James Song the founder of Exsulcoin believes that blockchain technology can solve many of the critical challenges faced by refugees today. Especially with the creation of an online marketplace and community, matching refugees with supporters and driven by a suite of smart contracts built on the Ethereum network.
This can improve outcomes by cutting across agencies to produce meaningful efficiencies while encouraging regulators to co-create solutions. Additionally, the creation of a mobile education platform to deliver personalized and specialized content to refugees. This will help them overcome critical integration challenges and access key services. The marketplace and platform will be linked and work together to create value across the community; for instance, refugees can take specialized courses in computer programming on the education app, link their programming achievements with verified identity documents.
This can help meet requirements for employment and then local or remote programming work through the platform. Compensation and payments can be made over both the marketplace and platform and value can be converted to local currency using existing Ethereum ERC-20 token-to-debit card solutions. These technologies working together can address major challenges faced by both refugees and governments as they struggle with the current crisis.
The ExsulChain platform is an online, on-chain decentralized marketplace designed to meet the unique needs of vulnerable populations, yet can accommodate the diverse and sometimes unpredictable needs of refugees. Interested individuals begin by creating an ExsulCoin Wallet through an online sign-up form requiring only a name and basic contact information. The ExsulCoin Wallet is a secure digital wallet used primarily to store, send and receive ExsulCoins (“XUL”), an Ethereum ERC-20 compliant token.
A "Refugee-led project” is any project that involves an individual with refugee status in a leadership position. A displaced person receives refugee status through a Refugee Status Determination (RSD) process, which is conducted by the country of asylum or through the United Nations High Commissioner for Refugees (UNHCR). Nominated projects that are listed but fail
to receive a quorum of votes, will be delisted and any funds or XUL intended for delisted projects will be returned to their source wallets.
ExsulChain is also a marketplace for nanowork: small tasks which are essential to the completion of projects. Through nanowork requests, project leaders have on-demand access to a diverse, global, and scalable workforce, thereby improving the odds of project success. Additionally, nanowork o ers ExsulChain users exible work opportunities that are not necessarily dependent on geographic locations or xed contract lengths. The project listing may request a fee paid in XUL from interested parties to comment on the project, which will serve the purpose of commencing the hiring process while simultaneously disincentivizing non-serious requests. Project leaders compensate nanoworkers for tasks completed using XUL tokens. XUL, therefore, also acts as a cryptocurrency and, depending on market value may, in the future, be denominated in smaller fractional units to accommodate user needs.
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this does not constitute any investment advice or advice to participate in crowdsale and is for informational purposes only.
the author is an advisor on the project.