ReFi Podcast
Episode 3: Scaling Forestry with Open Forest Protocol
Published: 24 February 2022 at 06:30 Europe/London
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Episode notes
On the third episode of ReFi Podcast, we sit with Michael Kelly & Fred Fournier from Open Forest Protocol. Discussing the new and emerging technologies they are pioneering to overcome the hurdles of MRV (Measurement, reporting and verification) of forestry projects.
Some of the topics we jump into:
- How did OFP start? 01:07 - It's a collaborative space 06:30 - Overview of OFP 07:16 - Are there third party registries that act in this system? 12:00 - What's been your experience engaging with smaller and medium scale projects? 15:13 - The economic model: What are the economic incentives for people to use your protocol? 19:30 - Validators policing against the chance of any anomalous activity 24:00 - How do you see the potential land to be forested and economic opportunity? 27:23 - The capacity to tokenize natural capital 30:48 - The trade-off between data storage and resource constrained blockchain environments 33:10 - The scope for new partners to learn the system from MRV to Blockchain and beyond 41:10 - How does your annual validating check-in help with the capital flow? 43:19 - Does OFP produce carbon credit tokens that we can buy? 50:35 - Is there a risk of double accounting? 55:30 - The 2 pronged "Collateral Area" system of validation 58:30 - Addressing the oracle problem, bringing true information on to the blockchain 01:07:40 - What can the ReFi community do to help the cause? 01:11:57 - The experience of building the OFP community 01:16:12 - Reaching out to indigenous people and inviting them to participate in the system 01:20:27
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