Last updated 2 weeks ago
Shortage of skilled professionals in impact accounting due to insufficient training and blockchain-verified certification programs, hindering effective social and environmental impact reporting.
This is the total amount allocated to Impact Accounting Project-Based Learning. 4 out of 4 milestones are completed.
1/4
Research
Cost: ₳ 16,636
Delivery: Month 2 - May 2024
2/4
“Introduction to Impact Accounting” Course Development:
Cost: ₳ 29,636
Delivery: Month 4 - Jul 2024
3/4
“Introduction to Impact Accounting” Student Onboarding and Analysis
Cost: ₳ 29,000
Delivery: Month 6 - Sep 2024
4/4
Curriculum Drafting for the “Impact Accounting Certification” Course and Close-out Report/Video
Cost: ₳ 24,728
Delivery: Month 7 - Oct 2024
NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here
Create project-based learning materials for impact accounting and issue a completion certificate as a verifiable credential on Atala PRISM.
No dependency. NB: Socious and Andamio depend on each other but both teams are part of this proposal. We have no external dependency.
Our project is proudly open source, licensed under the GNU General Public License v3.0 (GPLv3). This license allows others to freely use, modify, and distribute our code/output, under the condition that any derivative work will also be open source under the GPLv3. This fosters collaboration and community-driven development, as it encourages other developers to contribute to our project, or to use our code/output as a starting point for their own projects, thus driving innovation in the sector.
By making our project open source, we aim to contribute to the global movement of shared knowledge and collaborative problem solving. This approach ensures transparency, promotes the sharing of knowledge, and encourages a collective approach to addressing the challenges associated with the impact job sector. Ultimately, we believe that open-sourcing our project will lead to a more robust, efficient, and impactful solution, thanks to the contributions of the global developer/contributor community.
Background
All companies are required to track and submit their financial statements to the relevant authorities in most jurisdictions. Business managers and investors rely on these financial accounting statements to make decisions. However, these statements do not take into account the impacts on employees, customers, the environment, and society as a whole. This results in decisions that have a negative impact on the environment and society.
At Socious, we recognize the imperative need for accurately measuring and valuing a company's impact on society and the environment. The absence of clear, transparent impact metrics means that decision-making is predominantly influenced by financial considerations, neglecting the broader implications on people and the planet. To address this gap, we advocate for the integration of 'impact accounting' into the standard corporate reporting framework. This approach would place the assessment of societal and environmental impacts on an equal footing with financial reporting, ensuring a more holistic and responsible approach to corporate decision-making. By embedding impact accounting into corporate obligations, akin to financial statement submissions, we aim to foster a more sustainable and conscientious business environment."
This is already happening. European companies, particularly those in the EU, are increasingly required to report on their social and environmental impact. Key obligations include:
These regulations are part of the EU's broader strategy to incorporate sustainability into its financial policy framework and encourage sustainable investment. Their objective is to enhance transparency and provide stakeholders, such as investors and consumers, with improved information about the sustainability of businesses. Complying with these regulations not only ensures alignment with legal requirements but also contributes to the development of a sustainable, environmentally conscious brand image.
However, there is a shortage of professionals with impact accounting skills*. This is because, while the demand for impact accounting grows, particularly in sectors like impact investing, sustainability, and corporate social responsibility, the education and training of skilled professionals is not caught up with the demand. This led to a talent gap, especially because the growth in demand outpaces the development of educational and training programs to equip professionals with the necessary skills in impact accounting. This proposal aims to solve this problem.
*We use the term "impact accounting" as a general term to refer to any measurements of social and environmental impact. This includes Impact Measurement and Management (IMM), Social Return on Investment (SROI), Environmental, Social, and Governance (ESG) Metrics, the Sustainable Development Goals (SDGs), and others.
Solution
In order to tackle the shortage of skilled professionals in impact accounting, we will create project-based learning materials for impact accounting and issue a completion certificate as a verifiable credential on Atala PRISM.
