Hi everyone,

My name is Ben Sheppard, Founder at Silta Finance, and I'm excited to share with you a business development proposal: the "Polkadot-Financial Institution Partnership Initiative."

With a background in structured finance and a good understanding of the blockchain landscape, I've crafted a proposal aimed at financial institutions in the Polkadot ecosystem. This initiative is designed to leverage my extensive network and experience in the finance sector to bring new opportunities and growth to the Polkadot ecosystem.

The proposal outlines a comprehensive 6-month plan, focusing on developing Memorandums of Understanding and Proof of Concepts with financial institutions. This will not only enhance Polkadot's visibility in the financial world but also demonstrate the practical applications and benefits of our innovative blockchain technology in solving real-world financial challenges.

I believe that with the support and collaboration of the Polkadot community, we can make significant strides in bridging the gap between blockchain technology and the traditional financial sector. I'm looking forward to discussing this proposal in more detail and exploring how we can work together to achieve these ambitious goals.

Thank you for considering this initiative. I am eager to hear your thoughts and feedback.

Please see the proposal further below: 

**Objective:**

The primary objective of this proposal is to attract financial institutions to the Polkadot ecosystem.  This could be done through strategic partnerships with projects already operating on Polkadot or by the financial institutions developing their own technology solutions on top of Polkadot.  

In both cases, the aim is to get the FI to participate in a PoC that ultimately leads to commercialising a product or service. 


**Why Me**

I am the founder of Silta Finance, which specialises in AI-powered bankability assessment technology and DeFi loan pools. Before moving into tech 5 years ago, I spent 15 years in structured finance, which involved undertaking transaction advisory roles with multilateral development banks, private equity funds, and retail banks. This includes the World Bank, EBRD, HSBC, and Macquarie, as well as the domestic banks in several countries across Southeast Asia - Maybank, Union Bank, RCBC, BPI, BDO, and Security Bank to name a few.  During this period, I worked on dozens of transactions, providing expert advice on the feasibility and bankability of deals ranging from 100M to billions of USD.  

Leveraging my existing networks, I am confident in my ability to forge new relationships for Polkadot, especially in the current revitalising crypto market.  Recently, I successfully developed partnerships that led to a pilot project with a major bank in the Philippines and the Streamr Network project. And last December, for Silta, we began working on a PoC with a major global bank.

As a reference point, here is a blog about the Philippines Bank - Streamr partnership
https://blog.streamr.network/news-tx-partners-with-wwf-philippines-and-unionbank-for-sustainable-fishing-and-financial/

Also, here is an example of a transaction where I was an advisor to a syndicate of banks for a USD 560m loan for the construction of a bridge in the Philippines. 
https://www.roadtraffic-technology.com/projects/cebu-cordova-link-expressway-cclex/

**Method & Timeframe:**

This initial assignment spans over a period of 6 months. While I possess established connections within the industry, the process of engaging financial institutions (FIs) is intricate and demands a tailored approach. These institutions typically seek a concrete use case to channel their focus and designate a project owner internally. The 6-month duration is strategically planned to encompass several critical stages:

Value proposition development: Develop a value proposition deck to promote Polkadot and key ecosystem projects that wish to forge relationships with FIs. This will require:

- Collaboration with ecosystem projects
- Understanding project needs
- Crafting and tailoring value proposition
- Conceptualising PoCs

Positioning and Engagement: Utilizing my existing relationships to position Polkadot effectively within the FI's strategic interests.

Problem Identification: Collaboratively identifying a specific challenge or opportunity the FI faces, which can be addressed through blockchain technology.

Solution Mapping: Demonstrating how Polkadot, or its ecosystem partners, can offer innovative solutions to the identified problem.

PoC Use Cases: Work with the FI to ideate and brainstorm potential use cases that address pain points raised during the problem identification phase. Link these use cases with existing projects operating on Polkadot or help the FI formulate a plan for developing their own product. 

**Budget:**

Monthly Fee: 2,500 euros 
Total Expenses Budget: 9,000 euros

The expenses budget is for multiple trips to meet my banking contacts across Southeast Asia. 

6 months assignment total budget: 24,000 euros equalvient to 3,157.89 DOT. ( 1 DOT = 7.6 Euros Coingecko on 11th January 2024). 


In terms of reporting, as a minimum, I will provide progress reports every 2 months detailing plans and progress with the FIs.  

Please also note

- I will request additional funding to extend my assignment at the end of this 6-month assignment, assuming leads are developing well and there is good momentum for a PoC. 
- Furthermore, I will request a retroactive 25,000 euros (success bonus) for any relationship I bring to the ecosystem, resulting in a PoC with the FI. 
- Further fees may also be requested depending on the level of input needed on my part during a PoC.  I have assumed relatively light touch support during the PoCs since the dedicated “project team” should be handling things on a day-to-day basis. 



**Note on Legal Costs and Negotiation:**

It's important to note that legal costs associated with drafting and finalising any MOUs or other necessary agreements are not included in this proposal. Based on my previous experience, such as the negotiation with the bank in the Philippines, we should anticipate a reasonable amount of negotiation, potentially extending up to two months. This duration accounts for the back-and-forth discussions typically required to align the terms and conditions of the MOU with both parties' objectives and legal frameworks.

**Benefits to Polkadot:**

- Strategic Partnerships: Establishing connections with leading financial institutions, enhancing Polkadot's credibility and reach.
- Market Penetration: Expanding Polkadot's presence in key financial sectors, leveraging my experience and network.
- Innovation Showcase: Demonstrating the practical utility of Polkadot through successful PoCs, attracting further interest and investment.


Proposer: Ben Sheppard (https://www.linkedin.com/in/txshep/)
Telegram: Tx_shep
Email: bensheppardxyz@gmail.com

Hi everyone,

My name is Ben Sheppard, Founder at Silta Finance, and I'm excited to share with you a business development proposal: the "Polkadot-Financial Institution Partnership Initiative."

With a background in structured finance and a good understanding of the blockchain landscape, I've crafted a proposal aimed at financial institutions in the Polkadot ecosystem. This initiative is designed to leverage my extensive network and experience in the finance sector to bring new opportunities and growth to the Polkadot ecosystem.

