Last updated 7 months ago
Current forest carbon credit systems lack transparent, verifiable monitoring leading to double-counting, low accuracy, and reduced market confidence in conservation efforts.
We will extend our Satellite Oracle to create an ISO-compliant MRV system on Cardano, providing transparent forest carbon monitoring for conservation credits.
This is the total amount allocated to ISO-Compliant Forest MRV - Satellite Oracle Extension.
Please provide your proposal title
ISO-Compliant Forest MRV - Satellite Oracle Extension
Enter the amount of funding you are requesting in ADA
250000
Please specify how many months you expect your project to last
7
Please indicate if your proposal has been auto-translated
No
Original Language
en
What is the problem you want to solve?
Current forest carbon credit systems lack transparent, verifiable monitoring leading to double-counting, low accuracy, and reduced market confidence in conservation efforts.
Supporting links
Does your project have any dependencies on other organizations, technical or otherwise?
No
Describe any dependencies or write 'No dependencies'
No dependencies
Will your project's outputs be fully open source?
Yes
License and Additional Information
The Satellite Orcale part of the proposal will remain open source.
Please choose the most relevant theme and tag related to the outcomes of your proposal
RWA
Describe your established collaborations.
The project team includes members from the partner various companies
A formal MOU will be signed once the proposal is approved.
Many of the project members already collaborated on multiple projects in the past, some related to Cardano and some not blockchain related.
Describe funding commitments.
Traditional carbon MRV systems typically cost $500,000-$2,000,000 for similar scope and functionality with 12-18 month delivery timelines. This project will create an extension for the Satellite Oracle providing an addional usecase.
Describe your key performance metrics.
Quantitative Metrics:
Forest coverage: Number of forest hectares monitored on-chain
Carbon credits: Volume of carbon credits verified through the system
Adoption: Number of conservation organizations onboarded
Blockchain activity: Transaction volume and frequency on Cardano
Community impact: Increased revenue flows to indigenous and local community forest managers
Qualitative Impact Metrics:
Improved transparency and trust in carbon credit markets
Strengthened international recognition of Cardano for environmental applications
Please describe your proposed solution and how it addresses the problem
Our solution addresses the critical gap in forest carbon credit verification by building upon our proven EcoMandala environmental foundational model (Fund 12) and Satellite Oracle technology (Fund 13) to create a comprehensive Monitoring, Reporting, and Verification (MRV) system specifically designed for forest conservation projects.
**Market Opportunity; **Financial Context: The global voluntary carbon credit market is valued at approximately $1.4-2.1 billion in 2024, with forestry and land use representing nearly 49% of the market. The market is projected to reach $7-35 billion by 2030 and could grow to $45-250 billion by 2050, driven by increasing corporate net-zero commitments and regulatory frameworks. Forest conservation has the highest climate pollution-reduction potential of all land-based climate action, with nature-based solutions providing up to one-third of required climate mitigation to prevent runaway warming. However, current systems suffer from transparency issues, inconsistent measurement standards, and concerns about carbon accounting accuracy, which undermine market confidence and reduce investment in forest conservation efforts.
Business Opportunity; Revenue Model: The carbon credit verification market presents a substantial recurring revenue opportunity. Traditional MRV services charge $2-5 per verified carbon credit, with major forest conservation projects generating 50,000-500,000 credits annually. Our blockchain-based system can capture significant market share by offering superior transparency, reduced costs (targeting 40% cost reduction), and enhanced credibility. Beyond direct verification fees, the system creates multiple revenue streams: Environmental NFT transactions, API access licensing, premium analytics services, and consultation for carbon project development. The addressable market includes over 6,200 registered carbon projects globally, with forest projects representing the largest segment. Corporate demand is accelerating as over 2,700 companies have set science-based climate targets (65% increase from 2023), creating sustained demand for high-quality carbon credits.
Satellite Oracle Vision; Multi-Use Case Strategy: Our Satellite Oracle represents a transformative trust layer designed to serve hundreds of diverse use cases across environmental monitoring, agricultural optimization, disaster response, urban planning, and climate analytics. Having proven its capabilities in agricultural applications (Fund 13) built upon the EcoMandala foundation (Fund 12), the forest carbon MRV system represents another major demonstration of this versatile infrastructure's potential. By establishing standardized, blockchain-verified Earth observation data access, we're creating the foundation for a vast ecosystem of environmental applications that will drive significant transaction volume and utility for the Cardano network.