Why do we need a blockchain verifiable certificate? According to a survey from StandOutCV which surveyed 1,785 Americans, 55% of respondents admitted to lying on their resumes. How can organizations determine the authenticity of resumes? Unfortunately, identifying fraudulent resumes is a challenging task, and hiring a background check agency can be costly.
To tackle this issue, we propose leveraging verifiable credentials (VCs) tied to an Atala DID. This not only enables candidates to securely share their verified certificates but also allows hiring organizations to confirm the authenticity of their credentials swiftly, fostering trust and efficiency in the hiring process.
With this system, companies can hire impact accountants who will report to authorities, such as those required by the Corporate Sustainability Reporting Directive (CSRD), to fulfill their obligations. This allows companies to hire professionals with the necessary skills without the need to spend time and money on background check agencies.
In this proof-of-concept stage, we will do the following:
1 Research:
2 “Introduction to Impact Accounting” Course Development:
3 “Introduction to Impact Accounting” Student Onboarding and Analysis:
4 Curriculum Drafting for Full Certification and Close-out Report/Video:
Impact on the Cardano ecosystem
This initiative has the potential to make a significant global impact and specifically enhance the Cardano ecosystem. By onboarding participants who will create Atala PRISM DIDs, we are introducing new users to the Cardano community. This serves as an entry point, facilitated by Atala PRISM, that encourages these individuals to explore other Cardano offerings and delve deeper into the ecosystem.
Furthermore, this program positions Cardano as a pioneering and socially responsible blockchain ecosystem. It demonstrates Cardano's commitment to utilizing blockchain technology for the betterment of society, attracting and inspiring other "blockchain for good" projects to join and flourish within the Cardano network. This strategic move not only expands Cardano's user base but also strengthens its reputation as a leader in leveraging blockchain for positive social and environmental impact.
Value to the Cardano ecosystem:
This initiative has the potential to make a significant global impact and specifically enhance the Cardano ecosystem. By onboarding participants who will create Atala PRISM DIDs, we are introducing new users to the Cardano community. This serves as an entry point, facilitated by Atala PRISM, that encourages these individuals to explore other Cardano offerings and delve deeper into the ecosystem.
Furthermore, this program positions Cardano as a pioneering and socially responsible blockchain ecosystem. It demonstrates Cardano's commitment to utilizing blockchain technology for the betterment of society, attracting and inspiring other "blockchain for good" projects to join and flourish within the Cardano network. This strategic move not only expands Cardano's user base but also strengthens its reputation as a leader in leveraging blockchain for positive social and environmental impact.
Measuring Impact:
Sharing Outputs and Opportunities:
We will share the outputs and opportunities of our project through the following methods:
Our team is aptly suited and equipped to successfully deliver this project. We possess the requisite capabilities that uniquely position us to execute this project to high standards of trust and accountability.
Socious is a fast-growing impact startup that provides a talent marketplace, making impact work accessible and transparent. We connect purpose-driven professionals with impact organizations through AI matching. We use blockchain to trace impact work and reward contributions.
Socious is supported by 500Global, Microsoft, and Milkomeda Foundation. Our platform lists over 80k jobs, 24k organizations, and has 6.6k registered users. Our team consists of experts in impact measurement, finance, data science, and blockchain development.
Socious has extensive experience in the Cardano ecosystem, having successfully completed five Catalyst-funded projects in Fund 9 and two ongoing projects in Fund 10.
Our team members include:
Title: Founder and CEO
Role: Product Ownership, Project Management, Research
Commitment: Full-time
Linkedin:
https://www.linkedin.com/in/seirayun/
Bio: Seira Yun is the Founder and CEO of Socious.io, a talent marketplace that makes impact work accessible and transparent. Socious connects purpose-driven professionals with impact organizations through AI matching, and uses blockchain to trace impact work and reward contributions.
