Impact Measurement of SPOs

[GENERAL] Name and surname of main applicant

Sustainable ADA

[GENERAL] Email address of main applicant

sustainableada@gmail.com

Additional applicants

Razali Samsudin

Cole Bartlett

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

12

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.” .

No dependencies

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

Project will be fully open source

[METADATA] Category of proposal

SPOs

[METADATA] SDG rating

SDG 4: Quality Education for all

SDG subgoals:

SDG 4.7

4.7 By 2030, ensure that all learners acquire the knowledge and skills needed to promote sustainable development, including, among others, through education for sustainable development and sustainable lifestyles, human rights, gender equality, promotion of a culture of peace and non-violence, global citizenship and appreciation of cultural diversity and of culture’s contribution to sustainable development

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

[IMPACT] Please describe your proposed solution.

We propose to create the SPO Impact Measurement Tool with our Proof of Impact Platform. A comprehensive tool to track and trace a SPO's impact. This will help capture and showcase the positive impact generated by the SPOs running and securing the Cardano ecosystem.

Measuring the Impact of SPOs

We have been developing an Impact Measurement model for a few funds now. Within the last two years we have been able to partner with ecosystem projects and non blockchain projects. This has allowed us to find new opportunities and ways of collaborating with specific teams. We are currently at a point where we have the key partnerships and ecosystem support where we are able to take the next steps to develop the Impact Measurement Tool via the Proof of Impact Platform.

Our vision is to create a service for Cardano ADA holders to better understand and measure the impact of SPOs through the impact measurement tool. The overarching goal is to create this tool that measures an NGO or impact Association's work, and extend the service to evaluate SPOs impact.

 

The tool will be a valuable asset todiverse multisectoral stakeholders, ranging from investors and SPO delegators, and project supporters. The tool will support in enabling greater transparency and trust for the companies and SPOs building on Cardano.

The Proof of Impact Platform extending into measuring SPOs Impact enables a new level of trust for ADA holders. This is a tool that will bring lots of value to the Cardano community, and greater blockchain space. This tool also has the opportunity to onboard many new people into the blockchain and crypto ecosystem, but specifically the Cardano blockchain.

Tracking the impact of SPOs in the Cardano ecosystem is something the community doesn't easily have access to, nor is it something currently being done in the wider web3 ecosystem with stakepools and protocols that have staking.

It is hard to follow and track the impact of a stake pool and those ADA holders are supporting through delegation. Sustainable ADA are taking the next steps to help community members track and trace the impact of SPOs building on Cardano.

To create a strong impact measurement platform via Proof of Impact Platform (PIP) we plan to finalize the development of our model for impact measurement. We will do this following past research with the impact measurement tool, and by extending the research to focus on the impact of our Cardano community SPOs. This integration to the platform will give ecosystem stakeholders the opportunity to have insights into the impact of their delegation and the contributions they are having on the world and people around them.

Impact measurements platform (inc. whitepaper)

Continue the development of the impact measurement tool from our funded proposal in fund 7 the ‘Impact Measurement Tool’ (https://cardano.ideascale.com/c/idea/383628). We will be building PIP the Proof of Impact Platform to turn all of our past research into a working product for businesses and projects wanting to track, trace and prove their impact.

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

Key Details from our Research:

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 completed research, and a fund 10 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 stakeholders such as ADA holders and delegators, and impact investors by measuring the impact of 10 SPOs with a mission centered around the impact they are having in the real world.

• Collaborate with 10 SPOs to evaluate their impact 

(Ex. CO2POOL, ECO Pool, SHIFT, Goma SPO, GAIA Stake Pool…)

Creating an evaluation model to track Stake Pool Operators' impact and how they are helping make Cardano the Blockchain4Good. Showing both the pros, and cons on how they are impacting the environment, and if they are trying to offset their footprint or work toward social change.

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 start the next steps of the process where we plan to track and trace the impact of SPOs on Cardano and use the research to finalize a model and create the impact measurement tool.

We will conduct the research to find the optimal way to measure a SPOs impact.

By evaluating these first 10 SPOs 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 wider community.

Our service will have an impact on the Cardano community and stake pool delegators already a part of or entering the Cardano ecosystem. For instance, community members who want to make sure the pool they delegate to and support is working towards positive change and creating a good impact on their communities, and the planet, will find this initiative helpful.

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

Addressing the Challenge:

The proposed solution directly addresses the challenge by focusing on measuring and tracking the impact of SPOs in the Cardano ecosystem. It aims to fill the gap in accessing and evaluating the impact of SPOs, allowing stakeholders and investors to make informed decisions when supporting or delegating to SPOs. The Impact Measurement Tool within the Proof of Impact Platform will provide a comprehensive framework to assess and verify the impact generated by SPOs, enabling greater transparency, accountability, and understanding of their impact on the Cardano community both socially and environmentally.

