Guest blog from Moojan Asghari, Thousand Faces Co-founder and CEO
Thousand Faces is a reward-based crowdfunding platform powered by Partisia Blockchain. It aims to address funding gaps and support impact-driven female founders. With only 1.9% of venture capital funding allocated to all-female founding teams, there is a huge gender gap in funding.
While women currently make just 30% of climate-related decisions, they have proven to excel in building sustainable businesses, resulting in organizations led by women being 2.5 times more profitable. Recognizing the significance of funding more women and providing them with leadership opportunities, Thousand Faces seeks to democratize funding for women and minorities by offering both financial resources and a powerful network.
Driven by the frustration of limited funding and support for underrepresented groups, we embarked on a mission to leverage the principles of Web3, namely transparency, ownership, and decentralization, to serve both people and the planet. The lack of inclusivity in investment decisions, particularly regarding women and minority-led ventures, poses a significant challenge. Research shows that unconscious bias often leads investors to favor individuals who resemble themselves, perpetuating the underfunding of women and minorities. To address this issue, Thousand Faces turned to the powerful capabilities of Partisia Blockchain.
Partisia Blockchain introduces an innovative approach to tackle this problem through its zero-knowledge and voting mechanisms. Leveraging the secure content and zero-knowledge voting developed by Partisia Blockchain, Thousand Faces is building a decentralized autonomous organization (DAO). This empowers the creation of an inclusive and transparent voting system that ensures the active participation of a diverse community.
The voting system operates at two levels. Firstly, a diverse jury panel plays a crucial role in the initial voting stage, utilizing the zero-knowledge bootstrapping of Partisia Blockchain to ensure process security. Additionally, a committee-based second level of voting includes the entire community, consisting of token holders and NFT members. This approach guarantees that community members, who act as funders and supporters, have a voice in selecting projects and monitoring their progress.
Thousand Faces has already launched its first membership and NFT collection, available on the website for interested individuals to explore and apply for private sales. You can apply to join the Thousand Faces membership on the allowlist here. The platform has also established a dedicated member’s board and successfully completed its inaugural acceleration program for female founders. We received over 200 applications from nearly 80 countries, aligning with diverse UN Sustainable Development Goals (SDGs). From Kenya, Nigeria, Germany, Lebanon, Singapore, and the UK, six outstanding projects reached the final round. At the awards ceremony in April, the top three were granted US$30,000, with support from sponsors including Sandbox and the World of Women Foundation.
To stay updated on our latest developments and join us on our exciting journey, follow us on Twitter or visit our website. We’re excited to be part of the Partisia Blockchain ecosystem and are fully committed to transforming the inclusivity in the web3 space and beyond.
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Guest blog from Mariia Kren, eTrusty Co-founder and CEO
Corruption represents a significant hindrance to both economic growth and human development. Among various processes, procurement is particularly susceptible to corrupt practices, leading to substantial financial losses estimated at around €400 billion per year in European public procurement.
Furthermore, the procurement market faces another challenge as it is expected to grow from US$12–US$13 trillion in the next five years to approximately US$16–US$19 trillion. As procurement costs rise, the need for tender sites to scale rapidly becomes increasingly important.
In our commitment to combat corruption, restore trust in procurement, and facilitate the scalability of procurement platforms, we are delighted to introduce eTrusty.
By implementing blockchain technology, eTrusty fosters transparency through a publicly accessible ledger, ensuring secure and transparent monitoring of transactions and information. Moreover, it provides a decentralized and immutable data state, ensuring the secure storage of data. These features effectively mitigate client distrust and significantly reduce the risks associated with technical fraud.
A pivotal aspect of our confidence in implementing eTrusty lies in our collaboration with Partisia Blockchain. By harnessing the power of Multiparty Computation (MPC) with Zero-Knowledge (ZK), eTrusty establishes customizable layers of privacy for various aspects of procurement, such as applicants, judges, and results. This robust privacy framework effectively combats human fraud, coercive practices, and bribery. To elevate the scalability of eTrusty, we have integrated Partisia’s groundbreaking solution, Bring Your Own Coin, to establish a cross-border solution. Furthermore, the architecture of eTrusty enables customization to cater to diverse procurement requirements.