Seira is a serial impact entrepreneur with years of experience in the sector. He has led teams within the ICRC, UNHCR, and social ventures. Drawing from personal experiences as a migrant, an autistic person, and a proud pansexual queer, Seira is driven to make the world a better place through social innovation. As a full-stack developer with a Master's in Social Innovation from the University of Cambridge, he enjoys blending technology with purpose. Seira is also an impact angel investor, a member of Hustle Fund's Angel Squad, and a mentor for 4WARD.VC's Climate Accelerator. When not working, he enjoys shooting hoops, running, reading, spending quality time with the kids, or embracing the adventure of getting lost during travels. He is also a long-term member of the Cardano community; he’s won and managed five Catalyst projects and has completed Atala PRISM Pioneer Program.
Title: Lead Designer
Role: Design
Commitment: Full-time
LinkedIn:
https://www.linkedin.com/in/michel-douang/
Bio: With more than a decade of experience specializing in product design, Minh is a multidisciplinary artist who has always believed art has a language of its own. As a neurodiverse individual, Minh is passionate about helping people and creating sustainable and inclusive solutions.
Title: Lead Developer
Role: Backend/Blockchain/AI Engineering
Commitment: Full-time
LinkedIn:
https://linkedin.com/in/ehsan-mahmoudi-611123b8/
Bio: More than 8 years of experience in Python and Machine Learning as well as extensive experience in blockchain development. Ehsan has worked for global startups including Rechat, AEC, and Navaak.
Title: Senior Frontend Developer
Role: Frontend Development
Commitment: Full-time
LinkedIn: https://www.linkedin.com/in/iman-rezasefat-001988121/
Bio: An experienced frontend developer with 7+ years of experience.
Title: Senior Frontend Developer
Role: Frontend Development
Commitment: Full-time
Bio: An experienced frontend developer with 10+ years of experience.
Title: QA Engineer
Role: Quality Assurance
Commitment: Full-time
LinkedIn:
https://www.linkedin.com/in/azin-zare-355a27179/
Bio: An experienced QA engineer with 9+ years of experience.
Title: Advisor
Role: Project Management, Research
Commitment: Part-time
LinkedIn:
https://www.linkedin.com/in/madi-lommen-394940b0/
Bio: Madi has 10+ years experience in social entrepreneurship, impact investing, and partnership building. Madi is passionate about interdisciplinary learning / problem-solving that leverages entrepreneurship and multilingual teamwork for community development. In recent years, she founded Madibanani Co. to champion refugee youth, designed a data collection program on the Jordan-Syrian border, and coordinated military-like training for Emergency & Disaster volunteers of La Cruz Roja (Red Cross) in Ecuador. After completing a thesis on medieval Arabic poetry at Yale-NUS College in Singapore, she worked with a network of angel investors scaling women-led SMEs tackling poverty in Southeast Asia. She has experience working in four languages (English, Spanish, Arabic, Chinese) and has lived in Singapore, Jordan, Ecuador, the UK, South Africa, the USA, and Japan.
Title: Design Advisor
Role Design Direction
Commitment: Part-time
LinkedIn: https://www.linkedin.com/in/raphaelhode/
Bio: Raphael is a Strategic Designer with a passion for social innovation and sustainability. After a few years in advertising agencies in Paris, Raphael moved to Tokyo in 2015 and joined Designit, a global strategic design firm. At Designit Raphael worked on growing a team and helping some of Japan’s most ambitious companies make innovation happen, leading him to endorse a variety of roles across UX design, service design, business design, and strategy.
In parallel, he has been passionately engaging in activities related to sustainability and social innovation: giving talks and workshops, mentoring early-stage social founders, and eventually co-founding a social venture. Today, he spends most of his time working with incredible social entrepreneurs to help them define, design, and launch visionary products that contribute to creating a more sustainable society.
To supplement our core team, we maintain a reserve of skilled freelancers, ready to contribute at short notice. Our talent marketplace, Socious, is a hub for over 6,600 individuals, many of whom could potentially assist in this project, if required.
Our ability to deliver is not just theoretical but backed by an impressive track record. We have successfully completed five distinct Catalyst projects funded in Fund 9, all within the projected timelines and budget. These accomplishments bear testament to our capabilities and our commitment to deliver projects as proposed.
