Please describe your proposed solution.
We are seeking a fund to continue with the third phase of our project. More information about the previous phases which were funded on Fund 8 and Fund 9 is as follows links :
- The Fund 8 proposal: <https://cardano.ideascale.com/c/idea/396832>. Status: closed
- The Fund 9 proposal: <https://projectcatalyst.io/funds/9/f9-dapps-products-and-integrations/cardano-forest-blocktreeasia>. Status: Completed Milestone 1,2; in submission for final milestones, awaiting approval.
Further, we are also listed in public newspapers. You can read about us here: <https://www.sggp.org.vn/trong-mot-cay-xanh-chua-lanh-dat-me-post642839.html>.
Also, we've already had the license as a Social Impact Business, which commits at least 51% profit will be spent on reforestation works. <https://masothue.com/0317775246-cong-ty-co-phan-cong-nghe-blocktree>
PROBLEMS:
The reforestation is one of the best ways to fight against climate change impact, which is the current issue for the whole world, especially in developing countries in Asia. We also plan to expand our activities for other countries in Asia: China, Korea, Bangladesh, Indonesia, Thailand, Malaysia…where are being seriously impacted by climate change.
Reforestation is a crucial component of sustainable development, and it's gaining popularity among individuals and corporations alike. However, many reforestation efforts fail to attract the donation fund/ sponsorship to achieve their intended impact due to a variety of challenges.
1. Lack of proper planning:
With corporate sponsors lacking the expertise and knowledge to develop effective sustainability plans. This leads to fragmented actions that are often seasonal, with little long-term impact.
2. Transparency issue:
Double spending is common due to a lack of reliable data and third-party verification. Without accurate and trustworthy data, it's difficult for corporations and concerned individuals to donate to these efforts.
3. Lack of standardization in data management:
Paper-based systems are still prevalent. This leads to a lack of trust in the accuracy of reports, further hindering funding efforts.
4. Lack of community involvement:
With locals feeling disconnected from the reforestation efforts in their own backyard. This disconnect leads to a lack of buy-in and participation from the wider community.
SOLUTIONS:
Our project aims to address these challenges with a holistic approach that focuses on enhancing trust and trackability of the works.
The one-page diagram is attached:
1. Holistics toolset for tree planting organization:
To digitalise the work of tree planting organisations, we provide the data collection devices including the application to help their field workers to capture their work and the mini-ERP to help the tree planting organisation streamlining the planning, execution, and reporting process. We ensure the authenticity of the ground data collected through a multi-layer verification process.
2. Consultancy for Sponsors/Donors:
We offer consulting services to help corporations embed sustainability into their business activities as Corporate Social Responsibility (CSR) or Enterprise Social Governance(ESG). Our team of experts can assist with crafting a tailored strategy that aligns with their goals. We also connect our corporate customers with planting organizations that fit their plan and . In Vietnam, we are currently connecting many organisations and individuals as sponsors to 3 tree planting organizations/inviduals with a capacity of planting 500,000 trees in one year. We are also expanding the network of tree planting organisations for greater impact. Find the detail here:
<https://blocktree.asia/forest-link/>
<https://blocktree.asia/iag-academy-showcase/>
<https://blocktree.asia/an-lac-eco-farm/>
List of individual sponsors: <https://docs.google.com/spreadsheets/d/10Jfsbqm3GkcEzW3gmQsAjEz7-F4kf6pF/htmlview>
3. Showcase tools for Sponsors/Donors:
Additionally, we offer a unique way for sponsors and corporate customers to showcase their impact through NFTs, providing transparency and educational opportunities. The environmental impact created is calculated based on the model of <https://www.itreetools.org/>. Find the sample of NFT version 1 here: <https://pool.pm/asset1h7kxjvlscsa0x5c65knzw2dhy00fmnk5hv7dhz>
4. Tracking tools for Sponsors/Donors:
Our reporting system is designed to be seamless and trustworthy, enabling us to provide real-time updates to our customers via APIs and dashboards. Find the sample dashboard here: <https://lookerstudio.google.com/s/h4ahDfLRS74>
Furthermore, every donation that comes to us will be tracked with transparency via the bank's public statement. Find the evidence here: <https://thiennguyen.app/user/blocktree>
By providing these services, we believe that we can foster trust and trackability in the reforestation process, leading to increased engagement and impact.
