Swae partners with Rutanio to support their process for broader distribution of RUTA tokens towards innovative entrepreneurial grant projects enabling community-based decision-making

The Vision: A Participatory and Knowledge-based Economy 

Medellín, Colombia, is in the process of engineering its reinvention. In less than three decades, it’s attempting to reposition itself from a hotbed for cartel violence and “the most dangerous city on earth” to the “Silicon Valley of South America.”

At the forefront of this transition is the Ruta N center, an innovation hub responsible for spearheading and coordinating the transition to a more prosperous and future-compatible economy. 

Ruta N’s job is to connect people, businesses, and companies to create new economic opportunities while supporting progressive and innovation-friendly public policy development to encourage digital acceleration and entrepreneurial growth. The organization cooperates with different international organizations to bring disruptive solutions to the city. They’ve created a hub, academy, and Distributed Innovation Platform to experiment with technologies and develop capacities to execute projects in a creative learning environment for innovative initiatives that will connect with global innovation and entrepreneurship communities.

Medellín, the city of eternal spring and the second-largest city in Colombia
(Credit: Rutanio)

As such, the Ruta N group is trying to shape a model where innovation is the primary driver of the economy and well-being of Medellín, with the mission to transform the city into a “knowledge economy” working closely with the government and other industry-leading stakeholders.

“What makes Ruta N unique is that this is an initiative backed up by public policies, and we are working on innovation and technology for almost 10 years because Medellin thinks that if we have a sustainable economy, this needs to be based on knowledge,” said Sin Kit, CTi solutions developer at Ruta N.

Elkin Echeverri Garcia, the former planning and foresight director at Ruta N, said that “The system we’re searching for isn’t to have more unicorns or to win the Nobel Prize…but to improve the standard of living.”

Rutanio and the RUTA Token: The MVPs of this Future Vision 

The Rutanio Project is an initiative catalyzed by Ruta N, supported by Medellín’s Mayor Federico Gutiérrez and local startup advisors, international Colombian business leaders, and diaspora community members.

The goal of the Rutanio project is to create a “Minimum Viable Economy” through the use and proliferation of an Innovation Token, the RUTA, which will facilitate the exchange of services, force digital adoption and digitization, eliminate high transaction costs, and generate value in the knowledge and innovation economy.

Rutanio intends to internationalize and accelerate the ecosystem of innovation, entrepreneurship, and creativity to provide the world with a simple, transparent and reliable way to access resources, capabilities, and talent.

Rutanio has developed the RUTA, a Complementary Digital Token and network that uses cryptographic techniques and provides top security to prevent counterfeit or duplication of token transactions. The purpose is to allow and facilitate, both in public and private sectors, the exchange of services, support of profit systems, elimination of friction in transactions, and generation of value in the knowledge and innovation economy.

Rutanio has also developed a blockchain ​​platform for the RUTA social token and an exchange market that desires to foster connections and support progressive entrepreneurial development. You can learn more about Rutanio and its mission by watching this video here.

Swae’s Role in Supporting a New Economic System Built on Collective Decision-Making

The Rutanio team initially approached Swae to request access to the platform to begin decentralizing decision-making and helping them include their community in important strategic decisions. Originally, they planned to invite their community members into a grant funding program to request RUTA tokens to build projects and initiatives that improve the value of the entire Rutanio ecosystem, and the usability of the RUTA token, for every member. 

Since Swae was built to provide everyone inside an organization an equal voice to raise solutions and shape decisions to create an inclusive decision-making environment, we chose to sponsor an annual license for Rutanio to help them realize their mission. 

Rutanio will utilize the Swae platform to help them: 

1. 1. Collect feedback from community members.
   2. Increase knowledge and adoption of blockchain technology in the city.
   3. Generate business opportunities.
   4. Accelerate the development of the technological capabilities of ecosystem members.
   5. Advance regulatory issues for distributed ledger technologies.
   6. Democratize and internationalize the Ecosystem of Innovation Articulated by Ruta N.

Swae’s collective intelligence, collaboration, and crowdsourcing features will allow members of the Rutanio community to create proposals anonymously with the support of AI that will improve the quality of those proposals and then open them up for the input of the larger community. The crowdsourcing feature will enable the proposals to be debated on their merits, edited with others’ perspectives, and voted on by all active members of the community. The proposals that receive the highest engagement (positive or negative) automatically percolate upwards to a decision by the Rutanio Community Council to fund the projects with RUTA tokens.

