Please describe your proposed solution.
<u>Elevator Pitch Video:</u>
<https://youtu.be/rUXALtMdPvE><u>It's Time for Impact Web3</u>:
https://youtu.be/tSuUdov2i0M?si=1n_09DgHT6ZmkBXY<u>We Have Already Demonstrated The Proof of Concept with Proof of Impact Platform (PIP)</u>:
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We already created the PIP proof of concept thanks to our collaboration with Patrick Tobler and NMKR, using their white label studio solution for PIP and to offer our Cardano Impact Report as a NFT, that can be minted via the website:
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<https://pip.nmkr.store/>
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<https://www.nmkr.io/drops/cardano-impact-report>
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Socious generously donated Microsoft Azure credits and our team is currently building out these components for PIP with an Azure Expert as part of our MVP roadmap.
<u>Road to MVP</u>:
Our PIP solution seeks to close the sustainability finance gap, by equipping NGOs, and impact organisations with web3 tools, to help accelerate their positive impact.
The Proof of Impact Platform (PIP) will be a SaaS solution, aiming to help people financially and morally support the causes and actions carried out by grassroots activists, communities, NGOs, and impact associations.
The primary products are an easy-to-use app to upload Impact KPI data. Along with a Cardano-powered platform that enables individuals and organizations to support NGOs and impact associations and get rewarded for their actions.
PIP will use Cardano's tools, and related technologies to capture and showcase the reported and proven impact of NGOs, and associations, through a purchasable Proof of Impact NFT, containing metadata evidence connected to the positive impact beneficiaries have experienced.
The PIP MVP will be comprised of:
Impact Data Submission Portal:
- Companies can create a portfolio and choose the Impact criteria connected to their project.
- They then can submit their monthly or quarterly impact data points through the data submission page on the portal.
- Once the data is submitted it is sent and stored in the Impact Data Database.
Impact Data Database:
- This is where the data is stored. Each Impact project will have its own cluster of data.
- The data stored in the database is then used to calculate the impact statistics.
- Once calculated this information is represented in the NGOs/user dashboard.
Example: Impact Data Dashboard for Rimba:
- The NGO Impact Dashboard will be connected to the Proof of Impact NFTs through the metadata onchain
- The dashboard will also act as a place for users to support Rimba (eg minting a Proof of Impact NFT) and get an NFT, and follow their impact updates
By developing these components we are going to move from Proof of Impact Platform Proof of Concept to a complete MVP.
The goal of the proposal will be to enhance, test, and expand this work so we can scale Impact Web3 and PIP.
This will enable us to onboard more organizations globally.
We have been busy working on developing the Proof of Concept without funding:
Pre-Funding Activity
We have been very busy at both Impact Web3 and Sustainable ADA. Over the past three years, we have been creating partnerships and developing relationships to find the puzzle pieces, and to create the Sustainable Blockchain ecosystem and community.
From all of our research, evaluation, and learning we have set ourselves up for the next steps in our journey.
We were funded in Fund 10 to support Rimba NGO on their digital transformation with novel finance streams for their operations, through the sale of Proof of Impact NFTs.
We will be using the data from the feasibility study to help finalize our PIP model. We will be using Rimba's Impact Data and displaying it in a dashboard.
This will enable project supporters to review their Impact Data from their public dashboard.
This will be stored in the metadata of the NFTs.
Post Funding Activity
Launching Impact Web3 - an ecosystem of products and tools that support one another in creating larger ripple effects of positive social and environmental impact.
Impact Web 3 is a company that is focused on building and managing decentralized technologies that enable positive impact and sustainability initiatives.
The company oversees several key projects that work together to create a more sustainable and equitable world.
One of the primary projects under Impact Web3 is the Sustainable ADA platform. This platform is built on the Cardano blockchain and is designed to facilitate sustainable education and raise awareness about blockchain4good, and especially Cardano4Good initiatives. Through Sustainable ADA, Impact Web3 was born.