The proposal outlines a comprehensive 6-month plan, focusing on developing Memorandums of Understanding and Proof of Concepts with financial institutions. This will not only enhance Polkadot's visibility in the financial world but also demonstrate the practical applications and benefits of our innovative blockchain technology in solving real-world financial challenges.

I believe that with the support and collaboration of the Polkadot community, we can make significant strides in bridging the gap between blockchain technology and the traditional financial sector. I'm looking forward to discussing this proposal in more detail and exploring how we can work together to achieve these ambitious goals.

Thank you for considering this initiative. I am eager to hear your thoughts and feedback.

Please see the proposal further below: 

**Objective:**

The primary objective of this proposal is to attract financial institutions to the Polkadot ecosystem.  This could be done through strategic partnerships with projects already operating on Polkadot or by the financial institutions developing their own technology solutions on top of Polkadot.  

In both cases, the aim is to get the FI to participate in a PoC that ultimately leads to commercialising a product or service. 


**Why Me**

I am the founder of Silta Finance, which specialises in AI-powered bankability assessment technology and DeFi loan pools. Before moving into tech 5 years ago, I spent 15 years in structured finance, which involved undertaking transaction advisory roles with multilateral development banks, private equity funds, and retail banks. This includes the World Bank, EBRD, HSBC, and Macquarie, as well as the domestic banks in several countries across Southeast Asia - Maybank, Union Bank, RCBC, BPI, BDO, and Security Bank to name a few.  During this period, I worked on dozens of transactions, providing expert advice on the feasibility and bankability of deals ranging from 100M to billions of USD.  

Leveraging my existing networks, I am confident in my ability to forge new relationships for Polkadot, especially in the current revitalising crypto market.  Recently, I successfully developed partnerships that led to a pilot project with a major bank in the Philippines and the Streamr Network project. And last December, for Silta, we began working on a PoC with a major global bank.

As a reference point, here is a blog about the Philippines Bank - Streamr partnership
https://blog.streamr.network/news-tx-partners-with-wwf-philippines-and-unionbank-for-sustainable-fishing-and-financial/

Also, here is an example of a transaction where I was an advisor to a syndicate of banks for a USD 560m loan for the construction of a bridge in the Philippines. 
https://www.roadtraffic-technology.com/projects/cebu-cordova-link-expressway-cclex/

**Method & Timeframe:**

This initial assignment spans over a period of 6 months. While I possess established connections within the industry, the process of engaging financial institutions (FIs) is intricate and demands a tailored approach. These institutions typically seek a concrete use case to channel their focus and designate a project owner internally. The 6-month duration is strategically planned to encompass several critical stages:

Value proposition development: Develop a value proposition deck to promote Polkadot and key ecosystem projects that wish to forge relationships with FIs. This will require:

- Collaboration with ecosystem projects
- Understanding project needs
- Crafting and tailoring value proposition
- Conceptualising PoCs

Positioning and Engagement: Utilizing my existing relationships to position Polkadot effectively within the FI's strategic interests.

Problem Identification: Collaboratively identifying a specific challenge or opportunity the FI faces, which can be addressed through blockchain technology.

Solution Mapping: Demonstrating how Polkadot, or its ecosystem partners, can offer innovative solutions to the identified problem.

PoC Use Cases: Work with the FI to ideate and brainstorm potential use cases that address pain points raised during the problem identification phase. Link these use cases with existing projects operating on Polkadot or help the FI formulate a plan for developing their own product. 

**Budget:**

Monthly Fee: 2,500 euros 
Total Expenses Budget: 9,000 euros

The expenses budget is for multiple trips to meet my banking contacts across Southeast Asia. 

6 months assignment total budget: 24,000 euros or 3,157.89 DOT. ( 1 DOT = 7.6 Euros Coingecko on 11th January 2024). 



In terms of reporting, as a minimum, I will provide progress reports every 2 months detailing plans and progress with the FIs.  

Please also note

- I will request additional funding to extend my assignment at the end of this 6-month assignment, assuming leads are developing well and there is good momentum for a PoC. 
- Furthermore, I will request a retroactive 25,000 euros (success bonus) for any relationship I bring to the ecosystem, resulting in a PoC with the FI. 
- Further fees may also be requested depending on the level of input needed on my part during a PoC.  I have assumed relatively light touch support during the PoCs since the dedicated “project team” should be handling things on a day-to-day basis. 



**Note on Legal Costs and Negotiation:**

It's important to note that legal costs associated with drafting and finalising any MOUs or other necessary agreements are not included in this proposal. Based on my previous experience, such as the negotiation with the bank in the Philippines, we should anticipate a reasonable amount of negotiation, potentially extending up to two months. This duration accounts for the back-and-forth discussions typically required to align the terms and conditions of the MOU with both parties' objectives and legal frameworks.

**Benefits to Polkadot:**

- Strategic Partnerships: Establishing connections with leading financial institutions, enhancing Polkadot's credibility and reach.
- Market Penetration: Expanding Polkadot's presence in key financial sectors, leveraging my experience and network.
- Innovation Showcase: Demonstrating the practical utility of Polkadot through successful PoCs, attracting further interest and investment.


Proposer: Ben Sheppard (https://www.linkedin.com/in/txshep/)
Telegram: Tx_shep
Email: bensheppardxyz@gmail.com

Polkadot in Finance: A Strategic Partnership Development Proposal

Hi everyone,

My name is Ben Sheppard, Founder at Silta Finance, and I'm excited to share with you a business development proposal: the "Polkadot-Financial Institution Partnership Initiative."

With a background in structured finance and a good understanding of the blockchain landscape, I've crafted a proposal aimed at financial institutions in the Polkadot ecosystem. This initiative is designed to leverage my extensive network and experience in the finance sector to bring new opportunities and growth to the Polkadot ecosystem.

The proposal outlines a comprehensive 6-month plan, focusing on developing Memorandums of Understanding and Proof of Concepts with financial institutions. This will not only enhance Polkadot's visibility in the financial world but also demonstrate the practical applications and benefits of our innovative blockchain technology in solving real-world financial challenges.

