AI and blockchain convergence will enhance the development of agricultural carbon credit markets via:
1. Data Collection and Analysis:
AI for Precision Agriculture
Blockchain for Data Integrity
2. Monitoring and Verification
AI for Remote Sensing and Monitoring
Blockchain for Transparent Reporting
3. Smart Contracts and Transactions
AI for Automated Decision-Making
Blockchain for Decentralized Marketplace
4. Marketplaces and Trading
AI for Market Analysis and Matching
Blockchain for Decentralized Marketplaces
Using AI to optimize crop rotation, cover cropping, and enhancing soil carbon storage, one collects verified data from these activities using blockchain, creating an immutable record. Smart contracts issue carbon credits based on said verified data, which then sells into a decentralized marketplace. AI algorithms help match the farmer with the best buyers, optimal pricing and transaction efficiency. Transparent, verifiable and efficient processes, building trust and wider farmer involvement.
