Client Overview: Carbify

EcoFi
Real-World Assets (RWA)
Non-Fungible Tokens (NFTs)
Carbify

Carbify is a blockchain platform dedicated to revolutionizing the carbon offset market by converting various carbon-absorbing entities—such as trees, plants, seaweed, grass, and fruits—into digital tokens. These tokens represent real-world assets (RWAs) that can be planted globally to sequester CO₂. By leveraging blockchain technology, Carbify ensures unparalleled transparency, security, and efficiency in carbon offset transactions, providing immutable data that fosters trust among stakeholders. Unlike traditional carbon credits that often rely on future promises, Carbify issues carbon debits, ensuring that offsets are created only after CO₂ has been verifiably absorbed.

The platform's objective is to offer a superior alternative to conventional carbon credits by providing trusted and reliable solutions that guarantee genuine additionality. By emphasizing quality and transparency, Carbify aims to address critical environmental challenges and become a leader in the carbon credits market.

The Challenge

Implementing Cross-Chain Compatibility

Carbify approached us with an existing solution featuring tokenized NFTs and carbon credits operating on the Polygon blockchain. Their goal was to enhance the platform's functionality by integrating cross-chain compatibility, enabling users to utilize their preferred blockchain networks for purchasing NFT trees. This expansion aimed to broaden user accessibility and adoption across multiple blockchain ecosystems.​

Our Approach & Web3 Tech Stack

To achieve cross-chain functionality, we conducted an in-depth analysis of Carbify's current platform architecture and operations. Understanding the intricacies of their existing system allowed us to design a cross-chain solution that aligned with their objectives while maintaining platform integrity.​ Since Carbify had an existing development team we worked closely with them to integrate the cross chain functionalities which were out of their wheelhouse.

Key considerations included:​
  • Cost vs. User Experience: Determining the balance between operational costs and providing a seamless user experience.​
  • Cross-Chain Messaging Expenses: Identifying who would bear the costs associated with cross-chain transactions.​
  • Scalability: Ensuring the architecture could dynamically support the addition of new blockchain networks without significant overhauls.​

With these factors in mind, we developed a reliable architecture that facilitates cross-chain interactions without compromising user experience.​

Key Features Developed

  • Cross-Chain Capability: Enabled seamless transactions across multiple blockchain networks, allowing users to purchase NFT trees using their preferred chains. ​docs.carbify.io

  • Wormhole Integration: Implemented Wormhole, a cross-chain messaging protocol, to facilitate secure and efficient communication between different blockchains.​

  • Hub & Spoke Architecture: Designed a central hub that manages interactions with various blockchain networks (spokes), streamlining cross-chain operations.​

  • Support for Moonbeam and Base Chains: Extended platform compatibility to include Moonbeam and Base Chain, with the flexibility to incorporate additional chains as needed.​

  • Dynamic Chain Addition: Developed an architecture that allows for the dynamic inclusion of new blockchain networks, ensuring future scalability.​

  • Seamless User Experience: Ensured that cross-chain transactions are intuitive and efficient, minimizing complexity for end-users.​

  • Platform Migration: Transitioned the existing platform to support cross-chain functionality without disrupting current operations.​ This includes updates to the existing FE and BE systems.

Wormhole Hackathon Participation

As part of our commitment to innovation, we participated in the Wormhole Hackathon, presenting our cross-chain solution for Carbify. This engagement provided valuable insights and feedback, further refining our approach to cross-chain integration.​

 

Technologies & Blockchain Infrastructure

Blockchain Technologies

  • Solidity: Utilized for developing robust and secure smart contracts.
  • Wormhole: Integrated to enable cross-chain messaging and interoperability.
  • Hardhat: Employed for comprehensive smart contract testing to ensure reliability and performance.

Supported Blockchains

  • Polygon: The original blockchain network for Carbify's platform.
  • Base Chain: Integrated to expand user options for transactions.
  • Moonbeam: Added to enhance cross-chain compatibility and user reach.

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