Company
Date Published
Author
Chainlink
Word count
1097
Language
English
Hacker News points
None

Summary

Hyphen has received a grant from the Chainlink Community Grants Program to develop an oracle framework that tracks greenhouse gases and ozone-depleting substances using blockchain technology, in efforts to support global climate initiatives like the Montreal Protocol and the Paris Climate Accord. This initiative leverages hybrid smart contracts, which combine blockchain, oracles, and APIs, to promote sustainable practices and improve transparency in climate reporting by securely migrating data from legacy systems to decentralized networks. The project aims to prevent greenwashing by providing a transparent and verifiable platform for environmental impact reporting, and one of its initial focuses is on transitioning Nitrous Oxide data to a decentralized framework. David Grimes and Alex Vermeulen emphasize the project's potential to enhance climate action transparency and accountability, while Hyphen's CEO, Miles Austin, highlights its role in addressing climate risks in the finance and banking sectors. The Chainlink Grant Program continues to support such innovative projects to drive the adoption of hybrid smart contracts and secure oracle networks for economic fairness.