The Hashgraph Association

The Hashgraph Association

Website

hashgraph-association.com

hashgraph-association.com

Timeline

07/2023 - ONGOING

07/2023 - ONGOING

Type

Fund management Platform

Tooling

Country

Switzerland

Switzerland

Industry

BLOCKCHAIN

Blockchain

To address the outstanding request of the Hedera community for a dedicated Grant Platform, THA collaborated with AxLabs. The goal was to create a platform founded on principles of transparency, a streamlined submission process, and open communication channels with the community.

To address the outstanding request of the Hedera community for a dedicated Grant Platform, THA collaborated with AxLabs. The goal was to create a platform founded on principles of transparency, a streamlined submission process, and open communication channels with the community.

Services

Stablecoin Design Architecture Design

Tech Stack

Ethereum Solidity

Introduction

To address the outstanding request of the Hedera community for a dedicated Grant Platform, THA collaborated with AxLabs. The goal was to create a platform founded on principles of transparency, a streamlined submission process, and open communication channels with the community.

To address the outstanding request of the Hedera community for a dedicated Grant Platform, THA collaborated with AxLabs. The goal was to create a platform founded on principles of transparency, a streamlined submission process, and open communication channels with the community.

Challenges

To address the outstanding request of the Hedera community for a dedicated Grant Platform, THA collaborated with AxLabs. The goal was to create a platform founded on principles of transparency, a streamlined submission process, and open communication channels with the community.

Challenges

The development of the Grant Platform was not without its hurdles. THA faced several significant challenges that required strategic solutions to ensure the project's success:

  • Unclear Initial Approach: There were some loose ends on THA's side regarding the solution approach.

    • Solution: Conducted a comprehensive product discovery workshop to clarify goals, align on vision, and create a cohesive plan.

  • Design System Creation: Needed to establish a design system as this was THA's first community-facing product.

    • Solution: Developed a cohesive design system that ensured a consistent and user-friendly experience, setting a high standard for future products.

  • Balancing Community Needs and Internal Processes: THA had existing internal processes for grant management, requiring a middle ground that accommodated community needs without disrupting internal workflows.

    • Solution: Engaged in iterative discussions with internal stakeholders and the community to create a solution that balanced both needs. Adapted internal processes where feasible to enhance community satisfaction while maintaining operational efficiency.

Addressing these challenges head-on was crucial in creating a platform that not only met the community's needs but also aligned with THA's operational capabilities.

To address the outstanding request of the Hedera community for a dedicated Grant Platform, THA collaborated with AxLabs. The goal was to create a platform founded on principles of transparency, a streamlined submission process, and open communication channels with the community.

Challenges

The development of the Grant Platform was not without its hurdles. THA faced several significant challenges that required strategic solutions to ensure the project's success:

  • Unclear Initial Approach: There were some loose ends on THA's side regarding the solution approach.

    • Solution: Conducted a comprehensive product discovery workshop to clarify goals, align on vision, and create a cohesive plan.

  • Design System Creation: Needed to establish a design system as this was THA's first community-facing product.

    • Solution: Developed a cohesive design system that ensured a consistent and user-friendly experience, setting a high standard for future products.

  • Balancing Community Needs and Internal Processes: THA had existing internal processes for grant management, requiring a middle ground that accommodated community needs without disrupting internal workflows.

    • Solution: Engaged in iterative discussions with internal stakeholders and the community to create a solution that balanced both needs. Adapted internal processes where feasible to enhance community satisfaction while maintaining operational efficiency.

Addressing these challenges head-on was crucial in creating a platform that not only met the community's needs but also aligned with THA's operational capabilities.

Business Impact

Current Impact of Designs and Product Discovery Phase

  • Clear Vision and Alignment: The completion of designs and product discovery ensures that all stakeholders have a clear and unified vision of the project. This alignment reduces the risk of miscommunication and scope creep, leading to a more efficient development process.

  • Foundation for Development: Having detailed designs and a well-documented product discovery phase provides a solid foundation for AxLabs to continue development. This groundwork can speed up the development process and ensure that the end product closely aligns with the initial vision.

  • Stakeholder Confidence: Presenting completed designs and a thorough product discovery report instills confidence in stakeholders, including investors and community members. This confidence can translate into stronger support and potential funding for the project.

  • Market Readiness: The designs position THA to quickly launch the Funding Platform once development is complete. Being market-ready allows THA to capitalize on current community interest and momentum.

  • Anticipated User Engagement: Well-designed interfaces and a clear user journey, as outlined in the product discovery, are likely to enhance user satisfaction and engagement. This anticipation of a positive user experience can generate early interest and buzz within the community.

Projected Future Business Impact (Post-Development)

  • Increased Community Engagement: The fully developed tool will likely lead to higher levels of community engagement. Transparent processes and clear communication channels will foster trust and active participation from the community.

  • Operational Efficiency: The tool is expected to streamline internal processes related to grant management. This efficiency will allow THA to handle a larger volume of grant applications without a proportional increase in administrative effort.

  • Enhanced Reputation: Successfully launching a well-received community-facing product will enhance THA's reputation as a leader in community-centric solutions. This could attract more partnerships, collaborations, and potentially new users to the Hedera ecosystem.

  • Innovation and Growth: A simplified and accessible grant application process is likely to encourage a diverse range of innovative projects. Funding these projects can drive technological advancements and growth within the Hedera ecosystem.

  • Scalability: The Funding Platform development sets a precedent for future projects. The scalable design system and transparent processes can be adapted for other initiatives, allowing THA to quickly respond to new opportunities and community needs.

  • Data-Driven Insights: Once operational, the tool will generate valuable data on grant applications, user interactions, and project outcomes. THA can leverage this data to refine their strategies, improve future projects, and make informed decisions.

  • Competitive Advantage: A successful implementation of the tool provides THA with a competitive edge in the blockchain and grant management space. This advantage can help in attracting new users, retaining existing ones, and potentially leading the market in innovative solutions.

© Made with

♥️

in 🇨🇭 Switzerland

© Made with

♥️

in 🇨🇭 Switzerland

© Made with

♥️

in 🇨🇭 Switzerland