GreenCredUs

The only currency that can save the environment.

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Inspiration

Nowadays our life is surrounded by products made of carbon. From the food eat to transport in each activity and hence this is increasingly shaped by ecological considerations, leading to carbon emission in the environment at an uncontrollable rate. We realized this is high time we need to limit carbon emission and create a transparent system for that.

What it does

Our solution was aimed to reduce carbon emission, by integrating blockchain technology to achieve a transparent and secure system for carbon credits transaction. We also provide easy one-tap QR transaction and a lot more features.

  • Users are provided with limited credits every month regulated by the top authority of the nation. Users will have to efficiently use those credits to buy carbon-emitting products. Once they exhaust all the credits given they won't be able to transact in other products, Hence LIMITING their carbon emission and usage. For a basic flow:
  • User goes to buy 1L of Petrol.
  • He pays the shopkeeper in cash.
  • The user scans the QR code and fills in the details directly about the product.
  • The shopkeeper confirms and carbon credits gets deducted from their account.

How we built it

We used the following tools to build this project:

Tech Stack

  • React - Used to make our website and our Progressive App.
  • Tezos - Deployed Smart Contract on Tezos Network.
  • Figma - Made designs and mood board.
  • Smart py - Developed smart contracts for the transactions to take place.
  • GoDaddy - Domain Provider.
  • Firebase - For two factor OTP authentication and Recaptcha.

Challenges we ran into

We ran into multiple challenges during the hack. We ideated on many different ideas ranging from AI to developer-centric to Blockchain but could not get a viable idea that could be made in 40hrs. When we finally got our idea it was too far-fetched to be implemented in the real world, so we had to come up with a scaled-down version of something that works on a nationwide level, that is carbon credits.

Since the buzz about cryptocurrency in 2021, we thought of making one of our own. So the challenge was:

  1. Applying the theory being used to the actual functioning of a cryptocurrency and a decentralized application.
  2. Writing smart contracts and deploying it on tezos testnet(delphinet).
  3. Developing a full-fledged credits management application seamlessly installable in one tap.

Accomplishments that we're proud of

  • Deploying a smart contract on the Tezos Testnet (Delphinet).
  • Developed a Progressive Web App which is installable in one tap.
  • Researched beautiful design implementations.
  • Created a currency that could potentially save the environment!

What we learned

  • Learnt the Blockchain Technology
  • Learnt how to build progressive web apps using React
  • Learnt the novelty of creating a credit management system
  • We also learnt to make blueprints for our ideas.

What's next for GreenCredUs

  • Take Support from Govt Institutions in order for mass deployment.
  • Improvise the progressive app
  • Implement a transfer system, and make it a new form of currency
  • Encourage recycling of products, to save the environment and gain greencreds.

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