WWF and ConsenSys presented with Impactio a new platform for investing in sustainable projects and business models. The pilot phase has already been completed, next year should be able to benefit other projects of Impactio.

By Christopher clover
26. September 2019BTC$8.207,09 -2.83%part Facebook Twitter LinkedIn xing mail

presented by The environmental organization World Wide Fund for Nature and the Blockchain-business ConsenSys have a new platform for the promotion of sustainable and socially responsible projects. “Impactio” – the Name of the platform, is based on the Ethereum Blockchain and was on 24. September in the framework of the international charity conference, Concordia introduced in New York. In a press release, WWF-Director, Kavita Prakash-Mani indicates, the financing gap, which is the sustainability goals in the way:

We have a funding gap of 2.5 trillion dollars, in order to achieve the sustainability goals by 2030. We know that this is not necessarily due to a lack of capital or a lack of solutions. What is missing is a robust mechanism to link these private dollars with viable, large-scale, sustainability-enhancing projects.

Impactio tried to solve the Problem by positioning itself as a platform of NGOs, environmental projects, experts and investors together. Teachers could apply for needs of projects with Funding in the case of Impactio a grant. Previously, curators review the projects. In the Review Phase, the Endorsement Phase follows then: Here, the curators will be able to vote by Staking for their preferred projects. Thereafter, the curators decide, by Staking, which of these projects get on the funding list and which a further Review will need to be.

Impactio in practice

In a pilot project in the field of “Future Cities” came Impactio already used. In the framework of the Future Cities Challenge made it from 34 projects submitted, nine of which are in the support programme, 21 projects a further Review process.

The pilot project was supported by the Australian Impact investment Fund Australian Ethical 30,000 Australian dollars. How these have been distributed to the individual projects, can only see the participants – although Impactio advertises with great transparency thanks to the Ethereum Blockchain. From this, transparency only Impactio-participants benefit; ultimately, it is an Enterprise Use Case for Ethereum. Ethereum co-founder Joe Lubin is happy about a growing acceptance of the Ethereum Blockchain as the basis for economic and non-profit initiatives:

The acceptance of Enterprise Ethereum continues to increase – especially in the commercial and non-profit sector. Through a more decentralised IT infrastructure with more direct, more transparent and trust are more worthy of funding models. The first Impactio pilot project provided the confirmation of the commitment of the global community to develop unique solutions to the sustainability objectives of the UN and, above all, our employees and our planet support,

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it is said in the press release.

In the coming year, further “Challenges to follow”. Two topics are already fixed: The future of nutrition and the prevention of plastic waste in the world’s oceans.

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