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Impact Measurement For Businesses

$15,000.00 Requested
Ideascale logo View on ideascale
Problem:

A key challenge with funded proposals and companies building on Cardano is to track project progress + effectiveness with clear impact measurements, especially for Sustainable Development Goals SDGs

Challenge: Catalyst Natives X Cardashift: Demonstrating and monetizing impact
funded impact proposal Awarded 7.5% of the fund.
Proposal Assessor Reviews:
4.7 (18)
Yes Votes:
₳ 51,456,930
No Votes:
₳ 19,399,770
Unique Wallets:
303

Experience

Sustainable ADA connected to a 200+ team of active Cardano community members. Partnered with Cardano AIM team (voter-tool, CA-tool, vCA-Tool, SDG Proposer Tool, SDG Search Tool). Global diverse multidisciplinary team of professionals: Catalyst, impact research. Funded in 5,6,7,8

Solution

Creating the Impact Measurements process and Tool for companies to help define KPIs, measure, verify and report them, with a focus on SDGs impact.

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[IMPACT] Please describe your proposed solution.

The vision of the proposals is to create a service for investors to measure the impact of businesses through the impact measurement tool. The overarching goal is to create this tool that measures a company's impact so investors and stakeholders could use the info as support for their engagement with the company.

The tool will be a valuable asset to investors and allow greater transparency and trust for the companies building on Cardano. This enable a new level of trust investors don't have today. This is a tool that would bring value to the Cardano community, and greater blockchain space.

Tracking the impact of businesses building on Cardano is something the community doesn't have access to. This can make it hard to follow impact when supporting a business through pool delegation, or investing in a project on a DEX or who are planning to launch a token. Sustainable ADA, and Yoram from Cardano4Climate are taking the next steps to help community members track and trace the impact of these groups building on Cardano

To create a strong impact measurement platform we plan to develop a model for Impact evaluation of companies. We will do this following past research on the impact measurement tool.

Impact measurements platform (inc. whitepaper)

Continue the development of the impact measurement tool from our research based funded proposal in fund 7 the ‘Impact Measurement Tool’ (https://cardano.ideascale.com/c/idea/383628).

We created a white paper for this research: https://www.canva.com/design/DAFC7zRNrdg/em1s_yQDnNU6sPW6KJ8hnA/view?utm_content=DAFC7zRNrdg&utm_campaign=designshare&utm_medium=link&utm_source=publishsharelink

From our evaluation of impact reporting mechanisms we found the following template to be most suitable. The main reason is that this framework will help to define clear, simple and measurable KPIs based on each project’s activities. We foresee its usage helping proposers and project managers clearly define their proposal’s/project’s impact from the outset, and take the necessary steps in measuring it.

Our team proposes to continue to develop an Impact Measurements Tool with the support of this research, and a fund 9 proposal. We aim to develop a tool/add capacity to the SDG Proposer Tool we have been building, that can be used by all as a free, open access tool, with a particular focus on usage by Proposal/Impact Mentors for instance. In effect the tool can be used to facilitate consultation services with a proposer/team as a service, and help clearly define and communicate impact in understandable terms to multi stakeholder audiences. The tool will be adjusted also for blockchain related projects taking into account for example new models such as DAOs and tokenization.

Impact measurement and verification for SPOs, and impact companies

We will take the first steps in providing a valuable service to investors by measuring the impact of 10 companies with a mission centered around impact building on Cardano.

Some example of the companies we will be evaluating are:

Socios - https://socious.io/

Empowa - <https://empowa.io/>

Waya Collective - https://wayacollective.co

With the support of the Cardano community, it will allow us to continue the development of the model found in the Impact Measurement Tool whitepaper. This will allow us to finalize the structure of the Impact measurement tool and allow us to start the next steps of the process where we plan to track and trace the impact of companies on Cardano and use the research to finalize a model and create the impact measurement tool

By evaluating these first 10 companies it will allow us to make changes to our solution and develop the tool aiming to capture the most impact of the organizations. This will allow us to provide an elegant solution before we publicly launch this tool to the community.

Our service will have an impact on the Cardano community and investors in or entering the Cardano ecosystem who want to make sure the new Web 3 projects they support are working towards positive change and creating a good impact on their communities, and the planet.