The aim of creating Impact Web3 is to provide more educational content to users, and bring to life our mission of enabling disruptive positive impact around the world.
All of our initiatives are focused on helping demonstrate the importance of prioritizing sustainability and regenerative web3 projects that solve actual real-world problems.
Another project under Impact Web3 is Domino DAO, which is a decentralized autonomous organization that aims to promote social and environmental impact through blockchain-based governance.
The DAO is designed to allow community members to take part in the work of impact evaluation. The DAO will enable the development of a community of impact investors, to help support impact projects in the Cardano community, and connect them with the evaluators and projects themselves. We are exploring bridge-building in this regard with collaborators such as Token Allies.
As an impact evaluator and DAO member, you can propose new ideas and vote on initiatives that can help the platform create greater positive change in the world.
The Proof of Impact Project (PIP) is another key initiative under Impact Web 3. This project is focused on developing a platform that can verify and quantify the impact of sustainability projects, making it easier for supporters and other stakeholders to assess the social and environmental impact of their contributions.
This project works side by side with the Domino DAO to help connect our DAO community with an impact measurement framework, and pool of impact projects. We will be providing work opportunities and adding roles for community members who want to support or are interested in earning paid rewards, by helping companies track, trace, and verify their impact.
We will continue to research how to best create this DAO and integrating the first stage of development to move toward a completely decentralized impact community.
In this first stage, we will be creating a Token for DAO members. This will be an NFT called the "Domino DAO Founders Pass".
This will give members lifetime access to DAO activities.
Over time, we will allow for the burning and minting of the DAO Founder Passes and after we have created a pool of founders we will move into a New "Member DAO Pass", as we expand to larger groups of members and new opportunities. This will also allow us to test new tools and scale the community in a way where all members have a voice and we can support all impact investors and evaluations entering our ecosystem.
We want the Domino DAO to be the perfect place to onboard new users to Cardano and we believe by taking the proper steps in expanding this community we will be able to effectively reach this goal. This will be an organic growth method and allow us to efficiently scale our community for success.
Impact Web 3 is a company dedicated to using blockchain technology to create positive change and promote sustainability in the world. The company's various projects work together to create a comprehensive ecosystem and community that can help drive positive impact and sustainability initiatives forward. Through Impact Web3 we want to interconnect all the Blockchain for Good projects across all blockchains, keeping a focus on Cardano as it is a leading blockchain for Impact, as showcased in the Cardano Impact Report 2023.
<https://sustainableada.com/cardano-impact-report/>
<u>Why we need Impact Web3 as part of the Cardano community:</u>
Vision:
A world where sustainability and positive impact are at the forefront and at the heart of technological innovation.
Mission:
- To build and manage decentralized technologies that enable positive impact and sustainability initiatives.
- Provide educational content and raise awareness about the importance of prioritizing sustainability in web3 projects through our Sustainable ADA platform.
- Domino DAO aims to promote social and environmental impact through blockchain-based governance and allow community members to take part in impact evaluation.
Impact Web3 with this funding will be taking the next steps to create greater impact in the Cardano ecosystem and beyond.
<u>Impact Web3 Core Focus Areas: </u>
(Education, Impact Measurement/Investing, Onboarding)
Education and Media: Sustainable ADA
- Support the Cardano Impact Report Initiative
- Support expansion of educational content
- Videos
- Courses with partners Blockchain Learning Center
- Virtua Metaverse Educational experience
- Content Creation Fund
- Onboarding more creators and members to the Sustainable ADA team
Impact Measurement & Investing: Proof of Impact Platfrom (PIP)
- Develop the PIP Platform
- Finalize White Paper
- Onboard First NGO
- Create Dynamic Proof of Impact NFTs (CIP-68)
- Develop an Impact Project Dashboard
- Develop an investor/supporter public dashboard
Onboarding: Domino DAO (DD)
- Create a founding board for Domino DAO (DD)
- Finalize White Paper
- Research and test learn to earn model
- Research using community tools like the Andamio platform
- Integrate voting tools for DAO via Clarity and Summon platforms
- Create onboarding info and start to create a community of impact investors, evaluators, & projects
- Create Impact Evaluation PBL certification course to prove our evaluators are certified and have the proper skills
- Research DID integration with ecosystem service providers such as ProofSpace, Atala Prism, IAMX
<u>Our Partners </u>
We have partnered with Talk to Loop, who will be one of our on the ground partners to support capturing local community testimonials.
