►
Description
Session: ‘BxC: A Technical View’
Speakers:
Ken Weber, Ripple Social Impact
Gregory Landua, Regen Network
Anna Lerner, Climate Collective
Moderator: Daniel Hwang, BxC Strategic Advisor & Co-Founder, BxCi
A
B
Good
hi
everybody
I'm
Gregory
land
away,
I'm,
one
of
the
co-founders
of
regen
Network
and
we're
building
a
blockchain
native
carbon
registry
really
aiming
to
be
a
neutral
space
to
bring
together
and
sort
of
defragment
the
market
to
focus
on
high
quality
origination
and
all
of
the
geeky
and
amazing
science
and
verifiability.
That
really
needs
to
underpin
this.
If
it's
going
to
be
a
robust
Market
that
we're
all
envisioning.
C
Hi,
my
name
is
Anna
Lerner
I'm,
the
CEO
of
climate
Collective
I've
been
in
climate
and
carbon
markets
for
all
of
my
career.
I
started
as
a
project
developer
for
energy
efficient
cook
stoves
in
sub-Saharan
Africa
the
year
after
gold
standard
was
launched
and
then
spent
many
years
doing
large
sale,
carbon
Finance
at
the
World
Bank
and
the
financing
mechanism
of
UNF,
Triple
C
and
then
corporate
sustainability
with
Facebook
and
meta.
D
Hi
everybody,
my
name
is
Ken
Weber
I'm
I
lead,
Ripple's,
social
impact
and
sustainability
efforts.
We
had
mostly
focused
up
until
about
18
months
ago
on
the
application
of
fintech
to
financial
inclusion.
It
was
only
too
happy
to
start
bumping
into
people
like
my
colleagues
here
on
the
application
of
blockchain
technology
to
carbon
carbon
removal,
ecological
benefits-
and
you
know
how
could
we
answer
the
question
together
of?
D
Might
this
technology
be
catalytic
in
the
same
way
that
iot
and
remote
sensing-
and
you
know,
machine,
learning
and
big
all
these
new
technologies
that
are
lumbering
into
carbon
markets?
How
might
blockchain
help
to
expand
and
scale
and
you
know,
grow
carbon
markets
and
their
impact,
and
so
we
Ripple
is
an
independent
company.
A
Great,
so
what
I
want
to
talk
about
next
is
specific
to
why
this
sort
of,
as
David
mentioned
the
big
tent
or
the
as
right,
Douglas
Gaiden
from
lexicon.
It
said
like
the
culture
of
inevitability
in
terms
of
these
initiatives,
is
that
so
how
a
lot
of
right
from
the
different
l1's,
Ripple,
cello
or
climate
Collective,
and
it's
other
l1's
and
then
regen?
A
No
one
fought
so.
But
but
what
like?
This
is
the
the
value
of
that
sort
of
Big
Ten
analogy.
How
do
you
see
right
because,
very
specifically,
with
with
what
we
had
seen
at
Ripple,
what
you
had
mentioned
to
us
in
in
Greenland
was
you
guys
had
built
out
an
entire
entire
ecological
assets
framework
that
I
think
not
a
lot
of
other
l1s
were
acutely
aware
of
right
and
then
and
then
we
had
right.
You
would
decide
to
open
it
up
to
us
and
came
to
Columbia.
A
D
I
mean
first
and
foremost
big
tent
yes,
but
not
everybody
in
the
pool.
We
want
serious
aligned,
Partners
to
come
in
and
roll
up
their
sleeves
and
and
to
do
real
world
things.
We
think
that
we're
getting
close
to
that
critical
mass
between
l-1s
and
market
makers,
game
changers,
like
regen
and
others.
D
You
know,
corporate
self-interest
is
not
necessarily
A
Bad
Thing,
it
sometimes
drives
impact,
and
so
if
there
is
any
interest
on
Ripple's
behalf,
it
is
you
know
to
shine
a
light
on
the
you
know,
utility
of
of
xrp,
of
The
Ledger
and
to
engage
that
development
community.
In
you
know
this
use
case,
there
was
a
headline
not
too
long
ago.
D
That
said
you
know,
blockchain's
been
a
solution
in
search
of
a
problem
and
it
may
have
found
one
in
carbon
in
the
financialization
of
carbon
bit
cynical,
but
I
think
I
think
what
the
L
ones
and
other
actors
share
here
is
that
it
can
be
a
real
world
use
case
that
has
social
and
environmental
benefit
and
Gregory
would
be
great.
