 and editor's policy. So everyone need to follow that code of conduct and privacy policy. So in Hyperledger Climate X and SIG, actually, we started this SIG to find out or maybe come together to build the Hyperledger fabric or Hyperledger basically the solutions of what come into being in the space. So even we have three different working groups. One is Carbon Accounting Working Group, where a couple of members and community working on building the carbon accounting platform, which is even deploying production in live. Like SIG chain, Robin is earlier. I was a part of the earlier part of this Hyperledger labs. And then we also have one is standard working group. So here the domain expertise or technology expert are defining some kind of standards. What could be the right way of measuring the carbon footprint and then tokenizing it. And third, we have one research working group where what is the different new in SATU and talking about like COP26 or scope 3 emissions and all about happening in the sustainability in the blockchain space. So these three which we do, and if you go to the carbon accounting working group, you will find many different projects inside it like supply chain traceability and the carbon accounting in the renewable energy space. And there's a separate DAO is created there. So multiple things there is a production really cool. Anybody can use it and build around it. So currently actually this quarterly Hyperledger runs some kind of theme and this quarter theme is a Hyperledger climate. So if anyone doing something on building on a Hyperledger or any kind of blockchain is using especially for the climate space, they can submit their use case, case studies or what are we are doing and take the Hyperledger, Hyperledger climate as a hashtag. So we will get to know what you are building on a climate take using blockchain or using Hyperledger. So continuing the session actually today, we invited Pravee and Pravee is the co-founder of Trust Zero One. Trust Zero One is one of the track and trace platform based on Hyperledger and other public blockchain paper. And they do the end to end traceability of the different product. And in the particular segment, they also climate agriculture and food supply chain plastic credit, they all have done. So and Pravee is the founder of this company and he is the decade of experience working with different innovative people and platforms. He's an investment banker earlier, a startup coach, mentor, an aesthetic partner. He is a sector experience in the social, agritech, agtech, healthcare, transaction structuring. And he's passed out his organization from Raul Kela and he's one of the IAM and the other elements. So Trust Zero One recently launched some kind of ESG reporting and automation tool put in by Trust Zero One. So he's going to talk about like how he's using blockchain and decentralization for democratization and the decarbonation of the using blockchain. So all to you, Pravee. Thank you. Thank you, Navit. Thank you Kamlesh. Can you enable my screens here? Yeah, you need to reshare. Yeah, yeah. Thank you. I got it. So thank you Kamlesh for that introduction and thank you for this evening session. Thank you for giving me an opportunity. And let me start with just giving a brief introduction of what Trust Zero One does. Trust Zero One, we started in the year 2020 and we started, yes, as Kamlesh mentioned, we started as a blockchain disability focusing on more and more use cases on food and seed and agriculture. Yes, Climate Initiative was just, we took it around one and a half year, two years before, near about. And we saw there is a lot of opportunity out there, particularly this is my favorite topic. What we call as a climate, what we don't see. Climate is not that what you see from your window and see that okay, this temperature is good, cloudy or windy, climate is something different and climate, we know the whatever consequence of climate change we are focusing. So the topic what we choose is that, yes, global need the decarbonization and how we can do the decarbonization and how we can create a bigger awareness creating, democratizing the total carbon space and the climate space. And using the technology such as a beautiful technology which is able to answer the decentralized technology. See the democratization, I believe the democratization is the process to achieve the goal of net zero. Democratization, I mean to say everybody should be aware of what is going on and how they can be a part of this low carbon economy. And the thing is that unless and till there's a bigger awareness is getting created, there is nothing is going to change on the climate parallelness of gear. So that is the focus of the topic today. And I'm not going to talk much on the aspect of core technology, but again, I'll talk on what is that essential, why this is required to get into the democratization and why and the available technology what is available to us right now as a DLT technology or Web 3, how we can do that. And what is that platform as a Web 2 and Web 3 innovations are creating to secure the transparent market carbon credit and so that we can achieve into the bigger goal. So let's get up and please feel free to start the free to ask me the questions at any point of time. So we are going to connect the dot between the climate change and sustainable supply chain and the ESG. ESG is a transfer environment, social governance and how the connections