The ixo Protocol

Powering the Internet of Impact

White Paper
1. Impact Identification

Observations about the state of the world are identified, using decentralised identifiers (DIDs) and classified for semantic context, using linked-data schemas.

2. Impact Claims

Verifiable Impact Claims are issued and cryptographically signed by identified, authenticated agents. Using client applications, such as the ixo mobile Impact Wallet, to capture the claim data at the implementation edge of the real-world processes which are creating and observing change.

3. Impact Verification

Impact claims, with their high-definition data assets as evidence, are evaluated by independent, certified Verification Agents.
Verifiers use standardised evaluation rubrics and statistical methods to form opinions on whether each claim can be approved. They issue Verification Proofs which attest to whether claims meet the requirements to be approved.

4. Impact Credentialing

Collections of verifiable claims over time, together with their verification proofs and additional information – such as the verifiable credentials of a project implementer, are combined to issue a Verifiable Credential for an Outcome State. Which includes a graph of the claims, proofs and credentials.

5. Impact Tokenization

Impact Tokens are minted with graphs of data assets as Linked Resources, which can be retrieved by authorised users from specified service endpoints – such as ixo Cellnode confidential data stores, in a permissioned way, using Authorization Capabilities (zCaps). Non-fungible Impact Tokens can be configured into outcomes-based financing mechanisms, such as Alphabonds, traded as digital assets, or used to create new types of stakeholder-centric ownership schemes and participation mechanisms.

Protocols can change the state of the world

The ixo protocols give us new capabilities to precisely sense and respond to verifiable claims about the state of society, the environment, economy, and climate impacts.

Changes in these real-world states can now be reliably monitored, verified and attributed to identified agents, entities, events and investments.

Real-world states are encoded in the stateful Impact Graph of the Internet of Impact. Projects and capital can then be deterministically programmed with precision, to bring about state changes, which are measured as impacts.
Sustainable DeFi mechanisms, which are embedded in this graph and program capital for results, provide the incentives for stakeholders to achieve the future-state outcomes in which they all have a stake.

Outcome states that people value, want to invest in and use to build sustainable digital financing or new economic mechanisms, are tokenised in non-fungible representations, as Impact Tokens, which are embedded with executable rights and backed by high-definition data assets.

Impact Tokens can be built into any financial transaction, capital allocation, government expenditure, business process, or consumer product.