exalti is a digital platform through which associations and NGOs but also companies can publish their mutual help requests so the other actors can lend them time and expertise to tackle the subjects. These exchanges are based on a time-based cryptocurrency, called exalto. One exalto represents a few hours of time exchanged via the platform; and its circulation attests to its effectiveness. exalto are forged thanks to financial donations made via the platform by family or corporate foundations, companies, or individual donors.
Idea/Concept Only - No validation yet
Goal 17 seeks to encourage and promote effective public, public-private and civil society partnerships, building on the experience and resourcing strategies of partnerships. By proposing a framework (the platform) and a tool (the exalto the time-banking cryptocurrency token), exalti aims to facilitate and intensify the collaboration between all the sustainable development stakeholders."
"Luxembourg is the first targeted country: founders have a solid network of companies ready to take the step of skills sponsorship, but the practice is still little known and therefore not equipped. France is the second objective: skills sponsorship is increasingly practiced there, but here again there is a lack of tools to carry it out on a large and inclusive scale. Belgium seems to be an interesting spot as well. So far, we have identified in Luxembourg more than 10 big companies (> 2000 collaborators) and 20 nonprofits (including global NGOs) that are interested to participate in co-designing and testing a MVP of the platform. "
Each year until 2030, the date set by the United Nations (UN) for their completion, the 17 SDGs will claim between $5-7 trillion in funding. But UN already warned: the financing gap is $2.5 trillion per year. SDGs accomplishment concerns nor only nonprofits (associations, NGOs) but also for-profit businesses (typically companies) and individuals. In order to back pressure the financial difficulties mentioned above, some of these stakeholders are already sharing knowledge and time. But it is not at its optimum: - nonprofits engaged in the competition generated by this scarcity can not currently rely on any tool allowing them to make their needs known. Too often we still rely on jobboard-type platforms or worse, word of mouth and informal networks. Furthermore, valuing volunteering becomes a key subject for nonprofits in these times of budgetary tension; but lack of tools, very few actors know how to achieve this systematically and qualitatively. Cooperation between nonprofits is also struggling to be put in place: in addition to cultural and political factors, this is also explained by the lack of local skills to build such inter-association cooperation, in partnership with other actors. - some companies are already doing skills sponsorship for nonprofits. However, most of the time this is done at a small scale, with only a few employees. While at the same time, young talents ask for more commitment from their employers. Identifying missions, matching them with the employees expertise and availability, ensuring their follow-up and finally their reporting: these four steps are essential for an effective and impactful skills sponsorship at large scale. However, companies do not give themselves the means to achieve them or do not yet find solutions to help them in doing so. The founders of exalti themselves, as practitioners of skills patronage for many years, have directly experienced how difficult it is for a company to implement it in an inclusive way (for all employees wishing to do so) and with maximum impact. - 62% of the population aged 15 and over are no longer or have never been volunteers; 85% of them do not exclude the prospect of becoming or re-becoming a volunteer, provided they are encouraged or helped. In the same time, volunteering is evolving: old forms of commitment, based on long term relationship between nonprofits and volunteers, is progressively being replaced by concepts like ‘micro-volunteering’, also called ‘post-it’ commitment. This phenomenon is particularly prevalent among young people, whose attraction to volunteering is growing. For their part, donors are also evolving and seeking more impact and transparency from recipient organisations. Thus, a recent study of Fidelity Charitable showed that 41% of donors have changed their donations due to increased knowledge about nonprofit effectiveness.
Thanks to the exalto token (time banking cryptocurrency) we bring transparency by tracking in realtime the progress of the helping mission, and the exchanges between stakeholders. Qualitative and quantitative data collected and stored in the token itself at each step of the process contribute to the overall mission impact measurement. exalto are forged thanks to financial donations made via the platform by family or corporate foundations, companies, or individual donors. The financial donation converted in this way is intended to give confidence to the donor, who could track the use of his or her gift throughout its life cycle. We do not think that such a platform could be build without blockchain: previous time banking experiences has shown that for being massively adopted, these initiatives need trust and automation. Otherwise it cannot succeed. "
Founders: - Nicolas Sanitas ( https://www.linkedin.com/in/nsanitas/ ), CEO. Master's Degree in Computer Science applied to Business Administration. Digital innovation consultant at InTech, he led the creation of the Lux4Good hackathon (2018). Initiator of the exalti basic concepts. Nicolas is in charge of strategy, product design, partnership development and communication; - Nicolas André ( https://www.linkedin.com/in/nicolas-andr%C3%A9-a2290a4a/ ), CTO. Master's Degree in Computing and Technology. Consultant in the innovative digital technologies field. Full-stack developer mixing tech (Blockchain, AI) and good as a day to day motto. Advisors : - Michel Sanitas ( https://www.linkedin.com/in/michel-sanitas-472b51142/ ) - Florent Cochet ( https://www.linkedin.com/in/cochet-florent/ ) - Marc Cascant ( https://www.linkedin.com/in/mar-cascant-52a53b11b/ )
At this time, we are running on love money (set up of the legal entity, devices, hosting and tooling...). We are currently accompanied by an incubator on the business aspects, and more specifically on a seed funding stage (by the end of the year).
Spring 2020: idea was born. Participation in one hackathon (EuVsVirus, please see https://devpost.com/software/exalti ) and one call for projects ( https://www.startupluxembourg.com/startups-vs-covid19 ). Summer was devoted to present the idea to a pool of Luxembourg companies and nonprofits; feedbacks were very positive and engaging. A community is now being founded. At the same time, we have successfully passed the incorporation process of the Technoport (business incubator in Luxembourg, please see http://www.technoport.lu/ ). The legal structure will be set up in the next few days. Next weeks and months will be dedicated 1/ to business plan finalization and meeting investors and 2/ to strengthen the to-be community of exalti early-adopters.