One of the main challenges encountered and presented in the report was the difficulties experienced by small and medium-sized projects when trying to showcase the impact of their actions.
Understanding what to consider and how to show impact is crucial to align blockchain initiatives working on social impact and sustainability topics as well as to support the projects themselves to showcase their impact and attract potential new stakeholders, investors and donors to implement or scale their activities.
INATBA does not set any standard and this document represents the exploratory work from SSIWG. Hence, this model does not intend to replace IRIS, ISO, or any other international standard for social impact and sustainability measurements but instead supports small and medium-sized projects that are not subject to those standards to understand some of the key steps they need to follow to measure their impact through the project life cycle. Once the project/organization grows and scales, it should comply with international standards for impact measurement.
While we are aware that there is no lack of social impact frameworks designed for organizations and companies to monitor their impact, most of them are very complex and demand more capacity and resources than most small and medium-sized projects can allocate for that purpose. Hence the SISWG has developed a model that proposes a series of simple steps that can be implemented at the organizational level by small and medium-sized projects. This model aims to help small and medium-sized blockchain projects to measure the social impact they are creating in an easy way that does not require external consultants or major investment in resources.
The documents have been reviewed within the SISWG as well as by the Academic Advisory Board of INATBA. You are all more than welcome to implement the steps, use the definition, as well as sharing this model with your networks and any project you consider would benefit from it.
Special acknowledgements to SISWG members: Mariana de la Roche Wills (IOTA Foundation), Laura Kajtazi (IOTA Foundation), Åsa Dahlborn (IOTA Foundation), Jörg Walden (iPoint-systems), Maroye Marinkovic (iPoint-systems), and Ismael Arribas (KUNFUD). And the following members of the Academic Advisory Board of INATBA: Professor Paolo Giudici, University of Pavia, Dr. Gustavo Prieto, Ghent University; Professor Lisa Short, La Trobe University. Special thanks to Bara Greplova (Executive Team) for her constant support.
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