Impactify

The Challenge

Singapore generates 930,000 tons of plastic waste annually, yet recycles only 5%. Despite growing environmental concerns, convenience culture prevails, leading to poor recycling practices and contaminated waste streams.

The Market Gap

While Social Impact firms develop innovative solutions for waste management and sustainable food production, they struggle with scalability due to low profit margins. Simultaneously, global corporations seeking carbon offsets often fall victim to fraudulent schemes.

Impactify's Solution

Impactify strengthens the social impact ecosystem by fostering collaboration, incentivizing eco-friendly behavior, and ensuring transparency in sustainability initiatives.

Problem Statement

Despite producing a significant amount of waste, Singapore’s plastic recycling rate is one of the lowest globally at 5%. This stems from several issues: For Corporations: Difficulty in finding the right social impact firms (SI firms) to help meet ESG goals and ensure impactful sustainability efforts. For SI Firms: Limited operational scalability, funding issues, and visibility to secure partnerships. For Consumers: A lack of education, gamified incentives, and convenient recycling options. These challenges result in fragmented efforts that fail to create significant environmental impact.

Target Audience

Corporations: Seeking partnerships with SI firms to meet ESG goals and achieve carbon neutrality. SI Firms: Looking to scale operations, secure funding, and collaborate with corporations. Consumers: Individuals eager to contribute to sustainability through engaging and incentivized actions.

Our Solution - Impactify operates through a two-phase solution:

Phase 1: Web App (B2B)

*Routing System: *

Matches corporations with SI firms based on recyclables type, ESG goals, and operational capacity.
Uses graph algorithms to optimize partnerships and maximize impact.

Analytics Dashboard: For corporations:

Tracks recyclables routed and carbon offset metrics.
Monitors ESG progress with downloadable reports. For SI firms:
Tracks inflow of recyclables, partnerships, and operational data.
Displays metrics such as monthly sales stats and carbon contributions.

Phase 2: Mobile App (B2C)

Snap to Earn:

Users upload recycling proof, validated by AI, to earn VEbetterDAO tokens.
Tokens are stored on the blockchain for transparency and can be redeemed for SI firm products.

AR Gamified Learning:

Users engage with AR scenarios to learn about recycling and sustainability.
Challenges encourage recycling behaviors and reward eco-friendly habits.

Impact Dashboard:

Tracks tokens earned, actions completed, and milestones achieved.
Redeem tokens for discounts or products from partnered SI firms.

Verified Transparency on X:

Validated recycling actions are posted on X (formerly Twitter) to promote public accountability and credibility.

Why We Stand Out

Aggregator for Sustainability:

Impactify serves as a central platform connecting SI firms with corporations, ensuring mutually beneficial partnerships.
Corporations gain ESG credibility, while SI firms receive funding and operational support.
Analytics we capture can be used to verify sustainability efforts

Transparent Rewards System:

Leveraging blockchain, all user contributions are tracked and verified for public transparency, fostering trust across all stakeholders.

Gamified Learning for Consumers:

Interactive AR scenarios make recycling fun and educational, encouraging behavior change.

End-to-End Solution:

From routing recyclables to issuing rewards, Impactify simplifies the complex supply chain into an integrated, user-friendly platform.

What's next for Impactify

Dashboard Enhancements:

Corporations will gain deeper insights into logistics data, recyclables movement, and sustainability progress.
SI firms can track the quality of incoming recyclables and manage operational improvements.

Expanding Partnerships: