IP-XACT is an XML format that defines and describes electronic components and their designs. IP-XACT was created by the SPIRIT Consortium as a standard to enable automated configuration and integration through tools.
The goals of the standard are
Approved as IEEE 1685-2009 on December 9, 2009, published on February 18, 2010. Superseded by IEEE 1685-2014. IEEE 1685-2009 was adopted as IEC 62014-4:2015.