Crypto Altruism Podcast Episode 46 - Tokenizing Social Impact Pt. III - Impact tokens, smart contacts, and the oracle problem – how do we reconcile them?
In this episode, we welcome back Michael Cooper, Director of Monitoring, Evaluation, and Learning at Panagora Group, to continue our discussion on social tokens and how to effectively monitor impact, and breakdown the Oracle Problem, a complex challenge that can limit the potential of social tokens.
Part I - An introduction to social tokens
Part II - Fishcoin and “Best Fit” tokens
About Michael and Panagora Group
The Panagora Group is a leader in providing evidence driven innovation in social impact to the United States Agency for International Development and is actively building the tools for effective and ethical digital impact. Along with colleagues from the Research Institute for Cryptoeconomics, Notre Dame and Cardiff Universities, Michael has recently published a paper that explores the use of tokens to achieve the behaviors necessary for social impact, which can be found HERE.
In his role with Panagora group, Michael works with foreign assistance providers from various U.S. federal agencies, the United Nations and World Bank in designing and learning from social impact interventions. His mandate is to build evidence to improve the design and management of social impact interventions using government funds. He has worked in 27 different countries and completed fellowships with the University of Notre Dame on the use of data science in decision making and is now focusing on building the initial learning agendas and protocols for optimizing the use of blockchain technology for social impact.
Social Links
Follow Panagora Group:
Follow Michael Cooper
Episode Time Stamps:
02:16 – Give us an introduction to impact tokens and how they work
07:29 – What is the oracle problem?
10:17 – What are some of the limitations that the oracle problem creates for impact tokens?
12:14 – What are examples of oracles?
18:47 – What are some of the steps we can take to address the oracle problem and expand the use of social tokens in the future?
20:43 – Looking forward to the future, what do you think the social token will look like 5 years from now?
23:30 – What needs to be done to make blockchain more accessible to non-profits?
28:00 – What’s the best way for listeners to learn more about you?
29:04 – What gets you most excited about the intersections of social impact and blockchain?
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