are evolving. We are going to discuss on that. So today, in fact, on the economic times in India we just found out an interesting news article saying that we segment to build the country's first resettlement colony for the people affecting climate change. Is it that the whole world can make some sort of a resettlement colony for the human kind? It's not, it's not possible, right? We have seen the, in December 2022, we have seen the rare health from in, in people enjoy that, okay? But again, California strong lives around 1,000 people without power. We have seen that in January 7, 2023, this year. So it's not that climate change is a distance threat it's happening now. And unless until we gear up from now it's very difficult to get into the, get into, the future is going to be very difficult for us to survive. The whole world is striving for a, striving for a, to reduce the temperature or to get into the control but it's somehow it's getting out of production. Now, the thing is that yes, what we can do as a business owner, can we do something to create that sort of a bigger awareness out here? Can we do something on the business front to make a business sense on the climate action? Yes, take certain climate action and create that business sense. What does that mean? Whether our, the prevailing business we can do something, yes. If you are getting aligned with the climate it is going to save us the cost. Implementing energy efficient term or utilizing renewable energy we can reduce the cost and help us the business to grow money and improve our bottom line. It will help us to manage the risk. It will help us to mitigate the potential risk such as the supply chain, disruption, regulatory penalties and the dexterous infrastructure risk. If you are taking certain climate action we have got certain potential to get into the bigger opportunity. Now, this is the brand reputation right now you can see that every nook and corner every business they are working towards the sustainability that's creating a bigger brand awareness. Of course sustainability comes at some sort of a greenwashing but again technology we have got that sort of a technology to get rid of those kind of a element right now. So brand reputation is going to going to the bigger driver for the for the tribe towards the climate action and it is going to demonstrate the commitment towards the sustainability and increasing your brand value. Then third thing is that access to capital access to capital is becoming crucial and you'll find more and more sustainable sustainability or the action towards climate action towards sustainability is going to drive your capital and then the access to capital is going to get easier. Just to give you a simple example recently SEBI Indian Security Exchange Board of India has come up that okay that the mutual fund investment should be 600% of the mutual fund investment should be ESG compliant organization. So what does that mean? That means that the government is pushing you to drive your ESG disclosure or your environment social governance or your commitment towards climate how good you are. The moment you define your ESG disclosure obviously you are going to get treated and that is going to drive your investment in your organization. You are going to be a standout in the form of innovation and the competitiveness because that is going to give you the competitive edge beyond other computer and increasing your environmental friendly and access market. Obviously the last thing is that your regulatory compliance more and more the regulatory is getting stringent and the governments are getting stringent to comply towards the environment more and more. That's how the things are going to achieve towards taking you towards the business use case of why should you are on climate change? Simple ways talking about that are this in the climate change and impacting business triple bottom line, triple bottom line that ESG were working towards planet versus people and towards the prosperity. That's how the things are going to be get aligned. It's that you can make profit you can make prosperity provided you connect with the people you work for the planet and that's how the things are going to get aligned. Now new as business is what is there looking for? New as business is looking towards the inclusiveness. It is looking towards your holistic innovations or the holistic sustainability. It is attracting towards your more of your triple bottom line, so to say. Then the second thing is that what new as business is looking towards the collaborative partnership. Collaborative partnership talking about your with your government and NGOs and the stakeholder and the business leverage collective expertise to resource develop innovative climate solution and create the same value across the sector and the communities. The whole thing is that it's going to the new as business is working towards the employees empowerment, employees empowerment means again participating towards their sustainability initiative participating towards their sustainability environment friendly responsibilities. That's how the responsibilities going to come. Responsible supply chains are the critical aspect of the climate action initiative. In fact, if you look at a total carbon footprint of the whole world and categorize into scope one scope two and scope three scope three comes under supply chains and that is 92% of the total carbon footprint