How does the Arbon network verify that carbon credit producers are trustworthy? Rather than relying on local agents, we are building an incentivized oracle network to analyze satellite images. Each parcel NFT receives a consensus-approved rating. Don't trust, verify. #Grizzlython
We're beyond excited to announce that Arbon won third place in the #Grizzlython DeFi track! Our prize money will go towards building Arbon out on mainnet. Reach out if you you want to join us! We need builders of all shapes and sizes.
20/ π Third prize in the DeFi track goes to @Arbon_project, a project to improve global carbon market with a computer vision-assisted oracle network providing trustless measurement, reporting, and verification (MRV). https://t.co/RJN3ISsGLt
π Did you know? #REDD+ carbon offsets play a vital role in protecting our planet's lungs, conserving biodiversity, and driving sustainable development. Let's breathe new life into the #CarbonMarket! #ClimateAction#ForestsMatter
The price of emission allowances in the EU recently broke through 100β¬/ton. Offsetting demand is growing but this global market needs to be more accessible. Arbon is bridging the demand to those people who are actually bettering our planet. Middlemen out. Locals in. #grizzlython
Here's a sneak peek of Arbon's current foliage detection. Our oracle network will be constructed to encourage continuous improvement. Oracles will compete for submitting more accurate carbon sequestration rates, incorporating type/density of foliage and soil carbon. #Grizzlython
How does the Arbon network verify that carbon credit producers are trustworthy? Rather than relying on local agents, we are building an incentivized oracle network to analyze satellite images. Each parcel NFT receives a consensus-approved rating. Don't trust, verify. #Grizzlython