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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