is getting treated from this supply chain. Recently the CDP report talks about that 90% of the 11.4x of the scope one and scope two which is getting ignored or the supply chain carbon footprints are getting ignored. That is going to create a bigger aspect of supply chain. Also the sustainability of the supply chain. What is the source when you talk about your upstream supply chain or downstream supply chain? What is the source? What is the, how is the supply chain? How is the sourcing of the material is happening? Is it avoiding any kind of a child labor? It is avoiding any kind of a deforestation. So these are the things which are going to drive your newest business. And third, last but not the least is the impact investing. Investing, focusing your, creating a positive environmental aspect. One side your investment is going to drive once you are concerned about your, talk about your environmental aspect, your social outcomes. Yes, that is going to the newest business is looking after that. Unless you focus on this five factor, the newest business is not going to. So gone are those days when we don't care about the polluting pollution. We create a steel factory without ignoring that how much pollution is going to be. We establish power plant with a full base power plant and we just forget about or ignore about how much pollution is going to create. Now this, the newest business is going to create or the newest business are going to be created with this foreign pipe, inclusive things. That is how the things are going to do. And then the climate success is going to unleash the power of innovation. See that the climate success, unless there is a element of innovation, talk about the technological advancement, talk about any kind of a resource efficiency. Here, let me tell you, there's a recently McKinsey study find that around 80% of the global innovative, global companies whose success are defined in certain terms are the innovative, the success are defined through their innovation. Success are defined through the new as new alteration or the new thinking. It's just gone are those days when you don't keep on innovating. In fact, in talk about our startups also, unless until we get into that sort of innovative processes devoting it to a new and newer product or the services, it's very difficult to survive. So the power of innovation is going to define your success or climate success and talking about the sustainable infrastructure, technological advancement or your sustainable infrastructure or creating a beautiful circular economy where innovation in the product design materials and the West management can support a shift towards the circular economy. That means whatever you produce, whatever you do, but again, you are impacting the leash to the environment or you are circulating the whole discharge, either human discharge or either industrial discharge, or your circularity. The climate smart agriculture is the fifth aspect which is going to create the bigger impact out here. So, and the last thing is that about the education and awareness and the policy and financing which are going to define your power of innovation. But again, when you talk about all these things, the other aspect is that data, what we ignore. Data is critical to climate change. So you come to the data, we need to understand what is that the baseline assessment and what is the differential we are getting. That's why we keep on talking of that. Yes, Earth has got certain capacity to absorb some amount of carbon dioxide, not everything. So we try to control this temperature beyond 1.5 degree by 2030 or 2050, we set various targets. It is so that the targets are set because we know that unless until we set those targets, the excesses of carbon dioxide is going to create a bigger impact where it is going to increase the same earth temperature. Again, it's becoming the total kinetic balance is going to get distorted. So baseline assessment is important because accurate and comprehensive data is essential to establish a baseline understanding, okay, this is that baseline what we can operate on. Just to give you a certain fact and figure, India produces 17% of the greenhouse gases from the paddy field just because of excessive use of water and excessive use of fertilizer. Is there a way to reverse that or is there a way to reduce that? Yes, we have to understand, okay, on the baseline, okay, if you are producing around five tons of carbon dioxide under a differential or the improved method, whether you are reducing to two or three. So the differential of two metric tons of carbon dioxide emission per acre or per hectare of paddy field is going to create a bigger impact in a longer term. So talking about the next aspect is that apart from baseline, what is that monitoring and progress? What is that we are creating? Are we creating a bigger infrastructure to absorb carbon dioxide? Like are you creating on the urban scenario? Are you creating certain jungles or same where the infrastructure will grow? But again, jungle is also going to grow. Are we creating certain new as jungle as a Miyawaki forest type of scenario? Are you creating certain climate modeling? Because climate modeling is required just to not only to make the crucial for defining, sorry, crucial for development, but define climate model, also to predict the future climatic scenario and inform about the climate-related decision-making. Now, fourth aspect is that