Ethereum crystal symbol on mobile app screen with big BUY button. Ethereum growth concept. New digital money.
Ethereum crystal symbol on mobile app screen with big BUY button. Ethereum growth concept. New digital money. (Photo Credit: www.shutterstock.com)

The ixo Foundation, an open-source software development foundation that is using blockchain technologies to optimise the impact of sustainable development initiatives, has collaborated with ConsenSys’ Blockchain for Social Impact Coalition (BSIC).

The coalition is an initiative headed by ConsenSys, the premier Ethereum venture production studio in the world.

The company was founded by Joseph Lubin, one of the creators of the Ethereum blockchain platform and a recognised thought-leader.

The BSIC incubates, develops, and implements confederated blockchain products and solutions that can address social and environmental challenges across the United Nation’s Sustainable Development Goals.

“The goals of the BSIC are closely aligned to what we’re doing at ixo,” says Dr Shaun Conway, the founder of ixo Foundation..

“Through the Blockchain for Social Impact Coalition, we connect with a growing network of blockchain startups and development institutions who are exploring the true potential of these new technologies to tackle challenging problems in society – not only in developing countries”.

In September, ConsenSys announced a $50 million (R670 million) venture fund for startups working with blockchain technology.

Named ConsenSys Ventures, the new fund is being led by investment specialist Kavita Gupta.

“We are excited to have ixo Foundation join the BSIC,” says Thessy Mehrain, director, Product & Innovation, Consensys.

“The team stands for integrity, paired with deep knowledge of the technical space and a longstanding commitment to improving lives. For the coalition members, access to measuring impact will help optimise workflows and fund resources.”

ixo Foundation also announced partnerships with Singularity University’s SU Ventures.

Singularity University’s SU Ventures is a new program designed for the unique and more long-term needs of impact-focused startups which use exponential technologies to solve some of the world’s most pressing challenges.

As part of SU Ventures, the ixo Foundation will have access to the kind of resources most startups can only dream of. The premise behind SU Ventures is that in order for impact startups to become high-growth, sustainable businesses, they need early and ongoing funding, rapid and iterative customer testing to inform product development and connections to a global network of domain experts and potential partners. These connections include access to investment networks, as well as connections with Singularity University’s global network of experts, esteemed faculty, and industry leaders.

“For ixo, welcoming SU Ventures as a founding partner of the ixo Network will grow the community of inspired leaders and organisations who are working to achieve exponential changes in society.  We look forward to working with Singularity University to find smarter ways of tracking and optimising sustainable development impacts,” says the organisation’s founder Dr Conway.