IUCN Green List Standard Token – GLS ICO Nature Blockchain Platform?
The International Union for Conservation of Nature (IUCN) seeks to initiate a new worldwide mission: The IUCN Green List. The project is a Blockchain-friendly certification process aimed at improving the presentation and success of all protected and conserved regions worldwide.
Once implemented, many countries across the world will adopt the IUCN Green List Standard. On its part, IUCN will be close by to monitor progress and to ensure that the candidates comply with the new criteria for nature conservation worldwide. To accomplish this task, the IUCN Green List program employs a regulated form of independent assessment. The program will evaluate the performance of the protected and conserved regions by fairly distributing the cost of the assessment. On the other hand, the Blockchain will ensure the integrity of the Green List program through an Ethereum-based token: The Green List Standard (GLS). The candidate nature areas can then use the GLS token to run smart contracts.
At the core of the IUCN Green List Program are the following stakeholders:
- Blockchain—will provide process mapping on the Smart Contract platform. It will achieve this by implementing the Ethereum-based Green List Standard token.
- IUCN Standards—will provide the secretariat to run the affairs of the project
- Swiss Law—will run the token generating event through Porini Foundation
- Ethereum Standards—will enable the use of ERC-20 tokens to run Smart Contract Platform and decentralized apps
IUCN Green List—Why the Blockchain?
The IUCN program seeks to work with the Blockchain because it believes in its innovative technology, which can help IUCN to achieve credibility in its assurance process. For example, by using Ethereum, all transactions on the blockchain will be accessible, leading to absolute transparency in all the processes involved. In addition, by utilizing the Token Generating Event, which is a community-based blockchain funding initiative, the IUCN team will be able to overcome the challenges at bootstrapping phase.
With the TGE strategy, both donors and the blockchain community can provide a solution to the pioneer gap that can suppress the development of innovation. When key steps are transferred to the Blockchain, all players in the program can be able to see the status of any listed IUCN candidate.
IUCN—How it Works
The IUCN Green List Program works in three main phases:
- Commitment to achieve the standard
- Identification of stakeholders and supporters
- Provision of self-assessment
- Passing of the evaluation and eligibility check
- Provision or relevant evidence against all criteria
- Consultation with stakeholders
- Receiving the site visit
- Passing of evaluation and interviewer check
Green List Phase
- Admission by the IUCN Green List committee
- Passing of mid-term review
- Addressing concerns and alerts arising
- Passing a 5-year renewal review
The IUCN Green List Standard
Based on the phases above, a conserved region becomes part of the Green List Program by choosing to enter the application. This step is voluntary. However, to achieve the IUCN Green List status, the site must comply with the Green List standard. In all the phases of the IUCN Green List program, stakeholders’ views, consensus, and public opinion are used to determine the performance of a site.