vulnerability of assessment. Data on the climate impact stays rise in the sea level and the change of overpart can help the finding out what is that vulnerability impact to the community on the coastal. Then the fifth aspect is that climate adoption. Yes, by collating analyzing the climate change, the decision-making can be implementing and implement appropriate adoption strategy. The last thing is that about the emission reduction strategy. What are that emission reduction strategy you are taking? So the importance of data can be defined through various parameter and creating that the last thing is that about the creating the public awareness and the engagement model. So data is critical. So, but again, we know that what we can't measure, you can't manage. So the measurement is a bigger aspect. Measurement, reporting and the final aspect is the verification, is the crucial aspect for any kind of a climate change initiative. What we do, what innovation is doing, innovation is doing digitizing those MRV. What we started, we started digitizing those measurement, reporting, verification methodologies, which are defined by UN bodies and we got to creating a bigger transparency on the enhanced transparency on the whole ecosystem. That's how we started real-time monitoring on the climate. So it's a start-up, think it off. Where we are starting, we just know that there is certain baseline. We know that importance of data. Is there any kind of a model available for measurement of all this data? Yes, there is certain methodology available. We adopted global methodology or the CDM clean development mechanism methodology, UN-appointed methodology or the VERA or a gold standard, all those climate guardians methodology, and we digitize that. That's where the things are starting from very basic. Then the moment you get to the real-time monitoring, then you can find the stakeholder accountability. Who are the actors exactly on the whole process? Who are creating at what level? So talk about the simple manufacturing process. There is certain upstream, there is some downstream, there is on the scope one and scope two is happening on the manufacturing level. Whether those things we can measure, define, and create those different. Yes, that's how the data becomes a target for the collaboration. And okay, you create those kind of bridge to bridge between the different parties to create those trust and collaboration and you get into the next level. So these data sets are going to give you the decision-making, what to do, what not to do, how to create the values for those who are working on climate or the carbon dioxide sequestration or reducing those things and how to measure those things who are creating those kind of carbon foods. So that's how the things got into play. Then when you've got this, when you have got this availability of blockchain or DLT technology, decentralized technology, you have got everything to connect the things. So that's the how the technology has become the centerpiece of democratization and de-carbonation. The technology is decentralized technology. So the future is not that what is we are looking for, looking for five years to come. Future is now to define those kind of a critical connectivity and defining those accessibility, defining those decentralized energy system. So just to give you something about that, what is decentralized energy system? It's a kind of creating your micro grids that distribute the renewable energy generation to a local community. Now local community can manage their energy net, promote the energy-dependent democracy and also reduce the dependency on the reliance of centralized possible. See, this kind of micro grid concept is not new. Already in India, we have started, we have started in remote corners of some of the places where the renewable energy are getting charged. We have a root mechanism where we connect to the grid with a debited credit with a kind of a, when there is a surplus of energy, you can set up when you have less energy, then you can buy it. So those kind of a mechanism is already developed. But again, the decentralized technology is going to make it pretty simple, defining what is the transparency on the complete ecosystem. Then the information, clean transportation. This is that adoption of the electrical energy, electrical vehicles, public transit systems and the sustainable transport technologies that help to reduce the carbon emission. And we have seen the changes for last two to three years in a drastic change in this aspect. The information sharing is that, which is the information sharing is crucial because who is creating the values out here? Whether as a community, they are creating a bigger value, they should be getting rewarded. Whether the farmers are creating a bigger value by adopting better methodology or the technology of cultivation. These things are going to be set in a seamless, you know, but a digital platform, communication technology and the sharing models are available. Now, innovative business models are going to define the complete ecosystem in a better way. So technology is the centerpiece for any kind of a decarbonization and decarbonization. Now, what are the framework? Generally here, it's kind of why the framework is required? That's pretty crucial because it gives you a resilience and the reality how the things are going to operate. It gives you a kind of a local empowerment. Our DMRB technology is helping