“There’s a $2.5 trillion development investment gap.” – World Economic Forum
$2.5 trillion is the estimated annual budget needed to achieve the UN’s Sustainable Development Goals (SDGs) by 2030.
It’s such a huge number it’s hard to wrap your head around.
But imagine if more, if not – most of us pooled our financial resources and intellectual capacities together towards the global goals. We could completely eradicate poverty in our lifetime!
So, why don’t we give more? Do more?
Did you notice a common thread running through the reasons why we don’t give to charity? Click the Submit button above – if you haven’t already, to get a clue. (BTW, each of these reasons have been debunked in this article but they are sadly still prevalent.)
The Transparency Challenge
Underpinning these misapprehensions is a lack of transparency in the giving process. Essentially, people are asking themselves: “Is my contribution going where it needs to go?” “Am I really helping anybody?”
No doubt similar questions are being asked at the organization and government level.
With the 2030 deadline looming, we need to enlist as many global citizens as we can – if we are to make a significant dent on the $2.5 trillion estimated annual budget for the 2030 Agenda and on its 17 SDGs. We need to increase confidence in the giving process to encourage more participation and exponentially increase our chances of success.
This transparency challenge has been recognized by the High-Level Panel of Eminent Persons on the Post-2015 Development Agenda. In their May 2013 report near the close of the 2015 Millennium Development Goals, they mention the importance of data:
“Better data and statistics will help governments track progress and make sure their decisions are evidence-based; they can also strengthen accountability. This is not just about governments. International agencies, CSOs and the private sector should be involved.
A true data revolution would draw on existing and new sources of data to fully integrate statistics into decision making, promote open access to, and use of, data and ensure increased support for statistical systems.”
They also highlight the key role of technology:
“We should actively take advantage of new technology, crowd sourcing, and improved connectivity to empower people with information on the progress towards the targets.”
The ixo Protocol Revealed: Using Blockchain Technology To Empower Global Citizens
In our previous post “How To Start A Career in Blockchain for Social Good“, many expressed interest in a career in blockchain for social good.
“Out of the 32 anonymous responses we received on the simple test in our post”:
32 out of 32 – are excited by or have some understanding of the innovative potential of blockchain technology
26 out of 32 – would like a career that furthers the cause of social good
28 out of 32 – want to shift to a new field where they can put their background and experience to good use
31 out of 32 – are willing to learn and work on the practical applications of blockchain technology
“All respondents are excited by the innovative potential of blockchain and many want to put their background and experience to good use.”
“Many would like a career that furthers the cause of social good and almost all are willing to learn and work on the practical applications of blockchain technology.”
So, what if… you could initiate a social good project that you’re passionate about… get it funded by like-minded individuals and organizations… enlist a global network of agents who can deliver the needed goods or services to the remote communities you want to serve?
What if… you can track and measure your project’s impact in no uncertain terms… and even track and measure how much you’re contributing to the success of the SDGs?
What if… there was already a system today that could handle all of these so you don’t have to build your project from scratch?
Watch this demo to see how to create a project using the ixo Web Portal.
Source: ixo (Vimeo) – “ixo Community Chat Demo: How to Create a Project” dated March 9, 2018
The Fundamental Principle Of The ixo Protocol
The ixo Team has been working on the ixo Protocol for the past four years. But its origin ideas were collected much earlier in a presentation by Dr. Shaun Conway (ixo Founder) in March 2008, entitled “Using Web 2.0 Technologies (and Social Networking Tools) for Social Action”.
“The (pre-blockchain era) ideas reflected in these 13 slides were formative to our research and development work over the next decade, as we built what has become The ixo Protocol for sustainable development impact.” – Dr. Shaun Conway
Source: ixo (Medium) – “Origins of ixo” dated January 3, 2018
“The fundamental principle of this protocol is that impact funding should be exchanged for trustworthy impact data that provides Proof of Impact.” – Dr. Shaun Conway and Lohan Spies
Source: ixo (Medium) – “Decentralized Impact Exchanges – Verifying and Trading Impact Data with the ixo Protocol” dated November 8, 2017
Three Core Components Of The ixo Protocol
To deliver on its fundamental principle, the ixo Protocol employs three (3) core components:
1) Decentralized Impact Exchanges (DIX)
This is a market-making mechanism that brings you as a project owner for example and other stakeholders i.e., investors, service agents and evaluation agents, together around a common cause – without reliance on central authorities or intermediaries.
