Catastrophic Risks streamline the identification, mitigation, and evaluation of Catastrophic Issues, followed by the optimal use of resources to manage adverse impacts. They provide secure public portals that empower citizens to check working eligibility, participate in WILPs, and use iVRS to report catastrophic risks anywhere, anytime. Catastrophic Risk Pathways deliver out-of-the-box functionality to meet institutional requirements, including pre-built compliance frameworks and real-time validation systems. They help members with MPM to navigate essential resources and find the right combination of levers across the risk sector landscape.
A Digital Wallet is an electronic mechanism that enables CRS for MPM on the GCRI network platforms. It allows users to make purchases and services transactions using their network credits: pCredits, eCredits, and vCredits. Digital Wallets can be used to pay for goods and services by either entering a code on associate store gateways or scanning a QR code while making purchases at a store and online.
In addition to being able to make purchases, Digital Wallets can also be used to deposit money into one’s personal and business finance account. It can also be used to validate the identity of various credentials such as PoC, Pow, PoI, and PoA. These documents can then be transferred to a third-party terminal through near-field communication (NFC) technology.
Impact Certificate or Certificate of Impact (CoI) is a deceleration of impact issued to members who contributed to the public good through MPM. It is designed to empower open collaboration by funding responsible research and sustainable innovation. A central matching pool uses the QF mechanism with PoC properties: PoW, PoI, and PoA to enable an end-to-end grant-making process.
Members interested in buying CoI can post proposals to showcase available support for high-impact projects focusing on public goods, stewardship and philanthropy. Members who deliver results via Bounties, Quests, and Builds can stack their results and issue CoIs. Companies and large organizations can accept CoIs partially or fully in the Commerce Area.
The willingness to pay for CoI is subjective and consensus-based on PoC, depending on the values and views of funders and builders. Members can maximize the value of CoI by acquiring others’ certificates or stacking credits in matching pools for risk management and innovation portfolios.
Impact Certificates issued on the GCRI platforms can be transferred without double-spending and bookkeeping issues using public-private ledger capabilities integrated into CRS for cloud and blockchain-based environments.