Standing Forest Coin (SFC)
Marcelo de A. Borges, Guido L. de S. Filho, Cicero Inacio da Silva,, Anderson M. P. Barros, Raul V. B. J. Britto, Nivaldo M. de C. Junior and, Daniel F. L. de Souza
TL;DR
The paper proposes a blockchain-based digital currency, Standing Forest Coin (SFC), to fund Amazon ecosystem protection projects with smart contracts and oracles ensuring transparency and security for investors and donors.
Contribution
It introduces a novel digital currency and smart contract framework specifically designed for environmental conservation funding in the Amazon.
Findings
Conceptual framework for SFC and smart contracts
Design of oracle-based credibility mechanisms
Potential for increased transparency in environmental funding
Abstract
This article describes a proposal to create a digital currency that allows the decentralized collection of resources directed to initiatives and activities that aim to protect the Brazilian Amazon ecosystem by using blockchain and digital contracts. In addition to the digital currency, the goal is to design a smart contract based in oracles to ensure credibility and security for investors and donors of financial resources invested in projects within the Standing Forest Coin (SFC - standingforest.org).
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