I believe that with the support and collaboration of the Polkadot community, we can make significant strides in bridging the gap between blockchain technology and the traditional financial sector. I'm looking forward to discussing this proposal in more detail and exploring how we can work together to achieve these ambitious goals.

Thank you for considering this initiative. I am eager to hear your thoughts and feedback.

Please see the proposal further below: 

**Objective:**

The primary objective of this proposal is to attract financial institutions to the Polkadot ecosystem.  This could be done through strategic partnerships with projects already operating on Polkadot or by the financial institutions developing their own technology solutions on top of Polkadot.  

In both cases, the aim is to get the FI to participate in a PoC that ultimately leads to commercialising a product or service. 


**Why Me**

I am the founder of Silta Finance, which specialises in AI-powered bankability assessment technology and DeFi loan pools. Before moving into tech 5 years ago, I spent 15 years in structured finance, which involved undertaking transaction advisory roles with multilateral development banks, private equity funds, and retail banks. This includes the World Bank, EBRD, HSBC, and Macquarie, as well as the domestic banks in several countries across Southeast Asia - Maybank, Union Bank, RCBC, BPI, BDO, and Security Bank to name a few.  During this period, I worked on dozens of transactions, providing expert advice on the feasibility and bankability of deals ranging from 100M to billions of USD.  

Leveraging my existing networks, I am confident in my ability to forge new relationships for Polkadot, especially in the current revitalising crypto market.  Recently, I successfully developed partnerships that led to a pilot project with a major bank in the Philippines and the Streamr Network project. And last December, for Silta, we began working on a PoC with a major global bank.

As a reference point, here is a blog about the Philippines Bank - Streamr partnership
https://blog.streamr.network/news-tx-partners-with-wwf-philippines-and-unionbank-for-sustainable-fishing-and-financial/

Also, here is an example of a transaction where I was an advisor to a syndicate of banks for a USD 560m loan for the construction of a bridge in the Philippines. 
https://www.roadtraffic-technology.com/projects/cebu-cordova-link-expressway-cclex/

**Method & Timeframe:**

This initial assignment spans over a period of 6 months. While I possess established connections within the industry, the process of engaging financial institutions (FIs) is intricate and demands a tailored approach. These institutions typically seek a concrete use case to channel their focus and designate a project owner internally. The 6-month duration is strategically planned to encompass several critical stages:

Value proposition development: Develop a value proposition deck to promote Polkadot and key ecosystem projects that wish to forge relationships with FIs. This will require:

- Collaboration with ecosystem projects
- Understanding project needs
- Crafting and tailoring value proposition
- Conceptualising PoCs

Positioning and Engagement: Utilizing my existing relationships to position Polkadot effectively within the FI's strategic interests.

Problem Identification: Collaboratively identifying a specific challenge or opportunity the FI faces, which can be addressed through blockchain technology.

Solution Mapping: Demonstrating how Polkadot, or its ecosystem partners, can offer innovative solutions to the identified problem.

PoC Use Cases: Work with the FI to ideate and brainstorm potential use cases that address pain points raised during the problem identification phase. Link these use cases with existing projects operating on Polkadot or help the FI formulate a plan for developing their own product. 

**Budget:**

Monthly Fee: 2,500 euros 
Total Expenses Budget: 9,000 euros

The expenses budget is for multiple trips to meet my banking contacts across Southeast Asia. 

6 months assignment total budget: 24,000 euros (3157.89 DOT @ 7.6 per DOT)

DOT price at the time of writing this proposal is 7.6 euros per DOT Coingecko (11th January 2024). 



In terms of reporting, as a minimum, I will provide progress reports every 2 months detailing plans and progress with the FIs.  

Please also note

- I will request additional funding to extend my assignment at the end of this 6-month assignment, assuming leads are developing well and there is good momentum for a PoC. 
- Furthermore, I will request a retroactive 25,000 euros (success bonus) for any relationship I bring to the ecosystem, resulting in a PoC with the FI. 
- Further fees may also be requested depending on the level of input needed on my part during a PoC.  I have assumed relatively light touch support during the PoCs since the dedicated “project team” should be handling things on a day-to-day basis. 



**Note on Legal Costs and Negotiation:**

It's important to note that legal costs associated with drafting and finalising any MOUs or other necessary agreements are not included in this proposal. Based on my previous experience, such as the negotiation with the bank in the Philippines, we should anticipate a reasonable amount of negotiation, potentially extending up to two months. This duration accounts for the back-and-forth discussions typically required to align the terms and conditions of the MOU with both parties' objectives and legal frameworks.

**Benefits to Polkadot:**

- Strategic Partnerships: Establishing connections with leading financial institutions, enhancing Polkadot's credibility and reach.
- Market Penetration: Expanding Polkadot's presence in key financial sectors, leveraging my experience and network.
- Innovation Showcase: Demonstrating the practical utility of Polkadot through successful PoCs, attracting further interest and investment.


Proposer: Ben Sheppard (https://www.linkedin.com/in/txshep/)
Telegram: Tx_shep
Email: bensheppardxyz@gmail.com

Hi everyone,

My name is Ben Sheppard, Founder at Silta Finance, and I'm excited to share with you a business development proposal: the "Polkadot-Financial Institution Partnership Initiative."

With a background in structured finance and a good understanding of the blockchain landscape, I've crafted a proposal aimed at financial institutions in the Polkadot ecosystem. This initiative is designed to leverage my extensive network and experience in the finance sector to bring new opportunities and growth to the Polkadot ecosystem.

The proposal outlines a comprehensive 6-month plan, focusing on developing Memorandums of Understanding and Proof of Concepts with financial institutions. This will not only enhance Polkadot's visibility in the financial world but also demonstrate the practical applications and benefits of our innovative blockchain technology in solving real-world financial challenges.

I believe that with the support and collaboration of the Polkadot community, we can make significant strides in bridging the gap between blockchain technology and the traditional financial sector. I'm looking forward to discussing this proposal in more detail and exploring how we can work together to achieve these ambitious goals.

