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MilEyes

Project aims is to elaborate a Decentralized token curated registries (TCR) database by users for users about sustainability information of worldwide products and services to bring real change through responsible consumerism.

MilEyes

Created At

ETHGlobal Tokyo

Project Description

Overall: By utilizing the TCR method for product and service information, we aim to create an unprecedented database that is decentralized, independent from companies information, highly transparent, and systematically eliminates arbitrariness and ensures legitimacy.

Problem: The problem it solves is that consumers do not know what is truly sustainable when they purchase goods and services.

Solution and Technologies: By providing a personal sustainability management application on which the database is decentralized and transparent by using token curated registries. Any users can check on how sustainability is measured.

What's next for By creating this database and providing consumers with information on their consumption through their household accounts, we aim to provide consumers with a social value standard other than the monetary value standard of products and services.

How it's Made

Tell us about how you built this project; the nitty-gritty details. Our project aims to solve the problem that consumers do not know which product is sustainable. To solve that problem, we wanted to elaborate a decentralized sustainable data and metrics system that is to be linked to consumer housekeeping applications. We unfortunately did not have the time to create the metrics which require expertise skills but a basic idea of how the database will be accumulated.. We adopted the token curated registries (TCR) approach to make the sustainability database decentralized, transparent and neutral as possible. The registries work as below steps: User A enters information about a product X, while depositing some token on it Another User B enters a different information about product X also depositing money, that is in part conflicted with User A. An User can only vote consecutively to his/her idea by paying a deposit that increase exponentially So that is why it is better to convince and put on your side other people in order to push your information to be adopted by the database The deposit will be returned to the winner based on the contribution to the database stored in a decentralized manner. We, again, did not have the time to discuss concrete token economics to effectively incentivize consumers, but the revenue model from which the money flow is clear. Based on the Customer Data Platform business model we will aggregate real-life consumption and preferences of consumers to be provided to companies. The data will help them to have a better marketing and persona of their users and add value to their product, especially in a time where sustainability is as important as never before. Again, it is important that users are sovereign of their data and they can choose either to get money by providing data or not.

What technologies did you use? How are they pieced together? Since our project is related to ReFi, we have used only Celo’s technologies to implement our idea. As its website mentions: “Celo is the carbon-negative, mobile-first, EVM-compatible blockchain ecosystem leading a thriving new digital economy for all.” Our idea contributes to the ReFi domain from a consumer perspective and therefore having a carbon-negative chain is utmost important in terms of accountability towards our idea. Moreover, our product is an application that is conceived to be on mobile-phone fitting exactly with the principle of Celo’s mobile-first. Lastly, throughout consumption we aim to create a new digital economy and bring a new form of capitalism that is sustainable, responsible and accountable from far-located refugee children to people representing our far future on whom we are going to leave our Earth.

If you used any sponsor technologies, how did it benefit your project? Celo is the most refi-centric blockchain present in this ETHGlobal Tokyo hackathon. By using Celo, we make a clear interpretation of our project to align with ReFi values as so far proposed such as Toucan, Kolektivo, etc… Furthermore, we are seeking Celo’s incubation, hackathon and support eco-system that could fit with our product to make it scale. As already mentioned in the technologies used this time, Celo was the protocol that fit the most to our TCR idea in terms of scalability and light mobile application link.

Did you do anything particularly hacky that's notable and worth mentioning? We have tried to create a system where involved consumers do not necessarily need to have an understanding of Web3 and related concepts. The minimal action required by the user is to create a wallet and to connect it with the offered APIs. By doing so, the user can have access to on-chain data where real-time sustainability assessment is updated through the TCR. We believe it could help to ease the entry cost of non-crypto native peoples and could contribute to the mass adoption of blockchain technologies, or at least its first step: creating a wallet.

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