Volunteering has dropped 25% in USA despite Corporate Social Responsibility endeavors and social impact sponsorships. Using blockchain to validate time spent volunteering and facilitate transfer of value, Forward Coins (our cryptocurrency) can reward social engagement and give quantifiable impact data to sponsors.
What it does
Allows volunteers to get rewarded for their social impact, while allowing donors to see the direct impact of their sponsorships in a completely transparent and sustainable system.
How it Works
Sponsors give fiat to Project Forward to underwrite Forward Coins (FC's), and Project Forward creates the commensurate amount of FC's (easily audit-able, giving transparency). Volunteers then help in their community and once confirmed by nonprofit agents, are rewarded with FC's. Volunteers can then 'Pay it Forward' by sending their FC's to other nonprofits, or redeem FC's with local merchants (who settle with Project Forward in fiat).
Accomplishments that I'm proud of
Complete step1 of changing the world. Specifically, a viable mechanism for incentivizing volunteers thats benefits everyone in the process.
What I learned
Blockchain is MUCH more malleable today with new architectures and systems than it has ever been before. Client friendly and use-case specific applications are more accessible and deployable than we knew. A group of people that is excited and dedicated is an incredibly powerful force.
What's next for Project Forward
Build a working app prototype