Thank you for considering this initiative. I am eager to hear your thoughts and feedback.

Please see the proposal further below: 

**Objective:**

The primary objective of this proposal is to attract financial institutions to the Polkadot ecosystem.  This could be done through strategic partnerships with projects already operating on Polkadot or by the financial institutions developing their own technology solutions on top of Polkadot.  

In both cases, the aim is to get the FI to participate in a PoC that ultimately leads to commercialising a product or service. 


**Why Me**

I am the founder of Silta Finance, which specialises in AI-powered bankability assessment technology and DeFi loan pools. Before moving into tech 5 years ago, I spent 15 years in structured finance, which involved undertaking transaction advisory roles with multilateral development banks, private equity funds, and retail banks. This includes the World Bank, EBRD, HSBC, and Macquarie, as well as the domestic banks in several countries across Southeast Asia - Maybank, Union Bank, RCBC, BPI, BDO, and Security Bank to name a few.  During this period, I worked on dozens of transactions, providing expert advice on the feasibility and bankability of deals ranging from 100M to billions of USD.  

Leveraging my existing networks, I am confident in my ability to forge new relationships for Polkadot, especially in the current revitalising crypto market.  Recently, I successfully developed partnerships that led to a pilot project with a major bank in the Philippines and the Streamr Network project. And last December, for Silta, we began working on a PoC with a major global bank.

As a reference point, here is a blog about the Philippines Bank - Streamr partnership
https://blog.streamr.network/news-tx-partners-with-wwf-philippines-and-unionbank-for-sustainable-fishing-and-financial/

Also, here is an example of a transaction where I was an advisor to a syndicate of banks for a USD 560m loan for the construction of a bridge in the Philippines. 
https://www.roadtraffic-technology.com/projects/cebu-cordova-link-expressway-cclex/

**Method & Timeframe:**

This initial assignment spans over a period of 6 months. While I possess established connections within the industry, the process of engaging financial institutions (FIs) is intricate and demands a tailored approach. These institutions typically seek a concrete use case to channel their focus and designate a project owner internally. The 6-month duration is strategically planned to encompass several critical stages:

Value proposition development: Develop a value proposition deck to promote Polkadot and key ecosystem projects that wish to forge relationships with FIs. This will require:

- Collaboration with ecosystem projects
- Understanding project needs
- Crafting and tailoring value proposition
- Conceptualising PoCs

Positioning and Engagement: Utilizing my existing relationships to position Polkadot effectively within the FI's strategic interests.

Problem Identification: Collaboratively identifying a specific challenge or opportunity the FI faces, which can be addressed through blockchain technology.

Solution Mapping: Demonstrating how Polkadot, or its ecosystem partners, can offer innovative solutions to the identified problem.

PoC Use Cases: Work with the FI to ideate and brainstorm potential use cases that address pain points raised during the problem identification phase. Link these use cases with existing projects operating on Polkadot or help the FI formulate a plan for developing their own product. 

**Budget:**

Monthly Fee: 1,750 euros 
Total Expenses Budget: 9,000 euros

The expenses budget is for multiple trips to meet my banking contacts across Southeast Asia. 

6 months assignment total budget: 19,500 euros (2565.789 DOT @ 7.60 per DOT)

DOT price at the time of writing this proposal is 7.60 euros per DOT Coingecko (11th January 2024). 

In terms of reporting, as a minimum, I will provide progress reports every 2 months detailing plans and progress with the FIs.  

Please also note

- I will request additional funding to extend my assignment at the end of this 6-month assignment, assuming leads are developing well and there is good momentum for a PoC. 
- Furthermore, I will request a retroactive 25,000 euros (success bonus) for any relationship I bring to the ecosystem, resulting in a PoC with the FI. 
- Further fees may also be requested depending on the level of input needed on my part during a PoC.  I have assumed relatively light touch support during the PoCs since the dedicated “project team” should be handling things on a day-to-day basis. 



**Note on Legal Costs and Negotiation:**

It's important to note that legal costs associated with drafting and finalising any MOUs or other necessary agreements are not included in this proposal. Based on my previous experience, such as the negotiation with the bank in the Philippines, we should anticipate a reasonable amount of negotiation, potentially extending up to two months. This duration accounts for the back-and-forth discussions typically required to align the terms and conditions of the MOU with both parties' objectives and legal frameworks.

**Benefits to Polkadot:**

- Strategic Partnerships: Establishing connections with leading financial institutions, enhancing Polkadot's credibility and reach.
- Market Penetration: Expanding Polkadot's presence in key financial sectors, leveraging my experience and network.
- Innovation Showcase: Demonstrating the practical utility of Polkadot through successful PoCs, attracting further interest and investment.


Proposer: Ben Sheppard (https://www.linkedin.com/in/txshep/)
Telegram: Tx_shep
Email: bensheppardxyz@gmail.com

Hi everyone,

My name is Ben Sheppard, Founder at Silta Finance, and I'm excited to share with you a business development proposal: the "Polkadot-Financial Institution Partnership Initiative."

With a background in structured finance and a good understanding of the blockchain landscape, I've crafted a proposal aimed at financial institutions in the Polkadot ecosystem. This initiative is designed to leverage my extensive network and experience in the finance sector to bring new opportunities and growth to the Polkadot ecosystem.

The proposal outlines a comprehensive 6-month plan, focusing on developing Memorandums of Understanding and Proof of Concepts with financial institutions. This will not only enhance Polkadot's visibility in the financial world but also demonstrate the practical applications and benefits of our innovative blockchain technology in solving real-world financial challenges.

I believe that with the support and collaboration of the Polkadot community, we can make significant strides in bridging the gap between blockchain technology and the traditional financial sector. I'm looking forward to discussing this proposal in more detail and exploring how we can work together to achieve these ambitious goals.

Thank you for considering this initiative. I am eager to hear your thoughts and feedback.

Please see the proposal further below: 

**Objective:**

The primary objective of this proposal is to attract financial institutions to the Polkadot ecosystem.  This could be done through strategic partnerships with projects already operating on Polkadot or by the financial institutions developing their own technology solutions on top of Polkadot.  

In both cases, the aim is to get the FI to participate in a PoC that ultimately leads to commercialising a product or service. 


**Why Me**

I am the founder of Silta Finance, which specialises in AI-powered bankability assessment technology and DeFi loan pools. Before moving into tech 5 years ago, I spent 15 years in structured finance, which involved undertaking transaction advisory roles with multilateral development banks, private equity funds, and retail banks. This includes the World Bank, EBRD, HSBC, and Macquarie, as well as the domestic banks in several countries across Southeast Asia - Maybank, Union Bank, RCBC, BPI, BDO, and Security Bank to name a few.  During this period, I worked on dozens of transactions, providing expert advice on the feasibility and bankability of deals ranging from 100M to billions of USD.  

Leveraging my existing networks, I am confident in my ability to forge new relationships for Polkadot, especially in the current revitalising crypto market.  Recently, I successfully developed partnerships that led to a pilot project with a major bank in the Philippines and the Streamr Network project. And last December, for Silta, we began working on a PoC with a major global bank.

As a reference point, here is a blog about the Philippines Bank - Streamr partnership
https://blog.streamr.network/news-tx-partners-with-wwf-philippines-and-unionbank-for-sustainable-fishing-and-financial/

Also, here is an example of a transaction where I was an advisor to a syndicate of banks for a USD 560m loan for the construction of a bridge in the Philippines. 
https://www.roadtraffic-technology.com/projects/cebu-cordova-link-expressway-cclex/

**Method & Timeframe:**

This initial assignment spans over a period of 6 months. While I possess established connections within the industry, the process of engaging financial institutions (FIs) is intricate and demands a tailored approach. These institutions typically seek a concrete use case to channel their focus and designate a project owner internally. The 6-month duration is strategically planned to encompass several critical stages:

Value proposition development: Develop a value proposition deck to promote Polkadot and key ecosystem projects that wish to forge relationships with FIs. This will require:

- Collaboration with ecosystem projects
- Understanding project needs
- Crafting and tailoring value proposition
- Conceptualising PoCs

Positioning and Engagement: Utilizing my existing relationships to position Polkadot effectively within the FI's strategic interests.

Problem Identification: Collaboratively identifying a specific challenge or opportunity the FI faces, which can be addressed through blockchain technology.

Solution Mapping: Demonstrating how Polkadot, or its ecosystem partners, can offer innovative solutions to the identified problem.

PoC Use Cases: Work with the FI to ideate and brainstorm potential use cases that address pain points raised during the problem identification phase. Link these use cases with existing projects operating on Polkadot or help the FI formulate a plan for developing their own product. 

**Budget:**

Monthly Fee: 1,750 euros 
Total Expenses Budget: 9,000 euros

The expenses budget is for multiple trips to meet my banking contacts across Southeast Asia. 

6 months assignment total budget: 19,500 euros (149,565 DOT @ 7.67 per DOT)

DOT price at the time of writing this proposal is 7.67 euros per DOT Coingecko (11th January 2024). 

In terms of reporting, as a minimum, I will provide progress reports every 2 months detailing plans and progress with the FIs.  

Please also note

- I will request additional funding to extend my assignment at the end of this 6-month assignment, assuming leads are developing well and there is good momentum for a PoC. 
- Furthermore, I will request a retroactive 25,000 euros (success bonus) for any relationship I bring to the ecosystem, resulting in a PoC with the FI. 
- Further fees may also be requested depending on the level of input needed on my part during a PoC.  I have assumed relatively light touch support during the PoCs since the dedicated “project team” should be handling things on a day-to-day basis. 



**Note on Legal Costs and Negotiation:**

It's important to note that legal costs associated with drafting and finalising any MOUs or other necessary agreements are not included in this proposal. Based on my previous experience, such as the negotiation with the bank in the Philippines, we should anticipate a reasonable amount of negotiation, potentially extending up to two months. This duration accounts for the back-and-forth discussions typically required to align the terms and conditions of the MOU with both parties' objectives and legal frameworks.

**Benefits to Polkadot:**

- Strategic Partnerships: Establishing connections with leading financial institutions, enhancing Polkadot's credibility and reach.
- Market Penetration: Expanding Polkadot's presence in key financial sectors, leveraging my experience and network.
- Innovation Showcase: Demonstrating the practical utility of Polkadot through successful PoCs, attracting further interest and investment.


Proposer: Ben Sheppard (https://www.linkedin.com/in/txshep/)
Telegram: Tx_shep
Email: bensheppardxyz@gmail.com

Hi everyone,

My name is Ben Sheppard, Founder at Silta Finance, and I'm excited to share with you a business development proposal: the "Polkadot-Financial Institution Partnership Initiative."

With a rich background in structured finance and a deep understanding of the blockchain landscape, I've crafted a proposal aimed at forging strategic partnerships between Polkadot and key financial institutions. This initiative is designed to leverage my extensive network and experience in the finance sector to bring new opportunities and growth to the Polkadot ecosystem.

The proposal outlines a comprehensive 6-month plan, focusing on developing Memorandums of Understanding and Proof of Concepts with financial institutions. This will not only enhance Polkadot's visibility in the financial world but also demonstrate the practical applications and benefits of our innovative blockchain technology in solving real-world financial challenges.

I believe that with the support and collaboration of the Polkadot community, we can make significant strides in bridging the gap between blockchain technology and the traditional financial sector. I'm looking forward to discussing this proposal in more detail and exploring how we can work together to achieve these ambitious goals.

Thank you for considering this initiative. I am eager to hear your thoughts and feedback.

Please see the proposal further below: 

**Objective:**

The primary objective of this proposal is to create strategic partnerships between financial institutions (FIs) and Polkadot. This will be achieved through two key initiatives: firstly, by signing Memorandums of Understanding (MOUs) between FIs and Polkadot, and secondly, by completing Proof of Concepts (PoCs). The MOUs will focus on encouraging FIs to collaborate directly with Polkadot or with projects built on the Polkadot blockchain.

