Adaptive Resources is a new venture created by a small team of crypto, fintech, and responsible sourcing experts. This work will be led by blockchain engineer Evan Powlowsky, who is developing the smart contract architecture and frontend for the project. The project will be supported by Dave Snow, a fintech and solar professional, and Jon Ellermann, a responsible trade and sustainability consultant.
Adaptive Resources is building a decentralized application that generates non-fungible “claim tokens” along with an accompanying marketplace. These non-fungible tokens (NFTs) represent a claim on the funding required to support sustainable practices and can be purchased in proportion to how much of a commodity that a company consumes. To prove their support for responsible trade practices, companies along the supply chain will be able to either mint new NFTs or purchase them in the marketplace. With the support of Chainlink Price Feeds, new tokens minted will be able to reflect commodity prices at the time of purchase, enabling companies to demonstrate that they have contributed to supporting sustainability practices in proportion to their financial exposure. Proceeds from token sales will go toward financing environmentally-friendly site improvements, increasing worker pay, and helping drive the adoption of “due diligence” practices that make improvements across the value chain.
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compiance, and pirvacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.
Many of the world's largest financial services institutions have also adopted Chainlink's standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, and top protocols such as Aave, GMX, Lido, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