more than 50,000 and we are targeting right now, maybe in next two to three years, we will have more than 10 million farmer getting empowered and those are working towards climate change and helping reduce those element of carbon dioxide emission from the periphery. It is also going to give you the efficiency and innovation. So the framework is kind of a pretty important when you define the complete climate ecosystem. So sustainable, now it's a time to unleash the sustainability unleash the sustainability releasing the carbon footprint and the ESG and climate action. So here I just want to talk about the couple of initiatives what is and how the things are going to align the urgent action, the carbon footprint measurement and EOC reporting and the supply chain traceability is required. It's not that because the moment you measure how much is that, as I said, the moment you measure that will define how we are going to manage. So the measurement is quite crucial and the effective measurement is in fact, very much required for any kind of a climate action. So that's how the ESG reporting transparency the ESG reporting tool and supply chain traceability is becoming more important. Wave three and the blockchain technology also enable how secure in fact, first of all, we use ESG technology and we use various protocol to complete track and trace the environmental and social metrics. Then smart contracts can verify, smart contract verify and enforce those kinds of a social conditions so that you operate on a boundary and certain standards. Then you have got the upstream and downstream measurement also define how much is your contribution towards the climate and what is that carbon footprint you are creating on the whole ecosystem. Collaboration partners should be there to drive the innovation. And connecting the sustainability effort to the fostering to co-operation and the addressing the challenges to the create more sustainable global economy is pretty essential. So in this process, what we have created we have created a beautiful model on measuring that how carbon footprint you are creating and that's based on the blockchain. And this has taken us around one and a half year to develop and the product is ready to be adopted globally. And that's how we talk about the re when you reimagine sustainability you reimagine certain measurement or the reporting tools. So we've come up with your first reporting tool and footprint. I'll just pause for a one and a half minutes video then we'll continue. It's not all in the form of it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's it's So, in fact, the design element of footprint is based on certain framework like GRI global framework, I would say GRI 321 SARS-V TCFD and recently we have started the BRSR which is the India Framework for Business Rehabilitation and all these, this is the first product which is getting into the complete end-to-end blockchain and enable attracturizability verification. It also is a kind of API driven ERP integrated. It is also suitable to integrate with your, provide your kind of a live dashboard solution and also it will integrate with your IoT devices and other sensors if it is required. So, that's how our journey is, how the Web3 journey to our sustainable ecosystem. We use technology to integrate connected dots, integrate the centerpiece and create a bigger system. So, this is all about how we do the things and what are the things we have able to do. So, specifically right now we have focused into three things, sustainable supply chain, testability, then DMRV solution and the ESG as a product, a SARS product, what we have enrolled and everything is enabled through a blockchain testability. Any questions, Sir? Okay. Thank you Praveer. Any questions from anyone? You are open to ask any questions. You can maybe ask in the chat box. Hello, this is Nikhil here. Can I ask a question? Yes. Sure. My question is that what would actually drive this, is this a bottom-up approach that we are looking at or is this more on a regulation front that has to come in to be able to expedite this whole process? Nikhil, to ask you a question, a couple of the things are going to drive this. When it comes to a reputation matters, things are going to change. Right now, I can tell you a couple of things right now, what you are experiencing industry as such, apparel industry, if I talk about the other textile industry, they don't require to disclose it for the norm in India, but all of the apparel brands are moving towards because the brand reputation matters and they want to show that they are doing the right thing for the plant chains and they are a sustainable company. Second aspect is that, yes, the brand and the values are going to drive. Second aspect is that regulation is going to drive for sure. But again, if it is a regulation driven, it is may not drive towards a kind of it may drive towards what they call it as a kind of a more of a green washing kind of a thing. See the thing is that just to give you an example, if I am compelled to buy and offset my carbon footprint of less than 100,000 carbon footprint, then I have the option to go and buy London Planet Exchange $2 carbon credit and offset it. But again, when it becomes a kind of a reputation, then I need to see that what is the quality of those carbon credit. Is that creating a bigger opportunity? Is that creating a bigger impact on the social impact? Is that creating a real