We’re a one-stop high integrity carbon data platform for companies, project developers and investors, leveraging 7-year blockchain supply chain traceability leadership and global clients

[GENERAL] Name and Surname of Main Applicant

Clément Gourrierec

[GENERAL] Email address of Main Applicant

cgourrierec@crystalchain.io

Additional Applicants

eval@crystalchain.io

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

10

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

No

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.” in this field.

No dependencies

[GENERAL] Will your project outputs be fully Open Source?

No

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.” in this field.

The smart-contracts are open source but the overall technical platform will not (front-end, data structure)

[METADATA] Category of Proposal

Exchange

[METADATA] SDG rating

GOAL 11: Sustainable Cities and Communities

GOAL 13: Climate Action

GOAL 17: Partnerships to achieve the Goal

The SDGs identified and their associated targets will guide project development and its assessment. We'll report on progress as part of our ongoing project management and review processes.

[IMPACT] Please describe your proposed solution.

We are on a mission to mitigate inefficiencies in the carbon credit industry by leveraging the power of blockchain technology. Our goal is to bring greater transparency and trust to the carbon credit markets while promoting regenerative finance practices that benefit both the environment and the global economy.

Blockchain is an enabling technology which provides transparency and traceability benefits. Data integrity and traceability adds value to carbon credits and that’s our area of expertise! 

In a nutshell, our technology offers a simple, secure, and trustworthy tool for businesses and individuals to understand and offset their carbon footprint while also promoting a more sustainable future for the planet.

CrystalTrade will develop two relevant functionalities to the Cardano Ecosystem:

1. Project traceability: Aggregating data from multiple sources
2. Marketplace: Offering fully traceable projects for presale or sale of carbon credits

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

Developers need tools and software to build and scale applications and integrations on the Cardano blockchain. 

Our technology platform addresses the development and infrastructure challenge by leveraging our team's expertise and track record in blockchain traceability, software development, and marketing to contribute to the growth and enhancement of the Cardano ecosystem.

We use NFT technology to link data to a specific project and offer carbon credits traceability. We also leverage IPFS technology to store a high volume of data in a safe, secure, and decentralised way. We are building on the Celo blockchain but aim to become multichain and build on value-aligned L1s. 

Here are the key benefits our project will bring to Cardano:

• 
  
• Refi and regeneration focused: We are fully aligned with Cardano’s Mission statement: “a platform built for a sustainable future, to help people work better together, trust one another, and build global solutions to global problems”. 
• Creating synergies with the Cardano Ecosystem: We are always on the lookout for synergistic partnerships. We are already in talks with many Refi projects building on various chains. We would love to inspire and empower the Cardano community to build with us to decarbonise the planet.
• Community Growth: Our project, through its deliverables, aims to attract more environment conscious organisations to the Cardano ecosystem

We believe in collaboration, with our partners, stakeholders and within the Cardano ecosystem. We are excited to build on Cardano and gain exposure to its community.

[IMPACT] How do you intend to measure the success of your project?

We aim to increase the scalability of Cardano through the introduction of climate based solutions like CrystalTrade and to improve the overall quality of the software being delivered across the ecosystem.

The success of our project will be assessed through a mix of quantitative and qualitative KPIs.

Quantitative KPIs:

• - Number of projects onboarded
• - Number of companies using the platform to buy carbon credits
• - Carbon credits sold
• - Overall volume of carbon avoided or removed from the atmosphere
• 
  

Qualitative KPIs:

• - User Feedback: we will collect and analyse feedback from our stakeholders (project developers, corporate buyers, investors etc)
• - Community Engagement: we will assess community engagement and feedback via social media channels, discussion forums, and online/offline events

Regarding the project's impact on Cardano’s productivity and growth, our platform aims to deliver tangible, functional solutions that address climate change challenges while fostering innovation within the ecosystem. 

By providing credible and high-quality solutions and bringing our non Web3 clientbase, we encourage more organisations to use and build on the Cardano blockchain ultimately contributing to the network's growth and to the value of ADA.

[IMPACT] Please describe your plans to share the outputs and results of your project?

We currently have a functional beta platform which can aggregate data onchain for all beta users to experiment and provide feedback. 

