Project Name: CarbonPort
Project Track: Eco-Friendly
Team Name: TRONic Greens
Team Member(s): 3
Dorahacks Project Link: Carbonport | Buidls | DoraHacks
Project Goal: Facilitating carbon-based asset liquidity on the TRON blockchain by leveraging established tokenized carbon assets from various networks.
Project Website: https://carbonport.xyz
Project Test Instructions:
- Mint some test tokens from Toucan on Polygon Mumbai: Faucet - Toucan
- Connect your Polygon and TRON wallet onto CarbonPort
- Bridge your tokenized carbon assets over to TRON
- Utilized WrappedNCT to create green projects on TRON
Project Details: CarbonPort is a cross-chain aggregator for bridging tokenized carbon assets from various blockchain networks to the TRON blockchain. It aims to reduce market fragmentation and accelerate the delivery of climate finance to sustainability projects globally. CarbonPort will bridge carbon assets on the Toucan Protocol onto the TRON blockchain, providing a seamless UX/UI tailored for beginner users. By locking carbon assets on the respective chains and minting wrapped carbon tokens on TRON for trading, CarbonPort will facilitate rapid development and adoption of green initiatives across the blockchain ecosystem.
Problem Statement:
To develop sustainable solutions on the TRON blockchain, such as decentralized renewable energy trading platforms, blockchain-based carbon offset marketplaces, and supply chain traceability systems for eco-friendly products, a foundational requirement is to establish carbon-based asset liquidity on the network. Numerous projects exist on various blockchains, having already built the infrastructure needed to tokenize real-world carbon assets. Rather than reinventing the wheel and creating redundant systems, Carbonport aims to leverage the established liquidity of these projects and bring it to the TRON blockchain.
Purpose:
By reducing market fragmentation and accelerating the delivery of climate finance to sustainability projects globally, Carbonport seeks to foster the creation of innovative solutions that promote sustainability, reduce carbon emissions, and contribute to a greener earth. By tapping into existing tokenized carbon credit markets on other chains and providing a seamless bridge to the TRON network, Carbonport will facilitate the rapid development and adoption of green initiatives across the blockchain ecosystem.
Features
- Bridge carbon assets on Toucan Protocol onto the TRON blockchain (v1)
- Provide a seamless UX/UI tailored for beginner users
- Lock carbon assets on the respective chains and mint wrapped carbon tokens on TRON for trading
Rationale
Carbonport seeks to address humanity’s most pressing challenge - climate change. Current economic systems have failed to incentivize the changes required to mitigate the effects of climate change, and traditional carbon markets have fallen short in addressing these issues.
By enhancing the infrastructure for environmental assets in Web3, Carbonport helps resolve key market challenges, such as fragmentation, inefficiency, lack of uniform data, and limited access. Programmable carbon empowers builders and innovators to embed climate finance directly into economic transactions, paving the way for regenerative systems by design.
Carbonport utilizes a smart contract to power its cross-chain bridge, facilitating the secure and efficient transfer of tokenized carbon credits. As the platform evolves, more carbon credits will be available to bridge over to TRON using Carbonport.
Conclusion
By bringing liquidity to tokenized carbon credits on the TRON network, Carbonport aims to enable the development of sustainable solutions that can reshape our economic systems and make them more environmentally friendly. Together, we can create a greener future, address climate change, and protect our planet for generations to come.
Smart Contract links: Wrapped Carbon Token
Project Milestones: Mainnet by June