If
you
touched
on
some
of
the
some
of
the
S,
we
think
there's
it's
a
big
enough
problem.
D
There's
enough
work
to
go
around
multiple
Technologies
need
to
win,
and
we
need
to
unleash
that
technology
and
that
Talent
around
it
to
really
whatever
X.
You
know
the
math
says
we
need
to
do
in
terms
of
growing
these
markets.
The
existing
markets
have
some
wonderful
attributes.
They
have
some
wonderful
builders
in
there,
including
some
of
the
verifiers
who,
by
the
way,
are
starting
to
warm
to
this
idea
of
blockchain
being
a
potentially
helpful
technology.
So
you
know
again,
the
point
is
not
to
disrupt
them
to
the
point
of
obsolescence.
C
Yeah
from
I
would
say
from
the
climate
collective's
perspective,
and
maybe
I
should
give
you
a
brief,
just
a
quick
second
on
what
the
climate
Collective
is.
It's
essentially
a
coalition
of
stakeholders
using
sustainable
and
trusted
web3
Technologies
for
solving
climate
change.
So
we
in
our
Collective
we
have
on
entrepreneurs
and
Builders.
We
have
investors,
we
have
climate
scientists
and
climate
ngos,
and
we
think
that's
so.
C
This
Collective
of
group
of
actors
working
together
sharing
road
maps
supporting
marketing
flywheels
Etc,
is
a
way
to
give
sort
of
credibility
and
strength
to
the
less
hypey,
the
more
sort
of
boring
just
like
technology
perspective
of
how
to
deal
with
climate
change.
How
to
give
that
a
platform.
So
we
had
our
technology
Aid
lead
at
the
event
in
Colombia
and
I.
Think
Nirvana
spoke
a
lot
about
inter
and
intra
operability
and
from
our
perspective,
that's
really
important.
C
The
climate
Collective
was
founded
out
of
the
cello
ecosystem
and
the
seller
custom
system
has
a
really
unique
Mission
alignment
around
sort
of
mobile
first
access
for
everyone,
and
also
climate
climate,
positive
blockchain,
but
as
our
community
are
growing,
we
have
more
and
more
teams
and
builders
that
are
building
on
sallow,
bridging
to
other
chains
or
building
natively
on
other
chains.
So,
from
our
perspective,
we're
trying
to
look
at
where
are
some
of
the
more
interesting
Technologies.
The
more
interesting
marketplaces.
C
For
example,
we've
spent
yesterday
with
the
hedera
team
that
has
a
really
interesting
technology
called
The,
Guardian
filecoin
is
building
out
CO2.
That's
also
I
think
Super
critical
to
this
broader
ecosystem.
So
if
there's
something
that's
that
I
would
like
to
to
make
sure
that
we
do
as
a
collective
here.
It's
lifting
up
some
of
those
really
critical
key
technologies
that
are
already
working
and
that's
already
driving
a
lot
of
benefit
to
both
the
builders
and
the
corporates
and
then
finding
ways
to
kind
of
build
in
closer
collaboration
around
the
users
of
those
hubs.
B
B
Think
what's
unique
about
web3
primarily,
is
that
we've
been
able
to
create
a
commercial,
an
ecosystem
based
on
Commerce
and
business
with
Norms
around
open
source
development,
and
that
puts
us
in
a
very
interesting
position
to
take
the
lead
on
these
huge,
complex
coordination
issues
like
climate
change
right,
we
have
a
Marketplace
that
really
requires
an
open
source
approach
in
order
to
have
efficient
verifiability,
auditability
and
the
assets
themselves.
Carbon
credits
or
biodiversity
credits
really
require
us.
B
B
I
think
what
what
that
does
is
it
actually
is
going
to
create
a
scenario
in
which
we're
able
to
empower
web
2
in
the
corporate
world
we're
able
to
empower
the
the
nation-states
of
the
world
and
the
citizen
groups
of
the
world,
because
at
the
end
of
the
day,
this
is
like
everybody
is
on
the
same
boat
when
it
comes
to
climate
change,
right
we're
all
on
the
same
boat
together.
So
I'm
really
excited
to
see
these
different
moments.
B
You
know
each
time
we
get
together
in
in
Greenland,
where
this
is
born
in
in
Medellin.
When
we
take
the
next
step
here
in
Davos
and
moving
forward,
we
are
continuing
to
see
that
people
are
actually
willing
to
sort
of
like
to
chip
in
the
work.