Currently, we are diligently developing our smart contracts, user interface, and back-end prototype. Our Minimum Viable Product (MVP) is scheduled to be completed in the last quarter of 2023. This MVP will be a web application showcasing all the key features of our API, which we plan to seamlessly integrate into existing tender platforms in the future.
The mission undertaken by eTrusty is of utmost importance and highly relevant in the current business landscape, where accountability and transparency are increasingly demanded. We eagerly anticipate the continued evolution of eTrusty’s protocol and its meaningful contribution to the broader objective of cultivating a fairer and more sustainable global economy.
As proud members of the Partisia Blockchain ecosystem, we invite you to follow us on our journey to shape the future of procurement!
15 May 2023 — Today marks the launch of the Insights Network’s Parti.com, a unique platform that empowers creators with Web3 technology and cryptocurrency transactions for content monetization. This hub for creators provides unprecedented control over their creative output, while enabling them to earn revenue through self-hosted cryptocurrency. Parti.com is built on the open-source technology of Partisia Blockchain, renowned as the world’s first privacy-preserving, next-generation blockchain. It offers multi-network currency support and affordable transactions.
Parti.com, designed to be an inclusive platform, provides users with self-custody of their funds, ensuring complete ownership and control. The platform’s ease of use, facilitated by a straightforward account setup process via Discord or Twitter login, makes it accessible to both creators and consumers.
Parti.com simplifies the buying and selling process by completely removing third parties, such as traditional banks and other Web2 financial institutions, from the monetization process. This marks the first time that creators and content consumers can interact within a completely peer-to-peer network, without payment processors or middlemen holding user funds.
One of the key features of Parti.com is the ability to create and sell NFTs directly from creator profiles, simplifying the process of content monetization. The AI Zone helps new creators generate art rapidly; thereby, democratizing the digital art landscape.
Furthermore, Parti.com breaks new ground with its application of NFTs as utility tokens, granting access to exclusive content. This concept, known as “tokengating”, is set to change the way creators engage with their audiences, fostering deep, meaningful connections. An easy-to-understand use case could involve a content creator creating a pass with a maximum of 1,000 units sold. All holders of this NFT, upon signing into their platform with their wallet, are granted access to all of the creator’s private content available on their Parti.com channel. This process, completely automated by the blockchain, creates a direct, creator-to-user connection that surpasses anything the current market offers, be it Web2 or Web3. The platform also accommodates transactions with ETH in Metamask, providing users with the flexibility to transact in their preferred cryptocurrency.
To jumpstart the network, Parti.com offers the unique “Hall of Fame” (HOF) NFT pass. This limited NFT access pass grants users master access to the entire network, enabling the first users to buy into the entire network and never have to pay for content access again. Coupled with the platform’s low transaction fees, this feature is set to redefine the value proposition for content creators and consumers. In the future, if users wish to leave the network, they can always offer the pass for sale in the upcoming NFT marketplace.
Parti tokens function as the platform’s currency, which users can use for buying and selling. Creators incur a 0.1% platform fee when selling NFTs or content in Parti tokens, compared to a 5% fee when using ETH or USDC. Although this fee model is subject to change, there is currently no fee for creators for at least the next three months, serving as an incentive to join the network early.
In essence, Parti.com is more than just a platform — it is a revolution in the creator economy. It is dedicated to providing creators with the tools they need to thrive, while offering consumers a new way to interact with and support their favorite creators. As the digital landscape continues to evolve, Parti.com stands at the forefront, poised to transform the creator economy with the power of Web3.
About Parti.com: Parti.com is built by Insights Network, a web3 Company founded in 2017 and through multiple market cycles.
About Partisia Blockchain Foundation: Partisia Blockchain Foundation brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with more than 30 years of rigorous research, Partisia™ Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
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