Would you invest in a company that had no proof of its effectiveness? That is the critical question being asked of not-for-profits by their funders. Social impact measurement has arisen to solve this difficult question - how best to report on social improvements? A number of technologies and providers now offer methods to demonstrate social returns.
With the advancements made in blockchain technology there is now the potential to create smart contracts for funding based on verified social impact.
This webinar will cover:
- What is blockchain
- What are the applications of blockchain in the NFP
- Is your organisation the right candidate to participate in a Blockchain trial
- How to get your organisation blockchain ready
Socialsuite is a SaaS platform with a digital marketplace of validated impact measurement metrics that helps not-for-profits and community service organisations measure and report on the outcomes and impacts of their services. The technology enables organisations to track individuals, and groups, across multiple data collection points, improving service delivery and securing further funding.
Recently, Socialsuite has partnered with IXO, which uses a blockchain protocol, to deliver some of the world’s first blockchain smart contracts for funding based on verified social impact.
Building on this Socialsuite's impact investing technology, Socialsuite’s partnership with IXO is about optimising – and precisely measuring – global impact.
Damian Hajda is the co-founder of Socialsuite. He has over 10 years experience in the Enterprise Software Industry, from software development to sales. Recently, Damian has co-founded a blockchain company and is excited about the potential of the blockchain protocol in solving social issues. Socialsuite was founded after the founders noticed the manually intensive process currently undertaken by organisation’s when measuring their impact. By providing an end-to-end solution, from data collection to reporting, Socialsuite is a next-generation solution to social measurement.