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WorldBoat

A Decentralized Contribution Climate Change Protocol to fund Projects directly

WorldBoat

Created At

ETHGlobal Istanbul

Winner of

Arbitrum - Pool Prize

Prize Pool

Project Description

WorldBoat: A Decentralized Approach to Climate Action

Overview: WorldBoat is a novel blockchain-based approach designed to revolutionize the landscape of CO2 offsetting and climate action. At its core, WorldBoat tackles the prevalent issues in the current CO2 certificate ecosystem, where actual offsetting is often overshadowed by indirect incentives for companies to adopt greener practices. This has led to a lack of transparency and choice for contributors who wish to directly impact climate change mitigation efforts.

Key Features:

Decentralized Project Selection: Contributors have the autonomy to choose specific regions and categories of projects they wish to fund. This choice extends to supporting a general fund or backing individual projects, providing unprecedented control over their contributions.

Transparency and Accountability: The use of blockchain technology ensures that every transaction and project update is transparently recorded. This allows contributors to track the impact of their contributions and ensures accountability from project owners.

Efficient and Targeted Impact: By enabling direct funding to local and highly effective projects, such as those preventing deforestation, WorldBoat ensures that contributions have a tangible and significant impact on climate change mitigation.

Community-Driven Approach: The platform fosters a community of environmentally conscious individuals and organizations, united in their goal to combat climate change through direct action.

Conclusion: WorldBoat represents a more personally involved donation system in how we approach climate change mitigation. By leveraging blockchain technology, it offers a more transparent, accountable, and direct method of supporting climate action projects. This innovative platform not only empowers individuals to make a real difference in the fight against climate change but also paves the way for a more sustainable and environmentally conscious future.

How it's Made

The Smart Contract Framework:

The WorldBoat project is underpinned by a robust set of smart contracts on the Ethereum blockchain, primarily consisting of the WorldBoatClimateActions and WorldBoatProtocol contracts. These contracts serve as the backbone of the project, managing the creation, tracking, and fulfillment of climate action projects.

WorldBoatClimateActions Contract: This contract handles the minting of unique ERC721 tokens representing climate actions. Each token contains detailed stats about a specific climate action project, such as the planned CO2 offset, actual CO2 offset, funding details, and project metadata.

WorldBoatProtocol Contract: This contract facilitates the creation and management of CO2 offset projects. It allows project owners to register new projects, update project status, and maintain a registry of trusted projects. The contract ensures that each project's objectives align with its stated goals and that contributors' funds are used effectively.

ERC721 Tokenization: Each contribution is tokenized as an ERC721 token, providing contributors with a unique digital asset that represents their support for climate action. These tokens can potentially be traded, offering a new dimension to supporting climate projects.

Next.js and Subgraph stack for the Frontend: Easy Onboarding & Mobile Support right out of the box, and with easy addition to on-ramp web2 users.

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