We plan to integrate this tool to the Cardano onboarding process. This will allow companies beginning to build on Cardano track and measure their impact so that they can give another layer of validity to the Cardano project Catalyst project. This will allow voters and supporters in the Cardano community to communicate with companies in a new way and verify their impact.

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

The project brief states:

“How could the Cardano technology be leveraged to build new solutions for positive impact valuation and monetization?”

This is exactly what our proposal is focused on, helping bring a new level of trust through the impact verification and measurement of companies. While impact focused businesses continue to develop on Cardano the community will want to know who is actually measuring and working towards impact focused solutions or who is greenwashing and not providing the solution they are promising.

From our new tool we will be able to provide a new level of trust for businesses entering the Cardano ecosystem and give inventors a new cheatsheet into who is making a true difference in the world.

  • Actors capable of defining criteria (standard) on what an impact means in different context (education, carbon cycle, biodiversity, etc) and/or geography

With the impact measurement tool community members will be able to verify the impact of companies operating around Cardano.

  • Services and methods to issue impact credentials in a decentralized way with a peer-to-peer and expert review process

The impact measurement tool allows for impact credentials to be transparent and for companies to go through an impact evaluation process to help start tracking their impact.

  • Certification bodies for analyzing and validating the data points provided by impact-oriented projects

The impact measurement tool will act as an open source certification body where we help validate the impact of these organizations providing them an invaluable service.

  • Mechanisms to give a financial value to impact - reflections on tokenizing impact

The impact measurement tool will also allow the impact of organization to connect with the valuation of the product (token, NFT marketplace ) showing a connection between impact and financial value.

  • On-chain tools for recording impact proofs and bringing more transparency and traceability

This tool will allow the Cardano and greater blockchain community to have full transparency of the impact of the orgs building on Cardano and have more trust when supporting their activities.

  • On-chain marketplaces to connect impact-oriented projects with potential buyers (corporations, states organizations, funds) for their impact proofs

This connects to another proposal we are submitting in fund 9 ’The Sustainable Goals Token - (link to ideascale)

Impact valuation will be shown by connecting this open source tool to the SGT platform:

We plan to create impact evaluations of the projects on Cardano and onboard this tool onto the SGT platform.

“Through our impact evaluation process we will be able to measure and validate the tangible contribution of a project from a social and/or environmental point of view. Our new solutions of measurement and traceability will enable new forms of trust with impact projects. With our governance model we will enable organized governance through the blockchain helping our solution be locally adapted creating a new approach/standard of impact measurement in the Web 3 space.”

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

  • Cardano community is not interested in the impact of SPOs
  • Investors into Cardano projects using a DEX dont care about the impact of their investments business operations
  • DEX don't want to share the data of the impact of tokens they list

Cardano community and leadership, starting from Charles, is highly impact driven. The Cardano mission is to: Make the world work better for all.

Blockchain is a technology for impact -transparency, traceability, verification, and decentralization all lead to impact on people's lives.

By providing the impact measurement &amp; verification tool investors could make decisions and drive more resources to impact driven businesses to create a more sustainable and equitable world for all.

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

Roadmap:

Phase 1: 4 weeks: Research

This phase includes: Finalizing white paper V1

  • Final research
  • Get suggestions from partners and supporters

Phase 2, week 5 to week 16: onboard &amp; analyze 10 companies

This phase includes:

  • Reaching out to 10 Companies
  • Develop together measurables KPIs
  • Provide a model to verify progress
  • Creating the onboarding resources for this first batch of companies
  • Creating a deck with infographics on how the tool works and how its evaluating impact
  • Testing the tool and building out a good UX for companies public profiles

Phase 3, week 15-17: Release tool to the public

  • Create a tool to get Cardano projects to list their impact on our open source impact database.

This phase includes:

  • Talk with Catalyst team to integrate our tool into the onboarding form for funded proposals, and businesses
  • Integrate into the SGT platform

The deliverable and KPIs will be:

  • # of companies onboarded

  • # of companies using this tool in Catalyst

    [FEASIBILITY] Please provide a detailed budget breakdown.

Budget:$19500

Content creation: $7500 USD

Creating the content and documenting the process and onboarding 10 companies.

Research: $8000 USD

10 sessions, 1 with each company for 2 hours x 2 team members $200 per session = $2000

Research to develop a framework to evaluate the impact of the companies X 100 hours X $50 per hours = $5000

Translation: $1000

Tool Development: $4,000

Development of the Impact Measurement Tool. $35 an hour for 114 hours paying an AIM team member or another member from our large community.

