Unveiling Transparency in on-chain Carbon Markets with PositiveBlockchain & ECOTA's Web3 Dashboard

TL;DR

PositiveBlockchain & ECOTA are developing the first dashboard to display on-chain activities of main global digital assets in environmental markets, focusing on tokenized carbon credits. This tool aims to increase transparency, facilitate market oversight, and drive innovation in the environmental sector. Since our last funding round, we've created an open-data directory with over 190 startups, and are now expanding our efforts to include a comprehensive dashboard for real-time data insights.'

PositiveBlockchain and ECOTA have pioneered the Web3 Carbon Database, an expansive open-data platform that curates key information from startups and projects leveraging blockchain for environmental assets.

Our next step, supported by this grant, is to launch a dynamic dashboard that not only lists projects but also tracks and displays the on-chain activities of pivotal carbon tokens.

Project Updates

Since its launch in 2023, the Web3 Carbon Database has become an essential resource, cataloging over 190 startups and initiatives using blockchain to enhance the transparency and efficiency of carbon markets. This table has been pivotal in standardizing data and facilitating easy access to critical information for stakeholders in the environmental asset space: startups, investors and buyers in the carbon space, journalists, universities and researchers, ReFi talents.

1. Introduction

With the growing importance of transparent and reliable data in environmental markets, ECOTA and PositiveBlockchain aim to propose a comprehensive dashboard that provide relevant information for on-chain activities of major carbon credits tokens.

2. Purpose of the Project

The PB & ECOTA Web3 Carbon Dashboard will serve as a dynamic tool for:

• Monitoring real-time transactions of carbon tokens. Providing insights into token standards and methodologies used.
• Offering a global overview of the carbon credit lifecycle, from issuance to retirement.
• Enhancing decision-making processes for both traditional financiers and Web3 participants.

This dashboard aims to set new standards for data accessibility and reliability, fostering innovation and strategic investments in the climate finance sector.

3. Use of Funds Detailed Breakdown

A. Maintain Web3 Carbon Database

Database Updates and Expansion: We will regularly update and expand our directory to keep pace with the growing ecosystem of blockchain-based environmental assets. This includes adding new startups and projects, detailing their roles along the value chain of carbon tokenization, and updating information on blockchain platforms and GHG project methodologies such as VCS, CDM, ISO, and emerging standards.

Data Categorization and Accessibility: Core data points will be organized and made accessible in a directory page that features a searchable and filterable Airtable format. This will allow users to download data in CSV format, ensuring open access to valuable information that can inform decision-making and innovation in the sector.

Regional and Technological Tracking: Continuously track and document regional activities, project and token registrations, and the use of various blockchain technologies across different countries to provide a global perspective on the development of the carbon token market.

Social Media and GitHub Repository Updates: Maintain active engagement and update channels to reflect current project statuses and developments, ensuring our community and stakeholders are well-informed.

B. Best-in-Class Web3 Carbon Tokens Identification of Leading Projects: Identify and showcase the most advanced projects within our database, particularly those that focus on the issuance and transactions of tokenized carbon credits. We will set criteria for inclusion such as the launch status of tokens, their primary object of tokenization, and their volume of activity.

Criteria for Evaluation: Develop specific inclusion thresholds and criteria to select projects that best represent the potential and success of blockchain in enhancing carbon credit markets. This includes analyzing projects like Toucan, MOSS, Flowcarbon, Nori, Coorest, Regen, C3, Dovu, Open Forest Protocol, Single Earth, Gain Forest, and others noted for their impactful contributions.

Highlighting Key Projects: Provide detailed insights into selected projects through our communications, showcasing their roles, achievements, and contributions to the carbon market space.

C. On-chain Web3 Carbon Token Dashboard

Dashboard Development: Develop and launch a comprehensive dashboard that presents real-time, on-chain activity of the most impactful Web3 Carbon Tokens identified in our database review. This tool will serve as a central point for accessing up-to-date information on token issuance, trading volumes, pricing data, and retirement activities.

Integration and Data Sourcing: Integrate the dashboard with various data sources and blockchain explorers like Etherscan, CoinMarketCap, and others to pull live data based on smart contract addresses and other relevant metrics.

User Interface and Accessibility: Design a user-friendly interface that allows easy navigation and interaction with the data, catering to both experienced stakeholders and newcomers in the blockchain and environmental sectors.

Resource Allocation

Technical Development: Allocate funds towards the technical development and continuous enhancement of the database and dashboard, including software development, analytics, data integration.

Team Expansion: engaging resources for data analysis and blockchain development to support the project's expansion and ensure timely updates and maintenance. Community Engagement and Education: Fund initiatives aimed at educating the community about the importance and usage of the dashboard and database, including workshops, webinars, and collaborative projects with educational institutions.

This structured use of funds will ensure that the project not only maintains its current momentum but also expands its impact and usability, directly contributing to the transparency and efficiency of the environmental markets through innovative blockchain solutions.

4. Project Update

Our initial funding facilitated the preliminary development of the database and established partnerships with key industry players. We have overcome challenges such as integrating diverse data sources and ensuring user-friendly access to complex information. Current efforts are focused on enhancing data analytics features and expanding our user base.

5. Project Team

Our team consists of experts in blockchain technology, environmental economics, and data science, including founders from ECOTA and PositiveBlockchain who got deeply exposed to the aspects of tokenization in the carbon markets.

Lucas Zaehringer https://www.linkedin.com/in/lucas-zaehringer-65725145/

• Lead Europe & Product Manager at Verity Tracking, blockchain-based dMRV platform in 2021-2024
• Head of Climate at Blocksize, German blockchain software company for financial and environmental markets
• Co-Lead ECOTA working group on Web3 Carbon Database
• Advisor of BioCarbon Standard

Abdullah Yildiz https://www.linkedin.com/in/abdullah-melik-yildiz-002b50175

• Managing Director at ECOTA, European Carbon Offset Tokenization Association
• Managing Director at A.M.Y Consulting, advising german banks in digital assets software solutions
• Co-Founder of ReFi talents

Maximilian Rösgen https://www.linkedin.com/in/maximilian-roesgen/ Co-Lead ECOTA working group on Web3 Carbon Database

• Managing Director at ECOTA, European Carbon Offset Tokenization Association
• Co-Founder of the ReFi Talents program

The team is also counting on various expert members and working group contributors at ECOTA, coming from diverse startups and organizations in the Web3 Carbon space.

6. More Details

The PostiveBlockchain & ECOTA Web3 Carbon Dashboard not only tracks transactions but also provides insights into project registrations, credit issuance, and retirement activities, offering a comprehensive view of the carbon market ecosystem. The project builds upon a foundation of rigorous research and community-driven insights, emphasizing the need for transparency in environmental markets plagued by data fragmentation and opacity.

7. Engagement Opportunities

Join us in our mission!

ECOTA: https://home.ecota.io/

PositiveBlockchain https://positiveblockchain.io/

Telegram https://t.me/positiveblockhain