Please describe your proposed solution.
Havuta’s data collection app allows NGOs to quickly collect data from the beneficiaries of their programs through digitally delivered surveys and verify their impact through blockchain transactions. Beneficiaries are rewarded a digitally delivered incentive for completing surveys, also using blockchain and Havuta’s native HIE tokens.
Our primary target market is the health and education segments of the development sector, which is roughly US$29.3 billion/year in size. To err on the conservative side, this excludes non-DAC aid ($60 billion.annually) and U.S.-based informal philanthropic, corporate, and household charitable donations ($390 billion/annually).
The United Nations estimates that there were about 35,000 large established NGOs in 2000. According to the OECD, in 2017 total gross publicly funded aid given by OECD Development Assistance Committee (DAC) member countries and EU Institutions to developing countries was $160 billion. Of the total development funding granted to developing nations, 18.3% was targeted to health and education. Development actors currently spend between 5 and 8% of their budgets measuring their outcomes to produce impact evaluations: giving it a size between $1.465 to $2.344 billion annually.
The impact for NGOs will be enormous. We aim to cut M&E (monitoring and evaluation) budgets so that smaller NGOs can have access to impact data, larger NGOs can do more impact studies and longer-term studies, and effective impact-oriented organisations will be able to raise more funds because their impact is verified by blockchain technology and is transparent.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
This proposal will bring potentially millions of new users to the Cardano network. Major NGOs work with hundreds of thousands to millions of people. For example, Action Against Hunger works with 8 million people in Nigeria alone at any given point.
The proposal will also place Cardano at the forefront of the blockchain-for-impact and SDG narrative, potentially attracting more dApps to its platform in the future as entities/applications coalesce around the same network.
The incentive mechanism we have also allows for DeFi applications to be added to our App in the future.
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Risks include a lack of funding as we develop market readiness and adoption in the market. The development sector can be slow to adapt to change, and there is a risk that those in the sector will be resistant to change. In order to address this, we will be (and currently are) working with large, reputable organisations in trial implementations of the Havuta app for data collection on a pro bono basis, in order to develop our profile in the sector and validate our product offering.