Our project is more than just a technological solution; it is an opportunity to promote sustainable development and make a positive impact on society and the environment. By leveraging blockchain technology, we can create a unique value proposition for our customers, and contribute to the broader goal of sustainable development beyond the scope of this challenge as well as Catalyst.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
The benefits of this solution for the Cardano ecosystem are numerous.
1.Increased Adoption:
By using Cardano as the key infrastructure for BlockTree, we are helping to drive adoption of the platform and demonstrate its capabilities to potential users and partners. This can help to attract more developers, entrepreneurs, and investors to the ecosystem, leading to increased innovation and growth. We are also working with local government authorities to introduce our solution that will help them to understand more about the real use case of blockchain technology. Our end products will be NFTs that will be transferred to the sponsor's wallet on Cardano blockchain and will also bring more new users to Cardano Ecosystem.
2. Positive Social Impact:
Our project's focus on sustainability and environmental impact aligns with the values of the Cardano community, which is committed to creating positive social impact through blockchain technology. By using Cardano to facilitate the planting of trees and other sustainability initiatives, our project can help to promote the platform's social mission and contribute to a more sustainable future.
3. Use Case Validation:
BlockTree use of Cardano as the underlying infrastructure helps to validate the platform's capabilities and demonstrate its potential for real-world applications beyond cryptocurrency. This can help to build confidence in the platform among potential users and partners, leading to increased adoption and growth.
4. Innovative Applications:
Our project's use of NFTs to showcase impact and provide transparency is an innovative application of blockchain technology that can help to drive adoption of Cardano and other blockchain platforms. By demonstrating the potential of NFTs for social impact and sustainability initiatives, our project can help to inspire other developers and entrepreneurs to explore similar applications.
Overall, our project's focus on sustainability and social impact, combined with its use of innovative applications and digital tools, has the potential to bring significant benefits to the Cardano ecosystem and help to drive adoption and growth.
To be realistic, we estimate that we can attract 10 corporate customers (big brands) within 12 months of operation (after getting funded), with a target of planting at least 250,000 trees in that timeframe, estimating that we can reach, engage and bring Cardano to ~ 25,000 end-users (including brands' customers, local community, sponsors network…). Our current presence on social channels (at July 2023) are:
- Website: 3,600 users visited during the first 6 months.
- Facebook: 6,066 followers
- Telegram Vietnam: 275 members
- Telegram Global: 47 members
- Zalo Group: 205 members
- Linked In: 436 followers
- Youtube: 40 subscribers
How do you intend to measure the success of your project?
To measure the success of our project, we will track these metrics:
- Number of corporate customers and sponsors: We will track the number of corporate customers and sponsors that use our solution to embed sustainability into their business activitie
2. Number of trees planted: We will track the number of trees planted through our solution, as this is the primary goal of our project.
3. Digital tools adoption rate: The adoption of your digital tools, such as mini-ERP and data collection devices, is also a key metric for measuring success. By tracking the number of users and the quality of the data collected, we can assess the effectiveness of our tools and identify areas for improvement.
4. Impact on the environment: We will assess the impact of our solution on the environment, including the carbon sequestration potential of the planted trees and the local community income directly generated from reforestation work.
Please describe your plans to share the outputs and results of your project?
We intend to share the outputs and impact of our completed project with a wide range of stakeholders, including corporate customers/sponsors, planting organizations, environmental organizations, and the broader Cardano community. We will use various channels such as social media (Telegram, Zalo, facebook, youtube, linked-in…), our website, and newspapers to disseminate information and updates about our project
We will also participate in relevant events and conferences to showcase our solution and share our learnings with other stakeholders in the sustainability and blockchain communities. We believe that sharing our findings and insights with a broader audience will help promote the adoption of sustainable business practices and the use of blockchain technology to solve real-world problems.
In terms of further research and development activities, we plan to use the results generated from the project to improve and expand our solution. We will gather feedback from our customers and stakeholders to identify areas for improvement and new opportunities. We will also continue to monitor industry trends and emerging technologies to ensure that our solution remains relevant and effective.
We anticipate that the project will generate valuable data and insights that can be used for further research and development in the areas of reforestation, sustainability, and blockchain technology. We plan to publish our findings and contribute to the broader academic and scientific community to advance knowledge in these fields. By doing so, we hope to inspire further innovation and collaboration in these areas and contribute to the wider goal of creating a more sustainable and equitable world.