Dec 22, 2017
The ixo Foundation is filling a vital need in the realm of
sustainable development and social impact projects around the world
by providing a blockchain-based protocol that allows for the
evaluation and measurement of social impact while requiring
accountability and transparency from service providers.
Backed by UNICEF, ixo is in the midst of a pilot project in South
Africa that is digitizing and providing proof of preschool
attendance records, which is allowing the preschool to receive
subsidies from the Western Cape Government.
As it stands, evaluation costs eat up 5-7% of a project’s budget.
In addition, the data that results are often inaccurate,
untrustworthy or simply presented in an unusable format. The ixo
Foundation is changing all of this. But that’s not all: the ixo
protocol allows for private investors to receive a return on
capital if pre-agreed outcomes are met for a project.
“Once you have the data of where the money is going… you can turn
that into its own kind of crypto asset that these projects can
trade…and that’s where we think crypto and blockchain can
contribute a lot towards opening up capital markets for social
finance,” says Wang.
To learn more, visit ixo.network or ixo.foundation.