climate actions that happen? Obviously, they need to pay a value for that. So that's how the things are going to be driven by first is that, yes, your branding and reputation. Second thing is that by the compliances. I think is that, yes, everybody is driving towards climate. Then let me let why we should be left alone. We should also drive. So that's how the things are going to be. Thank you. I just have a follow up if I may understand who somebody has a question. Please. So the follow up is that since this is more of a branding issue, more branding seems to be one of the key things here. What is also happening is that this is more or less a decentralized innovation, which is happening in a everybody's trying to solve the problem in their own way without kind of having standards. So now, how do we compare these apples and oranges? Would there have to be some kind of international standards defined along which we will be working or is it going to be like happening in in pockets? And every pocket is going to have a different color. Now, what I have seen for last couple of the last one to two years, people are getting into see there are a certain set of standard and the methodology of process by way, how we say that climate action you are doing a proper sequestration or evidence of carbon dioxide or any kind of greenhouse gases. So these are the process and methodology which are defined by clean development method or CDM or by world bodies like you and CC. And these are again further refined and created different kind of methods by organizations like Vera, Gold standard, these are so-called climate guardians. But having said that, right now, some people are also doing their own standard and creating a bigger outlook towards working to a synergy of creating a water standard, creating a soil standard. These are things are going to get evolved. But again, when we talk of that, there are some set rules or the methodology. Let's follow on that. Then you can do if there is something is not there, say there is no defined methodology for the construction industry, for the infrastructure industry to achieve their carbon footprint or to calculate their carbon footprint, obviously the new standards, they just go for people to come and define those new standards. That is there. But again, there shouldn't be too much of analysis out there getting into creating a new things which may or may not appeal or may or may not get into some sort of a you can say the perfect methodology or some sort of a conclusive result towards climate change. I think that could be a bit of a concern. But again, right now, when you talk about the global climate scenario, we have a lot of methodologies which should be adopted. But he said that some of the things which are not there, people should get involved and create those kind of values out there because climate is ultimately, it's a global problem. It's not that. But again, having said it's a global problem individually until we are responsible and we are aware of what we are doing and things are not going to change. Thank you. I think Gayatri has some questions. Hello. Can you hear me? Yeah, I can hear you. Yeah. Hello, sir. So I just had a quick question. So I'm not a climate activist, but I have been on the lower end of the rung of I've been practicing farming and I'm a technology enthusiast for the last 10 years maybe. So seeing it from this perspective, my question to you is, do you see these kind of solutions like Nikhil Saru said, do you see these kind of solutions each of us coming up with our own, I'm just looking at it from our perspective, I as a practicing farmer. So do the solutions, as well as the, as well as the scale, I'm just wondering with the scale, can this help these kind of solutions help us scale for the farmers who are practicing on the ground level? That is my first question. And second question is, do you see the solutions going from top to bottom? Or do I, as a person who's a farming enthusiast who wants to work with the farmers here on the ground, have to wait for a regulatory boundary to a body to actually come across and settle until the dust settles. Do we guys have to wait around to have solutions on our hand to actually implement it on the floor? You raised a very valid question now, when it comes to a climate action, what you define as a climate action, what you define, you're reducing the carbon footprint. It's this done by a nature, okay? You can't put a machine which will absorb the carbon dioxide from atmosphere and you say that oh this much is the carbon created. No, that's not possible. So when you talk of certain processes and methodology, there has to be certain scientific validation to that, right? As an individual, a small organization, it's very difficult. I'll just tell you a simple example. Let's say you're grading a urban forestry kind of a scenario, right? Now, you know that how much plant you have put out there. What is the plant diameter? Now, after five years, what will happen? They will start sequestering some sort of a carbon dioxide. Now, how to measure that? This is a big method. You find out what is the diameter, you find out what is the mass, what you find out what is the specific gravity, specific density of that plant. Then you do some sort of a mathematical formulation to arrive at how much is the carbon sequestration could have been done. But again, somebody has to define standards. It's a layman. We can't do