News and Announcements
Socialsuite joins with IXO to pioneer social impact blockchain
- Published February 26, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Socialsuite bound to integrate smart contracts from the IXO protocol.
- Blockchain technology viewed compatible as an advanced step for Socialsuite’s impact-focused technology
- IXO protocol is backed by a global team of blockchain experts geared to work alongside Socialsuite and YGAP.
Socialsuite, a Melbourne headquartered technology firm joins forces with IXO, a pioneer in social impact blockchain. The partnership entails utilisation of the blockchain system initially conveying the international blockchain smart contracts financing via validated social impact.
Ongoing application of smart contracts involving impact measurement has been initiated already locally by the two companies. As expected, the impact measurement in the domestic market is valued at approximately AU$268 million. International market projection is worth almost US$12.5 billion respectively.
Presently, Socialsuite is widely known as a SaaS provider aiding public-centred institutions in evaluating results and influences of their overall performance. Hence enabling smart systems for the local authorities, private and enterprise funders to relay productiveness in public and socio-economical activities. IXO stands as the international trendsetting blockchain protocol offering precise impact measurement integrating blockchain to maximise sustainable development impact. Through the IXO protocol, institutions and funders are united in acquiring a decentralised impact trade in crafting proof of impact.
Proof of impact serves as a key to entering social impact bonds and local authority subsidies hence minimising analytical expenditures. Such gathered information results integrated into an international impact ledger, transparency in showing institutions and research facilities benefitting to augment impact directives.
Tasked to test and gauge the integration initial performance, YGAP, a not-for-profit development organisation will handle the release in series funding tranches via blockchain smart contracts based on verified impact goals.
Creating transparent public networks secures the most trusted and highly efficient system equipped with the pure integrity of data across all users. Once proven successful, smart contracts would remarkably uphold application of financial tools through optimum social spending mainframe.
Company Updates
The prefab company that deliberately leaves part of the house unbuilt
BuiltQuik prefabricates the floor and roof structure and stops there. Co-founder Ryan Mullaney argues the omission is the product. Prefabricated housing usually means a factory. A large central facility, identical modules, limited room to move on design, and a logistics problem getting the finished box to site. BuiltQuik builds the opposite, and the design decision […]
Dogs First to Reduce Risk: QBiotics’ Smarter Path to Oncology Markets
QBiotics took a compound derived from a north Queensland rainforest tree all the way to veterinary registration before pursuing human oncology to de-risk its human cancer programme. Interim CEO Ebru Davidson argues that sequence – now backed by early responses across several human cancers – is the company’s real asset. The story that pulled Wholesale […]
Built on discipline, not complexity: inside an ASX equities income strategy
Haydn Froggatt and Zac Brabin have decades of derivatives experience between them and access to almost any strategy in the market. They use two of the simplest structures available, and wrote 202 positions with them last year. Published by Fairway Capital Management. Based on an interview with co-founders Haydn Froggatt and Zac Brabin. Two traders, […]
Backed By Leading Investment Groups and Family Offices
