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ImpactScope: Web3 Tools For SDGs
Sustainable ADA | Feb 8, 2023
Vision & Mission
ImpactScope uses web3 tools to help organizations verify and monetize their impact.
“Our vision is to become the company of reference for organizations wishing to create sustainable impact by leveraging Web3 technologies.” – ImpactScope
More about ImpactScope
ImpactScope launched its first apps at the beginning of 2021. At the time the main focus of ImpactScope was on helping digital asset ventures understand and address the environmental impact of their operations. The first web3 tools deployed were the crypto wallet carbon emissions calculator and CO2 offsetting APIs.
ImpactScope quickly became a global authority in helping bitcoin miners, NFT ventures and cryptocurrency exchanges measure and offset the carbon emissions of their operations. Early clients included some of the largest crypto mining ventures in North America as well as Europe’s leading crypto lending platforms and fiat offramp providers.
In mid-2022, ImpactScope expanded its mission and started building tools to help all impact-focused organizations realize the potential of web3 tools to monitor, verify and tokenize their impact.
Tokenizing behavior change and designing impact dashboards
Although most blockchain practice and research focus on the ledger design, there is a greater need for connecting it with the types of behavior these ledgers seek to modify and the ecosystems they are built around. ImpactScope has experience in designing complex token economies to incentivize behavior change across a wide range of industries and ecosystems, from promoting sustainable behavior in football fans to designing impact tokens to finance regenerative economies.
For several partners, ImpactScope has designed impact dashboards to display ESG metrics and specific impacts achieved over time. ImpactScope was recently named as one of the global finalists in the Siemens Tech4Sustainability: Tokenize the Energy Transition Challenge. We also proposed a similar dashboard for stake pool operators on Cardano in the most recent Catalyst challenge.
The Team
Learn more about the team here.
Why Create ImpactScope?
“The lightbulb moment was when I was buying a plane ticket online in 2019, and when I came to the last screen of the checkout process I was given the option to add on a few dollars to compensate (offset) the carbon emissions of my ticket, and I thought to myself, “Wow, we need something like this for crypto exchanges,” and that is how ImpactScope was born. Since then we have expanded far beyond just climate action tools, but for the first year of our operation that was our main focus.” – Sean Murphy
Challenges ImpactScope will solve with Blockchain Technology
ImpactScope recognizes that blockchain-based monitoring, reporting, and verification tools will play an important role in securing the integrity and transparency of ambitious social programs.
The responsibility to deliver effective and transparent tools to help municipalities, regions, and governments measure, display, and address the social and environmental impacts of their infrastructure projects is enormous.
Why Cardano?
“At ImpactScope when it comes to blockchain infrastructure in general, we consider ourselves protocol agnostic; however, we really appreciate that the Cardano4Climate community is doing a lot of great things to support, encourage and fund incredible projects with social enterprises fighting for climate action.
We have attended a number of Cardano community events both online and offline, including the 2022 Cardano Summit in Lausanne, where both our Chief Sustainability Officer, Michele Soavi, and co-founder, Sean Murphy spoke. We already have a lot of friends and collaborators in the Cardano ecosystem, and I’m sure that by the end of this year, we will have even more”. – ImpactScope
ImpactScope is interested in working with members of Cardano4Climate, Climate Neutral Cardano, and Sustainable ADA. We are also interested in creating long-term synergies with impact-driven companies within the Cardano ecosystem.
Challenges in the Web3 Space
The intersection of web3 and social impact is very new. All the start-ups designing and building applications in the space are learning as we go, whether we like it or not. The biggest challenge is identifying pain points where web3 tools can really move the needle and genuinely solve problems in a way that is better than centralized web2 tools.
With this in mind, the best areas to focus on are operational challenges where increasing transparency has value, so tools that focus on the immutability of data, improving transparency, crowdsourcing verification, etc.
If a web3 app is just a solution looking for a problem or if it is just adding a layer of complexity without adding clear value then stay away from it. When it comes to web3 tools for SDGs specifically, which is the area that ImpactScope works in, there are a lot of challenges that are technological / user interface related.
Basically, there are not enough platforms and resources that make it easy for companies to dip their toes into web3. If you are a mission-driven enterprise or impact-focused organization and you want to experiment with deploying web3 tools to measure, verify impact, or tokenize aspects of your impact, where do you even go?
Easy-to-deploy tools will increase use cases. More use cases will lead to wider adoption.
Connection to the Sustainable Development Goals
The United Nations’ 17 Sustainable Development Goals (SDGs) are an urgent call for action by all countries. This enables countries to create global partnerships that work towards achieving these goals. The goal is to achieve the SDGs, which are built upon decades of work by countries and the UN.
Blockchain technology is a key technology for the SDGs because it enables stakeholders globally to have the ability to track, record, and share data that is immutable, timestamped, and verifiable. ImpactScope has a strong connection to the SDGs through the tools they are harnessing through blockchain technology.
“At ImpactScope, we understand the potential of web3 technologies to optimize the performance of impact-driven companies. We are building a suite of complementary tools for organizations to drive the impact value of their operations within several industries. “ – ImpactScope
ImpactScope supports the following Sustainable Development Goals:
SDG 8 – Decent Work & Economic Growth
SDG 11 – Sustainable Cities & Communities
SDG 12 – Responsible Consumption & Production
SDG 17 – Partnerships for the Goals
What other projects/ initiatives do you have in the pipeline, and how might they connect to the SDGs, and positive social and environmental impact?
“We are big fans of Seán Lynch’s Open Litter Map and Littercoin. Early next year we plan on forking it and experimenting with various Verify2Earn tokenomics models to incentivize community garbage collection and recycling. Two other partners we are building web3 applications for/with include Takataka Plastics (Dynamic Proof of Impact NFTs) and Changers.com.” – ImpactScope
Links:
To learn more about ImpactScope, you can view the recording of the event by following the links below.
Introduction – https://youtu.be/K-6OXwYnfEw?t=258
Climate-focused value chains:
- Can technology really help with the climate? – https://youtu.be/K-6OXwYnfEw?t=1098
- Sustainability of Blockchain technology – https://youtu.be/K-6OXwYnfEw?t=2540
Link for reference: https://summit.cardano.org/agenda-day-1/climate-focused-value-chains-in-the-age-of-web3/
Learn More:
ImpactScope will be delighted if Sustainable ADA readers help them in building a community of like-minded people to support social projects via powerful tools within the web3 world.
This could be easily done when readers engage with us to share their intentions and determination on our social media channels:
Instagram | Twitter | LinkedIn | Telegram | Discord
You can also contact their team for potential collaborations at *info@impactscope.com*