Synergy

A toolkit, running on a distributed ledger, providing financial services for cooperatives: micro-funding, loyalty, transactions.

ProjectID

ledger_Synergy

Acronym

Synergy

Additional Info

In recent years many cooperatives have started operating in Athens, Greece but their lack of financial means limits their growth and therefore their social impact. Our goal is to provide financial services to these coops while enhancing cooperation between them. To achieve this we plan to develop a financial toolkit based on a community cryptocurrency. Utilizing the distributed ledger, Synergy will be able to provide advanced financial services, such as micro-funding, loyalty programs and instant exchanges within the community, while undertaking a privacy-by-design approach. Our end-goal is an added-value currency that would economically empower the Social Solidarity Economy (SSE) community, while also carrying an ethical value. Finally, we will undertake privacy-first approaches such privacy awareness loyalty and analytics while working on a cryptocurrency community governance model.

Enduser Relevance

A toolkit, running on a distributed ledger, providing financial services for cooperatives: micro-funding, loyalty, transactions.

Contact

contact@sociality.gr

Endorsements

Disclaimer

Cooperatives housing economy

Country:  Greece

NGI Project:  NGI ledger

Status: Operational technology (practical and/or commercial viability)

Category: Decentralized solutions (including blockchain and distributed ledger technologies)