The proposed intervention of the Cardano Community Hub initiative is expected to impact on the social and environmental conditions of the people of Cambodia, in the short and long run.
This may be effective, as it comes as novelty in project initiative and contributes to the number of proposals and projects emanating from East Asia under project catalyst.
The intended audience for project “Community Hub - Sustainable forestry in Cambodia” is majorly the government that gives approval for land operations. Other stakeholders in the project are established and are expected to make gains from the Floresta Tree Note (FTN), which provide profitable functional solutions in the following: financial, social, environmental, and CO2 offset.
The functional solutions by implication allows stakeholders to achieve profitability by doing good.
In coordination with <https://gerolamo.org/> and <https://cardanocommunityhubs.com/> we will strive to introduce benefits of a Cardano Community Hub into the forest Ecosystem of this project.
Create a Cardano Community Hub within the local communities to support the larger project.
Leading by example in the Asia regions we will encourage the growth in the number of Cardano Community Hubs.
The challenge before Cardano Community Hub in Cambodia should continue as part of global remedy issues inherent in unsustainable practices.
Therefore, functional areas of solutions as encapsulated in financial, environmental, social and CO2 offset, is further broken down into forecast of initial investment per project leg, which consist of the following: equipment 49%, infrastructure 8%, planting 25%, vehicles 5%, land preparation 12%, and manpower 1%.
The impacts of the subsets above will help in enhancing the position of stakeholders in Cambodia in terms of improving their engagement and living standards.
Some of the key performance indicators to be expected here will include: increased demand for Teak wood resulting in financial sustainability, CO2 emission mitigation, increase in profitability and financial stability, and the restoration of the natural ecosystem (an expected outcome of COP26.
Addressing specific KPIs with regard to focused initiative in Cambodia, the following may be considered vital: increasing participation of Asian residents in Cardano Community and catalyst teams, increasing the number of stake pool and stake pool operators East Asia, and capturing feedbacks on the success or challenges of deploying Cardano solutions across East Asia.
Expected challenges in view of the project may include but not exhaustive due to possible dynamics in most developing countries: possible attacks from unfavorable legislations from government, driving adoption and awareness of Cardano by local community, creating customized ideas and projects for Cambodia, that is different from others, how to achieve connections and collaborations between the Cardano block-chain in the next six month.
In order to defray risks mentioned above, the catalyst team should be able to show through the Floresta Tree Note (NFTs), the capacity mitigate risks that may arise.