ImpactScope

ImpactScope is building the protocol layer for verifying and tokenizing impact outcomes. Since 2021 ImpactScope has helped NASDAQ-listed crypto mining companies, international NGOs and social enterprises use web3 tools to measure, verify and tokenize their sustainability achievements.

Built on Astar Network, our AI & blockchain powered greenwashing detection application is used by multiple national and international financial regulators, including the World Bank and the UK Financial Conduct Authority. Our other kill app (in development) is a web3 platform for the tokenization of verified impact outcomes.

• ImpactScope's award-winning AI-powered greenwashing detection app

  Built on Astar Network, Greenwashing Identifier (GWI) is a multiple award-winning AI and web3 SaaS app developed in collaboration with the World Bank, the UK FCA and regulators in the EU and Middle East. GWI helps financial supervisory authorities save thousands of hours of research time and quickly locates contradictions and inconsistencies in corporate reporting and other data sets. We channel revenue from this app to our Decentralised Impact Outcomes Marketplace (DIOM) treasury.
  
  

• From NASDAQ-listed bitcoin mining companies to leading European exchanges

  Since 2021 ImpactScope has helped the world's leading digital asset mining companies and exchanges measure and reduce their carbon emissions. Clients include Hut8, Arthur Mining, YouHodler. For its work, ImpactScope received the Green Cross Climate Positive award during COP28 in Dubai.

• Siemens Tokenize the Energy Transition global finalist

  In 2023 ImpactScope received global recognition for its immutable, trustless web3 solution to help Energy Services Companies use Dynamic Proof of Impacts connected via onchain and offchain oracles to verify energy data outputs from IoT devices.

• A web3 marketplace for verified impact outcomes built on substrate

  ImpactScope is building a decentralized web3 marketplace for the tokenization and verification of social and environmental interventions. Designed to be built on substrate, and using a DAO wrapper, DIOM replicates many of the features of performance based social impact contracts.
  
  

Verifying and rewarding positive impact

Greenwashing in corporate communications
Financial regulators and advertising watchdogs do not have the tools and resources to monitor the truthfulness and accuracy of the green claims of companies under their supervision. Asset managers and investment funds want an easy way to detect greenwashing red flags in their portfolio companies. Finally, companies themselves are worried about the possibility of being fined under new regulations being introduced to fight greenwashing (e.g. the Green Claims Directive in the EU). When companies exaggerate their sustainability achievements, this makes it difficult for consumers to tell which companies are genuinely trying hard to reduce negative externalities and which companies are just greenwashing.

Can web3 help turn verified impact outcomes into an exciting new tokenized asset class?
Charities, NGOs, philanthropic organisations and responsible corporations all face the same challenges when it comes to creating good in the world. How can they deploy capital with maximum efficiency and at the same time verify the results they achieve? According to Charity Intelligence, a typical North American non-profit will need to spend >30 % of their budget annually on administration overheads and fundraising costs. Secondly, most non-profits cannot afford independent impact evaluators and they lack the tools and expertise to measure impact outcomes rigorously.

Using AI and Web3 to verify sustainability claims and tokenize verified impact outcomes

Using AI and blockchain to detect false green claims and exaggerated sustainability achievements
Greenwashing Identifier (GWI) is a tool that automatically detects greenwashing in corporate communications. AI identifies different types of greenwashing, namely contradictions, exaggerations and unsubstantiated claims, and automatically generates greenwashing reports. These reports are both qualitative, meaning they describe the greenwashing issues identified in the datasets, and quantitative, in that a scoring system allows benchmarking greenwashing risk among different companies. AI is complemented by Blockchain where the greenwashing reports and datasets are permanently stored to "preserve the scene of the crime" and bring the traceability element to AI.


A web3 marketplace for the monetization, tokenization and verification of positive outcomes
We have created a web3 native model to decentralize and incentivize the creation of verified impact outcomes. Impact Funders fund bounties in the sectors they want to see impact created such as healthcare, affordable housing, biodiversity, education, among others. Impact Stewards - the token holders - vote to select Creators. Funding is released from the Impact Treasury to enable the Creators. When the cost of creating impact is less than the value of the Bounty, the treasury grows, and the virtuous impact cycle can continue.

• What is the utility of the $MPACT token?

  The $MPACT token has dual utility. Firstly it acts as a governance token. It allows token holders to influence how funds in the treasury are deployed. Secondly, the token is used to reward greenwashing data labelers and impact verifiers.

• How does ImpactScope make money and how do token holders benefit?

  ImpactScope has two sources of revenue. Firstly, corporations and regulators pay a subscription fee to access reports generated by the GWI tool. Thirty per cent of GWI revenue is used to support the treasury. The second source of revenue for the treasury is the impact margin, i.e. the difference between the cost of creating impact and the value of the impact bounty. All impact margins go to the treasury in all cases.

• Which Polkadot ecosystem parachains, partners and technologies are you working with?

  DIOM, the Decentralised Impact Outcomes Marketplace, will operate as a ContainerChain connected to the Tanssi Network. The $MPACT token will be launched on AssetHub. Greenwashing Identifier has already been deployed on Astar Network.

• Who are your previous institutional backers and when will the $MPACT token go live?

  Previous equity investors include Insig AI, a data science company listed on the London Stock Exchange. Previous token pre-sale VCs include GAINS Associates and Nebulae Ventures. The token generation event will occur in Q4 2024.