Aug 11, 2023
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Regenerative Finance solution on NEAR

more 1 year
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Service Lines
Domain focus
Programming language
React Native


1. The main challenge that we faced was the risk of adopting a new and largely untested technology, with a limited tech inventory and the ongoing development of basic functionalities, which were a must-have for the OFP to function as intended. 2. Industry rapid progress directly influenced the protocol’s development, demanding flexibility and an instant response to any changes demanded by the technical team. 3. MRV in the forestry, conservation, and carbon economy requires sophisticated data reporting standards, so both the product and the technical teams were striving to deliver comprehensive and, at the same time, concise interfaces that would cover the necessary scope of requirements while making sure the protocol would still be engaging and easy-to-use.


• Scope of our work: Technical architecture design; Decentralized storage and indexer creation; Project dashboard development; Mobile application development; Building of the Validation Process; Support and further development. • Main tech stack: Blockchain: Rust, NEAR; Backend: Golang, Infura, Firebase, Elasticserach; Frontend: React.native, Next.js, React.js; DevOps: AWS, k8s, Terraform, GitHub Actions; Databases and storages: IPFS, MongoDB


Results: • 40 ongoing projects listed in the Dashboard in the first 6 months; • 18 countries where projects were created; • 19 Validators from 15 countries joined within the first month after the Validation Dashboard launch. Open Forest Protocol (OFP) is a scalable open platform that allows forest projects of any size, from around the world, to Measure, Report, and Verify (MRV) their forestation data. As a climate-neutral blockchain with fast throughput and low transaction fees, NEAR was the ideal place to build their project, getting development support from the INC4 team.