Abstract for Ichiman Trees project!

Sub-Saharan Africa has an alarmingly high poverty rate, with an average prevalence of approximately 41%. Moreover, the World Bank reports that 27 out of the world's 28 poorest countries are located in this region, making it highly susceptible to the effects of climate change. To tackle these interconnected issues, a holistic approach is necessary. However, climate and poverty action interventions require funding, which is often inaccessible to sub-Saharan African countries due to poor credibility in terms of their ability to access necessary funds. A major contributing factor to this challenge is the inability to verify the use of funds for their intended purposes, leading to trust issues with funding institutions.

Blockchain technology is effective in enhancing trust between parties. This project focuses on exploring the use of blockchain in developing solutions that can unlock funding for climate and poverty action interventions. The project uses Namibia as a case study to demonstrate how non-fungible tokens (NFTs) can be used to unlock funding for climate and poverty action projects. The project's prototype is capable of unlocking funding for planting 10,000 fruit trees and providing clean water to 1,000 people. Each community member will receive 100 liters of clean water per day in exchange for being a caretaker for 10 trees. The fruit trees will provide the community with fresh fruits, which will address hunger, provide income-generating opportunities, and ultimately contribute to eradicating poverty. With this innovative project, we can unlock much needed funding for climate and poverty action interventions in sub-Saharan Africa.

Keywords: Namibia, carbon credits, climate change, poverty eradication, SDGs, blockchain, NFTs.