According to the survey, the agricultural industry emits 11% of CO2. On the one hand, agricultural businesses can provide growers with sustainable goods and services. On the other hand, farmers are hesitant to embrace sustainable
methods without adequate economic incentives. Even as demand for a voluntary carbon market rises, centralized platform business models have so far failed to generate economic benefit for the farmers. What business strategies and
technological advancements can provide financial incentives for farmers to adopt climate-smart practices? How can the customer obtain evidence of authenticity? What sources of economic value may participants, including investors, access?
Many stray dogs and other Animals starve because they Are not fed.
Proposed Solution :
A user can upload and mint (in IPFs), buy and sell NFT in the FarmerChain NFT marketplace using this NFT application built on the Polygon Chain and written with Solidity Smart Contract. It will use the power of React Js. In a win-win scenario for all parties involved, it offers farmers a way to sell Oxide credits in the form of NFT to industrial buyers who need to purchase Oxide credits in order to achieve sustainability goals. Also, we have Trees listed on the NFT Marketplace, where users can buy that NFT, and the Plant NFT that they have purchased will be planted, and a digital certificate will be provided with the geolocation of that plant, this will help us to plant more trees and users will directly take the plant in fighting against global
warming and solving other sustainable goals.
Integration of smart contracts was very difficult because the test network was down many times and also internet problems were there. Also finding the right hosting platform for hosting our codebase with live CI/CD.
Discussion