The total pot is 200,000 USD so we are asking for 9.75% of the pot, with a ROI that can have a far larger positive multiplier effect.

[FEASIBILITY] Please provide details of the people who will work on the project.

The team is collaborating together on various projects and community activities for the last 6 months and more intensively for the last 3 months. This gives high confidence on the collaboration of the team also for this proposal.

Yoram Ben-Zvi, partnership lead: https://www.linkedin.com/in/yoram-ben-zvi-446836

A social entrepreneur. In the last five years, Yoram is focusing on combining impact and business. A mentor with international board, operations, and startup experience. Yoram is an active catalyst member, CA, and part of the Cardano4Climate community. In Addition, active in promoting the Catalyst and Cardano community to impact companies and networks to connect them to the ecosystem (i.e. seedstars.com)

Cole Bartlett: https://www.linkedin.com/in/cole-bartlett

Is a recent UNITE 2030 Youth Delegate, a recent graduate in Economics &amp; Sustainability, Founder of Sustainable ADA, Contributor for Positive Blockchains, Blockchain &amp; Sustainability Researcher, &amp; Social Entrepreneur, Ecoquest Education Foundation - Sustainability Research, B Impact Clinic part of UNH's Changemaker Collaborative - Kikori, Sustainability Splash Program Organizer, Bronze UNH Sustainability Award Winner

<https://www.linkedin.com/in/cole-bartlett>

https://twitter.com/cole_vt

Razali Samsudin:

14 years of experience as an interdisciplinary Educator from early years settings to postgraduate level, with a background in social sciences, humanities, and sustainability. Freelance Writer, Editor, Digital Economy, Blockchain, Sustainability and Impact Measurements Researcher (#Blockchain4Good, #Cardano4Good, #NFT4Good), Social Entrepreneur, Catalyst Proposal Mentor. Wada UN SDG and Education Coordinator, Co-Founder of Sustainable ADA, Contributor at Cardano AIM, PositiveBlockchain, Cardano4Climate, Catalyst School and Adatruth.

<https://www.linkedin.com/in/razali-samsudin>

<https://twitter.com/SustainableADA>

<https://twitter.com/Razlosophy>

Cardano4Climate.com (C4C) community includes overs 200 members and growing. C4C is organising weekly meetups and monthly events and collaborating with multiple impact communities (i.e. climateneutralcardano.org), companies (i.e. veritree, cardashift) and the Cardano companies (IOG, Emurgo, Cardano foundation)

SustainableADA.com team is focusing on research and communication of impact projects on the Cardano blockchain spreading the word of the work and impact of the Cardano ecosystem

More on Sustainable ADA:

The Sustainable ADA team has experience working with Figma, Canva, Wix, Final Cut Pro, Da Vinci Resolve 17, Adobe CC, Microsoft Products (Word, Excel, Powerpoint, etc).

Sustainable ADA has experience and backgrounds in Sustainability, Economics, Humanities, Social Sciences. Along with work with NGOs, Social Enterprises, Freelance journalism, and blogging.

Sustainable ADA Platform: https://www.sustainableada.com

Recent long term partnership with and members of Cardashift, Positiveblockchain.io, Wada, Cardano AIM, and Cardano 4 Climate, Loxe inc.

**Check out our video:**

Sustainable ADA Vision &amp; Mission - https://youtu.be/CCwpO_I9D5c

Sustainable ADA is a platform that promotes education, inspiration, and sustainable development.

Sustainable ADA is helping connect the dots between Blockchain, Cardano, and Sustainable Development Goals (SDGs) and action on the ground by showcasing case studies of positive progress and potentially valuable opportunities to be unlocked.

This project is carried out by members of Cardano AIM

Cardano AIM (Assembly Inspiring Masses) brings together active Catalyst Community members and currently designs and builds tools that support the community.

Some examples include:

* the popular voter-tool (https://cardanocataly.st/voter-tool/#/)

* the Community Advisor Tools (CA and vCA-tools) (https://cardanocataly.st/ca-tool/#/ &amp; https://cardanocataly.st/vca-tool/#/))))))))

* the community landing page (https://cardanocataly.st/)

* the recent Fund 6 funded proposal Proposer Tool - https://cardanocataly.st/proposer-tool-sdg/#/

AIM continues to focus on developing the best services and tools, by the community, for the benefit of the community.

