$1,023.23 crowdfunded from 9 people
$686.77 received from matching pools
Oxygen-chain Oxygenchain aims to incentivize companies to comply with their environmental obligations by providing transparency and accountability in the management of waste treatment systems
The Uncomfortable truth
Most of the worldβs liquid waste is dumped into our rivers, lakes and oceans untreated. Inefficient systems, lack of resources, and centralized environmental agencies all contribute to falling short of a solution people deserve.
Two main reasons for the failure of current initiatives are; lack of transparency and misaligned incentives. Because data is opaque, it is: difficult to validate, hard to enforce results, and creates a lack of accountability.
Proposed Solution
Using real-time data collected through multi-parameter IoT sensors, flow rate meters and more we can create an immutable record of history, while calculating differences from incoming and outgoing readings to generate rewards. Oxygenchain is ready to power new economies with tangible results providing accountability, transparency and emphasizing efficiency to the public.
The rewards system incentivizes companies to comply with environmental regulations. By proving that their activities are not contaminating the planet, they will receive a reward, which will encourage them to continue to operate in an environmentally friendly manner.
How It Works
The rewards system incentivizes companies to comply with environmental regulations and provides a clear way for them to demonstrate their commitment to sustainability.
Oxygenchain aims to create a platform that encourages environmental responsibility and helps mitigate the impact of pollution on our planet.
[System overview] ππππBoots on the ground Oxygen Chain proof-of-concept ππππGeneral introduction video Oxygen Chain
The Team
oxygenchain History
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accepted into Climate Solutions 1 year ago. 9 people contributed $1,023 to the project, and $687 of match funding was provided.