The Fund 9 projects we’ve completed are as follows:
We’ve also been funded two projects in Fund 10:
The trustworthiness in our fund management processes is grounded in our serious adherence to legal and financial compliance. Each transaction conducted is meticulously documented with tangible evidence and audited internally for accuracy. To bolster our commitment to financial transparency, we have established collaborations with external accounting firms that assure compliance. Our Japanese entity works with Tatsumi Accounting Firm (https://kessan-online.jp/company), while our Singaporean entity partners with BBCIncorp (https://bbcincorp.com/offshore/accounting-and-auditing).
Additionally, we liaise with an external law firm, Enlighten Law Group (https://www.enlightenlaw.com/), to ensure full legal compliance. This meticulous, multilayered approach to fund management reflects our dedication to maintaining high levels of trust and accountability.
Milestone 1: Research
Outputs
Milestone 1 includes the following key activities:
Acceptance criteria
The research paper is finalized and published on Notion. It is accessible for community review. The research paper includes the following content:
Evidence of Milestone completion
As evidence of milestone completion, we submit the research paper publicly available on Notion. The research paper will include the following:
Expected timeline for the delivery
Month 2
Cost
16,636 ADA
% Completion
17%
Milestone 2: “Introduction to Impact Accounting” Course Development:
Outputs
This milestone includes the following key activities:
Acceptance criteria
The acceptance criteria are as follows:
Evidence of Milestone completion
As evidence of milestone completion, we submit the following:
Expected timeline for the delivery
Month 4
Cost
29,636 ADA
% Completion
30%
Milestone 3: “Introduction to Impact Accounting” Student Onboarding and Analysis:
Outputs
This milestone includes the following key activities:
Acceptance criteria
The acceptance criteria are as follows:
Evidence of Milestone completion
As evidence of milestone completion, we submit a publicly available Notion document which includes the following information:
Expected timeline for the delivery
Month 6
Cost
29,000 ADA
% Completion
29%
Milestone 4 (Final): Curriculum Drafting for Full Certification and Close-out Report/Video:
Outputs
This milestone includes the following key activities:
Acceptance criteria
The acceptance criteria are as follows:
Evidence of Milestone completion
As evidence of milestone completion, we submit a publicly available Notion document which includes the following information:
We will also produce a close-out report and close-out video. The report will be submitted in the PDF format to the Catalyst team and will be available publicly. The video will be available on Youtube.
Expected timeline for the delivery
Month 8
Cost
24,727 ADA
% Completion
25%
Socious is a fast-growing impact startup that provides a talent marketplace, making impact work accessible and transparent. We connect purpose-driven professionals with impact organizations through AI matching. We use blockchain to trace impact work and reward contributions.
Socious is supported by 500Global, Microsoft, and Milkomeda Foundation. Our platform lists over 80k jobs, 24k organizations, and has 6.6k registered users. Our team consists of experts in impact measurement, finance, data science, and blockchain development.
Socious has extensive experience in the Cardano ecosystem, having successfully completed five Catalyst-funded projects in Fund 9 and two ongoing projects in Fund 10.
Our team members include:
Title: Founder and CEO
Role: Product Ownership, Project Management, Research
Commitment: Full-time
Linkedin:
https://www.linkedin.com/in/seirayun/
Bio: Seira Yun is the Founder and CEO of Socious.io, a talent marketplace that makes impact work accessible and transparent. Socious connects purpose-driven professionals with impact organizations through AI matching, and uses blockchain to trace impact work and reward contributions.
Seira is a serial impact entrepreneur with years of experience in the sector. He has led teams within the ICRC, UNHCR, and social ventures. Drawing from personal experiences as a migrant, an autistic person, and a proud pansexual queer, Seira is driven to make the world a better place through social innovation. As a full-stack developer with a Master's in Social Innovation from the University of Cambridge, he enjoys blending technology with purpose. Seira is also an impact angel investor, a member of Hustle Fund's Angel Squad, and a mentor for 4WARD.VC's Climate Accelerator. When not working, he enjoys shooting hoops, running, reading, spending quality time with the kids, or embracing the adventure of getting lost during travels. He is also a long-term member of the Cardano community; he’s won and managed five Catalyst projects and has completed Atala PRISM Pioneer Program.
