What is “ixo” and what does it stand for?
ixo is the new operating system for the Impact Economy. Using blockchain and Web3 standards, ixo enables anyone to collect, measure, evaluate, value, and tokenize verified impact data.
“ixo” is an invented word (neoligism) and not an acronym. Using of the ixo Protocol, anyone can create, verify, share and trade high-definition, trusted impact data. Tokenized impact data can be used to create a range of innovative impact financing mechanisms..
How is ixo being used in the real world?
Since 2015, UNICEF Innovation Fund and Innovation Edge (backed by Omidyar Network and UBS Optimus Foundation) have provided seed investments to develop an application of ixo through a project called Amply, a platform for early childhood development, using the ixo protocol to track attendance at pre-schools in South Africa, for a national government subsidy scheme.
Every morning, the teacher logs each child’s attendance in the app as an impact claim, an evaluator confirms the attendance, and a verified impact claim is created. The verified claim can then be submitted to the government in return for subsidies for pre-school operators to service underprivileged children.
Amply has helped the teachers upgrade their previously paper-based system saving over 4,000 hours every month. Since November 2016, the project has grown to operate in over 72 schools and has recorded more than 55,000 attendance records.
What is the difference between ixo and IXO?
ixo is always referred to in lowercase unless referring to IXO tokens (see below). E.g ixo network, ixo community, ixo team, etc.
What is the IXO token?
IXO tokens are the primary cryptographic tokens (blockchain-based units) of the ecosystem enabled by the ixo protocol. The holder of an IXO token has the right to use services, applications and economic mechanisms that are offered within this ecosystem.
The IXO token utility is to provide holders with rights to:
Access the hosting services of the network, to process and store impact claims and related data.
Use the ixo software applications at a zero-rated license fee.
Operate network nodes, which requires depositing a security stake to assure the integrity of the network. This also accords the rights to participate in network governance mechanisms.
Participate as agents providing services through the network, by depositing a reputational stake that dis-incentivizes poor service delivery. Staked tokens are lost (burnt) for poor performance.
Have impact claims evaluated. These services will typically be performed by software algorithms (evaluation oracles), or human agents that are augmented by software.
Access tokenized services from third-party providers. For instance, smart contract driven dispute-resolution services.
What is the difference between the IXO token and Impact Tokens?
Impact Tokens are generated for a project by a smart contract that algorithmically determines the price on issuance or repurchase of the project’s impact tokens, based on a transparent mechanism that statistically measures the probability of the project succeeding. The probability of a project succeeding is based on the proportion of successful impact claims that have been verified against the target number of claims set when the project was founded.
Impact Tokens should only be exchanged directly with a project’s Decentralized Impact Exchange smart contract, so there will be no market incentive to trade these through secondary exchanges.
How can my organization or project make use of the ixo Protocol? Will the ixo team help me develop/set up my project?
Once the ixo Protocol is fully functioning, any person or organization will be able to set up projects.
Our tech team will make readily available SDKs and other tools for your team – or software developers you hire – to use and customize for your own purposes. Certain parts of every project will be standardized using schema.org, which will contribute to the Global Impact Ledger, the queryable database for impact we hope to create, but many aspects of the project such as how you define success will be at the project creator’s discretion.
Currently, we are working with a handful of organizations from around the world to create 8-10 “reference cases” that will be the first projects developed on the ixo Protocol. Amply, for example, will be the first of these projects. The development of these reference cases is quite unique because our team is working very closely with the teams from partner organizations to set up the project both technologically and in the field. For future projects, our team will have little to no involvement with the projects being developed on the ixo Protocol – a truly decentralized system.
How do I access data stored in the Global Impact Ledger?
Anyone can access the Global Impact Ledger (GIL) through the ixo Portal. All projects on the ixo Network will have a portion of standardized information recorded on the GIL (from the Impact Claim Template) such as date, location, SDGs, and agents (to be determined by ixo Foundation) with a pointer to the underlying data. The underlying data will be project-specific such as HIV status of mothers, ID numbers of children, or GPS coordinates of planted forest.
If one wanted to gain access to the underlying data, he/she would have to request access from the owner of that data. The owner of the underlying data can then determine with whom he/she shares the data and at what price, if any.
What is the ixo Foundation?
The ixo Foundation is a non-profit Swiss Stitfung established to develop the open source software and technology of the ixo Protocol and ixo Network, and to foster open development of the larger ixo ecosystem.
The Foundation Council is the governing body responsible for the management of the Foundation. The current members of the Foundation Council are Dr. Shaun Conway (President and Founder), Paul Kohlhaas (Vice President), Christopher Bull, and Pascal Schmid.
When is your ICO?
We are not running an ICO at the moment. We do, however, want our community to feel as involved as possible. We are working on a number of initiatives to engage our community, including meetups, podcasts, newsletters, AMAs, and an ambassador program. Sign up for our newsletter here to stay up-to-date with the latest ixo news and join our Telegram here to be a part of the conversation.