Earth State - ixo Protocol: Cosmoverse Conference 2021
Primer: Join Dr. Shaun Conway, founder of ixo protocol, as he speaks about Earth State at the Cosmoverse Conference in Portugal in Nov 2021. He also shares how we can change the state of Earth and finance those changes and build an ecosystem with a DAO.
The consensus of the earth state is that we’re screwed but it’s possible to get out of this state if we do something soon
In 2020, at the virtual cosmos event, he talked about future states and how we can decide which future states we want for the planet
There are some memes coming out from the 26th UN Climate Change Conference happening in Nov 2021:
Societal State Transition #Race to Resilience
Economic State Transition #Race to Zero (i.e. zero-carbon economy)
Ecological State Transition #Race to Regeneration
These transitions are the changes we need to make in the coming 10 years or less
The cost for these changes will be huge:
Societal State Transition - cost Billions
Economic State Transition - cost Trillions
Ecological State Transition - cost the Earth
These are not only costs but also opportunities that will drive the future of what the planet looks like
Just the day before, some of the largest capital allocators and financial institutions made a pledge at Glasgow to put a $130 trillion into zero-carbon investments by 2030
What’s the purpose of the Internet of Blockchains?
Earth state change is the purpose here, using protocols
Blockchains enable reality verified earth state to exist within software validated chain state
This can apply to finance, data, and services (physical and digital) or any sort of changes that we want to encode and make changes to
Protocols need to connect what happens on-chain with what happens in the world
What is ixo protocol?
The protocol verifies any claims about the observations of the state of the world in a way that produces proofs that can be bundled together into non-fungible tokens.
These can then be representations of the outcomes of the state changes that happen in the world
These tokenised outcomes (Earth tokens) can be used to drive finance
Need more sophisticated NFTs than what we have currently, so they are working on a new standard called the Interchain Identifier standard
The decentralized identifier, called DID, has all the usual did components like cryptographic controls, service definitions etc.
They added Linked Resources that enable them to have verified credentials and claims that get embedded into the token
Also added Rights that can be executed on or off-chain using cryptographic methods that can be used for land usage, government subsidy or carbon offers, etc.
Use cases of the Earth tokens:
Education, immunization certificates
Can be applied to any verifiable outcome states that people are willing to invest, work towards or spend their money on
The use cases are relevant for all sectors of society
Relevant to the 17 sustainable development goals that encompass all aspects of the economy
Came up with Alphabonds that use an algorithmic and dynamic bonding curve that can respond to external state changes based on signals
The bond becomes an interface between what’s happening in the real world and on-chain
Can be utilised for the production of these outcome tokens and sustainably finance all sorts of projects
Very versatile crypto-economic primitive developed and validated through the research with BlockScience with the support of the Interchain Foundation
A pilot project has begun in India with UBS bank - doing primary education adaptive learning technologies
Started the Earth DAO to fund these projects
Initially funded by 40% of the token supply (40 million tokens) from ixo protocol
Funding is based on the Web3 sustainability loop by Trent McConaghy, founder of Ocean Protocol DAO
Fees from the usage of the protocols go back to the DAO
The tech that develops enables lower cost structures to produce the Earth tokens
As the cost comes down and the variety of the tokens increases, there will be more impact and more trades, creating a virtuous cycle that provides a sustainable growth mechanism
Interchain Foundation Earth Program
Focuses on R&D, partnerships, advocacy and education
The purpose is to empower people with the digital technologies for creating sustainable economies that enable communities to prosper, regenerate the planet and respond to the climate crisis
ixo is inviting everyone to come and join at different levels:
Human talent level
Market access and applications level
How to join the Interchain Earth Mission?
Participate in the Hackathon - has a few challenges there and taking part can help accelerate and bring ideas to the program
Always looking for developers who share the same missions
Subscribe to Earth State intelligence platform (https://earthstate.ixo.world/) - a member and community-driven information sharing and intelligence gathering platform
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