**ImpactScope and Norfolk County Council Launch Pilot for Blockchain-Based Outcomes Funding**
Norwich / Geneva – ImpactScope, a leading technology company in blockchain innovation, has announced a new partnership with Norfolk County Council (NCC) in the UK. The organizations have signed a Memorandum of Understanding (MoU) to pilot the deployment of ImpactScope’s Decentralized Impact Outcomes Marketplace (DIOM) technology as part of a new Outcomes Fund.
This forward-thinking collaboration aims to showcase how blockchain technology and web3 tools can enhance the commissioning and verification of social impact outcomes. NCC, recognized for its progressive approach to adopting new technologies, will use this pilot to test DIOM as a digital orchestration layer for outcomes-based funding.
The pilot’s primary focus will be on achieving measurable improvements for vulnerable young people and their families. In addition, it seeks to streamline administrative processes and provide real-time visibility of results, ensuring efficiency and transparency for all stakeholders.
Sean Murphy, CEO of ImpactScope, expressed his enthusiasm about the partnership:
“This collaboration with Norfolk County Council is a significant milestone in the application of emerging technologies in the outcomes funding space. By combining the transparency of blockchain with AI-driven monitoring, DIOM has the potential to unlock scalability and cost efficiencies that traditional outcomes funds often struggle to achieve. We are proud to support NCC’s vision in pioneering this approach.”
Councillor Fabian Eagle, NCC Cabinet Member for Economic Growth, also commented on the partnership:
“Norfolk County Council has a strong track record of being at the forefront of innovative funding approaches that bring tangible benefits to our residents. We are pleased to be partnering with ImpactScope on this pilot initiative. Our commitment to innovation remains central to our mission of serving our communities. DIOM presents a promising and practical way to enhance transparency, foster collaboration with our partners, and ensure that public funding generates the greatest possible impact.”
This pilot initiative is expected to yield valuable insights and demonstrate the significant potential of DIOM in revolutionizing outcomes-based funding.
*Please note: Neither ImpactScope nor Norfolk County Council have any affiliation with Pressat or pressat.co.uk, and this news is not being distributed by them in any way.*
https://www.businessmole.com/impactscope-and-norfolk-county-council-collaborate-to-implement-diom-technology-in-outcomes-fund/