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

We may propose again to develop a platform to share the impact of the SPOs and tokens on dexs so we can scale this to evaluate most of the tokens on (X) exchange, and track all the active SPOs on Cardano's network.

Work Management:

Cole Bartlett: Cole Bartlett | Work Load Managment

Razali Samsudin:Managing workload: RAZ

Yoram: <https://docs.google.com/document/d/1Hz4uUg4oMJGWugGxblLRtiR5ODfQM5if15YrKnIan9Q/edit#>

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

KPIs:

  • Number of POC trials that can be run with impact-oriented projects

We will measure the number of proof of concept trials with our first 10 impact projects evaluated

  • Time required to validate the impact value

We will do this by tracking the time it takes to evaluate each company and the differences between the projects.

  • How much financial value can be derived from impact-oriented projects

We will show this by comparing the value in a company to their actual impact evaluated with the impact measurement tool.

[AUDITABILITY] What does success for this project look like?

We will show success by addressing and tackling the pain points of the impact ecosystem with the Impact Measurement tool and service. The service is based around the tracking of impact and providing financial attractiveness to impact projects. Our impact oriented solution will help bring more visibility of the impact of companies building around Cardano and will act as a standard for evaluating the impact of blockchain based companies.

Success for this challenge:

We will be showing success by creating the impact measurement tool, and evaluating10 impact companies to help increase transparency and traceability on the impact generated by these specific projects. This will be the first steps into publicly releasing a tool to evaluate impact. From this evaluation we will make changes to the impact measurement tool where we can then publicly share the information of these first projects. Then making this tool available to all in the Catalyst onboarding process.

Success measurements:

3 months:

  • Development of impact measurement tool
  • Partner with supporting and helpful organizations
  • Onboard first 10 companies

6 months:

  • Tool available to the public
  • Integrated into the Onboarding process for new Cardano projects

9 months:

  • Integrate tool into SGT platform

  • Create a portal for projects to be highlights and shared to the world based on the impact they create

    [AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

We have conducted research in the past that will be integrated into these proposals and help us scale the Impact Measurement Tool. We also will be applying our research and doing the first impact evaluations with our chosen framework.

<https://cardano.ideascale.com/c/idea/383628>

From the past work with our White Paper we will be able to develop and provide this open source tool for all so any company building on Cardano can verify their impact generated while operating their business.

Sustainable Development Goals (SDG) Rating

SDG subgoals:

  • 17.16 Enhance the Global Partnership for Sustainable Development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology and financial resources, to support the achievement of the Sustainable Development Goals in all countries, in particular developing countries

  • 17.6 Enhance North-South, South-South and triangular regional and international cooperation on and access to science, technology and innovation and enhance knowledge-sharing on mutually agreed terms, including through improved coordination among existing mechanisms, in particular at the United Nations level, and through a global technology facilitation mechanism

  • 17.9 Enhance international support for implementing effective and targeted capacity-building in developing countries to support national plans to implement all the Sustainable Development Goals, including through North-South, South-South and triangular cooperation

Key Performance Indicator (KPI):

  • 17.16.1 Number of countries reporting progress in multi-stakeholder development effectiveness monitoring frameworks that support the achievement of the sustainable development goals

#proposertoolsdg

Community Advisor Reviews

Impact / Alignment

4.7 / 5
6 Reviews

Does the proposal effectively addresses the challenge?

Community Reviews (6)

