Tokenized carbon offsets from reforestation projects are becoming an increasingly sought-after commodity. However, there’s an ever-present risk to both reforestation projects and carbon credit holders that the forest could burn down and their certified carbon offsets are reversed. Due to this risk, carbon credit certification agencies usually require carbon credit projects to have ~10% excess carbon offsets readily available to replace such losses. However, there is more that can be done to help mitigate this risk. Providing insurance against wildfires, floods and storms could enable reforestation projects to replant the lost trees and replace reversed carbon offsets, thus helping to unlock idling assets and create a more capital-efficient carbon credit ecosystem.
Learn how Etherisc is integrating Chainlink on Polygon to help power the world’s first on-chain decentralized insurance protocol to create natural disaster insurance smart contracts.
Come hungry; food and drinks will be provided. Attending this event will earn you custom Chainlink swag you won’t find anywhere else!
This meetup will be a great place to network with like-minded individuals! Hang out with members of the Chainlink community and the Chainlink Labs team, all while adding to your repertoire of crypto knowledge! Join us for insightful discussions on decentralization, hybrid smart contracts, oracles, upcoming events, and more!
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offers global enterprises and leading data providers a universal gateway to all blockchains. Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link