BuildCoin Foundation, ExO Foundation and Fastrack Institute Partner to Transform Public Infrastructure Development

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Create More Bankable Projects that will have a 10X Impact on Citizens' Lives

“The BuildCoin Foundation is itself an exponential organization and is bringing disruptive technology to the infrastructure industry. Their mission and vision are perfectly aligned with ours," said Salim Ismail, Chairman of the ExO Foundation.

The BuildCoin™ Foundation and the ExO Foundation, today announced a strategic partnership to leverage their combined disruptive technologies and methodologies to bring new thinking, innovation and creativity to the way public infrastructure projects are originated and executed.

The BuildCoin Foundation funds and executes critical feasibility studies necessary for creating “shovel ready” bankable infrastructure projects. Under the current system many important projects are stuck in financial and political limbo. The ExO Foundation, and its related entity, Fastrack Institute, have methodologies, tools and structures for creating exponential solutions for projects and institutional problems. Today’s announcement combines their expertise to create new “exponential projects” that quickly and efficiently move critical public infrastructure efforts from origination to completion.

Together, BuildCoin Foundation, ExO Foundation and Fastrack Institute will:

  • Use Fastrack methodologies developed by ExO Foundation and Fastrack Institute to engage project stakeholders to imagine and define the best possible solutions for maximum impact
  • Use the BuildCoin blockchain ecosystem to create a transparent process for selecting, funding and running these projects
  • Execute the strategic projects that create a 10X impact on peoples’ lives compared to alternative approaches

To fund projects, BuildCoin Foundation has created an endowment vehicle that allows entities to grant money to the foundation for kick-starting origination efforts for projects with an altruistic purpose. As these are executed, money used for origination is replenished, along with a ‘reward.’ This creates an exponential endowment: the more projects originated, the more the fund grows to originate even more strategic projects.

The ExO Foundation and Fastrack Institute Sprint methodology is then applied to engage project stakeholders in a process that defines the most impactful solutions. This results in the best possible outcome for the project in the least amount of time, and at a significant cost savings.

“We’re thrilled to be partnering with the ExO Foundation and Fastrack Institute. Successfully executing pre-development work and feasibility studies is key to creating bankable projects. The ExO Foundation’s transformative approach will help governments and private organizations look at infrastructure projects in a whole new way,” said John Cronin, President of the BuildCoin Foundation. “Together we’ll make sure the right questions are being asked before a solution is decided upon. With our blockchain ecosystem and the ExO Foundation’s proven methodologies we can unlock infrastructure projects around the globe and implement cost effective, innovative and sustainable solutions”

“The BuildCoin Foundation is itself an exponential organization and is bringing disruptive technology to the infrastructure industry. Their mission and vision are perfectly aligned with ours, said Salim Ismail, Chairman of the ExO Foundation. “We’re excited to combine our Fastrack Sprints with the BuildCoin ecosystem to bring about transformational change to the infrastructure industry and deliver vital infrastructure to communities around the world.”

The first projects for the combined BuildCoin, ExO, and Fastrack entity being considered include the State of Sao Paulo Smart Cities project, and projects in Puerto Rico.

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About the BuildCoin Foundation:
The BuildCoin Foundation is a non-profit blockchain ecosystem for public infrastructure and construction projects based in Zug, Switzerland. The BuildCoin Foundation believes everyone deserves access to affordable and reliable infrastructure to reach their highest potential and to live their best life. Our BuildCoin Ecosystem modernizes infrastructure project origination and development by methodically executing business and technological processes. As a blockchain platform, BuildCoin, offers transparency and immutability, process integrity and disintermediation, lower costs and faster transactions, and access to high-quality data to participants. Visit buildcoinfoundation.org.

About the Fastrack Institute
Fastrack Institute’s mission is to inspire, educate and empower cities and their citizens to collaborate to find cutting edge, scalable ways to solve urban challenges 10 times faster and 10 times cheaper than previously thought possible.

About ExO Foundation:
The ExO Foundation is a public benefit corporation committed to positive social change. We convene a global ecosystem that empowers organizations, institutions and people with the community and technology resources, tools and structures needed to migrate society to abundance. Visit http://www.exofoundation.net.

Media Contact:
David Stout, Media Contact
david.stout(at)opcenter.com
M: +1 703-300-2191

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Joel Richman
@ExOFDN
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