Please describe your proposed solution.
Background Information:
Earthtrust Today:
Earthtrust is building a radically transparent verification network
Trillions of ADA are needed to fight climate change. However, "more than 90% of rainforest carbon offsets by biggest certifier are worthless, analysis shows" https://www.theguardian.com/environment/2023/jan/18/revealed-forest-carbon-offsets-biggest-provider-worthless-verra-aoe
How do we make sure the funding gets to real projects? How do we create more transparency and trust for money transfer? How do we know what the money was used for and what impact actually happened? This is why we start Earthtrust.
We are building Earthtrust platform v1.0. It is an online model that will allow an organization or a company to define a claim and transparently share data and documentation to prove it.
You can find more information at: https://www.earthtrust.life/ We are working hard on the backend system and expected to launch by the end of September 2023.
Here is an intro for how it is going to look like:
We are partnering with bold Pond Foundation member companies and partners who believe in the Earthtrust vision and are ready to build this new, radically transparent verification model to create trust and scale impact.
- Partners: https://www.pond.foundation/partners
- Members: https://www.pond.foundation/membership
All the partners and customers we spoke with agreed to use the Earthtrust verification solution once launched.
How Earthtrust started?
Earthtrust is a Pond Foundation initiative led by Scott Poynton. Scott has dedicated his life to inspiring regenerative planetary action with a particular focus on agricultural supply chains and forest conservation. In recent years, he's focused on climate change related initiatives through Pond Foundation.
Earthtrust was born to build technology solutions to support Pond Foundation's work and to scale climate initiatives impact. At the end of 2021 a team of product, development and business expertise joined Scott to work on Earthtrust.
As part of the journey we evaluated how to use blockchain technology and was awarded and completed several Project Catalyst proposals:
- NGO Transparency (Fund 8, Nation building dApps)
- Closing report
- Closing Video
- 21st Century Agri Supply chains (Fund 8, Nation building Dapps)
- Closing report
- Closing video
- Buy Food & Make an Impact (Fund 9, Dapps products and integrations)
- Closing report
- Closing video
There is extensive work done, collaborating with developers, corporates and NGOs and testing how blockchain can be part of the solution. Scott was invited to share his experience at the main stage at the Cardano summit in Lausanne in 2022.
The focus on this proposal, The solution:
Publishing claims on Earthtust and providing self documentation is a first important step.
The next level is developing a network of experts that can verify, question and provide comments around the claims and share their view as to whether the claim is verified. This will lead to more transparency, trust in the project, learning, sharing ideas and seeing how to improve money flows and impact on the ground.
Our intention is to build a model for a DAO of experts that can collaborate on a certain area of interest. We start with the use case of Earthtrust to bring together a group of experts that can verify companies' climate related claims.
The work we are doing can be a base for a DAO of any group of experts coming together around a common subject (health, research, Finance, open source technology). Key elements to consider in such a DAO will include:
- Expert profile (filed, experience, location)
- Expert availability (willingness to take part, time available, commitment overtime, participation, ready to travel…)
- How to define and structure interactions between daw members
- What will be the governance model
- How decisions are being made
- How do we verify who contributed
- What will be the rewards model
- Tokenisation structure
- Legal structure
This proposal will research the answer to those questions and more questions that will come through the work. We will also check what available tools & solutions already exist in the ecosystem to support the DAO structure and what gaps we still see.
Overall we aim to create a framework for Expert DAOs for the service of the community.
How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?
The challenge objective:
"How can we make Cardano the go-to choice for building DAOs? What tools can we provide to enable effective DAO's Creation & Operation"
This proposal will build a framework for any group of experts looking to collaborate under a DAO structure. It will help to position Cardano as a go to chain for expert groups to give it some advantage in this area.
Working on a specific use case will help to showcase the model and attract more expert groups.
How do you intend to measure the success of your project?
The main measurement will be able to define a framework for DAOs of a group of experts. We will measure it by being able to answer the key question above and test it on a specific model for Earthrust.
Some of the matrics that will be measured will include:
- Number of Cardano available tools for an Expert DAO
- Number of tools that will be analysed
- Identify gaps for tools that are missing for such a DAO
Please describe your plans to share the outputs and results of your project?
You can see from the reports provided for projects done so far the level of information provided to the community. "The 21 century agri supply chain report" was set as an example for a closing report by the Catalyst team as presented in one of the town halls.
- 21st Century Agri Supply chains (Fund 8, Nation building Dapps)
- Closing report
- Closing video
As the Earthtrust product aims for transparency, once we launch the platform, the aim is to have Earthtrust also as one the companies in the platform and sharing full details of use of funds and activities, including this research.
Pond Foundation and Scott Poynton are very active in Social networks and especially LinkedIn, where the information will be shared as well. Here is an example of a recent post that mentions Earthtrust model to start creating awareness for the solution: https://www.linkedin.com/feed/update/urn:li:activity:7080482150776500224/