Barrett Davis
Member
DIAMETER - PROPOSAL DESCRIPTION – Web application
Dash IoT Aggregate Metering [ work in progress ]
Pre-Proposal Video Preview:
(will be updating)
This is our escrow proposal #1 - we will be submitting our proposal #2 which will be the rest of the project.
Website: https://diameter.tech
- You can use an automatic car adapter to pull your trip data down and process payments. (just a basic preview)
Summary:
Diameter is a B2B revenue analytics portal for IoT devices. Almost all IoT platforms are focused on analytics, monitoring, and seeing a global view of devices on the network. However, almost none, if any, are for managing and monitoring transactions on the scale necessary for those devices. Not long ago, we created Carculation to drive transaction handling and revenue oversight using Worldpay’s APIs for usage-based IoT transactions as a business solution. Unfortunately, we ran into some pitfalls.
Utilizing the low resistance and lack of payment aggregators involved on the Dash blockchain, we can batch the devices micro-transactions with the dash network. With other layers of payment providers, there are scaled transactions fees for frequency and load that prohibit batching transactions. In the IoT space, this is almost necessary due to the frequency of the transactions are taking place. With dash, we circumvent this problem, and enable IoT owners to view our revenue dashboard to track, manage, and create transactions and how they are associated with their devices.
Problem & Solution:
We’ve spent the past year working with some of the largest payment processors trying to build a b2b revenue platform for IoT devices.
· Companies like Maven, ZipCar, etc are looking for alternatives to current payment processors because they are being charged a fortune.
· They make many small and incremental transactions and cannot batch and transact at once.
· Most are being charged at 2-3% rate and .20 per API transaction.
We’ve spent several months working with two payment processors and potential clients of our solution. We’re looking to provide API’s to these merchants so they can transact using our platform, dash’s blockchain, and provide the batch processing behind the scenes.
Our idea spawned out of us winning the largest fin-tech hackathon in the US. We were offered lots of incentives to start the business in Altanta, GA as a local startup. However, we couldn’t not find a middle ground, because the business model was flawed. We discovered that there we’re too many middle-men making money off the fee to reduce the discount rate enough to entice IoT companies to swap payment processors. Dash will help us accomplish this goal, as we don’t need a discount to already marginal transaction fee.
About Us:
I’m Barrett Davis. I’m a serial entrepreneur and software engineer. I’ve sold one small company and I also own another called NterNow. Our team of 4 is composed of extremely talented full-stack software engineers that individually work on startups outside our normal day jobs. We know how to deliver real profitable products through experience and talent. Having knowledge and experience with the current problems facing fintech, and combing our knowledge of Blockchain technology and culture, we’re positioned to face current and future challenges in the ecosystem. We’re looking to work on a product that we all believe in, especially dash, and can contribute to innovation in a field that we all know is ripe for disruption.
What are we proposing to do?
Building a product we already know has value inside traditional fiat systems, on a new payment platform that actually makes it profitable. We believe in the Dash platform and confidently consider it undervalued. We’ve developed and tested small demos on eos & iota (0.6tps) and they are both trash when used in real time. Having already built a pre-MVP of our product to showcase to potential on-demand car companies, we believe we can actually build out the product on dash and scale it for not just managing car fleets, but fulfill the platform as a payment processor for all IoT/distributed devices
Deliverables
1. Dash blockchain integration with Diameter back-end API. (Reference # deliverable 4 and 7 - milestone 1)
2. Build out our web-application dashboard
3. Integrate IoT cloud platforms to our device portals. (AWS IoT, Azure IoT)
4. Audit Module
(Stretch goal)
6. Crypto-to-Dash
7. Micro-batching algorithm with cold/hot wallet management.
8. Begin metered IoT payments direct to device.
Example: A Nest Diameter application a sends metered information to Diameter, runs transactions for consumers. This removes the need for single person to use an IoT platform to process payments.
Schedule - Proposal 1
Iteration 1:
Iteration 2:
Iteration 3:
Schedule - Proposal 2 (To be determined in another pre-proposal post, this is part of the new escrow process)
Iteration 4:
Iteration 5:
Budget, Itemized Costs, Total Costs Requested
Proposal 1 & 2: (6 months approx..)
- 4 salaries
o 85K a year salary (30% under the average salary for full-stack)
§ $170,000
- Infrastructure, Legal, GRC activities
§ $10,000
- Proposal Fee
o 5 dash
Dash IoT Aggregate Metering [ work in progress ]
Pre-Proposal Video Preview:
This is our escrow proposal #1 - we will be submitting our proposal #2 which will be the rest of the project.
