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: Completed & closed.
- The Fund 9 proposal: <https://projectcatalyst.io/funds/9/f9-dapps-products-and-integrations/cardano-forest-blocktreeasia>. Status: Completed & closed.
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 & easiest ways to fight 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 gaining popularity among individuals and corporations, especially in Vietnam. However, we see many reforestation efforts fail to attract the donation fund/sponsorship to achieve their intended impact due to a variety of following challenges:
Critical problems in reforestration (original image)
1. Lack of proper planning:
Many corporates/sponsors lacking the expertise and knowledge & resources to develop effective sustainability plans. This leads to fragmented actions that are often seasonal, with little long-term impact. They just stops at the seasonal activities for branding purpose.
2. Transparency issue:
Double spending is common due to a lack of reliable data and third-party verification services. Without accurate and authentic data, it's hard for corporations and concerned individuals to donate to these efforts.
3. Lack of standardization in data management:
Paper-based systems are still prevalent in recording & reporting data, which leads to a lack of trust in the accuracy of reports. Furthermore, it creates barrier for funding efforts.
4. Lack of community involvement:
Many local communities are feeling disconnected from the reforestation efforts in their own land. This disconnection leads to a lack of buy-in and participation from the community. Morerover, the locals may be the one who triggers the action of deforestration in the planting site.
SOLUTIONS:
Our project aims to address these challenges with a holistic approach that focuses on fostering trust and trackability of reforestration works.
Overall BlockTree's process to foster trust & trackability (orginal image)
1. Holistics toolset for tree planting organization:
We empower them to transform from paper-based to more digitalized by providing:
(1) Mini-ERP to help them streamline the planning, execution, and reporting process.
(2) Data collection devices, which uses BlockTree's application to help their field workers to capture the ground data then transfer directly to the multi-layer verification engine. View the demo data collection app here.
Through mobile-device-management & other advanced algorithms, we ensure the authenticity of the ground data and also standardize the data so that it can be reliable.
2. Consultancy for Sponsors/Donors:
We offer consulting services to help corporations/sponsors embed sustainability into their business activities as Corporate Social Responsibility (CSR) or Enterprise Social Governance(ESG). Our experts can assist them with crafting a tailored strategy aligning with their goals. We also connect our corporate customers with planting organizations in our networks that fit their plan.
In Vietnam, we are currently connecting many organizations 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, BlockTree offers unique ways for corporates/sponsors customers to showcase their impact through NFTs and showcase portal, providing transparency and educational opportunities. The postivie 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>
Find the sample of showcase portah here: <https://blocktree.asia/forest-link/>
The data flow in BlockTree's solution (original image)
4. Tracking tools for Sponsors/Donors:
Our reporting system is designed to be seamless and trustworthy, which enables us to provide real-time updates to our customers via APIs and BI dashboards. Find the sample dashboard here: <https://lookerstudio.google.com/s/h4ahDfLRS74>
Furthermore, every transaction that comes to/from us will be tracked with transparency via the bank's public statement. Find the evidence here: <https://thiennguyen.app/user/blocktree>
By providing these solutions, we believe that we can foster trust and trackability in the reforestation process, leading to increased engagement and impact. The ultimate goal of us is gathering everyone together and makeing them join hands in the work.
Our project is more than just a digital transformation/tech solution; it is an environment to promote sustainable development and create a positive impact on environment. By leveraging blockchain technology, we can make more trust, which leads to more participation of people. Those efforts contribute to the broader goal of sustainable development, beyond the scope of this challenge as well as Catalyst.