Open Forest Protocol

🚨Announcing the creation of the first #blockchain-native carbon credits, from the soil up! On January 23, Celsia Energía was the first Open Forest Protocol project to generate the world's only fully digital, immutable, and traceable carbon credits. Unlike other credits that are sourced outside of a state of the art ledger system, OFP carbon credits are created using groundbreaking #blockchain technology from inception to sale. This is intentionally designed to incentivize good project management and tree protection! The ReverdeC participatory ecological restoration program, hailing from the Valle del Cauca region in the southwest of Colombia, has restored more than 7,000 hectares by planting more than 15 million trees in the last decade. Using OFP, Celsia Energía has launched three pilot plots to begin tracking, monitoring, and reporting the restoration process to be at the forefront of sustainable carbon financing for all stakeholders involved. What Does This Mean for the Communities and Forests of ReverdeC? ● Every carbon credit is entirely visible from the inception of the carbon development project (documented on a novel product known as Atlas: https://lnkd.in/gdZyaMv8), to the upload, verification, issuance, and offset of the credit in question. ● For the community and local stakeholders that operate and depend on the forests managed by ReverdeC, this allows for every aspect of the project to be shown to the world, and for their carbon credits to be incredibly high integrity. As a project developer, Celsia remains in full ownership of the carbon credits generated. ● All credits created are automatically distributed to the project’s wallet after verification and issuance. "We hope to use these carbon credits for growing the project, improve the monitoring and contribute for the community who participated in the process.”- Alex Vargas, Team Member ReverdeC - Celsia Energía Deep dive 👇 https://lnkd.in/gmuwf6Wn

👉 "Afforestation credits for small land plots just got easier with new certification protocol"- Bryony Collins from Carbon Pulse Open Forest Protocol is honored to be featured in Carbon Pulse alongside OFP forest project hold.earth in making carbon credit certification for afforestation, reforestation, and revegetation (ARR) projects more common in Europe and worldwide. We reduce upfront cost and make smaller land areas more economically viable for carbon projects! "hold.earth is the first to receive certification for ARR in Europe under the Open Forest Protocol (OFP) for a 4-hectare pilot in Lithuania, which was made economically viable thanks to OFP’s model of charging no upfront cost for certifying carbon projects said Povilas Padaiga, co-founder and CEO at Hold.earth. ARR projects constitute less than 1% of Europe’s carbon market, largely due to the high cost of land and the often-prohibitive expense of certifying carbon projects on smaller plots of land through incumbent standards like Verra and Gold Standard, said Padaiga." Thank you to our projects on the ground worldwide and especially hold.earth in Lithuania for believing in the protocol, and to Bryony Collins for covering the mission of Open Forest Protocol. If you are a project developer looking to gain access to global carbon markets and a robust digital MRV system, we are one message away! https://lnkd.in/gSVY7riT #carbon #carbonmarkets #afforestation #reforestation #forests #trees #climate #climatechange #climateaction

🤖🍃 Companies pioneering Web3 technologies within nature markets ⬇️ 📶 Web3 is a concept built on decentralised technologies and is being developed to create an Internet that is more open and transparent. ⚡As Web3 technologies mature, many businesses are starting to develop and deploy Web3 solutions within nature markets. ⬇️ These include:  🌿 Wadappt - A ‘direct impact nature market’ that implements secure trust technology to ensure verifiable positive outcomes for biodiversity and nature.   🌀 Kolektivo -  Leverages blockchain technology to provide those on the ground with the tools and capital to achieve regenerative developments in their communities. 🌐 OriginTrail - Through Knowledge Assets, businesses, governments, and individuals can share supply chain data with the highest levels of trust, privacy, and connectivity. 🌱 Bluebell Index - Connects landowners to the global market for environmental assets, incentivising the increase of regenerative, nature-positive land-use practices. 📗 Find more examples of these early-stage companies in the market landscape report from the Nature Investor Circle here: https://lnkd.in/dNAQw_eG 📣 Want to learn more about the potential applications for incorporating Web3 into nature markets? 👥 Join Konstantina Koulouri and Frederic Fournier for a roundtable discussion at The Drop. 📅 17 September 🇸🇪 Malmö, Sweden ⏩ Sign up for the in-person event here: https://lu.ma/tu9koggw Open Forest Protocol | Phelipe Spielmann | David Wood | Luuk Weber | Tomaz Levak | Pale blue dot | Domino Studio #NaturePositive  #NatureFinance #MakingNatureCount  #SustainableFinance h  #Web3  #Decentralized  #AI  #Blockchain  #Decentralization  #Web3community

The roots, the trunk and branches of Open Forest Protocol

Bringing blog content directly to your feed 🤝 Over the next few weeks, we will be sharing content usually found on the news section of the Open Forest Protocol website to our page to make it more accessible for our audience. Continuing an exploration of what high integrity carbon credits truly entails, here is the story of the first Open Forest Protocol project to create fully digital carbon credits on the Protocol. ReverdeC project by Celsia Energía hails from Colombia's Valle del Cauca in the southwest region of the country, where the initiative has already restored more than 7,000 hectares. Celsia Energía and ReverdeC began working with Open Forest Protocol in 2022 to continue a legacy of going above and beyond to protect the environment of Colombia, and the communities and people on the ground that rely on this forest ecosystem for vital resources. Using OFP, Celsia has launched three pilot plots to begin tracking, monitoring, and reporting the restoration process to be at the forefront of sustainable carbon financing for all stakeholders involved. Already on stage 3 of their expected timeline, you can keep up with the Celsia projects on the OFP Atlas Explorer: https://lnkd.in/gdZyaMv8

