You have a happy life with good living conditions, but many people in the world are not like you, they live in poverty and hunger and disease. You know that and you want to help them through Donate to charity organizations. But do you know? When you donate money to a cause, you probably realise a portion of it goes towards “operating costs” and other incidentals. But do you know just how much of your donation evaporates without ever reaching those you donate to in the first place.Shocking reports by The Guardian1, Giving USA2 and the World Disasters Report3 reveal the sad truth:
In 2015 alone, out of roughly $373 billion in donations, only $11.2 billion was channeled to affected states. Another $5.9 billion went to local NGOs. While a staggering $355.9 billion went towards “overheads”. That’s a shocking more than 90% of funds disappearing into thin air – a number that holds consistent year after year. This figure is unacceptable and proves that something is broken in the humanitarian sector. So The Inpactor was created to put an end to that.
What is Impactor?
The Inpactor Platform is an initiative by Incitement, a social business that has actually executed CSR initiatives for some of the globe’s largest brands (Pepsico, L’Oreal, Nestle, FedEx, as well as extra) for the last 6.5 years, and is trusted companion with the Department Finance Malaysia, and has neighborhoods in 46 nations. Inpactor is the very first one-stop platform in the world that connects Brands to Create for Volunteers, enabling them to easily develop and also apply for Altruistic jobs, and obtain incentives for their services and performance. Inpactor is a support technology that gives a scalable service for the Incitement approach to CSR. Inpactor is the world’s first portal for the Corporate Social Responsibility sector – connecting Brands to Causes to Volunteers, allowing them to easily create and implement social projects. Inpactor aims to enable corporations and Brands to use CSR as a foundation to grow their business upon, while at the same time creating reliable, transparent, and measurable social impact.
Using blockchain technology Inpactor aims to provide a transparent, reliable, and measurable approach to CSR by bringing together brands, causes and volunteers to help with social causes. Companies rely on CSR to improve their image in the world and to strengthen their brand name. Blockchain technology will come into play by providing a distributed ledger technology to provide transparency in the funding process. Smart contracts will provide a reliable mechanism for funds to be distributed as agreed, and the platform will be based on a Proof of Impact and Stake for Impact philosophy, where project stakeholders and beneficiaries will validate the reporting process while also providing a verified track record.
Token
CSRi
CSRi is the usage token inside Inpactor. It is created when receiving funds in fiat from Brands, and it is destroyed when returned to us in exchange for fiat – its sole purpose is to facilitate transparency, reliability, and accuracy in the platform. It creates transparency in spending using Distributed Ledger Technology (DLT), solves reliability using smart contracts, and ensures Project delivery using Proof of Impact (PoI). Likely, we will be using Hyperledger from the Linux Foundation and hosted on IBM’s blockchain platform for secure implementation of CSRi into Inpactor. Any user of 55 Inpactor is allowed to run a peer node to help create a more distributed ledger.
CSRm
The CSRm token is Inpactor’s work token. It allows for the implementation of a governance system, the creation of better measurement of incentives through CSR activities, and added platform benefits and features for token holders. Token holders who are not a participant of the core platform per se, will be able to spend their CSRm tokens within the Vendor network of social businesses, and CSRm can be donated to Projects via SFI.
Roadmap
Inpactor seeks to become the next Corporate Social Responsibility (CSR) platform for brands to connect to causes via a social network, equipped with features to fund, manage, measure, report and showcase social impact. The team behind Inpactor has already proved its mettle with their product - Incitement, and the fact that they have designed, developed, and implemented CSR initiatives for brands like L'OREAL, Pepsi & FedEX makes it even more interesting. We were very impressed by their team and the vision they impose with the help of blockchain. Looks very promising.
More information
Website: https://csr.inpactor.com/
Facebook: https://www.facebook.com/theincitement
Twitter: https://twitter.com/theincitement
Telegram: https://t.me/theincitement
ANN thread: https://bitcointalk.org/index.php?topic=3283594.0
Author: JonyAce
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ETH address : 0x95295a487AC1Ca8516c6ddb055C0361D504ea43e