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Stable coin in nutshell
The first conclusion is that the credit crunch has resulted from the creation of too much distance between the nominal monetary value and the real asset value of companies, countries and the global economy as a whole. While there appears to be plenty of money out there, this is actually just a reflection of excessive debt. Rather as our trains cannot run because of the ‘wrong kind of snow’, our economy cannot run because of the ‘wrong kind of money’.The global economy is suffering from two shortages at present: of money and of energy, One of the aims of green economists is to create an economy where energy, rather than money, is the main accounting unit.
Stable coins , the coins that don't fluctuate in value and provide ease of medium of exchange. A currency for 1 billion user in India backed by CO2 emission.
Decentralization tends to make the organization more chaotic
Dealing with problems of : centralization and dependency on legacy financial institutions
Finding out the data attributes that allow us to understand what and how much of the CO2 one emits, thus leading to token generation through a registry.
- Finding a safe and secure method without much of data ingestion.
- Creating an algorithm that makes the Co2 pool as collateral and passes off to different participant over the network
Stability is key to all these functions.
We use the chain.link to establish the use of proof when someone claims to be using the product that emits less Co2 (like right now what's happening is in similar manner)