@chuche.near [Posted on DevHub](/devgovgigs.near/widget/Post?id=3000) ## Idea: Creating a Proof of impact infrastructure for ReFi (Regenerative Finance) on NEAR **Background:** Regenerative Finance (ReFi) is gaining momentum as a sustainable financial model that focuses on investing in projects with positive environmental and social impacts. However, one of the challenges faced by ReFi initiatives is the lack of a robust infrastructure for verifying and measuring these impacts. Without reliable proof of impact mechanisms, it becomes difficult for investors to assess the effectiveness of their investments and for projects to attract funding. who contribute to the innovation of the ReFi ecosystem on NEAR. We are live on mainnet (https://marketplace.chatafisha.com), fully open source and are looking for feedback and improvements on our existing solution. **Proposed Solution:** We aim to address this challenge by creating a Proof of Impact infrastructure tailored specifically for ReFi projects and other green projects building on NEAR. Our goal is to innovate on NEAR Protocol with a blockchain-driven system that accurately tracks and verifies the environmental and social impacts of ReFi projects. This system will utilize smart contracts and diverse data sources like IoT, audits, and user feedback to ensure reliability and integrity in impact reporting. We're also launching a unique NFT marketplace supported by carbon offset data, facilitating the creation and sale of verified carbon credits. This platform will empower communities, particularly in the global south, enabling them to contribute to and benefit from global carbon offset efforts. Our approach emphasizes transparency, community involvement, and technological innovation, ensuring scalability and sustainability while delivering tangible environmental and social benefits. *Examples of requirements to claim / mint an NFT:* * Waste pickers metadata, with the amount of waste, type, location, Co2 removed. Currently overexploited and receive around 0.1$ with info stored informally. Most do not own smartphones but belong to waste managers with smartphones. They log in daily offset information in the dApp, info is verified by a third party verifier and metadata stored on chain. Finally Carbon-backed NFT is minted as an impact certificate **Expected Outcomes:** * Enhanced Transparency: The Proof of Impact infrastructure will provide stakeholders with real-time visibility into the environmental and social outcomes of ReFi projects. This transparency will foster trust and accountability within the ReFi ecosystem, attracting more investors and participants. * Scalability and Interoperability: By building a fully open-source infrastructure on NEAR, we ensure scalability and interoperability with other blockchain networks and platforms. This interoperability will enable seamless integration with existing ReFi initiatives and foster collaboration across different ecosystems. * Data-Driven Decision Making: With access to accurate and verifiable impact data, investors can make informed decisions about where to allocate their funds. This data-driven approach will help channel capital towards projects that deliver meaningful and measurable results, accelerating the growth of ReFi and redistribute positive sum benefits fairly. * Encourage transparency and better accountability for impact project investing. Attachment: Please find an [attached](https://docs.google.com/document/d/10I6Sid8vo6e5tX6ox9cKHO-SHmdGzpkihJEZhnDlCuw/edit) mockup & look / smart contracts infra to illustrate how this could look. **Call to Action:** * Quality feedback will be greatly appreciated * Need for 2 devs to improve on the current mvp marketplace (https://marketplace.chatafisha.com)