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Decentralized
Fair
Efficient
Transparent
Fast

Ecosystem For All

S.O.S Chain

For creating fair value chains among Social Economy Actors:
S.O.S Chain Fund project is developed.

Social capital is the network capacity of people and enables the power of responsible actions for the human development and protection of the planet. Yet economies and scales are unfair with increased inequalities, climate crisis, disasters, poverty, refugee and identity issues which depict central systems are fragile and no longer resilient. Fair and social capital is growing with a social economy ecosystem yet needs a fair value chain.

Fair Value

According to the European Union, 8% of EU GDP is transacted under the social economy, representing 2.8 million institutions, and creating 1.3 million jobs to tackle financial exclusion, poverty and skills gap.

This was created by collective actions of Social Economy Actors: platform cooperatives to impact funds to social enterprises to traditional civil and civic society actors who took responsibility for growing local, national, regional and global crises via founding social and fair capital and trade.

Efficient & Transparent

During disaster and rapid crisis times payment bureaucracies, verification problems, high administrative costs, aid coordination, effectiveness, corruption, collapse of local economy, governance and lack of transparency are key problems.

Responsible individuals, networks and institutions, Social Economy Actors, aim to make the world more efficient and transparent. Creating a decentralized fair value chain with progressive governance is the “raison d'etre” of S.O.S Chain.

Fast & Target Oriented

Fast and target-oriented payments, oracle-based decision making, transparent allocation of funds, subnet wallets for trusted local NGOs, accountability for supporters.

Needs and Supports are the two key themes through which one of the co-founders of SOS Chain; needsmap.coop enabled to match more than 10 million transactions with the volume of 500 million USD in the last five years. Thus, the smart contract of S.O.S reflects a decentralized trusted web coalition of social economy actors to make cities, people, and the planet be antifragile against disasters.

FAQ

How does S.O.S Chain work?

S.O.S Chain is a fully on-chain parametric fundraising platform for charitable causes. S.O.S Chain makes it possible to create a blockchain-based infrastructure for launching funds to react to disasters and humanitarian crises in a timely and transparent fashion.

Onboarded causes can collect donations in native and ERC20 assets (configurable to accept some or all), while remaining custodian of the collected funds. S.O.S Chain orchestrates the transfer of crypto assets from the donor to the cause's EOA/Gnosis Safe and rewards the donor with a complimentary NFT representing their donation.

SOS Chain also provides an interface for on-chain support requests in alignment with the fund's cause, such as a request for funds to remedy the damage caused by a recent wildfire from a fund with a relevant focus. Any such request will go through a set of checks, determined by the fund's settings, before being finalized successfully or unsuccessfully.

The checks may either be manual (i.e. an approver verifying the need off-chain, then signing with their wallets) or automated (i.e. an oracle communicating with an off-chain API to determine, say, whether a wildfire really occurred in/around the provided coordinates). Upon successful finalization of all checks, based on the fund's settings, the requested support may be automatically transferred, or (in case of a multi-signature Gnosis Safe contract) initiate a blockchain transfer pending signature of other stakeholders.

What is S.O.S Chain used for?

The S.O.S Chain Fund project is developed to create fair value chains among Social Economic Actors. Social capital is the network capacity of people and enables the power of responsible actions for the human development and protection of the planet.

  • Facilitates global solidarity for disasters (Fires, Earthquakes, Floods, Drought, Food Scarcity etc) and humanitarian crisis
  • Provides a fundamental infrastructure for social economy actors to raise and distribute funds in a timely and transparent fashion

Yet economies and scales are unfair with increased inequalities, climate crisis, disasters, poverty, refugee, and identity issues which depict central systems are fragile and no longer resilient. Fair and social capital is growing with a social economy ecosystem yet needs a fair value chain.

How does S.O.S Chain controls fairness?

S.O.S Chain controls fairness through hybrid coordination of web of trust, disaster oracle, social economy actors and local volunteers. As shared at validation part of smart contract once a disaster happens its level of rapidness is decided, once decided, the release protocol is implemented.

What are the benefits of S.O.S Chain technology?

  • Technology is beneficial to SEA’s to reach rapid funds under the global solidarity umbrella with their subnet wallets.
  • Technology is also beneficial to all cities, countries, regions as the S.O.S Chain acts as a SOS Fund that provides material, financial allocation for the recovery of the field.
  • S.O.S Chain is also beneficial to the local economy as all SEAs are encouraged to reach and buy from local suppliers.
  • Financial S.O.S Chain Technology enables every person and institution to participate and volunteer for any disasters from wherever they do live.

Roadmap

  • Phase 01
    - Concept Design
    - Research
    - Main Rules & Behaviours
    - Lite Paper
  • Phase 02
    - Platform Architecture
    - UI Development
    - Smart Contract Development
    - Ideathon Event
  • Phase 03
    - Internal Audit Check
    - TestNet Launch
    - Avalanche Summit 2022
  • Phase 04
    - Beta Testing
    - More Rules & Behaviours
    - Partnerships & Collaborations
  • Phase 05
    - Getting Ready for Launch
    - Third Party API Integrations
    - Smart Contract Improvements
    - Security Audit by CertiK
  • Phase 06
    - MainNet Launch
    - Tokenomics