Proof of Impact

From P2P Foundation
Jump to: navigation, search

= "Impact has inherent value. Can we capture that value and unlock inclusive wealth? Blockchain and distributed ledger technology could help us build better impact investment models". [1]


Description

proof of impact protocol:

"The Ixo Foundation, based in South Africa ... is developing a “proof of impact” protocol allowing data about projects – for example, that a child has been vaccinated or that a tree has been planted – to be recorded on a distributed ledger (a blockchain). This enables the claim of impact to be verified as legitimate and for funders thousands of miles of away to see that their money has been well spent. It also creates a new asset class, a cryptographic token that’s issued as the claim is authenticated, that could become the basis for a more organized, regulated form of investing." (https://www.fastcompany.com/40513028/this-new-blockchain-protocol-wants-to-create-accountability-for-social-impact)