[Grant Application] STIN - Combine NFC and the ICON Blockchain

Project Title:
Combine NFC-technology and the ICON blockchain for ensuring a true limited edition of gin bottles

Project Category:
Development
Development of mobile apps for iOS and android and a website which interact with the ICON blockchain

Project Description:
Together with “STIN” (https://www.stin.at/) a local distiller of premium gin and a NFC hardware supplier, we want to establish an application combining the capabilities of NFC-technology with blockchain technology. We are going to equip 1000 bottles of a limited edition gin with special crypto enabled NFC chips (“Security Controller”), which provide the highest available security for blockchain systems. The limited amount of bottles is written into the blockchain and each customer should be easily able to check the integrity of the bottle and the total amount of available bottles by interacting with the NFC chip on the bottle.

More detailed information about the project, the grant application and the team can be found in following document:
STIN - ICON Grant Application

Project Duration:
3 months

Project Milestones:
Milestone 1:
Keypairs on all NFC chips created and ICON addresses for every chip created

Milestone 2:
Implemented NFC scanning in the app with the steps (4), (5) and (6) described in “Detailed Operating Concept” in the attached document executed automatically

Milestone 3:
iOS and Android Apps finished

Milestone 4:
Landing Page finished

Funding Amount Requested:
Work package - iOS/Android App (9 SP)
Work package - Website (5 SP)
Work package - Smart Contract (3 SP)
Work package - NFC integration (4 SP)
Work package - Project Management (2 SP)

Total number of SP: 23 SP
Estimation for SP = 320€

Estimated costs: 7,360€ or 8,390$ -> €:$ ratio 1:1.14

Public Address:
hx185998b019330e016b0bdec467c70624b8d0eb92

Team Information:
block42
block42 was founded in the year 2018 focusing exclusively on blockchain technology. At the time of the founding, the four co-founders had already extensive experience in the fields of software development, business consultancy, and scaling their own businesses.

Initial Review Result Comments

Review Result

Approve

Review Comments

We are excited about this use case for public blockchain technology. This project directly impacts our KPIs of transaction volume. We hope you find success with this project and grow it to scale which will add more transactions on the ICON blockchain. We saw a brief mention of a business model for merchants, but please also consider a business model for your project to make it more sustainable. We would be interested to hear more about this as you think about it. Thanks!

Next Procedure

ICON Foundation provided the Initial Review Result Comments on the proposal. Grants recipients will respond to the Foundation’s response. If the recipient finally agrees on the outcome of the ICON Foundation, the foundation will provide the Final Review Result Comments.

Final Review Result Comments

Review Result

Approved

Reporting Period

Grant recipients should produce Periodic Reports in order to continue to receive grant funding. If the Periodic Report is showing that the initiative is not meeting expectations, the ICON Foundation has the option to halt continued funding. Please check the link (ICON Community Grant Program (“ICON CGP”)) and leave reports on this page (https://forum.icon.community/c/g/pr)

The team must submit the Periodic Report by the timeframes below (UTC):

  • 2020/08/28 02:00 AM (UTC)
  • 2020/09/26 02:00 AM (UTC)
  • 2020/10/28 02:00 AM (UTC)

Funding Amount

The ICON Foundation is going to give out $8,390 in 3 monthly installments based on the Periodic Report. The amount of ICX will be determined and paid according to the price at 02:00 AM (UTC) on the day of payment.

  • 2020/08/31 02:00 AM (UTC) - $2,797
  • 2020/09/28 02:00 AM (UTC) - $2,797
  • 2020/10/30 02:00 AM (UTC) - $2,796