Title: Lead Designer
Role: Design
Commitment: Full-time
LinkedIn:
https://www.linkedin.com/in/michel-douang/
Bio: With more than a decade of experience specializing in product design, Minh is a multidisciplinary artist who has always believed art has a language of its own. As a neurodiverse individual, Minh is passionate about helping people and creating sustainable and inclusive solutions.
Title: Lead Developer
Role: Backend/Blockchain/AI Engineering
Commitment: Full-time
LinkedIn:
https://linkedin.com/in/ehsan-mahmoudi-611123b8/
Bio: More than 8 years of experience in Python and Machine Learning as well as extensive experience in blockchain development. Ehsan has worked for global startups including Rechat, AEC, and Navaak.
Title: Senior Frontend Developer
Role: Frontend Development
Commitment: Full-time
LinkedIn: https://www.linkedin.com/in/iman-rezasefat-001988121/
Bio: An experienced frontend developer with 7+ years of experience.
Title: Senior Frontend Developer
Role: Frontend Development
Commitment: Full-time
Bio: An experienced frontend developer with 10+ years of experience.
Title: QA Engineer
Role: Quality Assurance
Commitment: Full-time
LinkedIn:
https://www.linkedin.com/in/azin-zare-355a27179/
Bio: An experienced QA engineer with 9+ years of experience.
Title: Advisor
Role: Project Management, Research
Commitment: Part-time
LinkedIn:
https://www.linkedin.com/in/madi-lommen-394940b0/
Bio: Madi has 10+ years experience in social entrepreneurship, impact investing, and partnership building. Madi is passionate about interdisciplinary learning / problem-solving that leverages entrepreneurship and multilingual teamwork for community development. In recent years, she founded Madibanani Co. to champion refugee youth, designed a data collection program on the Jordan-Syrian border, and coordinated military-like training for Emergency & Disaster volunteers of La Cruz Roja (Red Cross) in Ecuador. After completing a thesis on medieval Arabic poetry at Yale-NUS College in Singapore, she worked with a network of angel investors scaling women-led SMEs tackling poverty in Southeast Asia. She has experience working in four languages (English, Spanish, Arabic, Chinese) and has lived in Singapore, Jordan, Ecuador, the UK, South Africa, the USA, and Japan.
Title: Design Advisor
Role Design Direction
Commitment: Part-time
LinkedIn: https://www.linkedin.com/in/raphaelhode/
Bio: Raphael is a Strategic Designer with a passion for social innovation and sustainability. After a few years in advertising agencies in Paris, Raphael moved to Tokyo in 2015 and joined Designit, a global strategic design firm. At Designit Raphael worked on growing a team and helping some of Japan’s most ambitious companies make innovation happen, leading him to endorse a variety of roles across UX design, service design, business design, and strategy.
In parallel, he has been passionately engaging in activities related to sustainability and social innovation: giving talks and workshops, mentoring early-stage social founders, and eventually co-founding a social venture. Today, he spends most of his time working with incredible social entrepreneurs to help them define, design, and launch visionary products that contribute to creating a more sustainable society.
To supplement our core team, we maintain a reserve of skilled freelancers, ready to contribute at short notice. Our talent marketplace, Socious, is a hub for over 6,600 individuals, many of whom could potentially assist in this project, if required.
Please find below a detailed breakdown of our budget, including the number of people and hours allocated to each task. We have calculated the cost of Socious members at $40 per person per hour. The base conversion rate for ADA-USD is 0.44.
Executive summary:
Total Cost: 100,000 ADA
Milestone 1: 16,636 ADA
Milestone 2: 29,636 ADA
Milestone 3: 29,000 ADA
Final Milestone: 10,880 ADA
Budget Distribution:
Andamio: 41,000 ADA
Socious: 59,000 ADA
Please find the details of the breakdown here: https://docs.google.com/spreadsheets/d/1Lih_9aysEZ7kf1sCcKP9rn_GEXlqGJ53ihpiICXlZtY/edit?usp=sharing
We believe that our project offers great value for the Cardano ecosystem in terms of the money invested.