Our plans for sharing the outputs and results of the CrystalTrade platform are as follows:

• Regular progress reports on developments, challenges and milestones to our community through our website, blog and social media
• Community engagement through official Cardano channels, including the forum and social media platform
• Demo sessions, webinars and social media awareness raising to educate and receive feedback on our vision, as well as on the functionality and benefits of our platform
• Partnerships and collaborations within the ReFi and impact space
• Workshops, trade conferences and events to showcase our platform, share learnings and the final product, and engage with new stakeholders

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

CrystalTradeis a new traceability platform powered by Crystalchain which builds on the company’s expertise and successful track record since 2016 as well as on its portfolio of leading global multinationals in the luxury, agrifood and circular economy industries.

 

We provide the technology solution that brings enhanced transparency and integrity to carbon credits generated via sustainability projects based on globally recognised methodologies (e.g. Verra, GoldStandard).

The potential for offsetting carbon emissions is enormous and we are developing the IT structure to track & trace eco-credits and make it easy for corporations and investors. Our luxury brand customer is keen to make climate-conscious investments and add impact-driven projects upstream of its value chain. Likewise, we are working with agroo-food leader, Invivo Group, to tokenise low-carbon farming land to generate carbon credits. 

Overall, we have around 30 partners that are integrating the platform in the beta testing phase. In addition, the list of potential corporate buyers we are in discussions with is extensive.

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

We plan to develop a platform which is fully interoperable with other ecosystem partners ranging from registries to carbon ratings and MRV solutions. Based on the aggregated data, we plan to build a marketplace enabling buyers to easily buy carbon credits backed by a wealth of relevant data.

We will develop the software to standardise information on specific carbon projects first. We will then set up an OTC marketplace that will evolve into a SPOT market. Our initial focus is on carbon reduction credits, particularly on those derived from biochar.

Our technical outputs will help increase the scalability of Cardano through the introduction of standardised data and methodologies which can be replicated, enhanced and built upon within the Cardano ecosystem.

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

We are developing a detailed product roadmap at the moment.

Milestone 1 - Month 1:

• 
  
• Deployment of our technology solution on Cardano blockchain
• 
  

Milestone 2 - Month 2:

Interoperability with other solutions from the Cardano ecosystem

• 
  

Milestone 3 - Month 3:

Backlog of the DEX back by data

Work on the relevant guidelines/regulations around trust to keep carbon credits in    registries

Milestone 4 - Month 4:

Deployment of the DEX for a pool and SPOT

• Frontend Design
• 
  

Milestone 5 - Month 5:

Testing and ramp-up of the solution

Milestone 6 - Month 6:

Deployment of new pools

• 
  

Milestone 7 - Month 7&8:

Ramp-up of additional projects and traders

Milestone 8 - Month 9-10:

• Launch on the mainNet

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

We have 2 overall main deliverables : 

• Onchain data aggregation platform around carbon projects
• Trading platform to buy & sell data-enhanced carbon credits 

Milestone 1 - Month 1:

• 
  
• Deployment of our technology solution on Cardano blockchain
• -> Technical Plan
• 
  

Milestone 2 - Month 2:

Interoperability with other solutions from the Cardano ecosystem

• -> Interoperability Plan

Milestone 3 - Month 3:

Backlog of the DEX back by data

Work on the regulation around trust to keep carbon credits in registries

-> Strategic plan

Milestone 4 - Month 4:

Deployment of the DEX for a pool and SPOT

• Frontend Design
• -> Mockup and working first version
• 
  

Milestone 5 - Month 5:

Testing and ramp-up of the solution

-> Working MVP

Milestone 6 - Month 6:

Deployment of new pools

-> Additional pools deployed

• 
  

Milestone 7 - Month 7&8:

Ramp-up of more projects and more traders

-> More projects onchain

Milestone 8 - Month 9-10:

• Launch on the mainNet

-> Launch Event and PR

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

The grant will be mainly used to support the development of a robust technical platform. Some budget has been earmarked for awareness raising and ecosystem engagement.

Platform development : 70k Euro

50K: Outsourced product design, trading

    10K: IT tools (databases, dev op…) 

Marketing budget : 10k Euro

Events, networking

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

Our goal is to create real value within the Cardano ecosystem by building a successful climate-focused commercial application on Cardano. We aim to showcase the potential of Cardano to become a ReFi friendly ecosystem for projects that seek to monetise their efforts but also contribute to the overall climate-conscious mission of the Cardano ecosystem. By combining the evolving blockchain technology of Cardano with solutions and models to address climate change like CrystalTrade we reinforce Cardano’s sustainability ethos and empower the Cardano community for climate action.

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept