GreenBlock

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  An iceberg twice the size of Paris broke away on 27 September from Antarctic

Inspiration

Multiple recent events makes the problem of global warming an absolute must for everyone to solve and be empowered, connected and participate to do so. Governments around the world does provide mechanism to offset environmental harm by means of carbon credits. This is essentially a supply chain and dysfunctional marketplace problem. Blockchain brings together different entities including governments, corporations, regulations, people on one single platform. Creating next layer of automation through IoT and incentives through blockchain based rules and smart contracts enables solutions for this problem.

What it does

It's a multifaceted project and rather ambitious in scope and impact. It allows various participants to be awarded or restricted in context of environment friendly behaviour. Core functions are

1. A government body through public discourse, social media and if possible through direct democracy decides upon a baseline environment harm the country is willing to tolerate in a year. They procure and issue said number of carbon credits to participating business areas in the begining

2. Using IoT, sales and manufacturing data, environment impact is monitored by multiple entities (corporations, people, cars). Using machine learning a periodic baseline is calculated. Entities above the baseline receive less credits and entities below are awarded more

3. All entities can buy sell credits in between them without knowing any other information about them

4. Regulator issues endorsement based on compliance

5. Entities can buy insurance to offset costs. Insurance companies can check endorsement scores on the blockchain and adjust premiums

How we built it

Hyperledger and Sawtooth are perfect solutions for this project. We are at fairly early stage and used Hyperledger Composer, REST APIs and HTML/JS frontend for our prototyping

Challenges we ran into

Hyperledger is new to us. We are still learning and solving those issues. We are still not clear on the scope and limitations

Accomplishments that we're proud of

To be able to discuss this problem and identify various actors, their roles and responsibilities. To learn that we can solve this problem through existing technologies and build corresponding, presentation and early prototype for the same.

What we learned

Power of hyperledger and related technologies to solve and envision an entire new set of problems

What's next for GreenBlock

We are seeking funding, endorsement and guidance to continue developing this further and make it something better.

Built With

• hyperledger
• javascript
• node.js
• rest