There is no impact score system that visualizes and attributes social & environmental impact to decentralized identities.日本語
Socious uses Atala PRISM/ProofSpace to attribute “impact score” to visualize users' contributions to impact projects and reward them with crypto tokens, which increases utility & adoption of Cardano.
This is the total amount allocated to Recognize Impact through DIDs
94% of young people want to use their skills for good, but only 10% are able to do so. This is because it’s difficult to visualize their impact and get rewarded for their contributions. Socious leverages Atala PRISM to attribute social & environmental impact to individuals/organizations and provides rewards in crypto tokens based on their impact score.
We use blockchain technology to provide trust, transparency, and decentralization. First, we plan to leverage Atala PRISM to allow our users to become the owner of their digital identity and personal data. Atala PRISM facilitates KYC compliance, impact score certification, and asset transaction with trust and transparency. We can guarantee the traceability and transparency of transactions/impact scores by using blockchain technology. Blockchain technology also allows the community to own and run the platform without a third party and share the profits of the platform with the community members through tokens. By becoming a decentralized autonomous organization, the platform can continue to create social and environmental impact on a permanent basis.
The proposed solution addresses the challenge in the following ways:
The overall question to be addressed by the challenge is “What dapps, products and integrations can be implemented to bring impactful use cases to Cardano ecosystem that help drive more adoption?”
Socious is a decentralized application (dapp) and its unique Impact Score has many use cases for the Cardano Ecosystem. This project will significantly increase the utility & adoption of Atala PRISM/Cardano. Users will be incentivized to build their Impact Score with tangible rewards, such as access to impact-focused grants/investments, rewards in THANK tokens (Socious’ native tokens), and access to exclusive economic opportunities such as financial products and discounted ethical goods.
Types of proposals include “Marketplaces”, “Social Media”, “Environment” and DeFi.
Socious is squarely in these areas. Socious is an “impact job marketplace” that matches impact organizations/projects with impact talent. The impact score system, an impact-based reputation management system, will facilitate users to progress in their impact careers. Socious is also a “Social Media for Social Good” where socially conscious individuals can share content and connect with like-minded people.
In the future, Socious is planning to launch an “ethical product marketplace” where users can buy a variety of sustainable/ethical products that contribute to social and environmental impact. Similarly, Socious will launch an “impact lending” feature. Socious Impact Lending is a decentralized finance (DeFi) protocol that allows people to lend and borrow THANKs without having to go through a centralized intermediary. Lending users earn interest and borrowing users pay it. Rather than relying on collateral, smart contracts calculate individual risk based on users' Impact Score, Interest rates will be allocated on the basis of this. By removing the middlemen, this peer-to-peer system offers not only greater value and efficiency in the lending process but also provides the unbanked population with access to capital without any assets or credit.
Using the guarantor system, users can leverage the trust of other people to borrow THANKs without having a high Impact Score. This system also allows users to improve their impact score by being a guarantor and earning a percentage of the interest repayment. On the other hand, the guarantors’ impact score will decrease if the borrower fails to repay their debt. This balanced approach will increase access to financial services for the unbanked.
The project is highly relevant to the key metrics for the challenge:
Finally, the Impact Score system - with its many use cases - is able to scale to address future challenges.
Possible challenges or risks to delivering this project successfully include:
Risk: Integration of ProofSpace/Atala PRISM to an existing mobile app rather than a web app.
Strategy to mitigate: We will mitigate this challenge by working with ProofSpace and learning and getting support from the Atala PRISM Pioneer Program. All of the Socious core team members are part of the Atala PRISM Pioneer Program.
Risk: Collaboration between Socious and ProofSpace with the time difference between Europe and East Asia.
Strategy to mitigate: We will leverage various tools such as Slack, Trello, GitHub, etc. to work asynchronously with occasional video conferences.
Risk: ProofSpace has an F8 proposal entitled “Credential-based token, e.g. KYC” which will support the Socious Deed function, creating a dependency on ProofSpace to deliver that proposal.
Strategy to mitigate: The first two parts of this proposal are deliverable with current ProofSpace capabilities, and the dependent proposal is scheduled for completion by the end of August. This should mean that the new feature is ready to be used by Socious by the time this proposal is funded.
We expect that the proposed project can be brought to market within three months of approval of funding – no later than the end of 2022. We will be monitoring the results of the project for three months after the launch. We will submit the final report in the sixth month.
Target Milestones & Deliverables
December 2022 - February 2023
Breakdown of Tasks for “Finalise Workflow between Socious and ProofSpace”
Technical Aspects (architecture, language, technologies):
Smart Contracts: Solidity/EVM
Frontend Mobile App: Typescript React Native
Frontend Web App: Typescript NextJS
Backend: PHP Laravel/Typescript Node.js
Machine Learning: Azure
Agile tools: GitHub/Trello
Design Tools: Figma/Miro/Canva
Managing the workload of this and other proposals:
Here is a link explaining workload management.
Here is a link explaining workload management.
The budget is segmented according to the identifiable items below at a ratio of $100/hr.
Socious is an impact gig marketplace powered by blockchain and AI. We are building an ecosystem to help socially conscious individuals contribute to social/environmental impact by visualizing and rewarding their efforts.