that, right? It's a layman. So what has happened? Yes, I'm not saying 100% has done at least 10 to 20% of the climate action which has been recorded has got certain processes and methodology. Apart from there, when you talk about the methane reduction in peri-fill and methane is a greenhouse gas and that is eligible for some sort of a carbon critic, there is certain scientific methodology there. Now, science says that, but again, there is certain practice you have to do. So in a conventional way, if you are peri-filled is generating around 10 tons of carbon dioxide per hectare, and you have got certain process, measure it, and you do a differential method, you do a alternate waiting and trying where you reduce the water. Yes, in that by 40 to 6%. Then you have certain up to 6 mission number to go there. Now, what you talk about all this process and methodology, there has to be a certain practice you have to adopt. Some auditors should be there, third party auditors should be there to validate those things. Okay. Now these, this, this is not that I can do. Can I go and say that there is a then filled and I am helping to reduce the mission. Who requires the highest quantity of water? Can I measure something on my ground? Right. It's not possible. So when you talk about that, not that everything is possible for a climate action, not possible, but there are certain things which is something different. Let's say there is a, there is a, we call it the mangroves. Those are the blue carbon, they absorb 10 times more carbon dioxide than the rainforest. Yes, we have to protect that, we have to measure that, that creates a values. So there is a way. Now we'll talk about that some simpler way with what all this chicken leaders and generate a lot of meat and is there a way to capture that? Yes, there is a scientific way to capture that measure and you burn that. So you are stopping that methane emission going to the atmosphere. Let's say current credit. So there are certain process and methodology, but again, it should not be say that, okay, I define something then let me go. You could be right. But again, there should be some science behind that. Yeah. Yes. Thanks so much. Yeah. Any questions? Yeah, there is a question from Mark B. The problem is not that methodology, it's a disparity pressing between the voluntary and the regulatory carbon credit. Yes, that's true because voluntary carbon credits fetch the better price compared to the regulatory carbon credit because regularly you just do it just to comply your regulation, right? Voluntary what you understand that there is certain values are getting created and you should this social impact is also associated. That should be priced higher. Yeah Mark. Yeah, you can ask the question. Hi. So yeah, this is to me the biggest problem in the market today because what is more important keeping a rainforest intact or a renewable waste to energy project in Europe, for example. What is the justification that that one is 100 euros and keeping the rainforest up is under $10. This to me makes no sense. Yeah, that is true. Rainforest should get you $100. In Kilmer, we said $8400, right Mark? So those Amazon rainforest, they are welling, they are getting a better value. But again, see the thing is that here, the price difference or something is coming just because of there is a lack of trust factor. Now, that is the biggest challenge in this climate action. 2012 the market collapse because of the trust factor. Now the technology such as blockchain or the technology is going to give you that sort of a boost on your trust. Okay, this is that real thing is happening and you should not you should not carry it away. And the more than that, if you put into a tokenization aspect, obviously your property is a kind of pretty unique on the corporate it. There is hardly a mismatch on the number or the somebody is trying to come up with the thing. Coming to your question, larger question, whether the rainforest is important or the solar project is important, both are important in their respect because Europe can't pollute more, right? So you need that 100 megawatt solar project spreading over 500 hectares of land is important compared to from European perspective. But in Africa, if you have 500 hectares of rainforest, that is also important. And you have to maintain that because the whole world needs that to absorb those carbon dioxide. So that's the way I hope I answer you something. Yeah, I agree. They're both important. I just don't understand the price difference. To me, I don't understand. Got you. But again, that's the that's the because of that. See, I think this scenario is going to get changed. When we talk about the climate value or the potential, last year it was around $4 billion market opportunity going 30, 20, 30, it is expected that it will reach into $50 billion opportunity, minimum more than 11 times. But again, when you talk about that $50 billion opportunity at a minimum, that is because the evidence is getting created in a bigger way. More and more companies are going to look for that offsetting their carbon emission or the footprint, carbon footprint. So that's how the things are going to get changed. Obviously, the resources are going to be more demand and carbon credits are going to be in more demand. That's how the price is going to get stabilized. I think it is going to improve in next two, three years drastically. I have a question on that and it's