A. Name of project and Project URL on Ideascale/Fund
Recognize Impact through DIDs
https://cardano.ideascale.com/c/idea/414367
900181
B. Name of project manager
Seira Yun
C. Date project started
4 November 2022
D. Date project completed
20 April 2023
E. List of challenge KPIs and how the project addressed them
This project addressed the challenge KPIs in the following ways:
The challenge sought to address the overarching query, "Which decentralized applications (dapps), products, and integrations can be deployed to introduce significant use cases to the Cardano ecosystem, thereby promoting greater adoption?"
One such solution is Socious, a dapp featuring a distinctive Impact Score with numerous applications for the Cardano ecosystem. The project's objective was to enhance the utility and adoption of Atala PRISM/Cardano. Users are encouraged to utilize Atala PRISM by earning Impact Points, which are rewarded with exclusive perks and benefits.
The project focused on the following key metrics for the challenge:
- Increasing the number of dapps and products available to the community that enrich the ecosystem with new use cases: Socious, a readily accessible dapp for the community, already contributes to enhancing the ecosystem with innovative use cases. Presently, it facilitates job matching, escrow protection, and impact visualization. In the future, it will spearhead additional applications of the Impact Score system and DID, such as a peer-to-peer lending network for financial inclusion of the unbanked, and an ethical marketplace for products and services. Currently, Socious boasts over 14k registered organizations and 3k registered talents on the platform.
- Increasing the number of integrations that bring existing solutions together for a more seamless and connected experience between different products: We unite Cardano, Atala PRISM, Milkomeda, Proofspace, and ERC-20 compatible wallets to deliver a more cohesive and interconnected experience across different products.
F. List of project KPIs and how the project addressed them
- ProofSpace/Atala PRISM is integrated into the existing Socious app (iOS and Android);
- Users can visualize their social and environmental impact through Impact Point issuing/holding/verifying flow using PRISM credentials.