**Why Me**

I am the founder of Silta Finance, which specialises in AI-powered bankability assessment technology and DeFi loan pools. Prior to moving into tech a few years ago, I spent 15 years in structured finance, which involved undertaking transaction advisory roles with multilateral development banks, private equity funds, and high street banks such as the World Bank, EBRD, HSBC, and Macquarie, as well as the domestic banks in several countries across South East Asia.  

Leveraging my existing networks, I am confident in my ability to forge new relationships for Polkadot, especially in the current revitalising crypto market.  In recent times, I successfully forged partnerships that led to a pilot project with a major bank in the Philippines and the Streamr Network project.  Currently, I am working on deals with two major global infrastructure banks for my own project, Silta.

As a reference point here is a blog about the Philippines Bank - Streamr partnership
https://blog.streamr.network/news-tx-partners-with-wwf-philippines-and-unionbank-for-sustainable-fishing-and-financial/

MOUs alone rarely lead to fruitful outcomes. On the other hand, MOUs with clearly identified PoCs that address pain points for both parties can deliver the desired outcomes. This is the approach I will adopt if given this assignment. 
Method & Timeframe:

This assignment spans over a period of 6 months, with the objective of forging partnerships with financial institutions. While I possess established connections within the industry, the process of engaging financial institutions (FIs) is intricate and demands a tailored approach. These institutions typically seek a concrete use case to channel their focus and designate a Project Owner internally. The 6-month duration is strategically planned to encompass several critical stages:

**Value proposition development:** Develop a value proposition deck to promote Polkadot and key ecosystem projects that wish to forge relationships with FIs. This will require:

- Collaboration with ecosystem projects
- Understanding project needs
- Crafting and tailoring value proposition
- Conceptualising PoCs

**Positioning and Engagement**: Utilizing my existing relationships to position Polkadot effectively within the FI's strategic interests.

**Problem Identification:** Collaboratively identifying a specific challenge or opportunity the FI is facing, which can be addressed through blockchain technology.

**Solution Mapping:** Demonstrating how Polkadot, or its ecosystem partners, can offer innovative solutions to the identified problem.

**MOU Development and PoC Agreement** Crafting and finalising a Memorandum of Understanding to embark on a Proof of Concept, showcasing the practical application and benefits of the partnership.  Note: we need to agree on a counterparty that will sign MOU as it doesn’t make sense for me to sign with the Fi. 

Throughout this process, active support from the Polkadot community will be crucial. Your insights will be invaluable in articulating Polkadot's value proposition and pinpointing relevant projects within its ecosystem that align with the FI's needs and objectives. This collaborative effort is essential to ensure the success of these partnerships and the realisation of tangible outcomes from the PoCs. 

**Budget:**

Monthly Retainer: 2,500 euros 
Total Expenses Budget: 12,000 euros

6 months assignment total budget: 27,000 euros (4285.71 DOT)

DOT price at the time of writing this proposal is 6.30 euros per DOT Coingecko (10:44 am 16th Dec 2023). 

**Please also note**
I will request retroactive funding for 10,000 Euros for each successfully signed MOU. Furthermore, for each signed MOU that subsequently results in a PoC with the FI, I will make a second retroactive funding request for an additional 20,000 euros. 
Further fees may be requested depending on the level of input needed on my part during a PoC.  I have assumed relatively light touch support during the PoCs since the dedicated “project team” should be handling things on a day-to-day basis. 


**Note on Legal Costs and Negotiation:**

It's important to note that legal costs associated with drafting and finalising the MOU are not included in this proposal. Based on my previous experience, such as the negotiation with a bank in the Philippines, we should anticipate a reasonable amount of negotiation, potentially extending up to two months. This duration accounts for the back-and-forth discussions typically required to align the terms and conditions of the MOU with both parties' objectives and legal frameworks.
Strategy:

1. Partnership Development: Utilizing my network and expertise to identify and engage potential financial institution partners. This is going to require a reasonable amount of travel and face-to-face time with the FIs, which are mainly located across Asia.

2. MOU Negotiation and Signing: Facilitating discussions and agreements between Polkadot, and/or Polkadot ecosystem partners and the FIs to formalise partnerships.

3. Proof of Concept Development: Overseeing the creation and completion of PoCs to demonstrate the practical application and benefits of these partnerships.

**Benefits to Polkadot:**

- Strategic Partnerships: Establishing connections with leading financial institutions, enhancing Polkadot's credibility and reach.
- Market Penetration: Expanding Polkadot's presence in key financial sectors, leveraging my experience and network.
- Innovation Showcase: Demonstrating the practical utility of Polkadot through successful PoCs, attracting further interest and investment.

Proposer: Ben Sheppard (https://www.linkedin.com/in/txshep/)
Telegram: Tx_shep
Email: bensheppardxyz@gmail.com

Hi everyone,

My name is Ben Sheppard, Founder at Silta Finance, and I'm excited to share with you a business development proposal: the "Polkadot-Financial Institution Partnership Initiative."

With a rich background in structured finance and a deep understanding of the blockchain landscape, I've crafted a proposal aimed at forging strategic partnerships between Polkadot and key financial institutions. This initiative is designed to leverage my extensive network and experience in the finance sector to bring new opportunities and growth to the Polkadot ecosystem.

The proposal outlines a comprehensive 6-month plan, focusing on developing Memorandums of Understanding and Proof of Concepts with financial institutions. This will not only enhance Polkadot's visibility in the financial world but also demonstrate the practical applications and benefits of our innovative blockchain technology in solving real-world financial challenges.

I believe that with the support and collaboration of the Polkadot community, we can make significant strides in bridging the gap between blockchain technology and the traditional financial sector. I'm looking forward to discussing this proposal in more detail and exploring how we can work together to achieve these ambitious goals.

Thank you for considering this initiative. I am eager to hear your thoughts and feedback.

