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Algorand Foundation partners with Plandail to provide a complete ecosystem for ESG impact projects

Updated: Jan 9, 2022

November 2nd, 2021 - Having launched the Algorand Foundation Grant Program last year, we have received many submissions from developers and innovators globally who have been eager to participate and grow the Algorand ecosystem. After thorough review and selection, we are delighted to announce that PanDail is the latest grant recipient.

PlanDail is a suite of digitized equity tools, enabling users the benefits of traditional equity in a secure, user friendly app but in a decentralised context. PlanDail provides a suite of features to simplify issuing digital equity using distributed ledger technology. Digitising the process of shareholder/cap-table management, communications, governance and fractionalising of assets. The grant award will help support PlanDail in becoming a complete ecosystem for ESG impact entrepreneurs, that goes beyond financing needs alone.

Environmental, social and governance investments allow shareholders to have a real say and pride in ownership, in measurable impactful projects. PlanDail supports European projects who are looking to raise capital up to 5 million euros. PlanDail’s solution is an easy to use mobile app that will be regulatory compliant with the new European crowdfunding regime. Allowing for smooth onboarding, and simplification of the whole crowdfunding process across Europe. The Plandail platform allows the community to curate their investment preferences and discover projects that align with their values.

“Algorand has a thriving ecosystem and open source community. Algorand views on sustainability are in line with our ESG values and this was one of the deciding factors to partner with them. We are pleased to announce this partnership today at WebSummit, Lisbon, reflecting our shared focus on the United Nations’ Sustainable Development Goals. ” - Owen O'Driscoll - CEO Plandail.

Algorand is the most powerful, decentralized blockchain platform available to DeFi innovators today. It's unique combination of global scalability, high performance and ironclad cryptographic security makes it a platform that DeFi developers can confidently look to build on today, tomorrow and long into the future. Environmental, social, and governance (ESG) criteria are an increasingly popular way for investors to evaluate companies in which they might want to invest. ‘When you think of blockchain as a core infrastructure, applications such as Plandail being built on Algorand can automatically inherit the carbon negative footprint of our network. We welcome Plandail to the Algorand ecosystem and look forward to this exciting partnership'. - Sean Lee, CEO, Algorand Foundation.

If you are interested in submitting a project for support from the Algorand Foundation Grant program, please apply here.

About Plandail:

Plandail’s founders have a deep passion for high impact social and environmental ventures. The team's vision was to create a crowdfunding investment platform that levels the playing field for retail and accredited investors, to enable entrepreneurs to start and scale their ventures. They will do this by leveraging the EU crowdfunding legislation that will be signed into national law and adopted and regulated by central banks in 2021.

Plandail allows retail and accredited investors to participate in each investment round. They are unique in their plan to merge the new and old, mixing traditional equity fund raising. Using Algorand to make a regulatory sound smart contract , allowing fractional ownership with ASA, digital issuing of shares and dividends. Using blockchain to record voting of the shareholders which is then executed by the nominee.

About Algorand Foundation:

The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the Algorand protocol and open-source software, which was initially designed by Silvio Micali and a team of leading scientists. With core beliefs in the establishment of an open, public, and permissionless blockchain, the Algorand Foundation has a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.

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