Adaptive Resources
Crypto, fintech, and responsible sourcing experts
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Category
Grants
NFT
Integrations
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Year
2022
Social
Chainlink Integrations
Adaptive Resources Receives Chainlink Grant to Support Responsible Trade of Raw Materials through NFT Certificate System and Marketplace
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April 8, 2022
About
Adaptive Resources

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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.

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About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link

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Grants
NFT