Please describe your proposed solution
Comprehensive Carbon Sequestration Platform Using IoT, Wolfram Alpha, and Aiken Smart Contracts integrated with NMKR for Verra-compliant Carbon Credit Issuance on Cardano under Law 7190/2023
This project will use IoT, Wolfram Alpha, and blockchain technology to implement and verify carbon sequestration techniques in Paraguay, ensuring Verra-compliant token issuance under Law 7190/2023.
Carbon Sequestration Techniques Applied to 1 Hectare:
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Silvopasture (Trees integrated with livestock grazing)
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Sequestration Potential: 3 tons of CO2 per hectare per year.
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Process: Trees are planted in grazing areas, sequestering carbon in biomass and soils. IoT sensors monitor growth, livestock activity, and soil health. Data verified via Wolfram Alpha triggers Aiken smart contracts for token issuance through NMKR.
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Environmental Benefits: Enhances biodiversity, reduces methane emissions, and increases soil carbon, improving water retention and fertility.
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Biochar & Terra Preta (Anthropogenic Black Earth)
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Sequestration Potential: 2 tons of CO2 per hectare per year (combined).
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Process: Biochar and Terra Preta are applied to improve soil carbon content. IoT devices track soil fertility and carbon levels, and data is verified through Wolfram Alpha before feeding into Aiken smart contracts for credit issuance.
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Environmental Benefits: Improves soil health, boosts microbial activity, and enhances water retention, reducing the need for chemical fertilizers.
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Conservation Agriculture (No-till farming, cover cropping)
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Sequestration Potential: 0.2 tons of CO2 per hectare per year.
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Process: Practices like no-till farming and cover cropping minimize soil disturbance, improving organic carbon buildup. IoT sensors track improvements, and data is verified by Wolfram Alpha, triggering Aiken smart contracts for tokenization.
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Environmental Benefits: Enhances soil health, reduces erosion, and conserves water, while reducing the carbon footprint of farming activities.
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Reforestation
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Sequestration Potential: 6 tons of CO2 per hectare per year.
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Process: Native tree species will be planted in degraded lands. IoT sensors track tree growth and soil carbon changes, and Wolfram Alpha verifies the data for smart contracts. Reforestation contributes to carbon sequestration, habitat restoration, and ecosystem resilience.
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Environmental Benefits: Restores ecosystems, supports biodiversity, and sequesters significant amounts of carbon through tree biomass.
Total Carbon Sequestration Potential for 1 Hectare:
- Silvopasture: 3 tons CO2
- Biochar & Terra Preta: 2 tons CO2
- Conservation Agriculture: 0.2 tons CO2
- Reforestation: 6 tons CO2
- Total Sequestration: 11.2 tons of CO2 per hectare per year
Complex Illustration
Simple Illustration
Issuing Carbon Credits on the Cardano Blockchain:
- Data Collection and Verification: IoT devices continuously collect real-time data on carbon sequestration, soil health, and tree growth. The real world data
- Wolfram Alpha: Processes and verifies the data, ensuring accuracy before feeding into the blockchain. It is the link
- Aiken Smart Contracts: Verified data triggers smart contracts, ensuring that carbon credits are only issued for actual, verified sequestration.
- Tokenization via NMKR: After verification, carbon credits are tokenized and made available for trading on the Cardano blockchain, adhering to Verra standards and Paraguay’s Law 7190/2023.
Carbon Credit Value in Paraguay:
- Current Market Price: $14 per ton of CO2.
- Total Annual Carbon Credit Value per Hectare:
- 11.2 tons CO2 x $14/ton = $156.80 per hectare per year from carbon credits.
Sustainability:
APY Calculation for per Hectare:
- Land Cost in Paraguay: $1,000 per hectare (average).
- Carbon Credit Revenue per Hectare per Year: $156.80.
- APY:
- APY from Carbon Credits: 15.68% per year based on land costs and carbon credit revenue.
Additional Environmental and Agricultural Benefits:
- Improved Soil Fertility: Biochar, Terra Preta, and conservation agriculture enhance soil quality, boosting fertility and reducing dependency on synthetic fertilizers.
- Enhanced Water Retention: Techniques like silvopasture and biochar improve water retention, making land more resilient to drought, crucial in dryland areas.
- Biodiversity and Ecosystem Restoration: Reforestation and silvopasture restore degraded ecosystems, supporting wildlife and improving biodiversity.
- Sustainable Farming Practices: Conservation agriculture sequesters carbon while improving farm productivity, reducing erosion, and enhancing water management.
Conclusion:
By implementing these carbon sequestration techniques across 1 hectare of land, 11.2 tons of CO2 can be sequestered annually, generating both environmental and financial benefits with an APY of 15.68%. The integration of IoT, Wolfram Alpha, Aiken smart contracts, and NMKR ensures a transparent, scalable, and efficient system for Verra-compliant carbon credit issuance under Paraguay’s Law 7190/2023. This project will enhance land quality, support sustainable farming, and contribute to global climate goals.