Incentivised Social Welfare Coin

University UZH - Universität Zürich, Switzerland

Subject:       "Deep Dive into Blockchain"
Professor:    Prof. Claudio Tessone
Assignment:   Final Project
Authors:       Ayush Somani, Frederik Glitzner, Kharitonova Nadezhda, Martin Zbudila, Oliver Müller
Date:          July 22,2020

AUTHOR CONTRIBUTIONS

Developing an Incentivised Social Media Platform with NEO Dapp using TypeScript

Fig 1: Flowchart for the SWC Token Exchange System

A social platform to incentivize more people contribute to society by introducing a tokenized economy of benefits.

• This is an example of a Social Token, an Incentivized Social Activity Token termed as SWC (Social Welfare Coin)
  
• The Token is non-fungible (ERC721)
  
• The process is as follows: The Goverment issues Token based on an allocated Fund -> Government distributes tokens among needy individuals and organizations promoting and offering opportunities for volunteering. The contributors get rewarded for participating in volunteering activities by earning some amount of tokens -> The tokens can be later used at any public facility participating in the project like public transportation (e.g. buses, metro, bike/scooter sharing).
• At the end the token is returned to the Government and the contract is set to inactive in the system.
• We aim to create the token on the NEO ONE platform and develop a smart contract for bike sharing as an example of application.

Implementation of the Idea

Challenges faced during this project