somewhat related to the system. So I look at carbon credits and offsets as a smoke screen that doesn't do any help to the environment. So if those are eliminated, how does that impact the finance of this? Because really, a carbon credit or offset is just give somebody with money the right to undo the good work you did. I planned a forest. I cleaned up the air. Bill Gates comes along and says, I like to plan around a private jet. I'm going to buy your offsets. Well, he just puts it all back in the air. There's some discussion about limiting offsets and credits. What does that do to the financial model here if you get rid of credits, credit sales? Yeah, this is a good analogy, Jeff. Instead of getting into this kind of a financial model rather, it should be kind of a project best. Okay, are you creating a 500 hectares of green jungles, green forest, or are you creating some sort of a sustainable practice in a particular patch of, let's say, India? In a state, can you incentivize a group of farmer to adopt better methodology for farming techniques, avoiding chemical fertilizer, avoiding a lot of water use? Yes, that's where kind of a project based funding, then it will make a kind of a bigger impact. But again, when you understand this aspect of creating a bigger awareness, is there a scope for people like you and me to offset our carbon guilt? Is there any opportunity right now? That is nothing. But technology can help you. Technology can help you to buy that one carbon token or half of that carbon token, so that when you buy with a $20, that part of the Malaysia farmer who is doing some sort of sustainability, he gets benefited because the total value transfer, transformation, sorry, value transfer happens through your technology, through your blockchain technology, and you know that how the things are going to get created. Yes, till now, what has not seen the power of blockchain technologies? All portion, I would say hardly 1%, 2% of the real use cases are getting built up. Future is there. There will be a mass option. And somehow blockchain with crypto get confused and things are not moving in the right direction. Technology has got a beautiful potential to connect the dots between the production, those who are doing farmers or the whole ecosystem to align with the bigger. That is going to happen in a near future. So the framework that you had up before, did it show away where somebody could just get direct payment from a non-government organization or a government to do good works? Was there a in your framework a way to get direct payments? Yes. Yeah, our framework enables those kind of a payments mechanism. See, whatever we derived through our technology as a carbon credit, one third of that goes to those who contributed for that. In this case, it's the farmer. They get benefited immediately. Nice. Okay. So any questions? Yeah, come list. No, I think there's some question in the chat. It is a bit. Sorry. I think there's a question in the chat. I think over here, I can see some new. Yeah, thank you. So it's just, I would like to know more about those other carbon credit standards if there's a list of, because I have my own carbon credit standard. I should put a link in the chat. And if you have all individuals are responsible for their own carbon credit instead of corporations, then there is no scope three because those people who work on the supply chain would account for their own carbon credits that they're responsible for because of their work. And the CEO would, you know, her carbon credits. So there are, I'd like to know more about the other, do you have a list of the other carbon standards? No, we right now working with Vera and both standard and there is something in India is called Universal Carbon Registry UCR. So we are working on this and more of these Vera and both standard they follow the CDM and UFCC methodology and the standards. So yes, we are not getting into our own standard. And we don't have intent to get into that. What we are working on that we believe that these people have spent their years together, decades together to define certain process and methodology. Let's take those process and methodology and digitize those and keep the values out of that. The moment you digitize those, then you create the complete transparency and traceability. And obviously, you are put into the blockchain layer. It gives us the complete immutability of the whole data. So that's our belief. And that's how we work on certain standard. We don't get into our own standard. Yes, Vera and gold standard what you're questioning right now. If you got, I think I can get in touch with one and offline and we can discuss more about your standard and your initiative on this. Thank you. Somebody could put a link to it in the chat to that standard that you did mention. Sure. So on the message, I'm leaving my mail ID. So anybody who wants to to me can just drop me mail. Yeah. Can you say I don't know. Yeah, I wrote it. Yeah, you can best it. So yeah, thank you for joining. And I think if you are doing something in climate space and using blockchain with a hyper ledger, ethereum or real technology, you just can join the hybrid climate SIG and share what you're building on it. So thank you. I think we can do it. Yeah. Thank you everyone. Thank you for your time. Yeah. Thank you. Thank you. Just leave the chat open for a minute so we can get to the links. Sure. I'll leave it open for one more minute.