ixo Foundation Joins the Sweetbridge Alliance Network

Impact Investment blockchain open-source software foundation aligns token-based capital and verifiable data with sustainable development goals and Sweetbridge liquidity capabilities

Züg, Switzerland: ixo Foundation, the Blockchain for Impact, has agreed to join the Sweetbridge Alliance Network as an industry partner in the Economics ecosystem.

Under the agreement, the two companies will cooperate with other sustainable development initiatives and blockchain projects, to improve the flows of accurate impact data, resources and capital funding to projects that will create growth through social, environmental and economic development.

“Anyone should have the opportunity to participate in the fast-growing impact economy, with powerful new tools to deliver, verify and invest in achieving impacts that are relevant to ending poverty, protecting the planet and ensuring that no person gets left behind,” said Dr. Shaun Conway, President and Founder of the ixo Foundation. “The ixo blockchain enables impacts to be driven by data and optimised by AI”. On the significance of establishing a partnership with Sweetbridge, Dr Conway sees “There is huge potential for supply chains to deliver good (or less detrimental impacts). This can be achieved by incentivizing impact transparency with liquidity. The ixo protocol provides a verifiable impact fingerprint on supplies of commodities and capital. The Sweetbridge protocol provides the financing mechanisms to allow capital to be used for good.” “We have long supported the Triple Bottom Line approach of using data and decentralized technologies to drive better outcomes through supply chains, not just for improving financial performance and reducing costs, but ensuring sustainable environmental practices and supporting the health and welfare of all workers and society in general,” said Mac McGary, President of Sweetbridge Alliance Network. “We believe ixo is well situated to transform how impact projects are structured, funded and executed across all participants.”

On August 14th, ixo will launch the closed beta release of ixo.world which will enable anyone to become the founder of their own impact project, or, in the future, a vested stakeholder in the projects they believe in. All impact pioneers and investors are invited to sign up for early access membership of ixo.world and the opportunity to acquire IXO tokens, by invitation, when ixo launches to the public later this year.

Through the ixo.world web interface , project founders set up and fund their own projects, using IXO tokens to pay for network hosting costs and verification oracles. With future Sweetbridge integrations, projects could be financed using Bridgecoin (BRC) to discount the costs of working capital, providing low-cost loans against guarantees for outcomes contracts and invoices.

Performance can be tied to impact milestones that are measured and verified using the ixo protocol. Combining Sweetbridge economic protocols with ixo’s impact protocols could profoundly improve how impact capital gets formed and allocated to scale up effective projects and to incentivise positive change within supply chains.

Example ixo.world project screen with data representing impact claims and activity. Source: ixo.

Sweetbridge and ixo have partnered to co-host a series of community meetings and workshops for practitioners to explore how impact projects and enterprise social good initiatives are being managed and funded to measurable outcomes using blockchain technology.

The ixo project is attracting a lot of attention from other impact organizations, including government agencies and NGOs, environmental and sustainable development groups, other blockchain projects with a stated mission of positive social impact, all the way to individuals who want to become stakeholders and share in the process of funding and evaluating projects.

“We are seeing a great number of influential ambassadors from leading organizations coming forward to help us spread awareness and accelerate our progress of democratizing impact investing,” said Conway. “However, the future state of this economy is not just for major institutions. Anyone with the interest and drive can establish a project or get involved in the success of a project they support.”

The Sweetbridge Alliance team recently posted an in-depth interview with ixo CEO Shaun Conway on the SweetTalk podcast and blog, available here: https://blog.sweetbridge.com/sweettalk-podcast-vcast-ixo-a-new-economy-of-impact-investment-review-ce29610af632

About ixo

The ixo Foundation is a non-profit open-source software development foundation building the ixo Blockchain for Impact.

The world is starting to realize how important it is to really count what matters, for people and the planet. With ixo, all measurable changes that have an impact can now be transformed into Verified Impact Data with crypto-economic Proof of Impact, which enables anyone to value what counts for sustainable social, environmental and economic development. Trusted Impact data grows investments into impacts and optimizes the results, assisted by machine learning and intelligent oracles. The ixo protocol generates Impact Tokens that are traded through decentralised impact exchanges. These valuable digital assets will create new marketplaces for the Impact Economy. With ixo, everyone has the power to deliver, evaluate or invest in Impact. Together we can create the world we want and achieve the Global Goals for Sustainable Development by the year 2030.

For more information, follow ixo on twitter at @ixo_impact and visit https://ixo.foundation.

About Sweetbridge

Sweetbridge is a new economy built for commerce that enhances the world’s current economies. Sweetbridge and its alliance partners offer a unique set of blockchain protocols, applications and crypto-economics to create an economy of opportunity for all participants. The goal of Sweetbridge is to transform brittle, industrial-era commerce through decentralized industry ecosystems that create a faster, fairer value exchange, unleash working capital, better utilize resources, and optimize talent for the benefit of all participants. For more information, follow Sweetbridge on Twitter at @sweetbridgeinc or visit https://sweetbridge.com.