Benefits to the Cardano Ecosystem:

• Enhanced Transparency and Trust: The Impact Measurement Tool will provide a transparent and trustworthy mechanism for evaluating and showcasing the impact of SPOs. This will attract more stakeholders, investors, and delegators to Cardano, knowing that their contributions are making a positive difference in the world.

• Informed Decision-Making: By measuring and reporting the impact of SPOs, the tool will empower stakeholders to make informed decisions when delegating their ADA to SPOs. Delegators can choose SPOs aligned with their values and impact goals, promoting alignment with sustainable development and social impact objectives.

• Sustainable Development Focus: The tool's focus on impact measurement aligns with Cardano's values-driven approach and commitment to sustainability, regeneration, and social impact. It reinforces Cardano's position as a blockchain platform driving positive change and attracting projects and individuals who share these values.

• Community Engagement and Collaboration: The Impact Measurement Tool encourages community collaboration, as stakeholders, SPOs, and project leaders can contribute their insights and success stories. This fosters knowledge exchange, collaboration, and innovation within the Cardano ecosystem, which helps strengthening community bonds.

• Onboarding New Participants: The Impact Measurement Tool, along with the Cardano Impact Report, aims to inspire individuals, organizations, and projects to adopt a "Proof of Impact" mindset. With Proof of Impact data on SPOs we can take this a step further. This can attract new participants to the Cardano ecosystem who are motivated to create positive change and contribute to sustainable development goals.

Our solution helps bridge the gap in measuring and evaluating the impact of SPOs in the Cardano ecosystem. It brings transparency, accountability, and trust while aligning with Cardano's values and attracting stakeholders who value sustainability and social impact. 

By empowering delegators and highlighting the positive contributions of SPOs, the solution strengthens the Cardano community and fosters a vibrant and impactful blockchain ecosystem.

[IMPACT] How do you intend to measure the success of your project?

We will be looking to measure the following KPIs:

• number of of SPOs onboarded to collaborate 
• number of community members using this tool to measure SPO impact
• number of SPOs who submit data

We will show success by addressing and tackling the pain points of the impact ecosystem with the Impact Measurement tool and PIP, expanding it to the SPOs operating on Cardano. 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 demonstrate success by creating the impact measurement tool of SPOs as an extension to PIP. 

We will start with evaluating 10 impact focused SPOs to help increase transparency and traceability of the impact generated by these specific stake pools. These will be the first steps into publicly releasing a tool to evaluate SPO impact by conducting research to follow through with our goals. 

From this evaluation of initial pool of SPOs, we will be able to test the tool and make necessary adjustements to the impact measurement tool. We can then publicly share the information garnered on these first SPOs.

We will then be making this tool accessible to all the SPOs operating on Cardano.

Success measurements

3 months:

• Development of impact measurement tool
• Partner with supporting organizations 
• Research new model for measuring impact of SPOs
• Onboard first 10 SPOs

6 months:

• Tool available to the public and all Cardano SPOs
• Integrated into a Cardano community tool (ex. Pool.pm, or pooltool)

9 months:

• Integrate tool into PIP platform helping community members delegate towards these impact SPOs
• Create a portal for SPOs to be highlighted and promoted to the wider world based on the impact they create and goals for Cardano

[IMPACT] Please describe your plans to share the outputs and results of your project?

We plan to share updates for each milestone's completion through our social channels and our website. We will also give updates on the KPI to help the community have a simple way to track our outputs.

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 SPOs evaluated

• Time required to validate the impact value 

We will do this by tracking the time it takes to evaluate each SPOs impact and the differences between the stake pools 

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

We will show this by comparing the delegated ADA value in a stake pool to their actual impact evaluated with the impact measurement tool.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

We have been a part of the Cardano ecosystem since 2020 and helping educate community members on the connections Cardano has to sustainability and social and environmental impact.

The Cardano Impact Report 2023 is a testament to how dedicated the Sustainable ADA team is to helping grow and expand the Cardano ecosystem.

https://sustainableada.com/cardano-impact-report

Sustainable ADA are a registered LLP in USA

Sustainable ADA is expanding under the framework of Impact Web3. Sustainable ADA will be an educational partner and key part of the Impact Web3 ecosystem.

Pre-funding activities: 

We have had a lot of success while growing Sustainable ADA over the last few years. We have been closely connected to the Cardano community through our Project Catalyst proposing experience. 

Learn more about all of our past funded projects here: https://sustainableada.com/catalyst/

Sustainable ADA has created: 48 individual stories on projects building in the Cardano community and making the world a better place.

More info here: https://sustainableada.com/news/

Sustainable ADA also created the Cardano Impact Report where they highlighted over 65+ Impact Project buildings on Cardano to make the world more sustainable and equitable for all. 

