We will establish a team to work with tree planting organizations in Vietnam to introduce the blockchain technologies to solve their problem in providing transparency, auditability and measurelity to their donors.
We have worked with Gaia Nature Conservation to support us on planting the trees. Gaia is a national not-for-profit organization of Vietnam. Gaia empowers people and applies its experience to stop biodiversity degradation with the aim of creating a future where humans live in harmony with our rich and beautiful nature.
For more detail about Gaia, please visit: <http://www.gaiavn.org;> please select the English version to view content in English). More planting organizations will be onboarded in the future.
A number of trees planted in a particular area will be tokenized as an non-fungible token (NFT) which includes: planting time, the picture, the tree’s coordinate (latitude-longitude)… The NFT will be minted using cardano blockchain and provided to donors then they can easily check the result, we call each NFT as a Green Certificate.
We will build a web application to track and report the progress for starting to plant the tree, growth of the tree, calculation of impact (ie: Carbon sequestered over time from our forest…), NFT creation and reporting to donors.
We will also build the community, work with corporates, government bodies to continue to raise the fund to plant and tokenize the trees. Our target is to plan 200,000 trees until 2025.
The Cardano community leans heavily toward North America and Europe. Blockchain is also widely adopted in Western world, where many companies applied blockchain technologies in the real world: supply chain and logistics monitoring, NFT for art products, payment … In East Asia, particularly in Vietnam, most people are miss understand that blockchain is all about crypto currencies.
We would like to introduce another application of blockchain technology to provide transparency, auditability, measurelity, permanence in reforestation work in Vietnam. This will help the Cardano Community as well as the blockchain community in Vietnam understand more about how blockchain technologies can apply in the real world and also help Vietnam combat against climate change. The resolution of the Vietnam government also aims to plant 1 billion trees for the period from 2021-2025. <https://en.baochinhphu.vn/vn-to-plant-one-billion-trees-in-2021-2025-period-11140813.htm>
The successfull of proposal is not only help to strengthen knowledge about the blockchain technology application but will improve the people live in Vietnam, create great social and environmental impact as well as promote the subtstainable development beyond the scope of Catalyst.
ADA market price fluctuations cause a shortage of funds for planting the tree.
Fund raised from corporates/ communities isn't enough to plant the target number of trees.
We are requesting $1,000 additional for the reserve fund.