DECA - Decentralized Carbon Credit Economy

DECA is an ecosystem that is created as a transparent construct for companies to be able to
legitimize their carbon credit processes amongst consumers as well as their own jurisdictional
requirements. DECA offers the possibility for carbon credits to be attributed to the blockchain
instead of traded to the government in exchange for tokens which can be sold/traded and
exchanged like a digital currency.

The DECA ecosystem can be utilized to assist countries to act upon the requirements of the Paris agreement. Under the Paris Agreement, every country submitted an individual plan, also called national determined contributions (NDC), to tackle its greenhouse gas emissions with an agreement to meet regularly to review their progress.

DECA creates a green economy which digitally signs carbon credits in a blockchain. At this stage, emission reduction through carbon credits is controlled by a few market players: multinational companies and governments. Without a free market or access to people, the impact and purpose of the Paris Agreement is minimized, which is to reduce global emissions by 50% by 2050. Furthermore, current NDCs are not nearly sufficient to reach the Paris Agreement mitigation target.

We propose to introduce a dapp which crypto-democratize the carbon credits by a proof-of-trust mechanism. Accumulators deploy their carbon credits in the chain and miners vote by the dapp (consensus mechanism), the block with the highest amount of trust will be the next block to be added by the chain. Changing the original proof-of-work from Satoshi's Bitcoin, creating a more eco-friendly technology (ASIC proof) and solving the double spending issue by the most trusted parties that integrate signed credits into a block.

Ecosystem + Tokenomics
There will be the following actors in the ecosystem:
Carbon credits issuer (CCI): 51%
A physical or moral person who owns a carbon credit and wants to convert it to DECA through
the DAPP.
Miners / decentralized verifiers: 38%
Individuals which vote on carbon credits. If there is a lack of trust regarding the carbon credit,
these individuals can provide a low qualification or vote against the issued carbon credit.
Node owner: 5%
A person who supports the infrastructure of DECA, adding a node that must be available at all
times and with a good bandwidth-time online. All this to encourage decentralization.
Decentralized Autonomous Organization (DAO): 5%
A decentralized autonomous organization that provides maintenance, in all aspects, to DECA.
The first three years, this DAO will be managed by IHS and NSI, and then released to people
considered by the miners and voters.
Non-profits or charitable organizations with environmental concerns: 1%
Independent agents which seek on daily basis the conservation of the environment through
programs, projects, and global initiatives.

Similar to Bitcoin and other cryptographically generated currencies ‘mined’ by the concept
of proof-of-work, DECA operates on a confidence test of the validity and unclaimed carbon
credits. To ensure that the carbon credits entered onto the blockchain are valid, there is a
constant (automated) revision of the credits. These evaluation serves to ensure the quality and
the validity of the claimed credits. It is called DECA’s proof-of-trust mechanism.

DECA percentage distribution
DECA will be generated via block rewards per carbon credit. In the first instance, the carbon
credit issuer receives rewards for a percentage of 51%; then, voters in the consensus mechanism will receive 38%. A further 5% will be distributed amongst the nodes in the order of connectivity duration and total bandwidth. Another 5% will be distributed to the developers and staff working for the DAO. Finally, the last 1% will be assigned to different non-profits or charitable organizations with environmental concerns. These will be selected and voted upon by the community once per year.

The DECA blockchain will be decentralized by embedding itself in thousands of computers
worldwide. It will distribute itself, by ensuring a network of users and rewarding holders of
nodes to stay online and maintain the system. The upholder of the DECA network will also be
able to vote via the same mechanism as the blockchain. In other words, the blockchain works
via wallets, which allow individual parties to vote.

The value of DECA will depend on monetizing it’s value with respect other currencies. DECA
wants to maintain an independent system based on the three previous points for its valorization.
Thus, it can potentialize DECA as more stable, decentralized cryptocurrency, designed to
increase its value, just like Bitcoin does.

Token Sale Info

Road Map

Since November 2018, a general idea about optimizing the carbon credit market has
transformed into a fully operational decentralized carbon credit ecosystem. The DECA roadmap
provides insights in different areas and the advances needed to create the DECA Token and
the transition to convert it into DECA main.

The DECA roadmap is created in order to provide insights into the history of DECA, since
the first meeting to the DECA main creation. As an expert driven project that works closely
with its open-source community, the DECA roadmap is meant to be a general guideline.
This general guideline will be used in order to transform the DECA ecosystem into one of the
largest community driven decentralized carbon credit markets. Please keep in mind that the
DECA roadmap that is provided in this whitepaper is subject to change based on priorities,
unplanned developments and new ideas.

Team & Advisors
The DECA project has been initiated by Innovative Hydrogen Solutions Inc. In order to build the
DECA ecosystem, Innovative Hydrogen Solutions Inc. has engaged in a strategic partnership
with NeetSec international. Neetsec International consist of various consultants from Canada,
Mexico, The Netherlands, Germany and Norway. These talented individuals range from full capacity developers, marketing experts, designers, carbon credit experts to strategy consultants.

The DECA team meets multiple times a week online in order to discuss the advances and
possible revisions of the project. These meetings are led by a scrum master in order assure
structured meetings which focus on purposeful discussion.

Author : MASJOO899
Bitcointalk URL : https://bitcointalk.org/index.php?action=profile;u=2497423
ETH : 0x2F31BDf2C3250E70b6F09efb8578C8475A47c865

deca decatoken