Using Public Ledgers for Direct Payment of Regenerative Work

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W. Szal et al. :

"Rather than viewing farmers simply as food producers, we would like to elevate their societal status to that of land stewards. Agricultural use is the primary way (by land area) that humans interact with land, representing 37% of land globally [wor19]. Currently, the vast majority of this activity is degenerative, but it doesn‘t need to be this way. We do this through two fundamental instruments: Ecological State Protocols (ESPs) and Ecological Agreements. ESPs are algorithms that, primarily utilizing remote-sensing data, determine the change in state of a specific facet of ecological health. An example of this would be a soil carbon ESP, which would track the change in soil carbon in a given piece of land over a given period of time. Ecological Agreements are smart contracts tied to the outcomes of Ecological State Protocols. For example, a rancher has demonstrated via a soil carbon ESP that they‘ve sequestered one hundred tons of CO2 over the past year in their ranch land. A carbon market, utilizing an Ecological Agreement, could pay them automatically when this carbon sequestration is verified." (