BCB Protocol

< What is my company going to make > We are BCB Protocol. BCB Protocol is for cash-strapped farmers and companies hoping to achieve carbon neutrality, and it is also a solution to global warming and the food crisis.

At this point in time, in terms of planetary limits, the Co2 concentration has already exceeded the lower limit of 350ppm and has reached about 400ppm. It is also approaching the upper limit of 450 ppm, which could cause a destructive turnaround. There is also a serious problem of resource scarcity in relation to population growth. In terms of food shortages, one in nine of the current population of 7.9 billion people is already suffering from hunger. This problem will become even more serious as the population reaches 10.4 billion in 2080.

This is why we launched a project in which our contribution to the environment directly contributes to the farmers. BCB Protocol is a vertically integrated platform for measuring, certifying and trading carbon credits, using machine learning and blockchain.

< Describe my product and what it does or will do > However, there are two obstacles to this Carbon market. One is the process of measuring and certifying credits, which is a barrier to issuing credits, and the other is reliability, which is a barrier to purchasing credits.

It takes so much time and money to issue credits, from project validation to monitoring Co2 reductions. This makes it difficult to issue carbon credits and expand the carbon market, which is the biggest challenge in this market.Therefore we narrowed our project to farm carbon fixation and are developing our own measurement model using machine learning, allowing us to complete this process in just three steps. Also in this market, low public availability of information on carbon credits and their trading market in terms of market structure and data structure. This has discouraged many companies from purchasing carbon credits. So we will make the marketplace accessible to everyone without the application for use, and by leveraging the blockchain, everyone can see, anytime, anywhere, information about the quality of the credit, including project description, region, certifying body, Vintage, price, available volume, etc., as well as the credit transaction itself.

The front end is based on JavaScript, using React and a "material ui template". The contract was implemented in Solidity using Hardhat and deployed to Polygon.

Through this hackathon, we have once again strongly felt that our project is a bridge between Web2 and web3. I'm sure that web3 space has already reached the above mentioned stage.

We are convinced that blockchain will be applied to all industries, including those that no one could have predicted, regardless of the Internet domain.

And we will use blockchain to connect web3 space and agriculture, and beyond that, for distribution, consumption, local production for local consumption, and community building centered on rural areas away from the cities.

To connect web3, which has developed to some extent, with other areas in a dynamic and interactive way. This was my most impressive experience through the hackathon.