Impact Score

What is Impact Score?

In the pursuit of creating an effective and comprehensive impact measurement tool, Socious has conducted an extensive review of existing impact measurement systems. The result is a proprietary Impact Score system designed to quantify social and environmental contributions.

Impact Score on the Blockchain

Distributed ledger technology brings transparency to the impact scoring process while simultaneously ensuring data privacy and efficiency. Decentralization enables users to manage their own data independently, without relying on centralized organizations using subjective processes.

Those without traditional banking access can establish creditworthiness through sustained positive actions, gaining access to needed resources. Blockchain's proof of stake mechanism provides security from hacks and data manipulation. The open-source, peer-to-peer platform undergoes rigorous audits.

Framework

The Impact Score design draws from existing systems, measuring both single and ongoing events. The system combines on-chain and off-chain features for efficient, accurate calculation.

The score derives from multiple subcategories representing different impact activity spheres, with adjustable weightings allowing customized solutions for various client needs.

For details on how the score is calculated, see Impact Score Calculation.