Using Swae, community members can apply for 3 streams of funding:

• Less than 250,000 RUTAs
• Between 250,000 – 750,000 RUTAs
• More than 750,000 RUTAs

The process set up by Swae helps Rutanio’s Community Council gather a greater level of truthful input, arguments, and data points to improve proposals to drive distribution and usability of Rutanio without creating a tremendous burden of added work for the members.

This new space facilitates community-driven decision-making, giving their community an intelligent decision-making platform combining anonymity, artificial intelligence, and collective intelligence to help the organizations unleash the creativity of their members and make better quality decisions.

How Swae’s Technology Supports Tokenized Communities and Facilitates Bottom-Up Decision-Making

As more and more tokenized communities/Decentralized Autonomous Organizations (DAOs) seek to build genuinely community-driven programs, Swae is poised to become the platform to support these efforts. The uniqueness that Swae brings is that it’s much more than a crowdsourcing and voting platform; it’s a robust, community-driven, and consensus-building platform that enables decision-making driven by collective intelligence. 

The world of Web3 and the explosive growth of Decentralized Autonomous Organizations (DAOs) will be a hotspot for experimentation around community governance. 

The features and functions that Swae offers that benefit tokenized communities includes, but are not limited to, the following: 

• Rich formatting options when creating proposals
• The affinity with AI-supported tooling, such as the NLP writing tools built-in
• The ability to contribute Proposals, Comments, and Suggestions anonymously, allowing the difficult things to be said openly and discussed 
• Interactions are fully accountable and transparently tracked to allow for open community-based interactions
• The team at Swae can collaborate for customized developments within the platform that can enhance roadmaps and allow for the co-creation of more elaborate new features as desired.

Today provides a unique opportunity for Swae to become the grant management and governance platform of choice that can support progressive DAOs (Decentralized Autonomous Organizations) across the globe. 

The blockchain business models of DAOs are forging a promising new ecosystem for the exchange of services (internationally), entrepreneurial projects, and other digital startups. Swae strengthens a DAOs community by allowing more people to have a say in the decisions being made, providing an open and safe space where there’s accountability for the decisions and processes implemented, and a place to document outcomes creating an ongoing learning-based system of what works and what doesn’t. 

Swae sees the city of Medellín and Rutanio’s innovation and development center as progressive concepts. Many regional and local systems can mirror this approach to help solve real problems that provide a benefit to society and generate value through an open, collaborative and multidisciplinary approach. 

Swae is a powerful tool for bottom-up and community-led governance to structurally and culturally prepare governments and organizations for a management philosophy that is less hierarchical and where everyone can be included. 

At its fundamental essence, Swae provides organizations, government agencies, and DAOs an end-to-end proposal development and collective decision-making system, helping the collective users make sense of their members’ desired wants and needs, revealing hidden opportunities for consideration, and turning these into positive implementations.

Swae is helping organizations across the world to solve today's problems and generate tomorrow's strategy. Our clients are finding that their greatest resource is their people, and Swae is proven to help get the best from the untapped potential within their workforce. We'd love the chance to show you how Swae can 'pay off' for you...

Ready to learn how Swae can help your organization?

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Swae, a Vancouver-based technology startup operating a bottom-up idea management and decision-making platform, has been chosen by SingularityNET’s executive team to support their Deep Funding grant allocation program, which offers their token holders from around the globe a chance to apply for up to $1M in grant funding for winning AI projects.

The Deep Funding program intends to distribute up to $1M USD equivalent value in AGIX tokens (valued at 0.11 USD per token) in the first funding round between March and May 2022. These rounds are expected to grow in size and scale after this initial implementation.

A budding partnership to power next generation DAO governance and their plans for progressive decentralization and community-driven decision-making

About SingularityNET’s DeepFunding.AI Grant Program

The Deep Funding program is an initiative from SingularityNET to seed the decentralized AI platform. In this program, they will offer a total of $1 Million in grants in round one. The project is searching for AI and app developers working on innovative AI products that will help grow the AI platform, to send in their proposal. The chosen project winners that will receive funding will keep ownership of their AI model, and be able to monetize their intellectual property and contribute to building a global ecosystem of decentralized AI (see DeepFunding.ai).

Hear about the Deep Funding Program directly from SNet’s Founder, Dr. Ben Goertzel

The Community’s Role in the Deep Funding Program

Deep Funding is intended to be a genuinely bottom-up and community-driven program where community involvement is essential for reviewing proposed grants and projects to ensure the best make it to the top.

Community members are invited to submit new grant proposals, read and review other proposals that come in, and help improve them through collaborative edits to help make the proposals cleaner and without errors. Collaboration will include the ability to point out strengths, risks, ask questions, as well as rate them against other idea proposals.

