Rebalance Earth aims to the preservation of biodiversity and keystone species whose way of life and interaction with the forest have a significant impact on capturing carbon and recovering ecological robustness. The challenge is way bigger than the one technology solution.
Approaching the need for a unified solution to help Rebalance Earth’s conservation capabilities, we dedicated our best minds to finding the best approach to develop the tokenisation platform satisfying the needs of Rebalance Earth and endangered animals and communities without compromising any of them.
The Concept
Rebalance Earth aims to create a circular economy in which elephants’ or other keystone species carbon capture and sequestration capabilities can be offered by tokenisation to businesses looking to reduce their carbon impact.
Challenging us to support animal populations and discussing tokenisation into the platform, blockchain was the natural way to go. We used the enterprise blockchain protocol Corda to develop an ecosystem environmental MVP platform for Rebalance Earth by which companies enter the offsetting market.
The platform is split into Eco and Currency tokens - Eco tokens are sold to companies and businesses. Currency tokens are given to rangers and other members of local communities in order to foster new employment opportunities, increase salaries, and maintain and build infrastructure that ensures the elephants’ safety. This provides an incentive for everyone responsible to continue caring for the ecosystem and the species’ health.
This is all possible because of the tokenisation of carbon captures and the use of smart contracts. Each elephant or other animal kind is tracked, and its contribution to biodiversity is estimated using a mix of IoT sensors and AI (both are outside of the scope of the MVP project delivered by INDUSTRIA).
Eco Tokens
When Rebalance Earth observes that an elephant is in good health, INDUSTRIA’s platform makes a token. Each token costs a transparently calculated amount for any corporation that wishes to enter the ESG investment market and acquire tokens through the platform.
Currency Tokens
Elephant-recorded sightings by Rebalance Earth also produce Currency Tokens used by the platform to pay rangers and others responsible for the elephants’ health and safety. Currency Tokens are also given to members of local communities, including paying for education and social support.
During the development process of the Rebalance Earth MVP platform, our team used the latest versions and trends in enterprise blockchain development. We developed the MVP using R3’s Corda protocol and then continued the execution of the project with Django, which, combined with our developers’ expertise, delivered outstanding results.
Together with Rebalance Earth, we are working on transforming carbon emissions into credit for the business whilst improving local communities and saving keystone species.
As a result, the MVP ecological platform ensures that:
As the next steps, INDUSTRIA and Rebalance Earth are planning to scale up and include a lot more keystone species than elephants, such as orangutans and whales. This offers the possibility of a significantly more diversified portfolio that can now include environmental stock.
