🌿 NFT-Powered Carbon Credit Management System

Tokenize, Trade, and Track Carbon Credits Transparently on the Blockchain.

🚀 Overview

The NFT-Powered Carbon Credit Management System revolutionizes carbon credit management by leveraging blockchain technology and NFTs. By tokenizing verified carbon credits as unique NFTs, this system ensures traceability, prevents double-counting, and enhances transparency in carbon credit trading. Authorized members can mint new carbon credits, ensuring controlled and verified credit generation.

This platform empowers organizations and individuals to participate in sustainable practices while maintaining a transparent and efficient carbon credit lifecycle.

🎯 Key Features

• Tokenization of Carbon Credits: Each verified carbon credit is represented as a unique, non-fungible token (NFT), ensuring authenticity and traceability.
• Authorized Minting: Only designated members can mint new carbon credits, ensuring control and verification.
• Trading Platform: Buy, sell, and retire NFTs, creating an efficient marketplace for carbon credits.
• Real-World Data Integration: Uses oracles for accurate carbon credit verification and tracking.
• Transparency Dashboard: Real-time information on credit lifecycle, ownership, and environmental impact.

🛠 Tech Stack

• Smart Contracts: Solidity (Developed using Foundry)
• Blockchain Network: Ethereum (Sepolia Testnet)
• Oracles: Chainlink (For real-world data verification)
• Frontend: React & JavaScript
• Development Environment: Foundry

Setup & Deployment

Prerequisites:

• Node.js & npm
• MetaMask browser extension
• Hardhat/foundry for Solidity development

Steps:

1. Clone the repository

   git clone https://github.com/your-username/Paris-blockchain-hackathon.git
   cd NFT-Certificate-System

2. Install dependencies

   npm install

3. Deploy the smart contract

   npx hardhat run scripts/deploy.js --network <your-network>

4. Start the frontend

   npm start

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Working video of MVP

paris-blockchain.mp4

How MVP works

Tokenization

• Carbon credits minted as unique NFTs
• Ensures verifiability and prevents double-counting

Verification and Transparency

• NFTs contain embedded verification data
  • Proves authenticity
  • Demonstrates environmental impact
• Real-time transparency dashboard
  • Tracks credit lifecycle

Authorized Minting

• Restricted to authorized entities (e.g., environmental agencies)
• Ensures credibility of minted credits

Trading and Retirement

• Secure NFT trading on platform marketplace
• Credit retirement process
  • Prevents further trading
  • Ensures accountability

📜 Smart Contract Structure

• CarbonCreditNFT.sol: Core contract for tokenizing carbon credits as NFTs.
• MintingAuthorization.sol: Manages authorized members who can mint new credits.
• Marketplace.sol: Facilitates buying, selling, and retiring of NFTs.

🔗 How It Works

1. Tokenization: Verified carbon credits are tokenized as NFTs on the blockchain.
2. Minting: Authorized members mint new credits after verification.
3. Trading: Users can trade, buy, or retire NFTs through the platform's marketplace.
4. Verification: Oracles validate real-world carbon offset data to ensure credit authenticity.
5. Transparency Dashboard: Displays real-time information on credit ownership and lifecycle.

💡 Use Cases

• Corporates: Offset carbon emissions by purchasing verified carbon credit NFTs.
• Environmental Organizations: Mint and sell verified carbon credits.
• Individuals: Participate in sustainable practices by buying and retiring NFTs.
• Governments: Track and regulate carbon credits efficiently and transparently.

🔒 Security and Permissions

• Authorized Minting: Only verified members can mint new credits.
• Immutable Records: Blockchain ensures transparency and tamper-proof transactions.
• Verification Oracles: Ensures real-world data integrity and prevents double-counting.

🚀 Future Enhancements

• Multi-Chain Support: Expanding to other blockchain networks for broader reach.
• Dynamic Pricing Mechanism: Implementing price oracles for real-time carbon credit valuation.
• Mobile Integration: Developing a mobile app for on-the-go trading and tracking.
• AI Integration: Analyzing carbon offset data to provide insights and recommendations.

👥 Contributing

Contributions are welcome!

1. Fork the repository.
2. Create a new branch (feature/your-feature-name).
3. Commit your changes.
4. Push to the branch.
5. Create a pull request.

📜 License

This project is licensed under the MIT License - see the LICENSE file for details.

📞 Contact

For inquiries, collaboration, or feedback, reach out at:

• Email: [email protected]

🌍 Let's Make a Greener Planet, One NFT at a Time!

Join us in revolutionizing carbon credit management and contributing to a sustainable future. 🌱

Contributors

Aryan:https://github.com/Aryankumar102907

Sachin:https://github.com/sachiin044