The collection of constructive and collaborative changes will signal to the wider community which proposals are gaining the most traction and are best positioned to be considered for an official vote and potential grant win.

Through the process of collective intelligence and constructive criticism from the community, the best proposals and projects will be prioritized and supported to implementation, and SingularityNET will begin practicing how best to implement community-driven governance for its DAO.

How Swae Powers the Deep Funding Program

Using Swae, Singularity NET will invite proposing teams and community members the following top goals: 

• The program will gather a constant supply of high quality AI project proposals that are a good fit for the Deep Funding Program
• Create continuous and constructive community involvement
• Prepare for scalability to support a longer term program potential

AI project teams from around the world will use Swae to introduce themselves and promote their project proposals into the greater community and receive valuable feedback.

The projects that are chosen as grant winners will receive funding through grants to develop their AI project using AGIX tokens from SingularityNET’s DAO platform called SingularityDAO.

Once the winning projects have been funded, the winning teams will launch their AI service on the decentralized AI-platform to start monetizing their service. There are two levels of grants that will be offered in round one:

1) $500.000 USD of AGIX will be distributed for smaller proposals with a maximum of 40.000 USD worth of AGIX per proposal

2) $500.000 USD In AGIX distributed to larger proposals with a maximum of 150.000 USD worth of AGIX per proposal.

See https://deepfunding.ai for more details. 

Why Swae was Chosen to Support the Deep Funding Program

Swae was chosen by the SingularityNET team as they found Swae to have all their desired features and function sets. They’re seeking to build a genuinely community-driven program, and Swae is much more than a crowdsourcing and voting platform, it’s a robust community-driven and consensus-building platform that enables decision-making that’s driven by collective intelligence. Swae was chosen for many reasons, including:

• Rich formatting options when creating proposals
• The affinity with AI-supported tooling such as the NLP writing tools they already have built-in
• The ability to contribute Proposals, Comments or Suggestions anonymously- allowing the difficult things to be said.
• The way that interactions are fully accountable and transparently tracked is a solid starting point for community-based interaction.
• The willingness of Swae’s team to collaborate in developing the platform gives the SingularityNET foundation and community an opportunity to enhance their roadmap, or even co-create with them, on the development of elaborate new features.

Pictured above shows Swae’s AI capabilities and reviewing process, whereby users benefit from various NLP AI algorithms to improve the quality of their initial proposal or idea. Some of Swae’s algorithms improve basic grammar, tone, sentiment and emotion, and more advanced algorithms under production will help detect bias in language and suggest evidence to further strengthen their ideas.

About SingularityNET

SingularityNET is one of the most ambitious web3, blockchain, and AI projects ever conceived in the world. 

The next cornerstone of the AI platform is ‘AI-DSL’, a protocol that allows individual AI services to dynamically find and communicate with each other, forming ad-hoc collaborations that are capable of much more complex tasks than any individual service would be.

This way, the project aims to remove one of the major limiting factors to AI growth today — the lack of interoperability — which severely restricts the ability to leverage the strengths and capabilities of individual AIs. The Sophia robot, the world’s most expressive robot, is one of our first use cases of this vision.

SingularityNET’s vision is to combine AI and blockchain to create a decentralized marketplace for different types of AI. This ecosystem is powered by the AGIX token that enables companies, organizations, and developers to buy and sell AI, but will also facilitate large numbers of autonomous transactions between all individual ai services. This capability will be further enhanced by HyperCycle, a novel Cardano Sidechain protocol, specialized in decentralized AI and capable of supporting the massive number of transactions needed for the future AI economy. SingularityNET’s “AI-as-a-service” aims to become the key open-source protocol for networking AI on the internet. A long term goal is to form a coordinated Artificial General Intelligence within the market network. It is an ambitious mission but the whole AI field is in its infancy (see SingularityNET.io).

In December 2017, @SingularityNET carried out an Initial Coin Offering (ICO) to raise funds for its ambitious vision and project. It is reported that their ICO was fully subscribed and raised $36 million USD in just 60 seconds! The Singularity team reported that the crowdfunding was capped after receiving $361 million in investor interest on its white list from more than 20,000 erstwhile investors.

For more info about SingularityNET, watch Dr. Ben Goertzel presenting SU Net at the World BlockChain Forum

About Swae

Swae is an idea management and decision-making platform that reveals solutions to problems directly from employees or stakeholder groups.

Founded in 2018, in Vancouver Canada, Swae’s platform disrupts the traditional hierarchy found within large organizations and provides a transparent and inclusive hub for ideation and collaboration. The combination of collective intelligence, AI and anonymity provide the foundation for users to provide critical feedback, improve ideas and vote on which ones move forward.

