Promoting afforestation by designing an Environment Token System using Blockchain Technology

Authors

Kiran Joshi, Assistant Professor
CE & IT Veermata Jijabai Technological, Institute Mumbai, India.
Aditya Lata, Adnan Mulla, Shruti Khandewale
Information Technology Veermata Jijabai Technological Institute, Mumbai, India.

Abstract

In the past 25 years, area under forests has reduced by 1.3 million square km. Afforestation is the need of the hour. Therecent Amazon Rainforest fire or the Australian Bushfires have alarmed the requirement to save nature and the habitat of most other species. Our local protests of saving Aarey colony against a cut down due to the metro project have demanded and put forth a requirement to provide a technical solution in a multi party trustless environment to verify records of tree planting by the contractor. This is why a Blockchain-based solution is most suited.By this project, we aim to promote afforestation in the masses by providing incentives that shall be sponsored by industries causing pollution, which would be a win-win situation for all. Thus the eventual goal of this project would be to reduce carbon footprint and promote afforestation and transparency by using a publicly verifiable blockchain solutio.