Website: https://diameter.tech
- You can use an automatic car adapter to pull your trip data down and process payments. (just a basic preview)
Summary:
Diameter is a B2B revenue analytics portal for IoT devices. Almost all IoT platforms are focused on analytics, monitoring, and seeing a global view of devices on the network. However, almost none, if any, are for managing and monitoring transactions on the scale necessary for those devices. Not long ago, we created Carculation to drive transaction handling and revenue oversight using Worldpay’s APIs for usage-based IoT transactions as a business solution. Unfortunately, we ran into some pitfalls.
Utilizing the low resistance and lack of payment aggregators involved on the Dash blockchain, we can batch the devices micro-transactions with the dash network. With other layers of payment providers, there are scaled transactions fees for frequency and load that prohibit batching transactions. In the IoT space, this is almost necessary due to the frequency of the transactions are taking place. With dash, we circumvent this problem, and enable IoT owners to view our revenue dashboard to track, manage, and create transactions and how they are associated with their devices.
Problem & Solution:
We’ve spent the past year working with some of the largest payment processors trying to build a b2b revenue platform for IoT devices.
· Companies like Maven, ZipCar, etc are looking for alternatives to current payment processors because they are being charged a fortune.
· They make many small and incremental transactions and cannot batch and transact at once.
· Most are being charged at 2-3% rate and .20 per API transaction.
We’ve spent several months working with two payment processors and potential clients of our solution. We’re looking to provide API’s to these merchants so they can transact using our platform, dash’s blockchain, and provide the batch processing behind the scenes.
Our idea spawned out of us winning the largest fin-tech hackathon in the US. We were offered lots of incentives to start the business in Altanta, GA as a local startup. However, we couldn’t not find a middle ground, because the business model was flawed. We discovered that there we’re too many middle-men making money off the fee to reduce the discount rate enough to entice IoT companies to swap payment processors. Dash will help us accomplish this goal, as we don’t need a discount to already marginal transaction fee.
About Us:
I’m Barrett Davis. I’m a serial entrepreneur and software engineer. I’ve sold one small company and I also own another called NterNow. Our team of 4 is composed of extremely talented full-stack software engineers that individually work on startups outside our normal day jobs. We know how to deliver real profitable products through experience and talent. Having knowledge and experience with the current problems facing fintech, and combing our knowledge of Blockchain technology and culture, we’re positioned to face current and future challenges in the ecosystem. We’re looking to work on a product that we all believe in, especially dash, and can contribute to innovation in a field that we all know is ripe for disruption.
What are we proposing to do?
Building a product we already know has value inside traditional fiat systems, on a new payment platform that actually makes it profitable. We believe in the Dash platform and confidently consider it undervalued. We’ve developed and tested small demos on eos & iota (0.6tps) and they are both trash when used in real time. Having already built a pre-MVP of our product to showcase to potential on-demand car companies, we believe we can actually build out the product on dash and scale it for not just managing car fleets, but fulfill the platform as a payment processor for all IoT/distributed devices
Deliverables
1. Dash blockchain integration with Diameter back-end API. (Reference # deliverable 4 and 7 - milestone 1)
a. Dash-to-Dash implementation
2. Build out our web-application dashboard
3. Integrate IoT cloud platforms to our device portals. (AWS IoT, Azure IoT)
a. Companies who already manage their IoT fleets / assets can integrate a cloud provider with our platform
4. Audit Module
a. Ability to export all devices dash transactions into a cvs or pdf file
(Stretch goal)
6. Crypto-to-Dash
a. Leveraging an exchange to swap currencies.
i. AirSwap
7. Micro-batching algorithm with cold/hot wallet management.
8. Begin metered IoT payments direct to device.
Example: A Nest Diameter application a sends metered information to Diameter, runs transactions for consumers. This removes the need for single person to use an IoT platform to process payments.
a. Charging Stations (EV)
b. Nest
c. Sensus – Water usage integrations
Schedule - Proposal 1
Iteration 1:
- V1: System Infrastructure
- V1: Dash Infrastructure integration
- Time: 1 mo
Iteration 2:
- V1: Admin Portal (us)
- V1: Business Dashboard
o Transactions
- V2: Dash infrastructure integration
- Time: 2-3 Mo
Iteration 3:
- V2: Business Dashboard
o Integration with cloud platforms & device management
- V1: Audit Page
- V1: Audit Page
- Time: 1 mo.
Schedule - Proposal 2 (To be determined in another pre-proposal post, this is part of the new escrow process)
Iteration 4:
- B2C widget (USD & Dash)
o V2 – system infrastructure
o V2 – dash integration
o V3 – business dashboard
- Time: 1-2 mo
Iteration 5:
- API ecosystem
o Leverage our audit/revenue dashboards for application using Dash or USD for payments.
Budget, Itemized Costs, Total Costs Requested
Proposal 1 & 2: (6 months approx..)
- 4 salaries
o 85K a year salary (30% under the average salary for full-stack)
§ $170,000
- Infrastructure, Legal, GRC activities
§ $10,000
- Proposal Fee
o 5 dash
Attachments
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