Scaling Financing Models for Conservation Efforts with Blockchain Technology

As the CEO of Trusticate, I'm excited to share some insights about how sustainability-related efforts can be valued and integrated into business models. While many companies see sustainability as a cost, it can actually be a valuable addition to a business's financial model. This is accomplished through a range of credits, sustainability development units, offsets, derivatives, attributes, tokens, property rights, allowances, and/or reductions that are quantifiable according to the Paris Agreement and other sustainability frameworks.

One example of a sustainable finance mechanism is biodiversity units, which measure the impact on biodiversity from development projects or the improvement of biodiversity conditions resulting from preservation. These units can be bought and sold by anyone subject to regulations, and are typically purchased by companies seeking to offset their negative impact, governments supporting conservation efforts, or philanthropic organizations. The proceeds from the sale of credits are often used to manage the conservation site, with the rest paid directly to the landowner.

At Trusticate, we offer a cloud-based registry that uses open and permissionless blockchain technology to help developers of sustainability projects increase trust, transparency, and traceability in their efforts. Our registry is fully customizable and can be white-labeled for small and large project developers. The registry includes the minting of unique tokens on the blockchain that represent sustainability units based on UN SDGs, such as biodiversity preservation and carbon sequestration. The tokens are embedded with attributes such as project description, number of units, unit price, verification by external validators, and even data captured by sensors.

Blockchain technology is especially important in managing biodiversity data, verifying and scaling funding mechanisms, and creating inclusive financial models. By creating a secure way of tracking species and their surrounding habitats and providing an immutable and traceable record of events like carbon sequestration or conservation, blockchain can address the lack of accurate and accessible information. Furthermore, blockchain can automate measurement, verification, and reporting, allowing for trusted products and assets meant to fund conservation.

However, it's important to recognize that technologies like blockchain are only part of the solution to the challenges we face in combating biodiversity loss and promoting sustainability. An unprecedented shift towards an economy that values nature's life-giving properties is also necessary.

At Trusticate, we're proud to be a part of the solution by providing innovative and effective tools for sustainability project developers.