Why is it important?

$5 trillion is needed, annually to achieve the SDGs by 2030. It might be the biggest OPPORTUNITY for Cardano technology.

What does success look like?

Attracting impact entrepreneurs and companies to build on Cardano Both technical and non-technical entrepreneurs are welcome.

Key Metrics to measure

Tracking success will mean:

• Increasing the number of impact-driven companies, projects, and entrepreneurs onboarded to Cardano
• Increasing the technology development of impact-driven solutions
• Increasing the use cases involving Cardano technology and communities
• Increase the number or quality of the standards, resources, and research that support Cardano as the leader of the impact-driven blockchain and the place for impact-driven companies
• Increasing the number of impact-driven community members
• Increasing the number of impact-driven community investors and investment funds

Some KPIs to measure for the proposal

• Number of technology solutions building on Cardano

• Number of tech developers connecting to entrepreneurs

• Number of newly onboarded impact-driven companies, projects, and entrepreneurs

• Tools being built for verification and measurements of impact

• Research and analysis demonstrating Cardano as an impact-driven blockchain

• Attractiveness to impact investors and impact finance initiatives

  Challenge brief

According to the World Economic Forum, between $5-$7 trillion USD is needed, annually to achieve the SDGs by 2030. The need for new solutions and ways to get more investment directed toward the SDGs is as urgent as ever.

Currently, “the world is in danger of missing crucial sustainability goals, but the provision of funding can get things back on track”… “investment is sorely needed, especially in emerging markets which tend to be disproportionately impacted by climate change”.

<https://www.weforum.org/agenda/2021/01/the-sustainable-development-goals-can-get-back-on-track/>

Our current systems are inefficient at allocating these resources with a widespread lack of transparency, community trust & impact on a global scale. Centralized solutions being proposed and implemented by world leaders fail to work for everyone and often prove ineffective.

We believe that a focus on SDGs positions our community to help facilitate change on many fundamental challenges. While not the only arena where ecological crises manifest, Climate is a strong proxy for many of our time’s political, economic and social issues. Goals such as sequestering carbon in soil and reversing desertification have countless benefits to biodiversity, food security, economic opportunity, meaningful livelihood, and human health.

Blockchain and cryptocurrencies are the evolution of a decentralized and transparent ecosystem. We are active in Cardano because it does more. Cardano is a platform built for a sustainable future, to help people work better together, trust one another, and build global solutions to global problems. Cardano is a fork in the road. It takes us from where we’ve been to where we’re destined to go: a global society that is secure, transparent, and fair, and which serves the many as well as the few.

“Making The World Work Better For All. Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibilities for the many, as well as the few, and bring about positive global change.” Source: <https://cardano.org/>

With enormous risks come enormous opportunities for new models and ecosystems to solve this wicked problem. By combining the evolving blockchain technology of Cardano with solutions and models for the SDG, we will make the needed impact, now and for decades to come. Together, we have the ability to stop the downhill degradation and harm to the planet and bring about regeneration as the social and economic foundation for current and future generations.

It is already started and many impact companies are coming on board to build on Cardano building the use cases in multiple global industries.

• Agriculture & food supply chain
• Microfinance and financail inclusion
• Carbon markets
• Energy
• RealFi
• Conservation initiatives
• Mentoring entrepreneurs in developing countries
• NGOs & UN organisations

Blockchain technology provides decentralization, transparency, traceability, Defi systems, DID…all aligned with the objective of impact companies and enrepenuers and this challenge will serve as a showcase.