Name of project - Hama : Securely Monetising Web Services
Proposal Wallet Address :
We are first time Grant receiver
The proposal in one sentence :
Hama allows service providers to monetise their web services using Ocean Protocol.
Which category best describes your project? Pick one or more.
Build / improve applications or integrations to Ocean.
Project Description :
Today most of web2 is dominated by web services (REST, SOAP, Graph etc.). It is a multi billion dollar market that is ready to be disrupted.
Hama aims to provide an efficient solution to these service providers to monetise and access control their services using Ocean Protocol.
What problem is your project solving?
Currently there are millions of endpoints in both web2 and web3 projects that are under-serviced and non-monetised. It is a multi billion dollar economy ready to be disrupted by an effective solution. One of the main pain points of these sector is data leakage and data privacy. API providers can’t trust middlewares who provide monetisation option with user data and their service api data.
Hama solves this problem using Ocean Protocol. Ocean Protocol provides tooling to create such a solution. Hama leverages privacy preserving tech Ocean provides to allow api providers monetise their endpoints without ever seeing data behind the endpoints. This is ground breaking disruption of web service industry.
Another problem Hama solves is expanding use cases on Ocean. Currently Ocean Protocol is known for use cases in data industry. Data industry is already a big sector but comes with a lot of red tape and bureaucracy. Web services are already dominant today and are mainstream industry and Hama can help bring Ocean Protocol to this industry thereby significantly improving chances of Ocean Protocol for mass adoption. Imagine is Amazon AWS web services could be monetised with Ocean, that could be the fuel for mass adoption.
What is the final product?
Final product will be a new Web3 Protocol + Web2 libraries built on Ocean. But for current grant proposal, check the scope in Deliverables
How does this project drive value to the Ocean ecosystem?
Already explained above in sections. Hama aims to bring a new use case to Ocean Protocol and help Ocean Protocol gain mainstream attention.
If we just take example of AWS based web services. Their annual revenue is in billions. Let’s just conservatively take $1M as example.
bang = 1M$
bucks = 17,500$
So ROI = bang / buck = 1,000,000 / 17,500 = 57
Proposer’s estimate of % chance of success = 60%
Actual ROI = 0.6 * 57 = 34.2
We will use this grant for working on following milestones -
- Landing page + Branding + social channels
- Fork and update Ocean Provider component
- Create a proxy server to handle monetisation of API endpoints
github - https://github.com/nskwb
github - https://github.com/kzk00001