ISO Standards Framework; Compliance: Our solution achieves full compliance with critical international standards that form the backbone of credible carbon monitoring systems. ISO 19144 and ISO 19115 are geospatial information standards under the ISO/TC (Technical Committee) 211 series for geographic information. While they are not carbon-accounting standards themselves, they serve as essential supporting standards for land cover classification, mapping, and metadata management, which are fundamental for forest carbon measurement and monitoring.
ISO 19144 – Land Cover Classification System (LCCS): ISO 19144-2:2012 "Geographic information — Classification systems — Part 2: Land Cover Classification System (LCCS)" provides a standardized framework to classify land cover globally. Our system implements this standard to categorize forests, shrublands, wetlands, and other land types systematically. This classification is crucial for tracking land-use and land-cover change (LULC), which is critical for deforestation and afforestation monitoring in REDD+ projects and for calculating carbon stock changes over time. A forestry carbon project can use satellite imagery classified via ISO 19144 LCCS to determine forest area changes, which directly relate to carbon gain or loss calculations.
ISO 19115 – Geographic Information Metadata: ISO 19115:2014 "Geographic information — Metadata" provides a comprehensive framework for describing geospatial datasets with standardized metadata. Our implementation ensures that satellite imagery and forest inventories have standardized metadata, improving traceability and verifiability of forest carbon monitoring. This standardized satellite data can be seamlessly integrated into carbon accounting models. Our metadata framework includes: dataset origin and acquisition methods, timestamps, spatial reference systems and coordinate systems, and processing steps (useful for verification of carbon accounting models). When submitting a forestry carbon credit project for verification, ISO 19115-compliant metadata ensures the spatial data used for carbon estimates is transparent and reproducible.
Integrated Standards Approach: These two geospatial standards work together with ISO 14064-2 (Carbon Project Verification) to provide credible evidence of land-use change and carbon sequestration, creating a complete standards-compliant framework for forest carbon credit verification. This integrated approach ensures our MRV system meets international requirements for transparency, accuracy, and verifiability.
Focus of the proposal
How we perceive the problem: Current carbon credit systems suffer from poor transparency, inconsistent measurement standards, and lack of real-time verification. This undermines market confidence and reduces investment in forest conservation efforts.
Our approach: We leverage the immutability and transparency of Cardano blockchain combined with our advanced EcoMandala AI foundational model and Satellite Oracle infrastructure to create a standardized, verifiable carbon monitoring system.
Key technical components:
EcoMandala Foundation: Utilizing our global environmental foundational model with on-chain multi-modal multi-scale dynamic embeddings for precise environmental monitoring
For more info:
https://gamayos.github.io/pcf12-ecomandala/
Satellite Oracle Extension: Building upon our existing agricultural monitoring system to focus on forest carbon dynamics
For more info
Environmental NFT Integration: Leveraging EcoMandala NFTs as digital passports for land units, encapsulating comprehensive carbon data
ISO Standards Compliance: Full alignment with ISO 19144 (Land Cover Classification), ISO 19115 (Geographic Metadata), and ISO 14064-2 (Carbon Project Verification)
Ground-truth Validation: Field measurement integration for model calibration and accuracy verification
Who will benefit:
Forest conservation organizations needing credible carbon credit verification
Carbon credit buyers seeking transparent, verifiable offset purchases
Local communities participating in REDD+ and conservation programs
The broader Cardano ecosystem through real-world utility demonstration that can:
Scale globally across multiple environmental use cases
Attract corporates and global organizations to blockchain-based environmental solutions
Create substantial on-chain transaction volume through carbon credit trading and verification
Unique aspects:
First blockchain-native MRV system with full ISO compliance built on proven EcoMandala foundation
Real-time monitoring capabilities through battle-tested Satellite Oracle infrastructure
Environmental NFTs as digital passports for comprehensive carbon data management
Transparent, immutable carbon accounting records with multi-modal environmental embeddings
Integration with existing conservation finance mechanisms through proven technology stack
Importance to Cardano: This project demonstrates Cardano's capability to solve real-world environmental challenges while creating a sustainable revenue model through carbon credit verification services. It establishes Cardano as the preferred blockchain for environmental applications and opens pathways for broader adoption in the growing multi-billion dollar carbon markets sector.
Please define the positive impact your project will have on the wider Cardano community
This project represents another use case for the Satellite Oracle built on Cardano. The Satellite Oracle goal is to provide a trust layer that can be connected to many use cases.
Value to Cardano Community:
Quantitative metrics:
Qualitative metrics:
Output Sharing:
What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?
