Incaptor: The Game Changer of CSR

About CSR-

Businesses are a backbone to the country's economy. Businesses tend to work in a way so as to maximize profit, such that along with the entrepreneur, the country's GDP increases. The world today has shifted its focus to capitalism, and in this cut throat competition of success, profits and recognition, ethics of business have somehow been undermined.

Corporate Social Responsibility is a self-regulation that are to be adopted by companies by which they must support such kinds of ventures that would lead to sustainable development in the long run. Critics argue that a business's focus should always be to frame strategies for maximum profit and CSR leads to deviation of a business from its economic role.

Hence, in the recent times, international laws have been framed to ensure that CSR is a part of every business model. However, there has been a shift from businesses' complying with the law to voluntary adoption of CSR policy because it builds a trust towards the brand, increase sales and also benefits the society as a whole.

Current Scenario-

The process of adopting social causes, is a messy process. Causes should align with the business model of a company. If there is a Cause that aligns with the company's policies, the funding and manpower might not be adequate according to the company's needs. Similarly, for a social cause by an NGO, finding businesses that match with its requirements is a difficult task. Negotiations are difficult to carry out because of diverse needs.

Furthermore, the transactions have a lengthy procedure which is inconvenient and tedious. There is frequent miscommunication and friction in between Brands and Causes because of lack of transparency, reliability or incentives.

Thirdly, Volunteers that want to work with such Causes have no platform to show their skills or keep a record of it, such that their capabilities can be measured to ensure that they are in line with the Cause and Brand. In short, Volunteers do not have experience as a governing factor for their contribution. Another huge disadvantage is that, there is no quantitative measure of how successfully the brand is able to create an impact, which is sustainable and innovative.

Such shortcomings may result in failed projects by NGOs or other Causes, losses in business and Volunteers not getting enough recognition and acknowledgement.

About Incaptor-

Inpactor is a platform for Brands, Causes and Volunteers to unite and make successful, impactful and creative projects. It uses blockchain, smart contracts and distributed networks to revolutionize the business model and convert it into a CSR friendly one. It is a platform by Incitement, which has various CSR related projects. Brands can use this platform to find projects that suit their requirements with the help of filters which refine searches. Causes can do the same for searching adequate brands.

Volunteers can put their applications for the projects they are interested in. After the completion of the project, they can keep a record of it in their profiles which is transferable to any other platform. Incaptor uses Proof of Impact technology and Hourglass to determine the success of a certain endeavour and make Impact Report for it. Transactions are made via CSR tokens, which are of two kinds, CSRi which is used inside the ecosystem and used to record transactions and CSRm, which is used inside as well as outside the ecosystem, for Stake of Impact function. It also has a premium version, in which subscribers get paid features and perks.

Conclusion-

Thus, Incaptor is a great initiative which is working for both an economic boost as well as for social welfare to help businesses and NGOs and the society in general. Most importantly, it gives a platform for volunteers who are often less appreciated and acknowledged by the people they work for. With transparency, security and a seamless, easy to work interface provided by Incaptor and its skilled team, it will surely change the face of the world, for good.

Website - https://www.theincitement.com/inpactor/

Whitepaper -https://www.theincitement.com/docs/inpactor_paper_latest.pdf

ANN - https://bitcointalk.org/index.php?topic=3283594.0

Telegram - https://t.me/theincitement

Published by - Etheran

Profile - https://bitcointalk.org/index.php?action=profile;u=1108165