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Chainlink + FCLA: Powering Geospatial Carbon Offsets

Chainlink + FCLA: Powering Geospatial Carbon Offsets

Flyingcarpet is working with Chainlink to provide decentralized, cryptographically-verifiable carbon offsets generated via absorption of CO2 from reforestation.

FCLA (Flyingcarpet) is a platform of geospatial insights that power financial instruments, prediction markets and more, with a focus on enabling cryptographically verifiable Carbon Offsets.

Most recently, FCLA has embarked on the creation of Geospatial Prediction Markets, based on Gnosis’ new Mercury PM contracts. Via a partnership with a fast-growing French reforestation company called EcoTree, this innovate prediction market enables users to take positions related to reforestation and carbon offsets. You can learn more about the project here.

Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. Chainlink is consistently selected as one of the top blockchain technologies by leading independent research firms such as Gartner. It is well known for providing highly secure and reliable oracles to large enterprises (Google, Oracle and SWIFT) and leading smart contract development teams.

Instead of relying on a single, centralized oracle, via Chainlink insights can be piped on-chain via a larger set of node operators. Thus, enabling distributed applications to gain access to off-chain data in a decentralized and trustworthy manner.

Due to the disintermediated nature of FCLA’s carbon offset analytics, ensuring secure and distributed sourcing of off-chain data is central to maintaining the integrity of the platform. Since, for example, the FCLA Prediction Market dashboard enables the creation of potentially large economic positions related to carbon offsets, users must have confidence that off-chain data (used to resolved markets) is sourced in a highly reliable and consistent way. Ch...

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