Please see the proposal further below: 

**Objective:**

The primary objective of this proposal is to create strategic partnerships between financial institutions (FIs) and Polkadot. This will be achieved through two key initiatives: firstly, by signing Memorandums of Understanding (MOUs) between FIs and Polkadot, and secondly, by completing Proof of Concepts (PoCs). The MOUs will focus on encouraging FIs to collaborate directly with Polkadot or with projects built on the Polkadot blockchain.

**Why Me**

I am the founder of Silta Finance, which specialises in AI-powered bankability assessment technology and DeFi loan pools. Prior to moving into tech a few years ago, I spent 15 years in structured finance, which involved undertaking transaction advisory roles with multilateral development banks, private equity funds, and high street banks such as the World Bank, EBRD, HSBC, and Macquarie, as well as the domestic banks in several countries across South East Asia.  

Leveraging my existing networks, I am confident in my ability to forge new relationships for Polkadot, especially in the current revitalising crypto market.  In recent times, I successfully forged partnerships that led to a pilot project with a major bank in the Philippines and the Streamr Network project.  Currently, I am working on deals with two major global infrastructure banks for my own project, Silta.

As a reference point here is a blog about the Philippines Bank - Streamr partnership
https://blog.streamr.network/news-tx-partners-with-wwf-philippines-and-unionbank-for-sustainable-fishing-and-financial/

MOUs alone rarely lead to fruitful outcomes. On the other hand, MOUs with clearly identified PoCs that address pain points for both parties can deliver the desired outcomes. This is the approach I will adopt if given this assignment. 
Method & Timeframe:

This assignment spans over a period of 6 months, with the objective of forging partnerships with financial institutions. While I possess established connections within the industry, the process of engaging financial institutions (FIs) is intricate and demands a tailored approach. These institutions typically seek a concrete use case to channel their focus and designate a Project Owner internally. The 6-month duration is strategically planned to encompass several critical stages:

**Value proposition development:** Develop a value proposition deck to promote Polkadot and key ecosystem projects that wish to forge relationships with FIs. This will require:

- Collaboration with ecosystem projects
- Understanding project needs
- Crafting and tailoring value proposition
- Conceptualising PoCs

**Positioning and Engagement**: Utilizing my existing relationships to position Polkadot effectively within the FI's strategic interests.

**Problem Identification:** Collaboratively identifying a specific challenge or opportunity the FI is facing, which can be addressed through blockchain technology.

**Solution Mapping:** Demonstrating how Polkadot, or its ecosystem partners, can offer innovative solutions to the identified problem.

**MOU Development and PoC Agreement** Crafting and finalising a Memorandum of Understanding to embark on a Proof of Concept, showcasing the practical application and benefits of the partnership.  Note: we need to agree on a counterparty that will sign MOU as it doesn’t make sense for me to sign with the Fi. 

Throughout this process, active support from the Polkadot community will be crucial. Your insights will be invaluable in articulating Polkadot's value proposition and pinpointing relevant projects within its ecosystem that align with the FI's needs and objectives. This collaborative effort is essential to ensure the success of these partnerships and the realisation of tangible outcomes from the PoCs. 

**Budget:**

Monthly Retainer: 2,500 euros 
Total Expenses Budget: 12,000 euros

6 months assignment total budget: 27,000 euros (4285.71 DOT)

DOT price at the time of writing this proposal is 6.30 euros per DOT Coingecko (10:44 am 16th Dec 2023). 

**Please also note**
I will request retroactive funding for 10,000 Euros for each successfully signed MOU. Furthermore, for each signed MOU that subsequently results in a PoC with the FI, I will make a second retroactive funding request for an additional 20,000 euros. 
Further fees may be requested depending on the level of input needed on my part during a PoC.  I have assumed relatively light touch support during the PoCs since the dedicated “project team” should be handling things on a day-to-day basis. 


**Note on Legal Costs and Negotiation:**

It's important to note that legal costs associated with drafting and finalising the MOU are not included in this proposal. Based on my previous experience, such as the negotiation with a bank in the Philippines, we should anticipate a reasonable amount of negotiation, potentially extending up to two months. This duration accounts for the back-and-forth discussions typically required to align the terms and conditions of the MOU with both parties' objectives and legal frameworks.
Strategy:

1. Partnership Development: Utilizing my network and expertise to identify and engage potential financial institution partners. This is going to require a reasonable amount of travel and face-to-face time with the FIs, which are mainly located across Asia.

2. MOU Negotiation and Signing: Facilitating discussions and agreements between Polkadot, and/or Polkadot ecosystem partners and the FIs to formalise partnerships.

3. Proof of Concept Development: Overseeing the creation and completion of PoCs to demonstrate the practical application and benefits of these partnerships.

**Benefits to Polkadot:**

- Strategic Partnerships: Establishing connections with leading financial institutions, enhancing Polkadot's credibility and reach.
- Market Penetration: Expanding Polkadot's presence in key financial sectors, leveraging my experience and network.
- Innovation Showcase: Demonstrating the practical utility of Polkadot through successful PoCs, attracting further interest and investment.

Proposer: Ben Sheppard (https://www.linkedin.com/in/txshep/)
Telegram: TXshep
Email: bensheppardxyz@gmail.com

Hi everyone,

My name is Ben Sheppard, Founder at Silta Finance, and I'm excited to share with you a business development proposal: the "Polkadot-Financial Institution Partnership Initiative."

With a rich background in structured finance and a deep understanding of the blockchain landscape, I've crafted a proposal aimed at forging strategic partnerships between Polkadot and key financial institutions. This initiative is designed to leverage my extensive network and experience in the finance sector to bring new opportunities and growth to the Polkadot ecosystem.

The proposal outlines a comprehensive 6-month plan, focusing on developing Memorandums of Understanding and Proof of Concepts with financial institutions. This will not only enhance Polkadot's visibility in the financial world but also demonstrate the practical applications and benefits of our innovative blockchain technology in solving real-world financial challenges.

I believe that with the support and collaboration of the Polkadot community, we can make significant strides in bridging the gap between blockchain technology and the traditional financial sector. I'm looking forward to discussing this proposal in more detail and exploring how we can work together to achieve these ambitious goals.

Thank you for considering this initiative. I am eager to hear your thoughts and feedback.