Free Version can be found here: https://sustainableada.com/cardano-impact-report/

More work we have taken part in:

Impact Measurement research: https://www.canva.com/design/DAFC7zRNrdg/em1s_yQDnNU6sPW6KJ8hnA/view?utm_content=DAFC7zRNrdg&utm_campaign=designshare&utm_medium=link&utm_source=publishsharelink

Positive Blockchain Cardano Integration and Project Catalyst Support:

https://positiveblockchain.io/

Partners, advisors and supporters:

Dr Mihaela Ulieru - Chief AI Alchemist SingularityNET | Former Head of Strategic Impact at IOG

https://www.linkedin.com/in/mihaelaulieru/

Alex Ross - Talk to Loop Lead | Former International Director of Programs and Partnerships at British Red Cross

https://www.linkedin.com/in/alex-ross-61453a3b/

https://talktoloop.org/

Sunny Basra - CEO of SoundRig

https://www.linkedin.com/in/sunnybasra/

https://linktr.ee/soundrig

Affendi Samsudin - Co-Founder at Streets of ADA - A Samsudin Brothers Projek team

https://twitter.com/TR1PL7

https://asamsudinbrothersprojek.gitbook.io/streets-of-ada/

Alain "Fusion" Clapham - FRSA | Curator | Educator | Public Speaker | Facilitator

The self-professed ‘Transformative Storyteller’ has presented shows for MTV and Sky, hosted events at Wembley Arena, interviewed the likes of Beyoncé, Dr Dre and Marvel-mastermind Stan Lee, and shared his story on the TED stage.

An experienced public speaker, educator and creative producer, he is now a lead facilitator for YouTube, empowering thousands of young people to become better Internet Citizens, and helps award-winning CEOs discover their own stories of transformation.

The driving force behind creative currency initiative #IITSPIRATION and founder of BMT and BWT – an immersive live experience celebrating the ‘awesome everyday’ stories of black men and women - Alain takes on all challenges with irrepressible energy, curiosity and a desire to get to the heart of the matter.

https://www.linkedin.com/in/alain-fusion-clapham-b8824b29/

https://www.instagram.com/iitstagram/?hl=en

https://www.instagram.com/bmtstories/?hl=en

Sarah Margono-Samsudin | International Development Practitioner - Education for Sustainable Development Section@UNESCO and Secretariat Member of Mission 4.7 Organisation -

https://www.linkedin.com/in/sarah-margono-samsudin-a1b41b99/

Fabrizio Shao - Adaptive Athlete | Disability Advocate | Web3 Brand Ambassador

https://www.linkedin.com/in/fabrizio-shao/

https://www.instagram.com/tv/CYHlrYXIEwC/ - Cardano Summit 2021 Keynote Speaker

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

Our goal is to support the ADA holding community, and delegators to stakepools by filling the gap in knowledge and facility of accessing and evaluating the impact of SPOs, allowing stakeholders and investors to make informed decisions when supporting or delegating to SPOs.

The Impact Measurement Tool within the Proof of Impact Platform will provide a comprehensive framework to assess and verify the impact generated by SPOs, enabling greater transparency, accountability, and understanding of their impact on the Cardano community both socially and environmentally.

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Milestones for this proposal:

Mile Stone 1 Month 1-4: Research model for measuring SPO impact

 

This phase includes: Finalizing PIP V1 + SPO Edition

• Start the research for the impact of SPOs
• Get suggestions from partners and supporters
• Reaching out to 10 SPOs

 

Mile Stone 2, Month 4-8: Onboard 10 SPOs

• Find 10 SPOs to beta test the impact measurement tool

This phase includes: 

• Finalizing research and adding our new model to impact measurement tool
• Creating the onboarding resources for this first batch of 10
• Creating a slide deck with infographics on how the tool works and how it's evaluating impact of SPOs
• Testing the tool and building out a good UX/UI for SPO public profiles

 

Mile Stone 3, Month 8-12: Release tool to the public 

• Create a challenge 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 
• Create a database to upload details of SPO's impact for the Cardano community

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Deliverables include:

• Research model for measuring SPO impact

• Creating a slide deck with infographics on how the tool works and how it's evaluating impact of SPOs

• Release tool to the public 

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

The cost of the project represents value for money as it enables the creation of the Impact Measurements Tool for SPOs. In turn, we will be able to bring groundbreaking tools to the Cardano ecosystem and bring more visibility and recognition of impactful stakepools building on Cardano. By investing in Sustainable ADA, and its umbrella of products and services. The community will gain access to valuable insights, collaboration opportunities, and inspiration to drive positive change. 

The costs are justified and a modest ask given the average salaries for a graduate, and postgraduate researcher and Teacher in our sectors, and given our track record in and out of the Cardano community to date based out of USA (Salt Lake City), and western Europe (London and Paris).

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept