Please describe your proposed solution.
Sunflower EcoTech (formerly Eco Labs) proposes to develop RegenID, a decentralized application (dApp) built on the Atala PRISM platform. RegenID will issue Bioregional Passports, a form of verifiable credentials, to environmental stewards, or "Regenerators". This will be used to validate their skills, relationships, and reputation within their local communities, creating a necessary layer of transparency and accountability in carbon and eco credit markets.
"Our mission is to increase humanity's capacity to regenerate ecosystems faster than we degrade them." - Sev, co-founder of Sunflower EcoTech
TL;DR:
RegenID leverages Atala PRISM to verify skills and reputations of regenerative projects, aiming to restore trust in the carbon credit and ecological asset market. By issuing Bioregional Passports to environmental stewards, RegenID incentivizes participation in ecological asset markets and ensures eco-credit buyers support genuine community-rooted projects. Use cases range from reputation sensing and eco asset tracking to empowering regenerators and engaging patrons. The initiative, piloted in Colombia and extended to Zambia and Kenya, showcases Cardano's potential for real-world impact and sustainable development.
OVERVIEW
The specific challenge we aim to address using Atala PRISM is the lack of a recognized and verifiable system for acknowledging the <u>skills</u>, <u>reputation</u>, and <u>community relationships</u> associated with regenerative projects across diverse bioregions. This issue hinders effective collaboration, trust, and fair allocation of ecological asset payments within and across communities.
Public trust in the carbon credit and ecological asset market is eroding due to the absence of community accountability measures in the accreditation process. This gap has led to instances of system exploitation by external actors sometimes called "carbon pirates". These actors acquire vast tracts of land, often to the detriment of local or indigenous communities, and then sell carbon credits to investors under the guise of land protection and regeneration, even when their actions are far from regenerative. Simultaneously, numerous individuals and smallholder regenerative farms are diligently working within their communities to restore and regenerate the land, yielding positive environmental outcomes. However, they lack a mechanism to validate their efforts and the credibility of their projects in the carbon credit and ecological asset marketplace, thereby missing out on potential funding incentives.
RegenID aims to fill this gap by establishing a recognized and verifiable system to acknowledge the skills, reputation, and contributions of Regenerators across various bioregions. A Bioregional Passport obtained on the RegenID platform will serve to manage credentials (or badges / stamps) associated with skills, connections to local communities, and enable fair ecological transactions in the carbon credit and ecological asset marketplace. This approach will incentivize reputable community regenerators to participate ecological asset markets, while also providing eco-credit buyers with the necessary information to ensure their investments are supporting genuine, community-rooted regeneration projects.
USE CASES & USERS
Reputation Sensing: In scenarios where a corporation has bought land, displaced indigenous people, and attempts to sell eco credits, they may be unable to obtain a credential from the local conservation group due to their extractive practices. Their lack of a RegenID reveals their disconnect from the community, providing a form of "reputation sensing" for potential eco credit buyers.
Onboarding and Tracking Eco Assets: RegenID can be used in the onboarding process of our Adaptive Agroforestry Methodology. It serves as a web3 identity associated with the eco assets produced at regenerative sites.
Volunteers and Travelling Regenerators: RegenID can be used to empower lead farmers to issue badges to volunteers, tracking their capabilities and associations with specific bioregions/biomes. This allows for:
2a) Tracking Regenerators' experiences working in certain types of climates/ecosystems.
2b) Enabling Regenerators to identify active individuals and projects in bioregions they could visit.
Regen Experts and Consultants: Experts in regenerative farming practices can use RegenID to track the projects they're associated with, serving as a living, automatically verified resume. This provides them with a proven, auditable track record of successful projects they've worked on.
Patrons and Contributors: Buyers can also obtain a RegenID to track their contributions to regenerative projects and receive badges for reaching certain milestones. This system could also facilitate eco-tourism. For instance, a patron contributing a certain tier of funding or a number of Eco credits purchased from a specific project could earn the opportunity to schedule a tour of the site using their RegenID.
RegenID is unique because it empowers Regenerators, their patrons, and local communities by providing a trusted, verifiable system for recognizing skills and reputation. This not only benefits the Regenerators and communities involved but also contributes to the broader goals of sustainable development and climate action.
We will pilot this initiative in Barichara, Colombia, with three pilot sites and in collaboration with the Barichara Territorial Foundation and the Syntropic Collective. We also plan to extend our pilot testing to land stewards in Zambia and Kenya.
This solution is important to Cardano because it showcases the potential of the Atala PRISM platform and the Cardano blockchain to address real-world challenges and create social impact. By supporting RegenID, Cardano can further its mission of providing a more secure, transparent, and equitable platform for building the global financial and social operating system of the future.
RegenID facilitates effective collaboration, trust, and fair allocation of ecological asset payments within and across communities.This not only benefits the Regenerators and communities involved but also contributes to the broader goals of sustainable development and climate action.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
Demand for carbon credits and ecological assets is escalating as companies strive towards net-zero and sustainability goals, indicating a large and rapidly expanding market. RegenID, built on the Atala PRISM platform, addresses a widely recognized problem in the rapidly expanding carbon credit and ecological asset market, having the high potential of widespread and rapid adoption within the growing industry, having a positive and considerable impact on the Cardano ecosystem.
Sunflower EcoTech’s proposed solution, RegenID, directly addresses the challenge of creating a decentralized identity solution using Atala PRISM, creating a user-friendly and scalable way to transparently demonstrate the value of the regenerator’s reputation and ties to the local community. This valuable tool helps to address one of the most widely recognized problems in the rapidly growing carbon credit and ecological asset marketplace: the lack of transparency and trust in the environmental claims tied to carbon credits ecological assets. Investors engaging with RegenID will be able to see proof that a regenerator has a good reputation within the community and the experience and skills required, adding credibility to the environmental claims made by qualified regenerators.
By developing a dApp that issues Bioregional Passports to Regenerators, we are leveraging the capabilities of Atala PRISM to provide a secure, verifiable, and decentralized system for recognizing skills and reputation in the field of environmental stewardship.
This tool would be incorporated as an essential component of the Eco Credit being developed by Sunflower EcoTech, the Adaptive Agroforestry and Smallholder Stewardship Eco-Credit, guaranteeing an initial user base. However we envision a much wider adoption of the tech stack within the industry among other registries and methodologies facing similar challenges. Sunflower EcoTech’s commitment to open source paves the way for a wealth of potential uses across the ecological asset market and beyond.
The benefits to the Cardano ecosystem:
- Showcasing Use Cases: RegenID will serve as a practical and impactful use case for Atala PRISM and the Cardano blockchain. It will demonstrate how these technologies can be used to address real-world challenges and create social impact.
- Growing the Community: By engaging Regenerators, local communities, and organizations involved in land regeneration, we will bring new users to the Cardano ecosystem. Our pilot projects in Colombia, Zambia, and Kenya will serve as a starting point, with the potential to expand globally.
- Strengthening the Ecosystem: RegenID will contribute to the robustness of the Cardano ecosystem by adding a new type of decentralized application. This will enhance the diversity and resilience of the ecosystem.
- Addressing Key Issues: Our solution addresses key issues in the field of environmental stewardship and ecological asset transactions. By providing a trusted, verifiable system, we can facilitate fair transactions and collaborations, contributing to sustainable development and climate action.
In terms of quantifiable impact, we aim to engage at least 100 Regenerators in our pilot projects within the first year. We also aim to issue at least 500 Bioregional Passports within the same timeframe. These numbers are realistic given the size of the communities we are working with and the interest in regenerative practices. As we refine our solution and expand to other regions, we expect these numbers to grow significantly.
How do you intend to measure the success of your project?
The success of our project, RegenID, will be measured through a combination of quantitative and qualitative metrics that reflect the impact on the Regenerators, the local communities, and the Cardano ecosystem.
- Number of Bioregional Passports Issued: This is a direct measure of the adoption of our solution. Our initial target is to issue at least 500 Bioregional Passports within the first year.
- Number of Verifiable Credentials (Badges) Issued: This will indicate the level of skill recognition and validation happening through the system. We aim to issue a significant number of badges within the first year, reflecting the diverse skills and contributions of the Regenerators.
- Number of Participating Organizations: The number of local and global organizations that join the network and start issuing credentials will be a key measure of the system's credibility and impact.
- User Feedback: We will conduct regular surveys and interviews with users to gather their opinions on the usability, value, and impact of RegenID. Positive feedback and constructive suggestions for improvement will be indicators of success.
- Impact on Ecological Asset Transactions: We will incorporate the role of RegenID in our Adaptive Agroforestry & Smallholder Stewardship methodology used to issue ecological assets. Success in this area would be reflected in an increase in fair and transparent transactions, as well as positive feedback from both Regenerators and organizations involved in these transactions.
- Growth of the Cardano Community: We will track the number of new users brought into the Cardano ecosystem through RegenID. Our goal is to attract a significant number of new users within the first year.
- Influence on Other Developers and Innovators: The success of RegenID can inspire more developers and innovators to explore the potential of Atala PRISM and the Cardano blockchain. While this is harder to measure directly, indicators could include references to RegenID in forums, blogs, and social media, as well as inquiries and collaborations.
In the short term, these measures will provide a clear indication of the project's initial impact and success. In the long term, they will help us track the sustained growth and influence of RegenID, its contribution to the Cardano ecosystem, and its role in promoting sustainable development and climate action. We believe these measures are realistic given our understanding of the communities we are working with, the interest in regenerative practices, and the capabilities of the Atala PRISM platform and the Cardano blockchain.
Please describe your plans to share the outputs and results of your project?
Our plans to share the outputs and results of the RegenID project are as follows:
- Community Engagement: We will share bi-weekly updates on our progress, achievements, and learnings with the Cardano community through forums, social media, and other platforms.
- Partnership Development: We currently hold weekly "Collaborative Sync" calls with our partners and collaborators, where we share updates with each other. We will continue and expand these calls.
- Publications and Presentations: We will aim to publish at least 4 articles or blog posts documenting our work and findings. We will also aim to present our work at at least 2 relevant conferences or events.
- Open Source Contributions: As part of our commitment to the Cardano ecosystem, we will make our code and other technical outputs available as open-source resources immediately upon completion of major milestones.
- Further Research and Development: The results of the RegenID project will inform our ongoing research and development activities. We will use the insights gained to refine our solution, develop new features, and explore new applications of Atala PRISM and the Cardano blockchain in the field of environmental stewardship.
- User Stories and Case Studies: We will aim to publish at least one user story or case study per quarter that highlights the impact of RegenID on individual Regenerators, communities, and organizations.
By following this schedule, we aim to keep all stakeholders informed of our progress and to foster a greater understanding of the potential of Atala PRISM and the Cardano blockchain.