BLOCKCHAIN-BASED CROWDSOURCED INITIATIVES TRACKING SYSTEM

An embodiment herein provides a blockchain configured crowdsourced initiatives exchange ecosystem that includes a plurality of computing terminals associated with respective plurality of innovators which serve as sources of initiatives identified as innovations and respective sub-innovations. The ecosystem includes a distributed trusted ledgers system, a computing device communicatively connected to the plurality of computing terminals and configured to access the plurality of computing terminals and monitor the innovations, and a processing circuit that includes an initiatives tracking device that tracks the innovations associated with the plurality of computing terminals. The processing circuit includes a central initiatives management device. The ecosystem includes a hardware-based identity validation appliance to verify integrity of the plurality of computing terminals and the associated innovators to authorize a secured access of the plurality of computing terminals and to associate metadata with the innovations defining a digital ownership identity, a digital time identity, a digital geographical identity.