Please describe your proposed solution
Solution:
Close the sustainability finance gap, by equipping NGOs, and impact organisations with web3 tools, to help accelerate and measure their positive impact.
<u>Pre-Funding Activity </u>
We Have Already Demonstrated the Proof of Concept with Proof of Impact Platform (PIP):
We 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:
- <https://pip.nmkr.store/>
- <https://www.nmkr.io/drops/cardano-impact-report>
- https://x.com/nmkr_io/status/1682782371542597633?s=20
- 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>
Proof of Impact Platform (PIP) is a software as a service (SaaS) solution, aiming to help people support the causes and actions carried out by grassroots communities, activists, NGOs, and impact associations.
The primary products are an easy-to-use web app to upload Impact KPI data. Along with a Cardano-powered platform that enables individuals and organizations to support NGOs and impact associations, join a community via Domino DAO, 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 purchasable Art as Activism pieces (Proof of Impact NFTs). Each art piece shall contain metadata connecting users to evidence of the positive impact they have contributed towards.
<https://youtu.be/O1OsInyBgxc?si=FPHgJ-se6XHGAlkz>The PIP MVP will be comprised of:
Impact Data Submission Portal:
- Companies and projects 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 Database.
Impact 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 Art Proof of Impact NFTs through the metadata on-chain
- The dashboard will also act as a place for users to support Rimba (e.g Purchasing a Rimba art piece by minting a Proof of Impact NFT) get an NFT, and follow their impact journey by receiving updates
Link to Rimba Dashboard: <https://iw3-rimba-dashboard.netlify.app/>
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 is to enhance, test, and expand this work so we can scale Impact Web3 and PIP.
This will enable us to onboard more organizations globally to Cardano and web3.
We have been very busy at both Impact Web3 and Sustainable ADA. Over the past four years, we have been creating partnerships and developing relationships to assemble the puzzle pieces, and help grow and develop a 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 are 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.
We have been very busy at both Impact Web3 and Sustainable ADA. Over the last three years, we have been creating partnerships and developing relationships to find the puzzle pieces to create the Sustainable Blockchain ecosystem and community we have been dreaming of. From all of our research, evaluation, and learning we have set ourselves up for the next step in the journey.
<u>About Impact Web3</u>
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 creating disruptive positive impact around the world. All of our initiatives are focused on helping show the importance of prioritizing sustainability and regenerative web3 projects that solve actual real world problems.
Another project under Impact Web3 is the 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 also is to help create a community of impact investors to help support impact project in the Cardano community and connect them with the evaluators and projects themselves. 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 Web3. This project is focused on developing a platform that can verify and quantify the impact of sustainability projects, making it easier for investors and other stakeholders to assess the social and environmental impact of their investments.
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 job opportunities and adding roles for community members who want to support or just are interested in earning a wage. By helping companies track, trace, and verify their impact.
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, and unite Blockchain for Good projects across web3. We build on Cardano as it is the first and leading Sustainable Blockchain for Impact, as demonstrated in the Cardano Impact Report 2023.
- <https://sustainableada.com/cardano-impact-report/>
Why we need Impact Web3 as part of the Cardano community:
Vision:
Our vision at Impact Web 3 is to create a world where sustainability and positive impact are at the forefront of technological innovation. We aim to leverage decentralized technologies to empower individuals and organizations to work together to create a more sustainable and equitable future for all.
Mission:
At Impact Web 3, our mission is to build and manage decentralized technologies that enable positive impact and sustainability initiatives. We strive to provide educational content and raise awareness about the importance of prioritizing sustainability in web3 projects through our Sustainable ADA platform. Our Domino DAO aims to promote social and environmental impact through blockchain-based governance and allow community members to take part in impact evaluation.
We work towards developing a platform, the Proof of Impact Project (PIP), that can verify and quantify the impact of sustainability projects, making it easier for investors and other stakeholders to assess the social and environmental impact of their investments. Our projects work together to create a comprehensive ecosystem and community that can help drive positive impact and sustainability initiatives forward.
<u>Impact Measurement X Proof of Impact NFTs X Impact Portfolios</u>
- 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.
Proof of Impact NFTs
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, that 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 overtime 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>Post Funding Activity & Next Steps</u>
Further expanding Impact Web3 - an ecosystem of products and tools that support one another in creating larger ripple effects of positive social and environmental impact.
Impact Measurement & Investing: Proof of Impact Platfrom (PIP)
- Finalize White Paper
- Onboard new members to the team
- Pilot with another NGO - Yagazie Foundation
- PIP V2
- Create Dynamic Proof of Impact NFTs (CIP-68)
- Update and recreate Impact Project Dashboards
- Develop an investor/supporter public dashboard
The funding will allow us to scale the Impact Web3 Ecosystem. We are working on developing partnerships that would enable us to onboard 1000s of NGOs onto Impact Web3’s Proof of Impact Platform.
The Proof of Impact Platform (PIP) will be a SaaS company aiming to help citizens 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 blockchain-powered platform that enables individuals and organizations to support NGOs and impact associations and get rewarded for their actions.
PIP will use blockchain, NFTs, 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.
Scale PIP to be able to onboard 100s-1000 of NGOs and Impact Projects
- Partner with Anvil or another similar company
- Create Dashboards for multiple NGOs
- Minting integration
- Simple Wallet Integration
- Staking NFTs
- Claiming Rewards
- View Public Portfolios
Web2 User interface and easy connections:
Example of a Dashboard:
(Note: Concept for future integration of PIP - IW3)
With funding through Catalyst, we will be able to take our current model for PIP to the next level. This will take important steps for us to reach success. But based on our current progress and past experiences in the Cardano ecosystem, our teams and partners have the skill set to undertake this mission.
(The Next Steps can be found in the Milestone section of the proposal)