Existing Capabilities:
Proven Track Record:
Technical Expertise:
Existing Infrastructure:
Progress Transparency:
Technical Validation:
Market Validation:
Milestone Title
MRV System Design and Standards Framework Implementation
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Delivery Month
2
Cost
50000
Progress
20 %
Milestone Title
Carbon Monitoring and Verification Engine Implementation
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Delivery Month
2
Cost
75000
Progress
50 %
Milestone Title
Forest Conservation Fund and Kwaxala Network Pilot Deployment
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Delivery Month
1
Cost
75000
Progress
70 %
Milestone Title
Performance Enhancement and Knowledge Transfer
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Delivery Month
1
Cost
25000
Progress
90 %
Milestone Title
Project Completion Report and Sustainability Planning
Milestone Outputs
Acceptance Criteria
Evidence of Completion
Delivery Month
7
Cost
25000
Progress
100 %
Please provide a cost breakdown of the proposed work and resources
Satellite Oracle Adjustments (25,000 ADA):
APIs for Earth Observations and Data Management (50,000 ADA):
Technical Interface for MRV Results (62,500 ADA):
Forest Conservation Projects Coordination (62,500 ADA):
Project Management; Administration (50,000 ADA - 20% of budget):
Total Project Cost: 250,000 ADA
Cost Justification: The budget allocation reflects the technical complexity of extending proven infrastructure while ensuring regulatory compliance and real-world validation. The largest allocation to technical interface development ensures user adoption, while substantial forest conservation project coordination ensures credible ground-truth validation across diverse forest ecosystems and governance models.
How does the cost of the project represent value for the Cardano ecosystem?
Market Comparison: Traditional carbon MRV systems typically cost $500,000-$2,000,000 for similar scope and functionality with 12-18 month delivery timelines. Our 250,000 ADA budget (approximately $100,000-$125,000) with 7-month delivery represents exceptional value through: Leveraging existing EcoMandala and Satellite Oracle infrastructure enables aggressive timeline and cost efficiency
Cardano blockchain reduces ongoing operational costs compared to traditional centralized systems
Accelerated delivery provides faster time-to-market for carbon credit verification services
Return on Investment for Cardano:
Long-term Value Creation:
The 250,000 ADA investment has potential to generate millions in economic value through carbon market facilitation and ecosystem growth.
Our integrated approach combining existing infrastructure with new carbon-specific capabilities and multi-location validation provides superior cost efficiency and accelerated time-to-market.
Terms and Conditions:
Yes
Yosef Akhtman - Project lead - Earth Observation Data Specialist (Gamma Earth)
Role: Oversees integration of satellite data with the MRV oracle
Responsibilities: Develops and implements algorithms for real-time data processing, ensures data reliability for forest carbon insights
Relevant Experience: Proficient in remote sensing and environmental AI applications, essential for accurate forest monitoring data processing
LinkedIn: https://www.linkedin.com/in/akhtman/
Yoram Ben Zvi - Business Lead & Partnership Manager
Role: Business development and strategic partnerships coordination
Responsibilities: Partnership development, business strategy implementation, ecosystem integration
Relevant Experience: 20+ years business experience with technology companies, supporting key Cardano projects including Andamio and Sundial, onboarding leading companies to Cardano
LinkedIn: https://www.linkedin.com/in/yoram-ben-zvi-446836/
Scott Poynton - Sustainability Lead & Forest Conservation Expert
Role: Founder of The Forest Trust (now earthworm.org), three decades of forest conservation achievements with millions of hectares conserved around the globe. Founder of pond.foundation with My Carbon Zero and Forest Love initiatives.
Responsibilities: Forest conservation methodology validation, sustainability framework development, community engagement coordination
Relevant Experience: 30+ years environmental leadership, founded The Forest Trust (now earthworm.org), positive impact estimated at $2 trillion of supply chains and millions of hectares of forest conservation
LinkedIn: https://www.linkedin.com/in/scott-poynton/
Zachi Dinnar - Product lead - UX/UI Designer
Role: Designs user-friendly dashboards and interfaces for forest managers and conservation organizations
Responsibilities: Develops accessible tools for data visualization and decision support
Relevant Experience: Proficient in UX/UI design for environmental technology solutions, enabling effective interaction with MRV systems
LinkedIn: https://www.linkedin.com/in/zachi-diner-214219/
Snehasish Paul - Blockchain developer
Role: Blockchain and Full Stack Developer
Relevant Experience: 4 years overall Experience, Cardano, Haskell, Midnight experience
https://www.linkedin.com/in/snehasishpaulweb/
Marco Rossi - ISO Standards Coordinator
Role: ISO technical committee liaison and standards compliance oversight
Responsibilities: ISO standards implementation, compliance validation, international standards coordination
Relevant Experience: Expert in international standards development, carbon accounting methodologies, and quality management systems