Ecosphere
  • Introduction
  • Elevator Pitch
  • Pitch Deck
  • Lean Model Canvas
  • OVERVIEW
    • Mission
    • Problem Statement
    • Ecosphere Prime Solution
    • Benefits
    • Value Proposition
    • Use Cases By Industry
    • Achieving Net Zero
    • Technology Platform
    • "Waze For Weather"
    • Strategic Roadmap
  • Technology
    • Climate Intelligence Network
    • Climate Nodes
      • Prototype
      • Device Mockup
      • Device Setup
      • Node Location Planning
      • Node Explorer
    • Smart Nodes On Hedera
      • Web3
      • Smart Nodes Vs Smart Contracts
    • DIDs and Verifiable Credentials
    • Peer-to Peer Data Sharing
      • How We Use Hedera
      • Hedera Topics
      • Data Tokenization
      • Data Sharing
    • Decentralized Identity
    • Micro Royalties
    • Fractional Ownership
    • Integration
      • Climate Data Workbench
      • API
    • AI Forecasting
  • Functional Flows
    • Registering A New User
    • Registering A New Node
    • Data Collection From Nodes
    • Data Tokenization
    • Data Sharing
    • AI and DLT
    • Marketplace
    • Fractional Ownership
  • Community Product
    • Product Community Fit
    • Product Vision
    • Minimum Viable Product App
    • Wireframe
      • Onboarding
      • Walkthrough Tutorials
      • Wallet Creation
      • Location List
      • Weather Information
      • Location Options and Support
      • Timelapses
      • Animations
      • Weather Station Setup
      • Search and Explore
      • Settings
      • Sharing and Notifications
    • Style Guide
    • Visual Design Elements
    • Usernames Feature
  • Commercial Product
    • Sector Focus
    • Product Market Fit
    • Comprehensive Reporting and Dashboards
    • Climate Data Oracle
    • Go-To-Market
    • Competition
  • Tokenomics
    • Revenue Drivers
    • $PRIME Token
    • Value Capture Mechanism
    • Reward Structure
    • Locale Coverage
    • Nodes For Public Good
  • Community
    • Whitepaper
    • Public Good
    • Joining Ecosphere
    • Governance
    • Awareness
    • Disaster Readiness
    • Early Warning System
    • Socials
  • Project Developer
    • About
    • Team
    • Funding
    • Testnet Accounts
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Web3

Web3 tooling is essential for this project because of the following:

Automation through code: Self-executing code has the terms of the agreement directly written into code. This allows for automation of processes, reducing the need for intermediaries, minimizing errors, increasing efficiency, and ensuring transparency and trust in transactions and processes.

Cheaper to operate: By reducing the need for intermediaries, decentralization can lower operational costs. Reduced transaction fees and costs associated with third-party services make the system more cost-effective in the long run.

Financially sustainable: Users directly contribute to and benefit from the network's value. Node operators earn rewards for participation, and the costs are more evenly distributed among node operators.

Advantage of edge networks (Peer-to-peer data sharing): Decentralization allows data and computing resources to be distributed across multiple locations or devices (edge networks), reducing latency and increasing reliability. It also enhances data privacy and security by minimizing single points of failure and potential vulnerabilities.

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Last updated 5 months ago