Cardano and impact
Impact is a key element of the Cardano philosophy. The first sentence at cardano.org is “making the world better for all” and you can see this line in practically every video of Mr. Charles Hoskinson as well as many of the Cardano ecosystem activities.
Following our successful fund 6 proposals, we have conducted research matching Fund 6 Catalyst proposals with SDGs and the results were very promising. 27.4% of the funded proposals directly intended to impact the SDGs and 68.5% indirectly impacted the SDGs. This is not a surprise as blockchain technology has the potential to have an impact on financial inclusion, governance, education, and other areas which align with SDGs objectives. We have also developed the SDG Proposer Tool which is now embedded in the proposal form processes to further highlight the ongoing alignment between Catalyst and the SDGs.
Sustainable ADA, and the Cardano4Climate team plan to onboard new impact focused businesses into the ecosystem. Currently, it’s hard for these businesses to navigate the community and jump right into Cardano, and Catalyst.
We plan to create a collaboration space for all the new businesses wanting to join the Cardano community and have a focus on impact. This will allow these new businesses to have less of a lag effect when trying to join the community. Also to help teams connect to resources or collaborate with others from within. By creating this new way of onboarding business we will be able to minimize the issues of how to learn these important skills. Ultimately leapfrogging the social, environmental, and economic-driven projects that are helping work towards our goal for a sustainable, and equitable world for all.
Our efforts will allow us to create an open source document with all the impact-related groups, and ways to get involved more within our Sustainable ADA/Cardano4Climate community. Also focused on all the external groups we are connected with and how they could have an impact on the success of one’s projects.
We will be onboarding new businesses also onto the positive blockchain database which will ultimately help with cross-collaboration of Positive block with Cardano.
What does success look like?
Our well-oiled open innovation platform to onboard impact related business will help new and existing teams fulfill roles that are meaningful for their direct success and help contribute to the shared success of the Cardano, and Catalyst community. We will be helping teams collaborate on proposals rather than have a flood of similar ones to create greater value within Catalyst. Focusing on also helping generate more 4-5 star proposals.
We will be able to track these metrics by collecting information for the teams we communicate with.
Our success with the proposals will be shown by collecting data on:
- Number of referrers
- Reduction in the number of unready proposals
- Growth in the number of 4-5 star proposals
- Growth in the number of Community Advisors and Veteran Community Advisors
- Growth in the number of voters
- Growth in total number of votes given
When onboarding these teams we plan to connect them with the current groups:
- Weekly sign ups to Cardano Ideascale
- Townhall attendance
- Catalyst School session attendance
- Swarm session attendance
- Applications to leadership positions (e.g. Circle)
Companies might be suspicious. As we are focusing on impact-related collaboration, it might be easier and faster to build trust and collaboration.
- With our past experience, and partnerships we will be able to prove to any new business that we are a great community to work with.
Our community becomes too saturated and businesses get lost or confused.
- We will minimize this risk by keeping our process, and way if onboarding new businesses percise, and well documented.