For our PIP pilot projects, Streets of ADA - A Samsudin Brothers Projek have been creating Art as Activism, Proof of Impact NFTs in partnership with the Palawan NGO Network.
Streets of ADA NFTs will help raise funds and build a global support community to challenge corruption, protect activists and protect the planet.
“Loop is an open platform raising the voices of local people into the digital space. Making sure that impact is measured by their experiences and priorities! This collaboration is helping to use their views to inform Proof of Impact rather than letting other people define it." - Alex Ross, Loop Lead
Integrating Talk to Loop with PIP & Impact NFTs:
<u>Problem:</u>
“Blockchain technology can’t solve for the human factor. If someone inputs garbage data onto a blockchain, that garbage is recorded forever and can inadvertently become a flawed source of truth. Thus, an analysis of data hygiene is a critical precursor to any blockchain deployment.”
– Sheila Warren, Platform Head – Blockchain, Digital Currency, and Data Policy, World Economic Forum.
<u>Why this approach?</u>
In order to address the challenges of ensuring data quality and providing a means for those underserved and unheard to be heard and included, we have partnered with trusted and reputable local NGOs and impact organisations.
We aim to pilot how web3, and Cardano blockchain technologies can be leveraged for positive social impact as we believe these tools and stakeholders can work in tandem to help accelerate the achievement of the Sustainable Development Goals through a grassroots-led approach. Communities will be given the opportunity to develop and acquire digital skills and discover digital economic opportunities.
<u>How it works with Talk to Loop:</u>
Interactive Voice Response and Reply (IVRR)
- Feedback should not be restricted by literacy, connectivity, or language. That’s why Loop created IVRR.
1. Feedback shared
- Recipient of aid records their feedback in their chosen language by calling our free phone number (e.g. 6464 in Somalia), from any phone.
2. Content moderated
- Loop moderators transcribe, translate and tag the feedback before it is visible on the platform. Organisations are notified of feedback about them. Aggregate data of trends is visible on the statistics page.
3. Reply Submitted
- Anyone, including organisations, can reply directly to feedback, in their own time, in their own language, on any device, to stay engaged remotely.
4. Response created
- Replies are also translated, and an audio recording is created for the original author of the feedback. The reply is published publicly on the Loop platform, providing it is not sensitive.
5. Closing the loop
- The author receives an automated phone call during which they can hear the reply read out to them in their chosen language. The author can then choose to respond immediately, request a call back the next day or simply hangup. The feedback loop is closed!
With the support of the Cardano Project Catalyst funding, we will be able to facilitate the integration of this data into Proof of Impact NFTs as part of the metadata in dynamic NFTs using CIP 68.
<u>Who will we engage?</u>
We are engaging the local community in Palawan, the Philippines, alongside partners:
Palawan NGO Network Inc., and Talk to Loop (Loop).
Loop is led in the Philippines by the Philippines Loop National Coordination Council (LNCC): composed of six people representing seven large national networks and 40 Civil Society Organisations (CSOs).
The LNCC, is composed of six people who represent 7 large national networks and 4000 CSOs.
This includes: NAPC-VDC, DRRNet, CLEARNet, CDRN, BMCSOP, and ECOWEB.
They all come from different geographical parts of the Philippines and represent different actors in the ecosystem: Government Disaster Response agencies, Civil Society Organisations and more. ECOWEB hosts the Loop staff. The Director of ECOWEB is the Chair of LNCC (the role rotates on an annual basis).