Commenter gravatar

This is an excellent proposal that perfectly meets the challenge to develop a tool to measure and value impact. Developing a model for Impact evaluation of companies provides a great way to assess proposals funded in previous rounds and check whether or not they’ve delivered the promised results, establishing a level of trust that is currently lacking in the ecosystem. The proposal points out what’s lacking in the current system and provides a simple yet effective solution which is based on previous work and research.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_3879
Total QA Ratings
6
QA Rating Outcome
Good
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A project that is made with detailed and clear planning details becomes the main basis for convincing investors to want to invest, but the current system does not provide flexibility for investors to track project progress, effectiveness with clear impact measurements, and especially for Sustainable Development Goals SDGs. So we need a measuring tool to help measure for companies to help define KPIs, measure, verify and report them, with a focus on SDGs impact. These tools are needed for the Cardano community because they have done a lot of funding from the catalyst project but there are no tools to measure success other than the data provided by the proposer. Making these tools can help investors could use the info as support for their engagement with the company. Its application can extend not only to the cardano ecosystem, but also to penetrate other industries to introduce blockchain technology that implements a transparent and trust system.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_3362
Total QA Ratings
5
QA Rating Outcome
Good
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The proposal clearly establishes a practical method of following up on the impact of companies or projects. This would facilitate the tracking of funding and the acquisition of support for good projects and companies who are focused on "making this a better world for all". The proposal is directly aligned with Cardano goals and would be beneficial to the Cardano ecosystem as a tool for assessment and for broader clarity on how Cardano is being used as an instrument of change. The KPIs are clear and task oriented with specific area of research and consequent development of the tool clearly set out and explained. The problem and solution have been thoroughly considered and are discussed in a clear and comprehensive manner. This assessment tool could definitely be scaled up as it could be used for all Cardano related initiatives and would continue to be relevant and useful.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_3085
Total QA Ratings
5
QA Rating Outcome
Good
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Tools like this are invaluable to making businesses more transparent to investors and future investors, not only on cardano, but in business as a whole. The fact is, Cardano is quickly bridging the gap between blockchain and the real world with it's solutions. We need tools and metrics that we can show real world investors that are not as deep into the ecosystem as most of us today that participate are. The easier you make it to access information like this, the easier it will be to reach out to the person that has never earned crypto. Building trust through metrics is one of the biggest things, in my opinion, that we should focus on as Catalyst. Giving developers like your team the funding to create tools like this will be what sets us a bar above the rest.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_2895
Total QA Ratings
6
QA Rating Outcome
Good
Confirming your humanity

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If implemented in a way that gathers and responds to ample feedback from the projects being evaluated and from other potential customers of the product I believe the project has the ability to be quite "impactful". Establishing a methodology for evaluating impact that actually gains traction in the community is something that would benefit everyone,

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_2373
Total QA Ratings
3
QA Rating Outcome
Good
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While I do agree in theory with this proposal, I see some potential issues, and I hope they won’t fire back. Personally, as a Catalyst proposer myself, I don’t use the SDG tool often when submitting proposals. I have used it for some of them, but not for all. I read what it was about at first, but I couldn’t bring myself to paint an additional layer over the proposal to make it more appealing for reasons that were not the main focus of it, but rather a by-product. Personally, I agree with all SDG goals and am striving to make everything I do as impactful as possible. But I don’t like bragging about it and I imagine others might not either. Another reason why I’m a little bit sceptical is that setting clear filters on how proposals or projects will be evaluated, could put some of the most impactful, resourceful and innovative projects at a disadvantage. That can happen if they don’t manage to tick the boxes that will put them in front of others projects, that do tick a lot of the SDG goals but don’t have any innovation to offer, just another recycled idea that usually gets good grades and funding. Web3 is about innovation, decentralisation and about breaking free from the rules by providing full transparency. I think an important aspect to remember, is that in this space DYOR has an important meaning, that should be applied perhaps in this case, as well. While this tool could provide meaningful insight into some companies, it could also be used to detract from some activities being perpetrated by others. But the proposal fits quite well in the challenge parameters and I do want to see how this plays out. I hope that my feedback will lead to some conversation amongst the team members and help them further refine it. I will be watching how the evaluation will work out for the first 10 companies and then how the Cardano community will be judging their accomplishments.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_2192
Total QA Ratings
12
QA Rating Outcome
Good
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Feasibility

4.7 / 5
6 Reviews

Given experience and plan presented is likely that this proposal will be implemented successfully?

