Loyalty Platform

Supporters earn points as they make transactions across the network. Points can be redeemed for discounts or offers. Creates a co-rewarding ecosystem to support growth and cooperation.

MicroFunding

Provides solutions regarding both investment capital and liquidity injections. Members create a funding request and supporters credit money for Synergy tokens. The tokens can then be redeem by Members in future time for products/services.

Community Transactions

Promotes collective operation and social impact, through transparent, equally beneficial and communal transactions.

Under the hood

Synergy is a financial Open Source toolkit for cooperatives based on a distributed ledger. It was developed by Sociality Coop and was funded by the NGI Ledger program. Synergy provides loyalty and micro-credit services to cooperatives using blockchain technology. This way we want to help the community overcome challenges such as lack of liquidity and investment capacity.

The system was co-designed by the CoOp community in Athens through meetings and workshops and operates using the Quorum open-source blockchain platform. Moreover, the system has its own Digital Wallet and implements privacy-by-design elements to ensure data privacy for the user. Our goal is to make the toolkit easily replicable and modular so communities can recreate it in different cities and govern it in a community-based approach.

Check out the Code

Wallet

A Digital Wallet for supporters and merchants. Available on Web and Mobile.

Blockchain

A Quorum blockchain infrastructure

Public Website

A Public Website to engage supporters

Cardboard Card

Integration with QR code on Cardboard Card for non-digital users

Our Network & Backers

Our network actively participates in the design of financial services, which are tailor-made for the community needs. We receive support and funding regarding business and technological development in order to offer a
Transparent, Free, Easy to Use, Marketable, Privacy Focused, Community Driven Toolkit.

This application is part of a project that has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 825268”.

Awards, News & Adventures

Proud of

LEDGER Top 8
Next Generation Internet

2020, Top rated by fellow programme participants we made it to the next round and were provided 3 months extra backing for Business Development

LEDGER Top 16
Next Generation Internet

2019, Venture builder programme for 9 months with business mentors, camps, technological vouchers, training and demo days.

BlockChain for Social Good
Finalist

2020, We went there but we did not get it. Next time!

MoneyLab #7
Presentation

2019, Amsterdam. We were very happy to present our work in Money Lab! Read more here

News

11.2020

Our First Instances

We needed to adapt to the Covid19 pandemic but we are now ready to launch the first instance of Synergy. Soon more to come!

10.2020

Rebuilding The Blockhain

Due to a Quorum Update we are rebuilding our Blockchain from scratch. You can read more on this in Greek here

2.2020

Community Building

The First Synergy Community, focuses on CoOps in Athens, Greece. We came to together and decided how the community is going to work! 10 CoOp members on board!

Winter 2020

Development

During the Winter 2020 we work hard to actually create all the components of the toolkit!

11.2019

Co-design Synergy

Working together with Open Lab Athens we organized two Co-Design workshops and several field visits in order to make sure Synergy meets community needs. You can read more about this here.