What Open Forest Protocol Offers the Voluntary Carbon Market (VCM) 👇 Open Forest Protocol is the world's first end-to-end, fully digital standard and registry for nature-based solutions. Our platform and digital tools encompass data collection, data verification, and credit issuance, resulting in the world's most transparent credits, verified through the VCM's most sophisticated data verification system. Our system will one day grow to encompass multiple standards and methodologies, however as of today we issue credits under our Afforestation, Regeneration, Reforestation (ARR) Methodology. 🌲For the demand side of the VCM: OFP gives unprecedented ability for local communities and indigenous populations to develop their own projects without the need for intermediaries; 85% of all credits are issued directly to the registered project operator. When you support projects issuing credits through Open Forest Protocol , you are creating a direct connection with a project developer supported by a digital platform that provides transparency to the state of the project including ground data, credit issuance and credit sales. 🌲For the supply/project side of the VCM: OFP's ARR methodology is developer-friendly and intuitive.  - No costs to register on the platform.  - Eligible project sizes start at .3Ha. - Credit issuance in as little as 12 months.  - 85% of the credits you generate are digitally encoded to be owned by you and sold at your discretion (with simple tools and support to engage with global markets for offtake). - Full project visibility to engage your stakeholders. We are excited to share that we have issued credits and will continue to issue an increasing volume of ARR credits over the coming months! Explore our current portfolio of global forest projects on the Atlas Explorer: https://lnkd.in/gxBesU7m Interested? Get in touch and follow us for some BIG announcements coming this summer 🤓

Open Forest Protocol Validator Kanop is a prime example of cutting edge climate assessment technology and innovation, and we are proud to have them working behind the scenes to participate in forest project data validation with over twenty five other 3rd party organizations. Cheers to #biodiversity and beyond 🚀

Now ussuing the most transparent, most highly verified, integral ARR credits in the VCM. Data backed credits, developer friendly process and timelines, and zero registration costs. Interested in the future of carbon accreditation? Let’s have a conversation!

How does Open Forest Protocol issue high integrity, high quality credits? OFP's fully digital MRV (Measurement, Reporting, and Verification) and Credit Issuance Platform is its own unique standard and registry, currently offering a groundbreaking ARR (Afforestation, Reforestation, Regeneration) methodology.   Our process encompasses a cost-free, rapid, and frictionless project development cycle for any forest project around the world, regardless of size 👇 1️⃣ Project qualification: Determine if your project qualifies under our ARR methodology. (https://lnkd.in/ga86W5T5) 2️⃣ Project registration: Submit information to be officially whitelisted as a qualified Open Forest Protocol project, and become publicly accessible in our Project Atlas- https://lnkd.in/gxBesU7m 3️⃣ First data upload: Upon registration, a 6 month timer begins counting down. Your first data upload is due within this 6 month window.   4️⃣ Data is sent to our validation system, where multiple, independent 3rd parties (up to 33 as of this post) are incentivized to review the data against their own knowledge and data sets (remote sensing, secondary ground truthing etc.) and vote to either affirm or deny the data. A verified data set becomes the project's baseline.  5️⃣ Projects begin a second 6 month timer. Again, ground truth data must be collected before the timer expires and it is again verified. Projects affirmed by achieving a consensus/majority of votes to verify the data upload can mint their first credits. Current tree size - baseline tree size = credit issuance (as a VERY basic version of the math).  6️⃣ Credits issued are visible on our Atlas.  7️⃣ Data uploads are due every 6 months for the first 2 years of the project (to more quickly establish a verifiable trend line) and then every year thereafter for a 40 year project duration. Thus, credits can be issued annually for a 40 year time horizon. Learn more by browsing our carbon white paper! And remember, our team is always available to answer your questions and field feedback. ➡ https://lnkd.in/ga86W5T5 #environment #carbon #carboncredits #sustainability #green #greenfinance #climate #climatechange #climateaction #blockchain #data

Greetings, friends, partners, and readers! We've been busy building behind the scenes over the last few months, implementing product updates, onboarding forest projects from six continents, and growing in our partnerships and network. We believe that high integrity, transparent #carboncredits should be accessible to the supply and demand ends of the market, from the small scale forest project operator to the organization, corporation, or government wishing to restore trust in the environmental impact of a carbon credit purchase. This is why Open Forest Protocol exists: to issue the highest integrity carbon credits to the world with verified impact on a #blockchain based platform while supporting front line communities on the ground. We are bringing you OFP Insider #11 with insights on our expanding roster of forest projects and some green news to know! Get your reading in to start the week 👇 #forest #trees #forestprojects #climate #climatetech #climatechange #climateaction #environment #sustainability #carbon #carboncredits #blockchain