Challenge Area:
Carbon Emissions
Problem Statement:
Inaccurate carbon credit markets lead to greenwashing and mistrust.
Solution Concept:
A blockchain-based carbon credit platform (e.g., Avalanche) for transparent trading. Smart contracts verify emission reductions using IoT data.
Expected Impact:
Increases trust in carbon markets, offsetting 1M+ tons of CO2 annually.
Next Steps:
Develop a PoC with Avalanche, integrate IoT simulations, and create maintenance manuals.
Challenge Area:
Carbon credit markets
Problem Statement:
Inaccessible and opaque carbon credit markets limit participation from small-scale green projects.
Solution Concept:
A blockchain-based carbon credit marketplace where projects mint tokenized credits verified by smart contracts. Buyers trade credits transparently.
Expected Impact:
Democratizes carbon markets, incentivizes emissions reduction, and supports climate-friendly projects.
Next Steps:
Develop a PoC with a carbon credit minting smart contract on a blockchain like Algorand, plus a trading interface.