the community will not vote for it.
What KPIs will be used to track the impact of the challenge?
- How many developers did we attract?
- How many entrepreneurs are working on Cardano proposals?
- How many Dapps were generated?
- How many businesses were founded?
These will be tracked via:
- Reporting by funded proposals every two weeks
- On-chain annotations
- New user survey
- Growth metrics
Additional KPIs will be set by individuals and teams implementing the ideas.
What is IdeaScale?
IdeaScale is the company we have commissioned to provide a collaborative workspace – our innovation platform – that allows discussion and innovation between IOHK and Project Catalyst participants.
Why was IdeaScale chosen?
The API and feature set ws flexible enough to express all necessary ideas. We would like to eventually integrate Atala Prism as the decentralized identity standard, but for now we will work on integrating two factor authentication to ensure safety.
I have an issue with Ideascale, what do I do?
INNOVATION AND VOTING
How can proposers engage IOG and EMURGO into discourse about promising ideas?
Currently, there is no direct process to do this. We’re looking to the expertise of the community in order to refine ideas as much as possible at this stage. The focus for now should be on getting ideas funded through the program. We certainly anticipate greater direct involvement in the future
Will Daedalus be linked to the voting app?
Yes, for Fund3 the registration process will be integrated in Daedalus flight. For Fund3, we are planning to offer a registration process through a variant of Daedalus wallet.