NFCarb - open & trustless carbon credits those are verifiable on blockchain

[Biraris]

To make it user friendly & efficient, we have created the dApp. There is scope for direct verification, but we can’t facilitate any value if it is not happening through the dApp . One thing we can do: we will have a form where the users can enter relevant details of the verification they done. With this input we shall update the verification status for that token ID.

[Nweke-nature1.com]

Welcome to Grand hackathon S7
Please how would you convince someone who is ignorant about CC and it’s important,…if it happens I generate CC how would i earn from it or is there an option for trading it

[Biraris]

Hi,

1. In order to be integrated through Croin, the auditors have to be compliant with croin. This includes handling of the credits, decision making & subsequent voting through croin. To ensure the impartiality in the verification process, there will be multiple trustees/auditors and the decision shall be concluded by majority of them.
2. As of now, we anticipate open trading of CCs. Thus the currency can be chosen as per suitability of both the parties. Verification consumes Croin’s native token CR. However, when we integrate with the CC trading platforms, then the currency will be as per the platform. When we facilitate NFCarb’s own matchmaking directory (after successful NFC trades for certain time), then the CR or TRX will be the currency.

[Biraris]

Thanks.

CCs offer additional income for the activities being already done. Yet, people are ignorant due to cumbersome issuance, accounting and transfer of CCs. NFCarb solves this including verification making available at a fingertip and simple.

Though the CC can be traded in open market, we do assume hurdles in selling of CCs. Hence after feasibility runs, we shall approach big buyers (MNCs) of CCs to list on our dApp, and we shall go for integration of our dApp with the CC trading platforms.

[Andreaxino]

Welocome to tron hackathon season 7. I feel a lot of people don’t even know what carbon credits are. How does your project aim to capture such people and onboard them

[Andreaxino]

I got this error message while carrying out test instructions

[Biraris]

Tronlink is available as chrome extension in desktop only. Hence please open it in desktop browser and ensure that Tronlink extension is added.

[Biraris]

Thanks.
Awareness about CCs is a separate challenge, but we have solved some problems with conventional CCs like difficult issuance, verification & transfer. Solving these issues and making them easier would encourage some people. In long run, we will also facilitate trading or buyer-seller connects to encourage them further.

CCs offer monetization of already pursued green activities. Hence we can onboard significant people.

[ines_valerie]

Thank you for you’re replying to me, I am wishing you success as I have no more words at this point

[Nweke-nature1.com]

So are you planning to enlighten people about it’s mission

[Biraris]

Yeah, we shall try as much to encourage the people as we can for the greener activities. Easy monetization would work as the catalyst.

[Robert2]

Great project, I liked but please be more specific about milestones. What’s the point of writing 24th days of each month. Do each of those tasks require exactly 1 month?

[Biraris]

Thanks for appreciation. Actually the 24 stands for year 2024. Months are tentative

[Robert2]

oh nevermind, okay still could u write dates exactly?

[Biraris]

Okay. I’ll update the dates soon.

[Genz210]

I thought this is related to carbohydrate or something

[Chizz]

Thanks very much for giving me this clarification of your project. Good luck to you

[Nweke-nature1.com]

That would be great all the best

[aziztron]

@Biraris The demo at Devpost doesn’t match the actual interface. Are you still actively working on this project?

[gamesfi.org]

@Biraris

Our goal is to facilitate carbon credits to all stakeholders with ease. Climate conventions have encouraged generation & trading of carbon credits. But due to the expensive & complex verification and issuance procedures, there is limited practice of carbon credits(CCs). In fact, the CCs offer free money for greener activities. Yet, their issuance and trade is not widespread.
If the issuance & auditing of CCs becomes cheaper & easier, we can see a boom in their trade. It offers good monetization opportunities. Thus by facilitating the CCs at fingertips, we would bring many distant people on the blockchain platform. Blockchain technologies provide an efficient tool for issuance and accounting, hence much advantage is expected over conventional handling of CCs. Representing the CCs as NFTs is not a new idea. There are a few projects implementing this. But no such project is successful in execution due to challenges in the verification or validation. Though blockchain facilitates easier issuance and accounting, the verification remains big challenge. No one is interested in buying unverified CCs, and the CC verification is to be handled in conventional way only.
We want to provide easily verifiable CCs to all.

Project Value:
Compared to conventional CCs, those on blockchain are cost effective & perfectly accounted. Additionally, we make it open i.e. mintable by any Tron address. Thus even the small gardeners can go on to mint carbon credits for their activities. To make the CCs valuable, we provide simple & open verification by using Croin.

The NFTs even don’t rely on any server for storing the metadata. URI itself reconstructs the essential variables. Hence literally peer to peer carbon credit affairs are possible after some developments.

Project Info:
We have developed a platform offering carbon credits to everyone. Any Tron user can generate (i.e. mint) a CC by entering essential details on the dApp. It is like open minting, without any interference of the admin/owner of smart contract i.e. we. This may flood the CCs on our contract, but all the minted CCs are unverified by default. The CC is valuable only if it is verified.

Like minting, verification can also be done by anyone. The form on our dApp facilitates verification of the CC through Croin. This process is also open without anyone’s control. We do have control on updating the verification status for the CC (i.e. NFT) on our smart contract, and we should do it without any bias. Yet, the users have open access to the CC specification on our smart contract and the verification process from Croin. By linking both these ingredients, the users can convince potential buyers without anyone’s control. Hence this is a kind of trustless execution. We are there to streamline and accelerate the trade by updating verified status for each CC.

So, our project offers all users the seamless & trustless issuance, accounting & verification of carbon credits if they do/hold such activity. The issuance and accounting (of all the transfers) part is ensured by our smart contract, while the verification part is ensured by Croin. We are building a dApp to automate the Croin & smart contract execution.

I’m excited about our carbon credits project! How will Croin help make our credits reliable, and how can we get more people to mint and verify them?