Among various infrastructure-related services with sustainability issues, the WEF will start first focusing on water. It is the most fundamental resource for all life and a critical resource for its society. The WEF approach encourages social change in water-related infrastructure through public participation. In a sense, it is not just providing a platform for people to participate in public affairs, but it is creating a new collective form of economic collaboration.
Provision of Ecosystem Tools
To promote the use and adoption of the WEA platform, the WEF will be providing a set of tools for those looking to engage with our platform upon the launch of the network. General citizens will be able to access the environmental database for information regarding their infrastructure using applications developed by partners and developers of the community. Participation with the platform and provisioning of data will be encouraged by exploring gamification mechanisms to engage users in various tasks. Users can then manage and utilize the utility tokens they earned in exchange for various tasks.
Infrastructure-related service providers will obtain access to the environmental database. This data will enable service providers to improve the efficiency of development projects by having access to the most up-to-date information maintained by the community. They will also be able to utilize products created by third-party developers.
Third-party developers will also have access to the environmental database. They will be encouraged to explore novel applications of data for projects which benefit infrastructure and the environment. The Foundation aims to work with partners to ensure all projects are aligned with the foundation’s vision.
Ecosystem Governance
Currently, WEC tokens are ERC20 Utility Tokens based on the Ethereum blockchain. We selected the Ethereum blockchain for its maturity as a decentralized platform offering robust security and access to various development tools. As we advance, the Foundation will actively search for a governance structure that better supports its goals and consider factors such as scalability and overall environmental impact.
Understanding Ethereum blockchain
Ethereum is a blockchain that supports scripting and the creation of decentralized applications and "smart contracts" through your virtual machine. Ethereum is a decentralized open-source software platform that is based on the blockchain and is used for its own cryptocurrency, Ether. It enables the creation and execution of smart contracts and distributed applications (ĐApps) without interruption, fraud, control, or third-party intervention. Ethereum is not only a platform but also a programming language (completed at Turing) that runs on the blockchain and helps developers build and publish distributed applications.
About ERC20 token
The ERC20 token is based on a blockchain asset with functions similar to Bitcoin, Ether, and Bitcoin cash: it can store value and can be sent and received. The main difference between ERC20 tokens and other cryptocurrencies is that ERC20 tokens are created and hosted on the Ethereum blockchain. ERC20 is the official protocol for offering network upgrades on Ethereum (ETH). This is a common standard for creating tokens on the Ethereum blockchain. This token standard defines a number of rules that apply to all ERC20 tokens and allows for seamless interactions. Wallet and exchanges use standards to integrate various ERC20 tokens into their platforms and to facilitate exchanges between ERC20 tokens and other cryptocurrencies.
Whole Earth Foundation intends to focus on all infrastructure & environment-related projects around the world. The WEF will be providing a set of tools for those looking to engage with its platform upon the launch of the network. The foundation provides low-cost incentives to citizens who provide information related to infrastructure that contributes to the public good. So, hurry up and be a part of this splendid platform.
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