Previous Work and Achievements
Community Inclusion Currencies: Grassroots Economics has successfully implemented community inclusion currencies (CICs) across several communities in Kenya. These digital currencies are backed by local goods and services, enabling trade even when national currency is scarce.
Impact and Reach: Over the past years, Grassroots Economics has facilitated more than 1 million blockchain peer-to-peer transactions, directly supporting local economies and fostering economic resilience.
Partnerships and Collaborations
Red Cross Partnership: Collaboration with the Red Cross has enabled legal validation and wider acceptance of community asset vouchers in Kenya, Cameroon, and Uganda, enhancing the project's legitimacy and scope.
Cooperation with Academic Institutions: Engagements with local and international universities have provided research support and validation, helping refine methodologies and strategies.
Technological Innovations
Decentralized Ledger Technology: The use of blockchain for the Commitment Pooling Protocol ensures not only transparency but also democratizes access to economic resources, reducing potential for corruption and increasing community trust.
Mobile and Digital Platforms: The Sarafu network and related mobile applications facilitate easy access to community asset vouchers, expanding reach even in remote areas.
Environmental Impact Assessments
Carbon Sequestration Projects: Previous initiatives have quantified carbon sequestration impacts, aligning with global efforts to mitigate climate change.
Biodiversity Enhancement: Projects have documented increases in local biodiversity through the restoration of natural habitats, contributing to ecological health and sustainability.
Awards and Recognitions
INATBA Awards for Regenerative Finance: Recognition for innovative approaches in integrating blockchain technology with regenerative economic practices.
Additional Information for Eligibility Consideration
Sustainability and Resilience: The project's design inherently promotes sustainability by leveraging local resources and traditional knowledge, ensuring resilience against economic and environmental shocks.
Adaptability to Changing Conditions: The flexible nature of the Commitment Pooling Protocol allows for adjustments based on evolving environmental conditions and community needs.