Peer Water Exchange

New funding and management model for Water issues

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World
Web http://peerwater.org/
Maturity

Mature

About the project Edit

The Peer Water Exchange (PWX) is now the water sector's clearinghouse, the global marketplace to select, fund, manage, and track the impact of all water and sanitation projects efficiently, collaboratively, and transparently.

It provides business intelligence tools to the field of water sanitation.

Themes

In what ways is this project unique and creative? Edit

PWX is a platform, process, and human network for funding, soliciting, selecting, managing, and evaluating water projects worldwide.

It is a participatory decision-making system to oversee thousands of grassroots water and sanitation projects worldwide efficiently, effectively, and transparently. It distributes the work to eliminate bottlenecks and helps people do the work that they are best at, while eliminating bureaucracy and paperwork.

Most importantly, it reduces competitive behavior and increases cooperation and knowledge sharing. Thus, PWX is the first social entrepreneurship project that requires changes at the entire value chain of philanthropy: from the foundation/donor to the grassroots implementer. PWX is a Web 2.0 application, conceived and created before the phrase "Web 2.0" was in use (2006).

What is the social value of this project? Edit

According to its Web site, PWX changes the existing funding and management model by:

- Using a transparent participatory decision-making process for funding project
- Minimal overhead during project review, selection, and evaluation
- Enforcing sharing and learning between organizations
- Managing and tracking project progress transparently online
- Assessing long-term impact at extremely low cost
- Increasing the number of resources to successfully tackle the drinking water crisis.

Through PWX, implementer, funder, and observer organizations form a global collaborative network while focusing on their core competency. Funder organizations focus on raising money and overseeing systemic issues; implementers select projects, implement solutions, evaluate each other's work, and share their successes and failures; and observers help with assessing long-term impact.

What is the potential of this project to expand and develop? Edit

PWX addresses the challenge of scale. By dividing up the work and increasing the number of expert resources at low cost, PWX can manage thousands of small-scale projects for the long-term: from funding to impact. PWX helps competitors become collaborators, work together, learn, and share.

What was the triggering factor of this project? Edit

What is the business model of this project? Edit


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