The exchange enables you and the other stakeholders to transact fees, payments and services with each other through multi-party escrow Smart Contracts (Ethereum) and ixo tokens.
All entities participating in the exchange are identified with a universal decentralized identifier (DID).
2) Proof of Impact
The role of Evaluation Agents is to verify the claims raised by Service Agents – using open data ontologies and other mechanisms interfacing with this layer of the protocol, hence providing Proof of Impact to you as the project owner, to investors and other stakeholders.
Additionally, if your project is processing a Qualifying Impact Claim type, the ixo Protocol awards you with new ixo tokens for successful Proofs of Impact.
3) Global Impact Ledger
This allows your data assets such as cryptographic proofs to be immutably stored and shared across the network.
This also enables you to contribute to the “Big Impact Data commons” – “a transparent and accountable public record of Sustainable Development impacts”.
Get more details on these three components and how they work together from ixo’s blog post: “Decentralized Impact Exchanges”.
From Protocol to Prototype
Project Amply is revolutionizing Early Childhood Development in South Africa. Amply is an app built on the ixo Protocol.
Read more about Amply, its beginnings and future plans from Paul Kohlhaas’s March 29, 2017 blog post: “Blockchain for Social Good: Revolutionizing Pre-School Funding in South Africa”. In his post, he says:
“The nature of public blockchain networks provides unprecedented levels of accountability through an immutable, trusted ledger, as well as smart contracts that automate service transactions without the need for intermediaries.” – Paul Kohlhaas
We couldn’t agree more.
“The ixo Protocol is a powerful tool for empowering global citizens to align themselves with the SDGs and contribute to the success of the 2030 Agenda.”
Where To Go From Here | Career in Blockchain For Social Good
In this series of posts, we strive to give you ideas to help you start a career in blockchain for social good.
Tip: Now that you’ve learned about ixo, why not dive in a little deeper and see what you’ll find.
1) If you’re so inclined, look under ixo’s hood:
ixo Protocol White Paper http://ixo.foundation/wp-content/uploads/2017/12/The-ixo-Protocol-Draft-White-Paper-3.0-for-technical-review-12_8_2017.pdf ixo's Vimeo channel https://vimeo.com/ixofoundation ixo's GitHub https://ixofoundation.github.io/mkdocs/ ID-IO GitHub (blockchain-based decentralized identifier registry using the Ripple ledger, pioneered by ixo in early 2015) https://github.com/InfinityG/id-io Amply's Tech Stack http://amply.tech/projects
2) If you believe in the potential of ixo, why not be an ambassador?
ixo Ambassador Program http://ixo.foundation/ambassador-program/
3) Make it happen.
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- World Economic Forum (Website) – “There’s a $2.5 trillion development investment gap. Blended finance could plug it”: https://www.weforum.org/agenda/2016/07/blended-finance-sustainable-development-goals/
- The Life You Can Save (Website) – “Ten Reasons Why People Don’t Give to Charity”: https://www.thelifeyoucansave.org/learn-more/common-objections-to-giving
- High-level Panel on the Post-2015 Development Agenda (Website) – “High Level Panel Releases Recommendations For World’s Next Development Agenda”: http://www.post2015hlp.org/featured/high-level-panel-releases-recommendations-for-worlds-next-development-agenda/
- https://news.un.org/en/story/2013/05/441002-post-2015-development-agenda-historic-opportunity-eradicate-poverty-un-chief ):
- ixo (Vimeo) – “ixo Community Chat Demo: How to Create a Project”: https://vimeo.com/259284923
- Dr. Shaun Conway (Medium) – “The Origins of ixo”: https://medium.com/ixo-blog/the-origins-of-ixo-bdc549dc9afc
- Dr. Shaun Conway (SlideShare) – “Collaborative Aid Marketplace”: https://www.slideshare.net/Reactshaun/collaborative-aid-marketplace-presentation
- Dr. Shaun Conway and Lohan Spies (Medium) – “Decentralized Impact Exchanges”: https://medium.com/ixo-blog/decentralized-impact-exchanges-d247f076ffd2
- Blockchain 4 Humanity (YouTube) – “Amply Project Introduction”: https://www.youtube.com/watch?v=-ElAfUEG98A
- Paul Kohlhaas (Medium) – “Blockchain for Social Good: Revolutionizing Pre-School Funding in South Africa”: https://medium.com/@Paul.Haas/blockchain-for-social-good-revolutionizing-pre-school-funding-in-south-africa-f0c7c63ee2ee
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