There is a national Forum made up of 40 member CSOs and growing, who have all committed to using and improving Loop, to serve their local communities.
Thanks to a Fund 10 Funded Proposal, we are also supporting the digital transformation of Rimba Non Profit Organisation, based in France with an ecolodge and impactful projects in West Sumatra, Indonesia.
West Sumatra, Indonesia near Rimba.
How we will demonstrate and prove our impact?
We will demonstrate and prove our impact by using Loop’s rigorous tried and tested model, and integrate the data into the Proof of Impact Platform NFT4Good Pilot Projects - Streets of ADA.
Solution is unique because:
Loop is paving the way for the accountability revolution, by ensuring the voices of affected communities are at the heart of organisational decision-making.
Loop enables the gathering of feedback 24/7 online or offline.
Reach people where they are, on a device that they already own or can easily access. Loop helps organisations to cross the digital divide. Our patented Interactive Voice Response and Reply (IVRR) technology makes it easy for anybody, regardless of their literacy, to raise their voices and inform decision-making.
<u>Why it's important to Cardano and beyond?</u>
Through community collaboration currently external to the Cardano community, and by onboarding them into the Cardano ecosystem, this will unlock greater diversity, inclusion and spark further innovation and collective problem solving. Accessibility and inclusion are at the heart of the Loop platform. Feedback submitted in one language is translated to 15 others, with more languages being added all the time. Feedback is translated using a combination of a dedicated moderation team and machine translation technology. This ensures the highest quality results across languages:
عربى, Bemba, Bahasa Indonesia, Cebuano, Chichewa, Español, English, Français, Lozi, Somali (af Maay), Polski, Somali (Maxatiri), Tagalog, українська
<u>Drive Cardano's Impact Ecosystem:</u>
By engaging local communities and working with diverse impact partners across sectors, we can drive and bring richness to the Cardano impact ecosystem.
Our goal is to inspire and onboard users from creating a Proof of Impact mindset
<u>Project Highlights: </u>
We have already onboarded the Palawan NGO Network Inc. in the Philippines. An award winning and Emmy nominated documentary about the team and their mission to challenge corruption, protect land defenders and the planet is shown in Delikado.
<u>Why is the Impact Evaluator Consortium so important?</u>
Bringing economic digital identity to the unconnected, the underrepresented and the unheard is essential if we are to be true to the values and vision of Cardano.
By connecting partners from the Cardano4Good community with communities and partners in the NGO world, the scale and potential for impact is exponential.
PIP Proof of Impact Platform combines Impact Measurement X Proof of Impact NFTs X Impact Portfolios:
- Track and Trace Impact through our impact measurement tool and mobile app. Making it easy for any organization to track and verify impact.
- Proof of Impact NFTs represent an impact investing/donor certification. Meta-data within the NFT attaches up-to-date verified impact data for holders that is dynamic thanks to CIP-68
- Impact portfolios provide users a dashboard to follow NGOs, and Impact Associations' impact over time. Stakeholders can take part in other mechanisms like stake NFTS, receive holder rewards, and view project updates from the projects they support.
<u>Proof of Impact NFTs</u>
PIP's marketplace will make NFTs available for purchase.
Smart contracts will automatically send funds from the sale of the NFT to the NGO's wallet, while also incentivizing users by rewarding them with platform tokens/funds for their actions and needs, which will be redeemable in the growing ecosystem of impact projects and Cardano4Good community.
Dashboard of Impact (example visual and is subject to change)
Our ambitions are to strengthen the relationships between ESG/impact investors and the Social and Environmental impact projects.
To bring more investment to these projects so they can sustainably scale and create greater impact. Furthermore, we can connect impact investors to the projects they want to invest in and support.
We envision a model where investors input certain impact investment criteria based on their investing preferences. Then using that information, they are connected with impact projects in our ecosystem, helping impact investors make more conscious and informed investing decisions.
