IRISnet & ixo Collaborate on NFT Implementations and Applications for the Cosmos Ecosystem, as a Force for Transitioning to the Green Economy
The current precarious state of the world, and all indications of where we are heading with the Climate Crisis, demands a transition to a low-carbon and green economy, and blockchain technologies can assist to achieve this vision as a force.
In this spirit, IRISnet and ixo have teamed up to build the decentralized and trusted technology implementations for sustainable and green economic mechanisms, which can contribute to the vision of accelerating the transition to low-carbon economy and using natural resources in renewable, regenerative ways. This work will include collaborations on the NFT technological implementations and applications for the Cosmos ecosystem, aiming to have a catalytic change for averting devastating consequences of the Climate Crisis.
IRISnet and ixo teams are both experienced core contributors to Cosmos and Interchain technology development. IRISnet has led the design and development of the NFT Module in the Cosmos SDK, and ixo has pioneered Interchain Standards for NFTs and Verified Metadata. In addition, Bianjie, the IRISnet core development team, has been mandated by the Interchain Foundation to provide cutting-edge technical support for the Internet of Blockchains, and ixo has also been mandated by the Interchain Foundation to lead the bold Interchain Earth Mission, to build Cosmos into the leading sustainable and regenerative digital finance ecosystem. Both teams will join forces and continue to advance the NFT technology and implementations, and further innovatively utilize these technologies for transitioning to a sustainable economy and ecosystem.
For the green economy mission, IRISnet is exploring how to innovatively combine the NFT technology and big data privacy protection technology. The NFT technology solution developed by the IRISnet team can help create multi-dimensional modeling of enterprise “carbon credit”, and authenticate carbon credit and trading activities. Meanwhile, the big data privacy protection technology is able to support enterprise participation in carbon marketplaces under the premise of data protection.
Jeffrey Hu, Ecosystem & Research Lead of IRISnet, stated, “It is of great value to work on how digital finance, especially blockchain NFT technology, can assist in ensuring the accuracy and transparency of carbon emission and carbon offset calculations while transitioning to a green economy.”
To establish the backbone infrastructure for a global Internet of Impact, ixo is working with leading sustainability-focused organisations and impact market-makers across the world to set up Market Relayers who will operate the validator nodes of the Impact Hub network and build market platforms for connecting sustainable capital, impact project implementers, agents and oracle services.
Dr Shaun Conway, Founder of ixo, explains that “With the Interchain Earth Mission, we are aligning the IBC-interconnected Cosmos Internet of Blockchains to the greater mission of sustainable human development and planetary regeneration. The ixo-Cosmos Impact Hub interconnects these networks to form an Internet of Impact. This is a stateful, graph-based, programmable and trusted Internet for sustainable impact verification, which will provide foundational digital infrastructure for the Tokenized Impact Economy. By connecting the Impact Hub with major networks such as IRISnet, we are exponentially expanding the capacity and market reach of this vital new Internet.”
Sharing the same vision to create new sustainable forms for the green economy, IRISnet is proud to be a founding collaborator of ixo’s Interchain Earth Mission, and we believe that together we can enable rapid growth in decentralised networks of people and organisations who are better equipped to take action on the Climate Crisis. We are all in it together!
About ixo - The Internet of Impact
ixo is building an Internet of Impact, which functions like a global digital immune system for humanity, sensing and responding to sustainability threats, and investing in opportunities for impact.
The Impact Data Consortium Chain is a ground-breaking example of how marketplaces can be built on the Internet of Impact. Funded by the government of Hong Kong Social Innovation and Entrepreneurship Fund, the IDCC initiative is providing technical assistance and capacity-building to onboard 500 social-purpose organisations who will use ixo-Cosmos blockchain and software applications to track and report on their impacts.
A community currency pilot, supported by the Interchain Foundation, will digitise local time-bank cooperatives and initiate the path towards sustainable and regenerative DeFi in Asia.
In India, together with a leading financial institution, ixo is piloting the innovative sustainable DeFi mechanism of Alphabonds, for results-based financing of primary education in India, using remote learning technology which integrates with the blockchain.
In Africa ixo will be used as the platform for financing, incentivising and verifying skills development and connect millions of youth to employment and entrepreneurship opportunities, with a focus on the green economy.
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IRISnet (a.k.a IRIS Hub) is an Interchain Service Hub designed to support the next generation of distributed business applications. Built with Cosmos SDK, IRISnet is dedicated to advancing technology innovations with enterprise-level applications, and enables cross-chain interoperability through a unified service model, which supports not only token interchain transfer but also trustworthy data consumption and computation invocation across heterogeneous systems (public blockchains, consortium blockchains and legacy systems). IRISnet also focuses on technical innovations and implementations with regard to iService, NFT, Terse IBC (TIBC) protocol, cross-chain NFT applications and more.
IRISnet is also a pioneer in the Cosmos ecosystem with the 1st launched mainnet, the 1st mainnet IBC transfer with Cosmos Hub, the 1st Cosmos/IRISnet tech-based permissioned blockchain, the 1st integrated NFT module and the 1st NFT dApp.
IRISnet core development teams include Bianjie, a national award-winning blockchain technology team based in Shanghai, and Tendermint, the world-famous team that created the Tendermint consensus engine and the Cosmos project.