SachaChain: reforestation and blockchain
The case of indiscriminate logging (legal or illegal) of immense hectares of forests in various countries of the planet has been known for several years. It could even be said that each continent has this environmental problem, with which one of the main resources that absorb pollutants such as carbon dioxide and methane gas is being destroyed, in addition to providing us with oxygen, vital for our existence.
This problem is deepened when forests are burned for various reasons, since they release into the atmosphere the methane gas that they have absorbed, it ends with animal and plant species, not counting the displacements of various human communities.
But this sensitive issue does not end with the aforementioned. Many companies or human groups that cut down trees with or without the permission of governments do not re-plant trees cut down in forests (reforesting). This begins to leave the planet without lungs like those of the Amazon, that is, less oxygen and clean air to breathe, which further aggravates the situation if we remember the greenhouse effect, the one that is causing the so-called climate change.
The situation is complex and worrying when the results of research conducted by organizations such as the UN and environmental NGOs are known.
However, there are people who worried about this situation have decided to take the initiative through projects that take advantage of the latest technologies that can help offer solutions to this problem. Such is the case of Nelson Cabrera.
A blockchain project concerned with the environment
Nelson Cabrera is a consulting member of the Blockchain Observatory of the National Society of Industries of Peru, a member of the Blockchain Committee of the Peruvian Army and director of the BLS Academy. He has decided to create a project called SachaChain to address the local problem of reforestation in Peru, knowing that this situation can be replicated in other parts of the world.
In Peru there are people who cut down trees in large hectares of the forest (150,000 per year according to the FAO) with the permission of the government, but they do not plant the felled trees again. The Peruvian state has a reforestation project, but not a record (traceability) of how it is being carried out. That is, the citizen does not have access to information on how many trees are planted per year, how many hectares are recovered with reforestation per year, where they are and if this planting is actually taking place. However, and curiously, there is information on how much is cut. In other words, it is known what is destroyed, but not what is recovered and if this occurs.
The intention of SachaChain is to unite the government, private institutions and citizens at local and global level to be aware of this reality and participate in the registration and audit of reforestation in principle in Peru and then where it is decided to replicate the project. Everyone should participate, because the damage is for all mankind.
This will be done using the blockchain technology with which something that has always existed in humanity that is the record of our actions can be carried out, but in this case it will be an immutable digital traceability. This implies that the information registered cannot be manipulated by others, generating transparency and trust among human beings, especially when anyone can have access to this information to monitor that the assumed commitments of reforestation are being carried out.
Therefore, SachaChain was born as a project of people who are linked to blockchain technology, but concerned about environmental issues, with the idea of adding value: providing real-time access to the entire process, such as the planting, production phases and maintenance of a tree.
After all, the intention is to raise awareness and sensitize all citizens.
This is important taking into account the aforementioned and that each person on the planet generates a carbon footprint when breathing, moving in vehicles that use fuels, among other factors. This implies that for each human being two trees must be planted per year. And if the average life is 75 to 80 years the number increases. Even one tree should be planted per year for each vehicle that is in circulation.
On average, a human being, due to its life cycle and everything it produces and consumes in it, should plant an average of 250 to 400 trees. This without counting everything that pollutes.
According to some studies we are close to the catastrophe by the year 2030 but something is done about it. Therefore, the carbon footprint must be reduced.
It is for this reason that the project can be replicated in any part of the world where the same problem occurs as in Peru, making its impact not only local, but worldwide.
SachaChain proposes to register a specific tree species called paulonia, since it absorbs more CO2 (carbon dioxide) and produces more oxygen than other trees on earth. To these benefits can be added that in the first year the paulonia can reach about 5 meters high, sow up to 2,800 meters above sea level and withstand temperatures from -17 degrees Celsius to 45 degrees Celsius. In turn, the leaves can be consumed by cattle. It is deep rooted, so it does not affect the soil and attracts moisture.
SachaChain also offers two ways to monetize. The first is with planting through reforestation to sell CO2 bonds. While the second is to sell wood. Of course, they advocate the first option, which they consider is the best. However, if someone decides for the second, they argue that on average people who invest in the project can opt for five logging of forest in an average of 40 years, leaving the last of the logging as perpetual forest. This can be done without affecting the environment, because after the felling of the paulonia species, and with the appropriate follow-up of specialists, a new tree can germinate.
The wood of the paulonia can be sold at $3 and can even reach up to $14 in the international market, so there is a 1.200% return on the cost of planting, maintenance and sale of the wood.
For the most knowledgeable about the economic options offered by the blockchain, Nelson Cabrera says that the wood can be tokenized if it is to be commercialized through the token (digital asset) of SachaChain, which is called GAB (Green Assets Back), being this is an asset backed by wood.
In this case the tokens can be sold in an ITO (Initial Token Offering), which allows the participation of small investors, who can be sure that they will not have losses taking into account that the wood is not devalued, but always increases in value for the needs that the market has of it. The token can be sold at a lower price (example $1 or less) and for the harvest time at $3 (base price) in the local market and more in the international market, as mentioned above. A tabular foot would be equal to 1 token.
For now, the project is in the formulation stage and the objective is to plant more than one million trees. But if they are cut down more, more trees should be planted.
The final intention is that the investor can not only win, but also help sow and thus contribute to the environment.
If you are interested in this project you can contact Nelson Cabrera through https://www.businessolutiongs.com/ and via WhatsApp: +51 970 336 338 / +51 935 677 637
More information about this project in the interview in Spanish that Nelson Cabrera granted to Academia Blockchain.
Post published originally in spanish on busy.org