Regen Network using blockchain to regenerate earth’s ecological systems
After a year of development, Regen Network is arising starting with a private token sale in order to develop blockchain and distributed ledger technologies as critical tools to help regenerate earth’s ecological systems.
Characterized as the ‘Balance Sheet for Earth,’ Regen Network is a community of actors engaging with ecological regeneration, ecological monitoring, verification, distributed computing and technology development, centered around Regen Ledger.
The protocol allows a transparent and highly efficient way to encourage and reward farmers for the adoption of ecological land management techniques.
Regen Network features four core modules:
Shared Language – design specifically around the needs of ecological monitoring and outcome verification,
Ecological State Protocols – developed in an open and collaborative model to monitor on-the-ground conditions and generate trusted attestations about the health of ecosystems,
Ecological Contracts – which enable diverse parties to create rewards and incentives for land management strategies which produce the desired outcomes,
Decentralized Governance – Regen Consortium is a broad set of known companies and organizations which govern the blockchain and ultimately Regen Foundation itself.
“We’ve charted the course to create the digital infrastructure for accounting for and rewarding ecological regeneration around the globe,” said Gregory Landua, CEO of Regen Network. “Regen Network offers two critical pieces long missing from our collective goal of addressing degradation of the earth: transparent ecological monitoring and verification of ecological state.”
Case Study: The ecological state verification and ecological contracting can be used in combination for the incentivization of specific ecological outcomes. For example, a company might set rewards to its suppliers for practicing regenerative agriculture practices. The rewards are paid out when the practices are verified to have happened. Similarly, a municipality might set rewards for carbon sequestration as part of their effort to fulfill their climate accord commitments. The rewards would be paid out to anyone within the specified geographical region who has been verified to have sequestered carbon through their land management practices.
Regen Network is reported to be partnering with organizations and companies like the Buckminster Fuller Institute, NORI, FarmOS and Terra Genesis International.
COO Christian Shearer said, “Investors in Regen Network are making an investment in their future and the future of their children and grandchildren. For the first time, the technologies have converged to bring together our knowledge about ecological agriculture and a transparent reward system to encourage the shift. We’re proud to have such a broad set of aligned investors coming in to make this project a reality.”
Regen Ledger’s native token, XRN, will offer the ability to collaborate to build information technology infrastructure to account for ecological value.
Investments during this phase will be structured as Simple Agreements for Future Tokens (SAFTs) and will be available to anyone who qualifies as an accredited investor under US securities law. These SAFTs will be considered securities, and offered through Reg D. Investment funds can be received in USD, ETH, BTC, and ATOMs.
