What Are Hypercerts & How Can They Transform Impact Certification? (+ Carbon Credits Example)by@aelpheris

What Are Hypercerts & How Can They Transform Impact Certification? (+ Carbon Credits Example)

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Hypercerts, emerging from Protocol Labs' research, represent a groundbreaking integration of web3 technology and impact certification. As semi-fungible tokens built on the ERC-1155 standard, hypercerts capture, define, and display impact on a decentralized ledger, aiming to enhance transparency and subsequently drive funding towards tangible impact. Their structure enables detailed representation of the scope of work, contributors, and achieved impact. A prime application is seen in the realm of carbon credits, where hypercerts could potentially address long-standing issues such as lack of standardization, low trust, and fragmented marketplaces. By ensuring rigorous evaluations and creating a connection between funding and actual, measurable impact, hypercerts aspire to reshape how we understand and fund impactful projects.

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Nicholas Edmonds

Head of Developer Ecosystem @ https://topl.co Raconteur, regen, and ReFi enthusiast. 🍃


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by Nicholas Edmonds @aelpheris.Head of Developer Ecosystem @ https://topl.co Raconteur, regen, and ReFi enthusiast. 🍃
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