Our proposed solution addresses the challenge by leveraging our expertise in impact measurement and blockchain technology to create the Proof of Impact Platform (PIP).
This platform aims to revolutionize the way citizens financially and morally support grassroots activists, communities, NGOs, and impact associations.
By utilizing blockchain, NFTs, and related technologies, PIP captures and showcases the reported and proven impact of these organizations through purchasable Proof of Impact NFTs.
<u>Benefits to the Cardano ecosystem:</u>
Enhanced Impact Measurement: The Proof of Impact Platform provides an easy-to-use app and a blockchain-powered platform that enables individuals and organizations to track, measure, and verify the impact of NGOs and impact associations. This transparency and accountability in impact measurement foster trust and confidence in the Cardano ecosystem.
Empowering Grassroots Activists: PIP empowers grassroots activists and communities by giving them a voice and platform to raise awareness and funds for their causes. By capturing local community testimonials and partnering with organizations like Talk to Loop and Palawan NGO Network Inc, we ensure that impact is measured based on their experiences and priorities.
Increased Funding Opportunities: Through the PIP marketplace, Proof of Impact NFTs can be purchased, with the funds automatically transferred to the NGO's wallet. This provides a direct and transparent way for individuals to support impactful projects and initiatives, attracting more funding to the Cardano ecosystem.
Engagement and Rewards: PIP incentivizes users by rewarding them with platform PIP tokens/funds for their actions and needs. This gamification element encourages active participation, engagement, and ongoing support for NGOs and impact associations. In collaboration with Domino DAO, we will make this a fun engaging experience.
ESG/Impact Investing Connections: The Proof of Impact Platform aims to strengthen the relationships between ESG/impact investors and social and environmental impact projects. By connecting impact investors to projects based on their investing preferences, we enable more conscious and informed investment decisions, driving more funding to impactful projects within the Cardano ecosystem.
Scalability and Sustainability: This funding will enable us to develop our MVP and pilot with our Palawan NGO Network Inc. already partnered through the Streets of ADA - A Samsudin Brothers Projek. PIP has the potential to scale and onboard more many more users including artists, social enterprises and NGOs. We are in talks with numerous NGOs and impact associations based in France, the UK, Indonesia, Malaysia, the Philippines, and Singapore who are exploring their digital transformation journey. This scalability contributes to the long-term sustainability of impactful projects who choose to integrate Cardano-built solutions.
Our proposed solution, the Proof of Impact Platform, addresses the challenge by revolutionizing impact measurement, building global communities that are supporting and empowering grassroots activists, attracting funding, incentivizing engagement, onboarding new users to Cardano, and connecting impact investors to impactful projects. These benefits will be a huge contribution to the growth, adoption, and positive impact of the Cardano ecosystem.
With our three core focuses at Impact Web3:
Education: Sustainable ADA
Goals
- Revamp and expand the educational efforts at Sustainable ADA. We plan to do this by creating a variety of multimedia content and sharing this content to a greater audience. We will create strategic partnerships and partner and help other Cardano community educational initiatives. We also will drive support of the Annual Cardano Impact Report, and continue to find ways to expand our reach with this effort. We will be creating a metaverse educational hub in the Virtua metaverse.
Impact Measurement: Proof of Impact Platform (PIP)
Goals
- Finalizing the documentation for the PIP platform. Gluing the puzzle pieces together to develop and build the Proof of Impact Platfrom. Developing dynamic Proof of Impact NFTs. Onboarding the first NGO to the platform. Developing user dashboards. Launching the PIP token.
Onboarding: Domino DAO
Goals
- Launch the Domino DAO. Creating a board. Finalizing the Whitepaper. Researching and developing a Learn to Earn model. Looking into partnerships with projects and community tools. Create a Voting tool. Create Onboarding material. Research and launch Impact Evaluation PBL Certification Course.