Dear Brem and Sai Kishore, Happy World Environment Day and congratulations to you and your team on conceiving this exciting project!
The emerging blockchain technology needs to be tapped to solve environmental as well as economic challenges. Your project is a great example of how it can be applied. One question I had was regarding the value of the ES coins. Since each coin is specific to a hectare, would the value of the coin purchased by corporates over time be averaged out depending on the performance of all hectare units? This is because there may be differences that emerge over time with some hectares generating greater value than others. Also the coin will enable corporates to contribute towards their CSR obligations.In that regard would you approach companies far away from the Eastern Ghats region ( such as in Mumbai or Delhi) or only those nearby initially?
Secondly, many companies in India often respond only to incentives or regulatory coercion by the government to clean up their damage. Even when strong environmental regulations are in place enforcement is often lacking. Do you see this project as potentially triggering a widespread change in corporate attitudes towards restoring ecosystems and environmental quality in India and contributing to social good? Bremley also rightly mentioned the huge value of blockchain for storing land and other records. In that context please also check-out the Zebi project that is trying to do this working with state governments including in Andhra. https://www.zebi.io/ They also launched their own coin called Zebi as well. Are you thinking of any particular name for your coin?
Best wishes for the project again and I hope to see you both in Geneva when you arrive for the Caux meeting. regards, Mahesh Sugathan
Hi Bremley congrats on this remarkable initiative and particularly in applying BCE technology to scale up mangrove plantations in Myanmar. I think it' will be a great example of not only using new ICT technologies and drones for the environment but also enabling high impact as well as monitoring and making information about it accessible to scientists, experts and ordinary folk who want to make a difference to our planet. Eventually perhaps you could even think about an app or website where all this info would be readily accessible and the difference in mangrove cover and sand positive changes can be easily tracked over the years. This could then also be correlated to other positive impacts such as reduction in erosion, reduced damage from future cyclones etc. will be keenly watching this exciting initiative bear fruit! Keep up the great work! Best regards, Mahesh Sugathan