Please see the proposal further below: 

**Objective:**

The primary objective of this proposal is to create strategic partnerships between financial institutions (FIs) and Polkadot. This will be achieved through two key initiatives: firstly, by signing Memorandums of Understanding (MOUs) between FIs and Polkadot, and secondly, by completing Proof of Concepts (PoCs). The MOUs will focus on encouraging FIs to collaborate directly with Polkadot or with projects built on the Polkadot blockchain.

**Why Me**

I am the founder of Silta Finance, which specialises in AI-powered bankability assessment technology and DeFi loan pools. Prior to moving into tech a few years ago, I spent 15 years in structured finance, which involved undertaking transaction advisory roles with multilateral development banks, private equity funds, and high street banks such as the World Bank, EBRD, HSBC, and Macquarie, as well as the domestic banks in several countries across South East Asia.  

Leveraging my existing networks, I am confident in my ability to forge new relationships for Polkadot, especially in the current revitalising crypto market.  In recent times, I successfully forged partnerships that led to a pilot project with a major bank in the Philippines and the Streamr Network project.  Currently, I am working on deals with two major global infrastructure banks for my own project, Silta.

As a reference point here is a blog about the Philippines Bank - Streamr partnership
https://blog.streamr.network/news-tx-partners-with-wwf-philippines-and-unionbank-for-sustainable-fishing-and-financial/

MOUs alone rarely lead to fruitful outcomes. On the other hand, MOUs with clearly identified PoCs that address pain points for both parties can deliver the desired outcomes. This is the approach I will adopt if given this assignment. 
Method & Timeframe:

This assignment spans over a period of 6 months, with the objective of forging partnerships with financial institutions. While I possess established connections within the industry, the process of engaging financial institutions (FIs) is intricate and demands a tailored approach. These institutions typically seek a concrete use case to channel their focus and designate a Project Owner internally. The 6-month duration is strategically planned to encompass several critical stages:

**Value proposition development:** Develop a value proposition deck to promote Polkadot and key ecosystem projects that wish to forge relationships with FIs. This will require:

- Collaboration with ecosystem projects
- Understanding project needs
- Crafting and tailoring value proposition
- Conceptualising PoCs

**Positioning and Engagement**: Utilizing my existing relationships to position Polkadot effectively within the FI's strategic interests.

**Problem Identification:** Collaboratively identifying a specific challenge or opportunity the FI is facing, which can be addressed through blockchain technology.

**Solution Mapping:** Demonstrating how Polkadot, or its ecosystem partners, can offer innovative solutions to the identified problem.

**MOU Development and PoC Agreement** Crafting and finalising a Memorandum of Understanding to embark on a Proof of Concept, showcasing the practical application and benefits of the partnership.  Note: we need to agree on a counterparty that will sign MOU as it doesn’t make sense for me to sign with the Fi. 

Throughout this process, active support from the Polkadot community will be crucial. Your insights will be invaluable in articulating Polkadot's value proposition and pinpointing relevant projects within its ecosystem that align with the FI's needs and objectives. This collaborative effort is essential to ensure the success of these partnerships and the realisation of tangible outcomes from the PoCs. 

**Budget:**

Monthly Retainer: 2,500 euros 
Total Expenses Budget: 12,000 euros

6 months assignment total budget: 27,000 euros (4285.71 DOT)

DOT price at the time of writing this proposal is 6.30 euros per DOT Coingecko (10:44 am 16th Dec 2023). 

**Please also note**
I will request retroactive funding for 10,000 Euros for each successfully signed MOU. Furthermore, for each signed MOU that subsequently results in a PoC with the FI, I will make a second retroactive funding request for an additional 20,000 euros. 
Further fees may be requested depending on the level of input needed on my part during a PoC.  I have assumed relatively light touch support during the PoCs since the dedicated “project team” should be handling things on a day-to-day basis. 


**Note on Legal Costs and Negotiation:**

It's important to note that legal costs associated with drafting and finalising the MOU are not included in this proposal. Based on my previous experience, such as the negotiation with a bank in the Philippines, we should anticipate a reasonable amount of negotiation, potentially extending up to two months. This duration accounts for the back-and-forth discussions typically required to align the terms and conditions of the MOU with both parties' objectives and legal frameworks.
Strategy:

1. Partnership Development: Utilizing my network and expertise to identify and engage potential financial institution partners. This is going to require a reasonable amount of travel and face-to-face time with the FIs, which are mainly located across Asia.

2. MOU Negotiation and Signing: Facilitating discussions and agreements between Polkadot, and/or Polkadot ecosystem partners and the FIs to formalise partnerships.

3. Proof of Concept Development: Overseeing the creation and completion of PoCs to demonstrate the practical application and benefits of these partnerships.

**Benefits to Polkadot:**

- Strategic Partnerships: Establishing connections with leading financial institutions, enhancing Polkadot's credibility and reach.
- Market Penetration: Expanding Polkadot's presence in key financial sectors, leveraging my experience and network.
- Innovation Showcase: Demonstrating the practical utility of Polkadot through successful PoCs, attracting further interest and investment.

Proposer: Ben Sheppard (https://www.linkedin.com/in/txshep/)
Telegram: TXshep
Email: bensheppardxyz@gmal.com

Problem Statement:
- The proposal aims to attract financial institutions to the Polkadot ecosystem through strategic partnerships or the development of technology solutions on Polkadot.

Significance:
- Establishing partnerships with financial institutions will enhance Polkadot's visibility and credibility in the financial world.
- Demonstrating the practical applications and benefits of Polkadot's blockchain technology in solving real-world financial challenges.

Proposed Solution:
- Develop Memorandums of Understanding and Proof of Concepts with financial institutions over a 6-month period.
- Craft a value proposition deck, engage with financial institutions, identify problems, map solutions, and create PoC use cases.

Expected Outcomes:
- Establish strategic partnerships with financial institutions, expanding Polkadot's presence in key financial sectors.
- Showcase the practical utility of Polkadot through successful PoCs, attracting further interest and investment.

#2052 Polkadot in Finance: A Strategic Partnership Development Proposal