Cryptocurrency

Ethereum Hackathon ETHDenver Partners With UNICEF on Blockchain Bounty System by Robert Greenfield

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By: Marie Huillet

Upcoming Ethereum (ETH) hardware hackathon ETHDenver is partnering with UNICEF on a blockchain bounty token system, according to a press release shared with Cointelegraph Jan. 31. The token aims to incentivize developers to create projects which promote social good, the press release notes.

ETHDenver — set to take place February 15-17 in Denver, Colorado — has partnered with UNICEF Ventures, UNICEF France and ETH startup Bounties Network on the prototype for what it calls a “positive action token,” the firm stated in the press release.

While the token is yet to have a name — indeed, its creators are appealing to ETHDenver attendees to contribute to finding one — it forms part of an incentivization program dubbed “The Impact Track.” As ETHDenver Diversity and Impact Steward Nick Rodrigues has outlined, the program encourages developers to think systematically about the positive social impact of a given piece of technical innovation:

“For example, if someone had a project where they happened to develop a way to shard more efficiently which therefore required less energy consumption, they would be meeting a sustainable development goal.”

As a non-monetary, value-driven community coin, the token cannot be redeemed for fiat currency, as the organizers report. Instead, users can use their tokens to get early access to future UNICEF and Impact Track events, mentorship sessions, incubator-style support, and similar offerings. ETHDenver has also pitched the token as “digital public acknowledgement of positive actions.”

In a separate blog post published Jan. 30, ETHDenver and blockchain startup MakerDAO (MKR) — creator of the Ethereum-collateralized stablecoin Dai (DAI) — have also announced the creation of an ETHDenver pop-up token economy based on an ephemeral “localcoin.”

Hackathon attendees will reportedly each be issued with a unique “xDai” wallet, which runs on their phone’s default web browser and is pre-loaded with the localcoin, dubbed “buffiDai.” The coin is pegged to the Dai and redeemable for food, drinks and activities at the event, the blog post reports.

As previously reported, the positive action token represents just one of UNICEF’s many forays into the blockchain space. Last month, the UNICEF Innovation Fund announced it would be investing $100,000 in six early stage and open-source blockchain companies working toward humanitarian goals.

In February of last year, the organization appealed to PC gamers to use their computers to mine ETH and donate their earnings to a charity campaign for Syrian children.

Bounties for the Oceans: Philippines Pilot by Robert Greenfield

Embarking on the first pilot for our social impact bounty project to prove feasibility and replicability

Looking towards decentralizing the social impact space, we started considering ways in which Bounties could help incentivize and organize positive global action across key UN initiatives. Having considered mechanics and usability, we launched the first bounty-based social impact project in partnership with MakerDAO back in June 2018, on World Oceans Day.

What is it?

The original bounty is very simple: pick up trash wherever you are, submit verifiable proof that you have done so, and receive 10 DAI as a reward.

Here are the key requirements of the original bounty:

  • Upload a photo of yourself with trash you have cleaned up from a park, beach, street, riverbank etc.

  • The photo must be at the cleanup site, with the day’s newspaper, a piece of paper with the date on it or camera date stamp

  • Live tweet your image, tag @MakerDao and @ethBounties using #bountiesfortheoceans and upload a screenshot

Check out the full details of the bounty and how you get started if you’d like to get involved.

The DAI bounty is still up and you can submit your cleanups. Specifically for the Philippines pilot, we recreated the bounty with an ETH payout in order to simplify the flow and enable a smooth coversion from ETH into Philippine Piso for the participants wanting to do so.

How Did it Do?

Since its launch in June, we have seen cleanups happen across the world, from the US to the UK, from Canada all the way to Venezuela and even Tasmania.

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Most of the people participating in our initial bounty were new to the blockchain space when fulfilling the bounty. It is this power of activating and empowering individual action that is most appealing about the model.

Philippines Pilot

The video below was shot on #WorldEnvironmentDay 2018 by Ian Redmond OBE, Ambassador for the UN Convention on Migratory Species, at Las Pinas-Paranaque Critical Habitat & EcoTourism Area in Manila Bay. The footage shows a volunteer cleanup happening in June this year and the need for further action is plain to see.

Our goal with the bounty-based cleanup in Manila is to re-engineer the flow of money and its distribution patterns, bridging the gap between social entrepreneurs, non-profit/NGOs and the general public. Fostering widespread and long-term behavioral shifts on a global scale will directly benefit communities, like Manila, that are intensely and increasingly affected by plastic waste. This new mechanism could also help create new jobs andvastly reduce the burdensome administrative costs afflicting most charity models today.

The overall plans extend far beyond this one project however. Imagine a borderless decentralized social impact contribution network — not only would a network like this drastically reduce the friction involved in global impact projects, but it would give individuals and organizations the tools to incentivize and activate millions of hours of human capital to collaborate towards positive social and environmental outcomes.

Contribute to the bounty or sign up as a volunteer

As part of the pilot, we are also partnering with Coins.ph on the ground so that the people participating in the cleanup can exchange their ETH into Philippine Piso and use the money to pay bills or buy groceries. The importance of having the full money flow loop is key when it comes to bridging the gap between crypto and the current financial setups. Coins.ph also offers cardless cash out from a wallet at any Security Bank ATM nationwide in the Philippines — a key requirement for working with the unbanked segment of the local population.

Here’s how you can join us & where:

Pilot Location

Las Pinas-Paranaque Critical Habitat & EcoTourism Area
Manila, Philippines

Date & Time

December 1, 2018: 8:00 AM — 5:00 PM
December 2, 2018: 8:00 AM — 5:00 PM

Reinventing Social Impact

As this is a time to create, test and improve, we will be documenting the pilot experience and results to try and understand what the implications and effects of running social impact projects on Ethereum are.

Our goal is to demonstrate feasibility, and hopefully, kickstart a powerful world-changing trend where blind trust is no longer a concept. Proof of action is.

Blind trust is no longer a concept. Proof of action is.

The second phase of the project will be the recycling & manufacturing of a product out of cleaned up plastic. Another cleanup in another region would see the bountied plastic be transported to a facility capable of turning plastic into fibre. Ideally this facility would be local to the cleanup area to limit carbon footprint.

The fibre would then be used to produce an item of clothing/footwear and be sold through a retailer. The funds raised would be put towards more social/environmental impact projects on the blockchain.

We are committed to collaborating in finding solutions for improving the world together so please join us, contribute to the bounty or sign up as a volunteer!

Become a part of our Bounties Slack community, sign up to our emails andfollow us on Twitter to follow all Bounty-based social impact progress.

My heartfelt thanks to everyone on our fully remote, fully collaborative, team and to everyone taking part in this initiative.