Organizations around the world use Swae to bring all voices to the table so they can uncover and benefit from the untapped collective intelligence from within.

For more information, visit www.swae.io or contact Swae’s Media Relations Team here.

Swae is helping organizations across the world to solve today's problems and generate tomorrow's strategy. Our clients are finding that their greatest resource is their people, and Swae is proven to help get the best from the untapped potential within their workforce. We'd love the chance to show you how Swae can 'pay off' for you...

Ready to learn how Swae can help your organization?

More to explore…

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Boilerplate

Swae is an idea management and decision-making platform that reveals solutions to problems directly from employees or stakeholder groups.

Founded in 2018, in Vancouver Canada, Swae’s platform disrupts the traditional hierarchy found within large organizations and provides a transparent and inclusive hub for ideation and collaboration. The combination of collective intelligence, AI and anonymity provide the foundation for users to provide critical feedback, improve ideas and vote on which ones move forward.

Organizations around the world use Swae to brings all voices to the table so they can uncover and benefit from the untapped collective intelligence from within.

For more information, visit www.swae.io or contact Swae’s Media Relations Team here.

More to explore...

Creating an environment that facilitates and encourages employees to raise their voices underpins a healthy amount of employee engagement, which feeds natural occurring innovation inside any organization, and the chance to contribute to the innovation agenda in turn drives engagement, boosting productivity and performance. These are all part of a well-oiled flywheel or virtuous cycle –  one cannot be achieved without the others. 

As the link between employee voice, engagement, innovation and organizational performance becomes increasingly clear, companies and investors are eager to find solutions that can help organizations dramatically boost collaboration, source decision-ready solutions, and improve the pace of innovation. 

While every organization needs innovation and inclusion capabilities, successful customers are those who are looking to combat disruption with innovative ideas from within, retaining their best talent and keeping engagement sky-high through a transparent, equitable, and inclusive process for decision-making.

Investor Testimonials

“It is imperative for all organizations to reflect on the importance of their workforce and company culture. The rise of employee activism, and recent, very public, examples have shown the demand for more purposeful cultures have grown louder and the adverse outcomes that arise when management fails to acknowledge such, can be detrimental. 

The Swae team has built a powerful tech-enabled product to meet this “future of work” that is required while driving innovation at the same time. All by providing employees the opportunity to voice their ideas in a coherent and structured manner, bringing value that has been thus far overlooked to the fore.”

Sonia Weymuller, Founding Partner Venture Souq VC and Conscious Collective Fund

“As a fellow business owner consistently focused on empowering everyone, I couldn’t help but resonate with a product that addresses a large problem I see in the workforce.   When an organization chooses to listen to its people, the results are extraordinary – from retention, attracting diverse talent to impacting the bottom line by being adaptable to disruption and change. Swae levels the playing field giving everyone a voice in an efficient, transparent way through a channel that should exist within all organizations.”

Alisa Kolodizner, Chief Founding Partner, Cordelia Capital 

“I invested in Swae as I believe it revolutionizes organizational decision-making and how those decisions are implemented, while revitalizing employee engagement, buy-in and trust. Many people don’t share their ideas because they don’t know how to formulate them or where to start. Swae has the potential to change how governments, businesses and non-profits make decisions.“

Kia Afshari, Product Management Director at Visier

“I invested in Swae  because it gives everyone in an organization a chance to participate, in an honest and open way. C-level executives need to be focused on where to go, and that sometimes disconnects them from the people delivering their vision, they need a tool like this to help them uncover the operational bottlenecks that their staff have to work through on a daily basis. If leadership is truly committed to providing visibility, improving operations, and maximizing staff retention, then they need honest feedback from their staff, I believe that Swae can do this”.

Don Sherrah, Business Development Manager at Deloitte

“The current use of Swae, working within larger firms, helps remove layers of bureaucracy and provides a much needed voting system and level of transparency that is often missing. An employee survey just doesn’t do the job anymore and Swae provides a voice to those that need to be heard the most”

Ashkan Golkar, Vice President, RBC Dominion Securities

“I invested in Swae because I know there’s a need to harness the power of everyone within companies.”

Martin Ertl, CEO at Recital Software

“Collective intelligence can lead to better outcomes in organizations than our current silos and bureaucracy. With a world rapidly incorporating AI into everything, most applications seek to cut the human out of the process– what I appreciate about Swae is that it seeks to augment rather than replace human input.”

Emerson Perez, Sr Informatics Lead at Aetna

“I’ve spent so many hours trying to orchestrate ways to get insights that were locked up in my previous teams. If we had had a tool like Swae, I think the outcomes for our company would have been far better.”

