At the ixo Foundation, we are optimizing the way the world creates impact by combining data with trust. We have created the ixo protocol, technology that harnesses blockchain and next generation web standards, to collect and validate high quality data and create “proof of impact.” Proof is generated when an impact claim is made by a service provider and is verified by an evaluator or an oracle, validating the impact has been achieved. As a result, fraud and corruption are reduced, and both the service provider and the funder gain access to invaluable data about their impact. Increased confidence in the sector incentivizes funding and investment in sustainable development and adds to an accumulation of global impact data, which enables better visibility, planning, and decision-making for the future.
Main sectors: Banking & Financial Services
Main applications: Financial Services/Market Infrastructure;
Payments/Financial Infrastructure; Economic Development
Established in: 2017
Organisation: Ixo Foundation
Organisation type: Companies (non-profit) – Startup
Founders: Shaun Conway, Founder and President of Foundation Council
Partners: Socialsuite; Singularity University; Microsoft Research; Scout Impact; Consensos Blockchain for Social Impact; Ocean Protocol; Seneca Park Zoo; Digital Bazaar
Country: Switzerland
City: Zug
Stage of project: Live
Geographical reach: International
DLT / Blockchain: Public – Ethereum
Other technologies: Other/s
Github: https://github.com/ixofoundation
Twitter: https://twitter.com/ixoworld
This project is part of the #DLT4Good Scanning. ‘#DLT4Good: Co-creating a European Ecosystem of Distributed Ledger Technologies for Social and Public Good’ is a forward-looking science for policy project supported by the European Parliament, and coordinated by the Joint Research Centre (JRC) in cooperation with the Directorate-General for Communications Networks, Content & Technology (DG CONNECT). Learn more about #DLT4Good.
Originally Published | 14 Jul 2020 |
Related project & activities | #DLT4Good |
Knowledge service | Metadata | Foresight | #DLT4Good Scanning |