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Advocating for Transparency and Accountability as the Foundations of Social Entrepreneurship

Two groundbreaking technologies, the Internet of Things (IoT) and Artificial Intelligence (AI), have emerged as the driving forces behind innovation. Independently, each has the potential to revolutionize industries. However, the fusion of AI and IoT, known as AIoT, takes connectivity and automation to unprecedented levels. It is within the convergence of AIoT and oracles that an unprecedented opportunity arises for social entrepreneurs to leverage advanced technology, ensuring transparency, accountability, and accuracy in measuring impact.

At PHREVO, we are committed to revolutionizing the impact-driven while creating a more integrity-based social-impact ecosystem. Our integrated framework empowers social entrepreneurs to measure impact with transparency and accountability, ensuring their initiatives make real, quantifiable change.

Let’s see how oracles work:

Representation of a desert area being reforested and monitored with IoT

Acting as trusted intermediaries between the physical and digital worlds, oracles facilitate secure data exchange. Our framework begins with AIoT devices equipped with sensors and actuators, allowing them to capture valuable data directly from the point of service. This data includes a wealth of information, such as environmental conditions, user interactions, and operational parameters. The collected data is then securely transmitted to oracles, serving as trusted intermediaries in the impact measurement process.

* Layer 1

The first layer of an oracle is dedicated to data acquisition. AIoT devices, equipped with sensors and actuators, capture data from the physical environment. This rich information collection ranges from temperature and humidity to motion and sound. Secure communication protocols, such as HTTPS or MQTT, transmit the raw data to the oracle, either directly or through an intermediate gateway.

* Layer 2

Once the data reaches the oracle, it enters the second layer for validation and verification. This layer is crucial in maintaining the integrity and authenticity of the data. Authentication mechanisms, such as digital signatures and secure hashes, validate the data’s source and detect any tampering or manipulation during transmission. Establishing trust in the data is essential for building a reliable foundation for impact measurement.

* Layer 3

The third layer of the oracle framework focuses on integrating external data sources to enrich the impact measurement process. The oracles enhance the analysis of impact by accessing relevant data, such as demographic information, economic indicators, and environmental factors. Secure APIs and data connectors enable the retrieval and merging of this external data with the captured IoT data, creating a comprehensive dataset for analysis.

* Layer 4

With the consolidated dataset, the fourth layer of AI algorithms comes into play. These algorithms, powered by machine learning, deep learning, or other AI techniques, analyze the data to extract meaningful insights. By combining the captured IoT data with the enriched external data, the AI algorithms identify patterns, correlations, and causations contributing to impact measurement. This analysis provides social entrepreneurs with a deeper understanding of the effectiveness of their initiatives.

* Layer 5

Transparency and accountability are paramount in impact measurement. Thus, the fifth layer focuses on data immutability and traceability. Blockchain technology assumes a pivotal role, providing a decentralized and tamper-proof ledger. By storing impact data on the blockchain, oracles ensure the measurements remain secure, transparent, and resistant to alteration or deletion. This immutability enables stakeholders to verify the authenticity of the data, fostering trust in the impact measurement process.

The integration of AIoT, oracles, and blockchain technology establishes a reliable and accountable ecosystem for impact measurement. Smart contracts, self-executing agreements stored on the blockchain, can automate and enforce specific impact measurement rules. These contracts define the conditions under which data is collected, analyzed, and reported, ensuring consistency and standardization across different initiatives.

For social entrepreneurs focused on creating positive social and environmental impact, measuring the effectiveness of their initiatives is paramount. Traditional impact measurement methods often rely on subjective and indirect indicators, posing challenges in establishing a clear cause-and-effect relationship between their actions and the outcomes achieved. However, AIoT and oracles offer a more precise and transparent approach to impact measurement.

For instance, in a healthcare initiative targeting underserved communities, AIoT-enabled devices can collect data on the number of patients served, specific health indicators, treatment outcomes, and other relevant metrics. Similarly, in education initiatives, AIoT-enabled devices, such as smart classrooms or wearable devices, capture data on student attendance, engagement levels, academic performance, and other key metrics. In water sanitization initiatives, AIoT-enabled sensors monitor water quality, detect contaminants, and track the usage of water purification systems.

Representation of two children attending class with their digital bracelets from PHREVO partners

The fusion of AIoT and oracles presents a groundbreaking opportunity for social entrepreneurs to measure impact with transparency and accountability. By leveraging oracles as trusted intermediaries, social entrepreneurs can directly capture and analyze data from the point of service, eliminating traditional intermediaries and ensuring data integrity.

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