Kahran Singh, General Partner at Tres Monos Capital

 Boilerplate

Swae is an idea management and decision-making platform that reveals solutions to problems directly from employees or stakeholder groups.

Founded in 2018, in Vancouver Canada, Swae’s platform disrupts the traditional hierarchy found within large organizations and provides a transparent and inclusive hub for ideation and collaboration. The combination of collective intelligence, AI and anonymity provide the foundation for users to provide critical feedback, improve ideas and vote on which ones move forward.

Organizations around the world use Swae to brings all voices to the table so they can uncover and benefit from the untapped collective intelligence from within.

For more information, visit www.swae.io or contact Swae’s Media Relations Team here.

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Vancouver, Canada. For Immediate Release

Swae Inc, a Vancouver company, announces a new cloud based SaaS platform for 21st Century decision making. Using a proprietary Artificial Intelligence (AI), Collective Intelligence and Anonymity, the system aims to revolutionise participation in the governance and decision-making process. Key benefits includes increased quality of ideation, improved diversity and inclusivity, minimised bias and a reduction in layers of hierarchy. The platform is suitable for almost any size and type of organisation, from startups and teams, to corporations and even governments. Swae is currently in private beta, with public access due for launch in early 2020.

The lack of voice or meaningful influence normal people seem to have in the big decisions institutions and organizations make that significantly impact our lives. Simply voting for candidates or filling out engagement surveys at work feels inconsequential, futile, and, well, insulting. These ‘participation’ options don’t seem to influence the dull, unoriginal, and incomplete solutions most leaders tend to develop in response to the uniquely complex business and social challenges of today’s world. They don’t help prevent abuse of power or keep leaders accountable to their promises. Instead, they provide us a false sense of agency. As consumers, we have so much influence over our life choices, but as employees or citizens, we have so little say in much more important decisions. So, why are these our only participation options?

Our modern day decision-making model is broken.

The root of this problem boils down to our organizational paradigm — how we make decisions and organize ourselves in society. Our modern day decision-making model is broken. It’s outdated, too centralized, too efficiency-obsessed (think factories and conveyor belts of the 19th century industrial era, when this decision-making model reigned supreme), too exclusionary; over-relying on hierarchies, representation, and delegated authority, andconfining stakeholders to strict parameters for participation based on status or function, when we live in a world where ideas, expertise, and genius are distributed and directly accessible through technologies and protocols.

As we move from crisis-to-crisis in our political systems — see first-hand the limitations of many democratic institutions to govern effectively and anticipate challenges — or witness the uninspiring, unethical, and poor decisions made by leaders in large incumbent companies about how best to navigate complexity, we see how unfit our decision-making model is in today’s world.

During my research, first-hand customer discovery and experience at SU, I became convinced that we’re in the middle of an irreversible social and cultural transformation, accelerated by new technologies and unreasonable entrepreneurs. We are transitioning from one strong set of operating assumptions about how to manage society, to a new, upgraded set. The transition we are undergoing will redefine how we organize institutions, how we create new companies, who has a voice, what’s an acceptable social-contract. But the path is murky.

The combination of increased computing power, the rise of blockchain technology, demographic and cultural changes has made the idea of designing alternative organizational decision-making structures and governance models that are different from today’s status quo — models that are more participatory, more intelligent, less corruptible, less costly — a real possibility.

These are still the early days but the trajectory is clear.

More about Swae

Inspired by the pace of change, last year, I started a company to re-image organizational decision-making and build the operating system for future organizations. Our first product is Swae, an intelligent decision-making platform combining anonymity, artificial intelligence, and collective intelligence, to help organizations unleash the creativity of their stakeholders and make better quality decisions. Using Swae, individuals within organizations create great proposals anonymously with support of AI, then improve the quality of those proposals with crowd input. Proposals are debated on their merits, collectively evolved, and voted on. The proposals that receive the highest engagement (positive or negative) automatically percolate upwards to a decision (by management or the collective).

By providing the right mix of technology and process, Swae helps organizations efficiently tap into the wisdom of their stakeholders without reinventing the entire organizational structure. Swae’s process circumvents the blockages associated with traditional hierarchical organizational structures (cognitive bias, disengagement, fear of lost status and internal politics suffocating the expression of new ideas, etc.), to provide a more direct, transparent, and efficient pathway for ideas to go from the bottom to access management support. This helps decision-makers gather a greater level of truthful input, arguments, and data points to improve products, services, strategy and business models, without creating a tremendous burden of added work for management.

Swae intends to upgrade decision-making first in companies, then communities, then cities.

For more information on swae please contact the Swae press team here