ixo Protocol
The ixo blockchain Protocol defines open standards for verifiable claims about changes in the state of the world, such as social and environmental impact outcomes.
Website: https://www.ixo.world/
HQ: Zug, Switzerland
Active Markets: Global
Problem Addressed
Tracking various impact outcomes across the world occurs in fragmented and siloed databases, managed by centralized organizations. This can limit scaling and adoption, and ultimately who can participate, incentivize, evaluate, or invest in verifiable impact projects.
Project Description
The ixo Protocol provides people and organizations a standardized framework for measuring and reporting claims of impact made in the world, across verticals and registry systems. Impact claims — such as efforts towards social, environmental, economic, or climate outcomes — are independently evaluated and verified using oracle services, IoT technologies, and digital credentials.
Through its protocol, ixo offers the technological tools to create an “Internet of Impact” through which DeFi, community currencies, non-fungible tokens, and oracles work collaboratively to incentivize, record, and track outcomes. Impact technologies are registered through the ixo blockchain as digital twins, tracked and verified by oracle services. Ixo product offerings include a digital wallet with self-sovereign identity credentialing, a Web3 mobile-first developer platform designed for emerging market production, the Impacts Hub public blockchain network and transaction rails for ixo’s Internet of Impact, an open-source marketplace-building platform, and the Impact Studio — an application suite enabling users to deploy impact organizations, projects, oracles services, investments, and impact Credits.
Progress to date
In May 2024, ixo launched Mission Control for Clean Cooking — a decentralized digital public goods registry tracking clean cookstove projects, devices, carbon credits, and financing. Ixo has plans to launch their Foundry application, a DeFi marketplace of funding and skills development for impact projects. Users will issue bonds, invest in projects, stoke native IXO tokens, or offer grant funding.
Business Model
IXO network features a native token (IXO) with DeFi functionality and network transaction fees.
Traction
In 2023, ixo launched their Impacts X mobile wallet in the Apple App store; won the UNCDF Digital Innovations Challenge for their Emerging Eco digital measurement, reporting, and verification platform, including a $500 thousand grant; assisted in launching a Cape Town youth-led local node in the ReFi DAO network through their DAO tooling; and listed their IXO token on Singapore-based Coinstore exchange.
As with all impact certification frameworks, working with trusted partners will be critical to verifying and tracking impact at scale.