21: LIVE with the Founders of Task.io

Stellar Global Radio with Sam: Exploring the Stellar Blockchain and Beyond

English - April 10, 2022 11:28 - 34 minutes - 31.9 MB - ★★★★★ - 1 rating
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Previous Episode: Filmed before the Ukrainian War: A look into the ambitious Smartlands project being built on Stellar in Ukraine

Next Episode: Filmed 4/20/21 LIVE with Erik Kryski, CEO of Bidali to discuss Stablecoins, partnership with Rum company Gosling's and Stellar

Task is a mobile application with a Stellar wallet embedded providing the ability to track team and community activities with a flexible ramp on/off integrations. Let’s dig into what Task enables organizations and users to do.

1. Economic communities Connecting people through economic communities is central to what Task does. Payments can be made when an activity is completed, they can be standard user-to-user payments, or they can be sent as an “Award” with a message. We believe tokens can bring communities together - whether a stablecoin, a traded coin, or a private branded token with non-financial value, these exchanges between users create a place of reward and connectivity.

2. Token payments in exchange for verified activity Getting paid when an activity is completed has far-reaching ramifications - it allows funds and grants to “drip-feed” investment into projects, delivering micro-payments as work is done. Task allows optional verification of activity before payment is released to protect funds.

3. Blockchain ledger tracking of any event All the activity gathered using the Task mobile app uses a one-way hashing algorithm to represent this data in the Stellar transaction memo field. It means that data gathered via Task cannot be tampered with, and it increases the data veracity of the organizations using Task to gather and prove their impact. Let’s look at a use case . Our customer ACTAsia tracks vet activity across China, providing pain-free operations to animals. We can see: ACTAsia are using our IMPACT token to track and reward, and here we see the hashed data stored in the Stellar transaction history https://stellar.expert/explorer/public/tx/2adac78b558f1b8bf42406941d8c0d52ad8b7b75c7fe7ef56e7a4aa33ca83ea4 We use the blockchain to not only provide payments but also to build out the data story with critical proof points to see that the organizations and communities creating real impact are the ones who shine the most.

4. Donor visibility into fund usage We also support the provision of donations to projects - and for donors, we use the Blockchain ledger tracking to provide ongoing proof of how their funds are being used. They are able to log in to the Desktop version of Task and get a transaction history of how their donation money was utilized.

5. Crowd voting and awards Awards were mentioned earlier - but it's worth adding that these subjective Stellar payments against the activities tracked means Task can provide decision mechanisms, letting the community vote with their tokens.

Learn more about Stellar and the Stellar Development Foundation: www.Stellar.Org and on Twitter at @StellarOrg