That's
already
been
done
right
and
to
be
humble
about
what
are
the
other
options
and
opportunities.
How
do
we
build
this?
Because
you
know,
as
Sandra
said
in
the
last
panel,
this
is
about
you
know.
This
is
about
an
ocean.
B
A
Yeah
great
that
that
was
really
well
said:
do
you,
how
have
you
and
and
we
can
go
Gregory,
Anna
and
and
and
Ken?
Have
you
been
communicating
that
the
value
of
this,
like
this
technology
right
of
cryptocurrency
or
blockchains
to
your
web,
to
counterparts
right
if
we're
using
that
same
analogy
of
like
the
ocean
right
where
the
crypto
native
ecosystem
is
not
only
limited
right?
You
can't
you
have
to
grow
your
Market
first
to
be
able
to
have
that
type
of
adoption
or
impact.
B
This
is
the
way
of
doing
that
in
a
digital
world.
We
need
consensus
about
specific
things.
What
are
the
methodologies
on
our
allow
list?
You
know
what
are
the
stand,
interchange,
standards,
those
are
things
that
need
to
get
kind
of
hard-coded
into
State,
and
the
last
thing
that
I'm
talking
about
honestly
is
really
around
the
you
know
the
market
or
the
liquidity
right
and
I
think
that
oftentimes.
B
The
conversation
goes
straight
to
liquidity
right,
but
I
actually
think
what
we're
enabling
is,
this
sort
of
like
structure
and
governance,
to
empower
real
action,
and
so
those
are.
Those
are
the
places
that
I'm,
starting
when
I'm
talking
to
people,
which
is
very
opposite
from
the
normal
hype
cycle,
which
is
like
hey
it's
about
infinite
liquidity.
It's
like,
oh
well,
it's
actually
about
like
unique,
responsible
claims
processes
and
Community
consensus
that
that's
valuable,
and
then
we
can
build
the
market
mechanisms
out
of
that
Foundation.
C
Yeah
agreed
very
much.
I
would
also
add
an
aspect
of
disintermediation
when
and
I
worry
that
I
have
enabled
and
funded
probably
organizations
across
the
carbon
market
value
chain
throughout
my
career.
But
anything
from
you
know.
Bilateral
development
on
the
ground
in
sub-Saharan,
Africa
to
World
bank
and
then
meta
carbon
market
value
chain
is
extremely
complex
and
very
opaque.
C
It
has
a
lot
of
I,
would
call
middlemen
or
Brokers
or
Consultants
or
advisors
that
actively
chip
off
a
quite
large
percentage
of
the
price
of
the
carbon
credit
that
is
being
sold
so
The
Originators
the
project
developers,
the
farmer,
whatever
we
want
to
kind
of
call
them
only
get
a
certain
percentage
of
the
value
of
their
asset
because
there's
so
many
people
and
entities
that
are
needed
throughout
the
value
chain
to
help
them
register
get
a
certification.
Get
an
audit,
get
a
verification.
C
You
need
to
fly
in
people
that
are
registered
and
they're,
often
in
Europe,
and
the
U.S
Etc.
So
I
think
it's
really
interesting
to
look
at
this
technology
as
a
way
to
remove
a
lot
of
those
intermediaries.
So,
by
having
this
trans,
the
transparency,
the
accountability,
the
verifiability
from
actions
on
chain,
you
don't
need
all
these
opaque
sort
of
over-the-counter
analysts
or
advisors
throughout
the
value
chain.
So
that's
something
I'm
very
excited
about
I,
also
think
the
participation
of
local
communities
and
also
defining
what
this
is
and
all
and
playing
an
active
role.
C
D
We've
been,
as
you
alluded
to
earlier,
we've
been
particularly
interested
in
sort
of
the
decommodification
of
carbon
removal
and
other
climate,
positive
activity,
biodiversity
credits,
conservation
credits,
not
just
carbon,
but
air
and
water
and
lands,
and-
and
we
think
that
blockchain
naturally
and
natively
lends
itself
to
kind
of
addressing
this
complexity,
and
some
people
may
say
well.
That
sounds
like
you
know,
really
good
database
technology,
but
as
Gregory
as
you
mentioned,
you
know
it
needs
to
be
opened
and
you
know
visible.
B
D
D
We've
heard
from
you
know:
corporate
ESG
leaders.
You
know
this.