The Socious Team working on this project:
Founder and CEO:
Name: Seira Yun
Location: Tokyo, Japan
Position: Founder & CEO
Bio: Seira Yun is a serial social entrepreneur and an impact angel investor. He has worked in the impact sector since 2008 in the Middle East, Africa and Asia leading teams within the ICRC, UNHCR, and social ventures. He founded Discover Deep Japan Inc. in 2019, a social venture that focused on diversity and inclusion, which was acquired in 2021. Seira is a full-stack developer and holds a Master in Social Innovation degree from the University of Cambridge. His lived experience as both a migrant and a pansexual queer drives Seira’s passion for social change. Atala PRISM Pioneer Program participant
Name: Jayson Ilagan
Location: Manila, Philippines
Position: Senior Developer
Jayson is a web and mobile app developer with over 12 years of experience. He earned his degree in Computer Science from the Lyceum of the Philippines-Laguna. He accepted his school invitation to work for them after graduation to build systems and worked on developing a faculty performance evaluation system.
After spending six years working at Ivoclar Vivadent Inc. as an IT Global Software Developer, where his primary focus was project creation, he decided to move to Singapore for two years to join Direct Asia Management Services Pte. Ltd. As a web developer, he enhanced the Quote and Buy journey of the company portal that caters to motorcycles and travel insurance. He hopes to build an application for kids with curable diseases who don't have the means to pay for medications to help them access proper medical treatment. Atala PRISM Pioneer Program participant.
Name: Cristhian Tejada
Location, San Salvador, El Salvador
Position: Blockchain Developer - freelancer
Bio: A blockchain developer/data scientist with 9 years of experience. Cristhian strongly believes that artificial intelligence and blockchain will play an essential role in sustainable development and social good in the coming years. He currently stands out as a data scientist and blockchain developer in several social impact projects using the technology as a main tool. He also works in the Open Bank Project developing blockchain-based solutions for the financial and banking sector. He has studied business and economics but the need to create tools that improve living conditions and solve environmental problems has driven me to develop skills in computer science.
In the next few years, he plans to continue his doctoral studies investigating new economic models using Web3 technologies. Atala PRISM Pioneer Program participant.
Name: Raphael Hode
Location: Tokyo, Japan
Position: Design Advisor - freelancer
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.
ProofSpace is a multi-network identity platform, wrapped with no-code tools for building and scaling decentralized ID workflows and ecosystems. Our goal is to eliminate the barriers to adopting Self-Sovereign Identity (SSI) and proliferate the range and volume of use cases on production. Our vision is to power global digital inclusion and cross-chain commerce with interoperable verifiable credentials, and in so doing expand use of blockchain as a medium of trust. We are live with Hyperledger Indy, on testnet with Atala PRISM and reviewing SSI protocols on Polkadot, Ethereum and Solana.
ProofSpace Team working on this project:
Socious is planning to become a decentralized autonomous organization (DAO) by 2026. In order to achieve this goal, we need to build an ecosystem that people love to be a part of in the long term. We will return to Catalyst to build necessary features that allow the core Socious team to gradually step out of the decision-making process and achieve a truly decentralized and fully autonomous organization.
This project has two clear deliverables that will act as proofs of completion:
Our key metrics/ KPIs for this project will be:
a) the number of users registered with DID (Atala PRISM): 2,000 - 4,000;
b) the number of transactions that affect the impact score recorded to the Cardano blockchain: 6,000 - 12,000
In addition, we will measure project progression against the Milestones & Deliverables plan above. Our progress will be reported in the monthly reporting for Catalyst and in the final project report. We may also present at Townhall and other community meetings on an ad hoc basis.
Furthermore, the team adopts Agile methodology based on the tools provided by Trello and GitHub. Besides the monthly progress reports, the progress will be tracked by Trello Kanban Board, Github issues, and commits. Intermediate progress will be reported as Sprint Burndown, a KPI metric that shows the progress in the percentage of each development sprint.
The success of the project would involve:
Entirely new proposal.
Socious brings more financial and human resources to impact organizations to accelerate social and environmental impact. While SDGs’ Indicator 17.17.1 “Amount of United States dollars committed to public-private and civil society partnerships” may be close to what we use, we specifically use the following indicators: a) the amount of money donated to impact organizations; b) the number of impact organizations that received donations; c) the number of organizations that received time/skills contributions; d) the number of hours that were contributed to impact organizations; e) the number of people who contributed their time/skills to impact organizations
Socious also seeks to create a virtuous circle of giving, giving back, and pay forward through THANK tokens. While it is difficult to measure the impact of showing gratitude, we believe it brings joy and happiness to both the giver and the recipient. The indicators we follow include a) the number of times users thanked other users for their acts of kindness and b) the amount of THANK transferred as a sign of gratitude.
Our long-term vision is to build an impact ecosystem that can transform the world. If we successfully implement our project, more people will contribute their time and money to social causes, which will accelerate social and environmental impact.
Socious is a fast-growing impact community with 1000 MAU, supported by 500Global and Microsoft. The team has expertise in impact measurement and blockchain development. ProofSpace has deep SSI experience and a proven set of no-code tools for building and deploying SSI workflows.