Oxychain
https://oxychain.earth1-sentence pitch: Carbon-removal software infrastructure for neutralization and decarbonization of blockchain ecosystems.Problem: Daily operations have today a digital representation. Every digital transaction inherits or produces carbon footprint. Blockchain adds up to this issue i.e. tx made in Visa network = impact of 0.00033kg/tx, tx made in bitcoin = impact of 60kg/tx. There’s no solution to tackling this market with efficiency and transparency.Solution: Oxychain is creating an on-chain solution to create interoperability between the carbon markets and the digital world with software infrastructure for on-chain compensation. Any platform can connect to Oxychain’s ecosystem via blockchain or API to compensate for their emissions.Business model: Revenues will develop in line with a conservative platform adoption model. The monetization strategy relies on fees for the usage of infrastructure -- starting at 5% per transaction.
- Country of residence of the project leader
- Argentina
- What sustainable development goal does your project contribute to?
- Goal 13: Climate action. Take urgent action to combat climate change and its effects,Goal 15: Life on land. Promote the sustainable use of terrestrial ecosystems and combat desertification and halt and reverse land degradation and halt the loss of biological diversity
- Where does your project function?
- Argentina,Brasil,Uruguay
- Indicate which of the following challenges your project aims to solve
- CHALLENGE # 1: Increase Green financing Can DeFi leverage financial resources to increase forest
- What is the problem you want to solve?
- Problem: Daily operations have today a digital representation. Every digital transaction inherits or produces carbon footprint. Blockchain adds up to this issue i.e. tx made in Visa network = impact of 0.00033kg/tx, tx made in bitcoin = impact of 60kg/tx. There’s no solution to tackling this market with efficiency and transparency.
- What is the solution thought with you solve the identified problem?
- Oxychain is creating an on-chain solution to create interoperability between the carbon markets and the digital world with software infrastructure for on-chain compensation. Any platform can connect to Oxychain’s ecosystem via blockchain or API to compensate for their emissions.
- Tell us in a summarized way what is the impact that your project seeks to generate, mention some quantitative and qualitative indicators with which intend to measure
- The project and our team will help blockchain networks to neutralize 100% of their measurable emissions.
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