Community Reviews (6)

Commenter gravatar

A link to a white paper (Impact measurements platform) prepared by the team and funded in fund 7 is provided which shows they have already done the groundwork to carry out the proposed solution. The team has also built a SDG Proposer Tool to measure impact which they aim to develop further in this round. They provided a timeline and the deliverables for each stager are clear. The budget breakdown clearly shows how the funds will be allocated and is reasonable.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_3879
Total QA Ratings
6
QA Rating Outcome
Good
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They will take the first steps in providing a valuable service to investors by measuring the impact of 10 companies with a mission centered around impact building on Cardano. With the support of the Cardano community, it will allow them to continue the development of the model found in the Impact Measurement Tool whitepaper. This will allow them to finalize the structure of the Impact measurement tool and allow them to start the next steps of the process where they plan to track and trace the impact of companies on Cardano and use the research to finalize a model and create the impact measurement tools. They also plan to integrate this tool into the Cardano onboarding process. This will allow companies beginning to build on the Cardano track and measure their impact so that they can give another layer of validity to the Cardano project Catalyst project. This team has strong capabilities in carrying out its activities, especially their leader, Yoram, who has been focusing on combining impact and business for 5 years. A mentor with international board, operations, and startup experience. Yoram is an active catalyst member, CA, and part of the Cardano4Climate community. In Addition, active in promoting the Catalyst and Cardano community to impact companies and networks to connect them to the ecosystem (i.e. seedsstars.com) and of course assisted by other teams who have expertise in their respective fields who can help sustain this project.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_3362
Total QA Ratings
5
QA Rating Outcome
Good
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This project is being run collaboratively by a large number of capable individuals, as discussed in the proposal. There is evidence of long term commitment and ongoing teamwork as they have been working together on the white paper which is clear and informative. With this in place, feasibility is high and there seem to be no real barriers to success being achieved. The budget provided is comprehensive and broken down adequately. The names of companies to be included in the research are not mentioned but this is seemingly not a problem as they have access to the broader Cardano community and it is likely that many organisations would be willing to be involved. The nature of the impact measuring tool is not explored. I assume this will depend on the information gathered and the design decisions reached - probably a proposal in the future! Risk mitigation is included but it seems the biggest concern is that the Cardano community will not be interested in ascertaining the impact of projects - this seems highly unlikely.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_3085
Total QA Ratings
5
QA Rating Outcome
Good
Confirming your humanity

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Your team has been funded in multiple funds prior to this, so I feel comfortable giving you the funding for this proposal as well. Not only will it be money well spent, but it will in the end bring access to more people in the world to crypto. The plan you have in place seems to be well thought out, and your white paper is very detailed, yet concise. The open-source nature of your work is what makes cardano so special in the world of blockchain, and to see you carry on that legacy is a big plus for me as a PA. You stated in your auditability section "We have conducted research in the past that will be integrated into these proposals and help us scale the Impact Measurement Tool. We also will be applying our research and doing the first impact evaluations with our chosen framework." What I gathered from this was your team has the experience and research in many facets of our ecosystem, that will help you flesh out a better product for the cardano ecosystem. I gave your team Kudos for this proposal, as this is what will grow us as an ecosystem sustainably. The projects you are working with, and the projects you will be using as your baseline are certainly impressive. I love to see collaborations with the projects in the ecosystem that are designed to help to make the world a better place. That is exactly why I am here!

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_2895
Total QA Ratings
6
QA Rating Outcome
Good
Confirming your humanity

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The project does not seem terribly difficult to formulate on the surface. The reason I give the feasibility a three is because to do it "successfully" would entail it gaining traction and use, and for that it should be seen as legitimately bringing to light genuine impact (where it exists) for the projects it evaluates and it should be both clearly understandable, have clear indicators and be useful across a wide variety of project types. From my perspective the Phase 2 could likely bring about a LOT of information not forseeable in Phase 1 and it would be a great opportunity to refine method and assumptions. Because I do not see this in the road I'm giving it a three, however this is something the team can easily adjust if they win funding.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_2373
Total QA Ratings
3
QA Rating Outcome
Good
Confirming your humanity

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The implementation plan and timeline are very comprehensive and clear. The project will be divided into 3 phases, with clear action points and a reasonable timeframe dedicated to each. The budget is very detailed as well, the team has divided it into 3 main activities, content creation, research and tool development. Each of them is clearly described, with clear tasks accompanied by numbered amounts and hourly rates. They all seem to add up, and the rates provided seem to be in the range of what I am familiar with across the community. When reading the members' descriptions, I find that there is nothing missing from their answer provided. They have included the names, descriptions and LinkedIn profiles of all team members. We know their past activities in the Catalyst community but also their outside skills. Given all the details provided, I find the feasibility section remarkably well written, and as such, I will rate it a 5.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_2192
Total QA Ratings
12
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Good
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Auditability

4.7 / 5
6 Reviews

Does the proposal provides sufficient information to assess and audit progress and completion?

