Impact Oracles - ELI5

We talk about Impact Oracles when an (Blockchain) Oracle is focusing on the sustainability space. For instance (i) an Oracle helping survey academic assessments in a developing country (ii) or an Oracle helping monitor reforestation efforts in an endangered forest.

Impact Oracles evaluate Impact Claims and issue Impact Proofs for the successfully evaluated claims. Blockchain technology enabling the paradigm shift, Impact Proofs are embedded in tokens, transforming this data into a unique digital asset that can be traded peer-to-peer in a transparent fashion.


Feeling lost? you might want to start reading here Impact Oracles category: START HERE


ELI5 is short for “Explain Like I’m 5”. Made popular on Reddit, it is a request for a simple explanation to a complicated question or problem.