Hybrid smart contracts make use of off-chain data, processing resources, and blockchain technology.
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blockchain in Agriculture.pdf
1. Blockchain in Agriculture
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In the field of sustainability, hybrid smart contracts are proving to be a ground-
breaking method. It facilitates easier collaboration among international groups in
order to promote environmentally friendly behavior. Hybrid smart contracts make use
of off-chain data, processing resources, and blockchain technology.
Even "regenerative agriculture" initiatives have started to use this. It prevents climate
change while strengthening regional communities.
Encourage Environmental Sustainability And Regeneration
Regenerative farming methods are advantageous for preserving natural ecosystems. It
is a comprehensive method of using the land. It includes growing native veggies and
superfood plants.
Hybrid smart contracts can assist it in making connections by coordinating efficient
and trustworthy resource distribution through blockchain-based automation and
transparency. They are computer programs that may safely link to non-blockchain
data and systems while operating on blockchain networks. They use external data and
computation to verify real-world events, initiate payments and penalties, and record
transactions in a tamper-proof way. To verify, they are utilizing the decentralized
computing architecture and ledger of blockchains.
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2. Blockchain in Agriculture
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The Green World Campaign Receives The Chain-link Campaign Grant
Chain-link announces that Green World Campaign (GWC) has received a Chain-link
Community Grant. The award will be used to support a hybrid smart contract
application that automatically distributes financial rewards in the form of
regenerative carbon assets using satellite data. Hybrid smart contracts counteract
climate change's consequences.
These benefits are given to protectors in the form of blockchain-tokenized
"regenerative carbon" assets that represent Green World Credits. After that, they can
sell that to organizations and use it in well-publicized Kickstarter initiatives for
natural restoration.
The Green World Campaign aims to mobilize a worldwide movement to improve
degraded land via reforestation and agroecology. It improves the health of rural
people, refills depleted soil, restores biodiversity, as well as reduces greenhouse gas
emissions through "carbon drawdown." Their target is to multiply the wide range of
the "Regenerative Society" model's award-winning programs. It includes planting
billions of trees, encouraging regenerative agriculture, teaching children and farmers
about the environment, and improving the living conditions of the underprivileged
communities that are most affected by climate change.
Also Check : Truth Behind Blockchain and Energy Consumption
Green World Campaign employs a hybrid smart contract application called Automated
Incentives for Regenerative Stewardship (AIRS) to honor stewards of regenerative
agriculture. It is designed to fulfill the needs of local communities. It offers
cryptocurrencies to stakeholders that can be easily converted into fiat currency or
digital assets. Chain-link oracles directly start the payments. These are charged with
acquiring ground-truthing and satellite data and processing it inside trusted-execution
settings.
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Wrap Up :
The emergence of hybrid smart contracts demonstrates that blockchain technology is
much more than just decentralized money. A new era of hybrid smart contracts can
provide new categories of incentives for sustainable human consumption. We must be
conscious that the environmental effect of this business will be determined by much
more than any one project's consensus process as the discussion over climate change
intensifies. Any one project's consensus process will determine the environmental
3. Blockchain in Agriculture
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effect of this business, and we must be clear as the discussion over climate change
intensifies.
You can find more about the hybrid smart contract development if these realms sound
like I'm casting a spell.
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