The humanitarian sector will have open, free access to the Forward Protocol ecosystem, allowing them to promote a new mechanism for students to contribute in helping global communities build resilient local economies and break the cycle of poverty.
All code, systems, smart contracts, and algorithms will be open-source and available with easy-to-use drag and drop functionality in a no-code environment. Together, they work to give students access to Web 3.0 platforms.
It will also support the “innovation and infrastructure” SDG5 by providing new academic activity and outcome data for people who are unbanked or underbanked.
The blockchain ledger serves as secure data collection available to the humanitarian sector, promoting a deeper understanding of how students in vulnerable communities can contribute to the local economy and use this as the basis to roll out this initiative in other communities.
Learning, earning, and spending have the potential to be interconnected.
Measuring the impact of an increase in the transfer of value received in a community can provide both qualitative and quantitative measurements for economic, environmental, and social indicators and impacts.
Measurements of impact across sectors can provide invaluable data regarding demographics, they can be packaged into valuable indices for development and used as standards for proof of impact related to the Sustainable Development Goals (SDGs). SDG impacts can have various measurements using Forward Protocol’s blockchain transaction data, and the direct benefit to a community, measured and compared to other sectors such as water, food, transport, labor, food, health, etc.
An example from the Decentralized Humanitarian (DeHum) sector: An aid organization distributing funds can use it as the reward wallet to incentivize good behavior in refugee camps or settlements (picking up litter, education and camp governance, conflict resolution, etc.). The rewards are distributed based on the proof of value framework, which is the value placed on a person's contribution to society and how they improve the environment for the community. This figure is based on the demand and interaction of the end-users. It is usually a product of importance to community members and can be measured by the number of upvotes received, exemplary acts of leadership, contribution to community structures, etc.
It can also be used to reward community engagement and behavior in a social or community token environment.