#22: Smart Social Contracts

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May 01, 2019

Edited: May 02, 2019

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Concept: Smart Social Contracts - Make companies' CSR promises transparent

Team: Massimo and Subhankar

7 comments

7 Comments

elke gottschalk

May 02, 2019

very interesting perspective: hold companies accountable and make CSR contributions transparent! Other aspect to include could be what impacts is CSR investment generating, I remember having seen some failures like not functional toilets installed in schools etc. Not sure how this would be related to the blockchain technology?

Unknown member

May 02, 2019

Replying to

Hi Elke, thanks for the very pertinent question. I think the toilets supported by the CSRs are not properly done because there is a disconnect between the core business of the company and their CSR. Because they dont see the shared value. CSR for the companies has become a mandatory compulsion which they implement to oblize the government. I think this innovation helps the CSR to make their product stand out not only because of the quality and superior pricing but also because of the social commitment every purchase will serve. I think it's a fascinating idea and will make CSR a win win proposition.

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