Community Reviews (6)

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The proposers aim to measure the success of their proposal by evaluating the impact of 10 projects they aim to work with by providing them with a model to verify progress. The detailed timeline clearly points out what they hope to achieve at each stage which makes it easy to keep track of. They also have a clear way to measure financial value of impact-oriented projects by comparing the value in a company to their actual impact evaluated with the impact measurement tool they’re developing.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_3879
Total QA Ratings
6
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Good
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The roadmap/milestone stage will be in 3 phases with a total of 14 weeks of work. The main concern is the talk with the Catalyst team to integrate our tool into the onboarding form for funded proposals and businesses, and Integrate into the SGT platform. The KPIs for this project are the number of POC trials that can be run with impact-oriented projects, Time required to validate the impact value, and How much financial value can be derived from impact-oriented projects. This project was successful by creating the impact measurement tool, and evaluating 10 impact companies to help increase transparency and traceability on the impact generated by these specific projects. This will be the first steps into publicly releasing a tool to evaluate impact. From this they will make changes to the impact measurement tool where we can then publicly share the information of these first projects. Then making this tool available to all in the Catalyst onboarding process.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_3362
Total QA Ratings
5
QA Rating Outcome
Good
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The proposal has a clear timeline with measurable outcomes. The measure of success will ultimately be the existence of the tool for impact measurement which will be available to the Cardano community and be used by "all in the Catalyst onboarding process." There is transparency and access to the project which is highly collaborative in nature. The team are invested in the expansion of Cardano and the proposal is rooted in meeting the broad objectives of the Cardano community with regard to creating change , awareness and improved ways of being on a global scale. This proposal ticks all the boxes.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_3085
Total QA Ratings
5
QA Rating Outcome
Good
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I gave you guys 5 stars in this section because of the fact that your proposal is so well thought out. There are a few pointers that I can give as a Project Ambassador of a socially driven project being built right now called Chain Lobby. Although we will be able to see your work through the tool and the website you are creating it through, I would like to see you build out a social media presence. If you record some of your progress and regularly upload it on YouTube, Facebook, and/or Twitter, and maybe even reach out on reddit, you could increase community awareness for what you are trying to achieve. I would like to see you guys dedicate at least a little time to helping the community get more eyes on what you are doing, so in turn the community can help bring awareness to what you are trying to achieve. As a result of building now, while you are building the tool, I believe you will have an easier time having your tool quickly become a standard in the Cardano ecosystem. A tool is as only good as the awareness around it, after all. I just know that with the ease and power that social media brings, it could be a total boon to your project long term. I wish you guys the best and great proposal!

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_2895
Total QA Ratings
6
QA Rating Outcome
Good
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A much clearer metric for the success of this project from my perspective would be the percentage of projects that find the tool valuable enough to rate it above a 3 in a blind survey or something that gather honest feedback. In terms of financial value, the teams perhaps leaves "value" on the table by not clarifying how this could be monitized (e.g potentially, once clearly refined and having establised a sense of legitimacy with big actors in the cardano community, offering paid certification of impact rating or even offering impact audits to those projects looking to set themselves apart from competitors with 3rd party verification of impact).

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_2373
Total QA Ratings
3
QA Rating Outcome
Good
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I find the KPIs offered in the progress measurement question to be a reasonable answer. The task of the proposal will be to evaluate 10 companies/projects and as such, for the progress they will be measuring the number of POC trials, the time needed to validate the impact value and what the financial value is from the impact-oriented project. What I would have liked to see, is how and where will the team be keeping track of all these? In a spreadsheet posted on their website? Some clear infographics? That would have eased the community’s ability to gauge the advancement of the proposal. The success goals are also well defined, they are grouped into 3,6 and 9 months each with different measurements, that show the clear vision the team has regarding their project. As such, I see no impediment in assessing this proposal for progress or success, thus I will rate it a 5.

Assessment Quality Assurance

Assessment Quality Assurance is an offered role to veteran in the Cardano Project Catalyst Community. The purpose is to review PA assessments of proposals, providing a second layer of Quality Assurance.

Assessor ID
z_assessor_2192
Total QA Ratings
12
QA Rating Outcome
Good
Confirming your humanity

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