Enabling on-chain validation, monitoring, data analysis, and computer vision analysis of geo-referenced carbon projects.
Problem are solving Estimating how much carbon is stored by nature-based carbon projects is expensive, time-consuming, and relies heavily on centralized certification standards and third-party validation entities. Additionally, due to the high costs and resources required, project validation happens on a per-project basis, and very few projects can assess the scale of their impact on a larger eco-region and how other externalities like weather, global economic trends, and commodity prices affect the future of carbon projects. Carbon tokens on-chain are a great innovation. Along with other solutions like the carbon pools and the open registries, create a new exciting design space for financial products and applications that could bring more transparency, traceability, and adoption to Carbon Markets. However, Carbon tokens are derived from traditional Carbon Credit certification and validation processes, therefore subject to its challenges.
Hypertally lets any stakeholder in a nature-based carbon project report the ecological state of a geo-referenced site. hypertally harnesses Project Bacalhau to run computing analysis with satellite and sensor data, and estimate the ecological state and potential impact of forest projects. hypertally aims to help communities, individuals, and institutions fund, launch, and monitor high-quality forest projects. Additionally, hypertally supports existing CO2 tokens from Toucan Protocol, with our solution we could enrich the metadata of CO2 tokens with coordinates and continuous status updates. With hypertally, centralized certification entities could reduce the cost of project validation. Project Developers could assess the impact of their project and estimate how much carbon their projects will capture. Investors could study the health of a project and make informed investment decisions. Researchers can have access to an incentivized environment that aggregates different data streams related to carbon projects so they can add value to communities and project developers in need of deeper analysis and insights. Finally, Local stakeholders could participate in a network of land stewards supporting the monitoring of the ecological state of nearby projects.