If
this
is
a
if
this
kind
of
approach
is
adopted,
you'll
reduce
my
team's
hours
to
get
from
evaluation
and
due
diligence
to
a
purchase
decision
and
often
one
by
the
way.
That
is
a
forward
purchase
decision
five,
seven
ten
years
into
the
future
from
300
hours
to
30
hours
and
I
will
I
will
pay
that
I
will
pay.
For
that.
That
feels
transformative
to
me-
and
the
last
thing
I'll
say,
is
that
this
is
not
technical
at
all.
D
I
think
we
all
collectively
have
an
ability,
as
we
come
up
with
these
solutions,
to
attract
capital
investment
Capital
to
scale
producers,
as
well
as
that
advisory
layer
and
that
software
layer
for
doing
strategic,
ESG
and
asset
management
of
this
new
class,
but
also
you
know
the
the
capital,
that's
on
the
sideline
that
needs
to
you
know
that
needs
to
be
matched
up
with
the
high
quality
additive
permanent.
You
know
traceable
and
trackable
carbon
removal.
B
85
percent
of
that
transaction
went
directly
to
the
land
Steward,
who
is
managing
the
project
right,
so
there's
a
complete
disintermediation
because
of
some
of
the
efficiency
that's
enabled
when
you're
sort
of
embedding
the
verification
process
and
the
registry
and
the
market
into
one
sort
of
seamless
process.
I.
D
And
the
market
is
also
ready
to
accommodate
self-certification,
that
is
rigorous
sector
driven
stakeholder
driven
certification
that
is
rigorous
and
that
may
at
some
point
go
through
a
Vera
or
gold
standard
process,
but
in
month
three
you
know
at
this
scale
they
may
not
want
to
or
be
able
to.
You
know
go
through
that
long,
expensive
process
and
the
buy
side
may
be
ready.
You
know
to
embrace
that
and
again
this
technology
with
its
openness,
transparency,
you
know,
helps
to
accommodate
that
use
case.
All.
A
Right
last
10
minutes
less
Kumbaya.
Maybe
we
each
talk
about
or
you
each
talk
about
what
maybe
some
problems
or
what
more
you
want
to
see
out
of
the
broader
ecosystem
and
then
also
the
communication
that
you
are
having,
perhaps
with
other
networks
and
that,
where
you
might
find
Value
in
collaborating
so
so
problems
that
you
see
or
calls
to
action
that
you
want
or
solutions
that
you
want
to
see,
especially
within
the
the
broader
crypto
and
blockchain
Market,
that
is
inclusive
of
many
different
l1's
that
will
survive.
Maybe
some
won't
yeah
free-for-all
yeah.
C
C
So
there
are
questions
amongst
a
lot
of
corporates
today
around
the
vat,
like
the
longevity
of
the
voluntary
carbon
markets,
the
value
of
carbon
emissions,
and
these
groups
have
to
both
sell
into
that
sort
of
questionable
this
carbon
markets.
The
right
thing
to
do
to
offset
your
scope,
three
emissions,
and
do
you
want
to
use?
Do
you
want
to
leverage
this
new
technology
that
yes
seems
to
offer
all
these
benefits
in
terms
of
digital
mrv
and
traceability
of
the
project?
C
And
you
know
exactly
what
you're
buying
but
like
do
you
really
want
to
buy
the
product
in
the
first
place,
and
this
is
actually
I
I,
don't
often
quote
South
Bowl,
but
I
think
this
is
something
that's
South.
Pole's
CEO
has
done
a
really
good
job
about
advocating
around
this.
This
concern
around
greenwashing,
so
one
can
one
problem
or
challenge
I,
think
amongst
sort
of
web,
3
and
and
I
hope
this
network
can
kind
of
help
address
this.
C
A
little
bit
is
that
when
you're
an
entrepreneur-
and
you
want
to
break
through
you,
you
want
to
point
to
a
problem
that
you're
solving
so
a
lot
of
web
3
entrepreneurs
working
on
climate
are
pointing
to
the
weaknesses
and
the
challenges
of
the
carbon
Market
of
climate
Finance,
whatever
it
is,
but
by
doing
that,
we're
also
undermining
this
very
vulnerable
instrument
that
we
have
I'm.
An
economist
like
we
need
Market
instruments
to
solve
climate
change
to
to
get
decarbonization
at
scale
of
the
world
needs.
C
There's
no
other
way
than
leveraging
Market
instruments,
and
this
is
a
market
instrument
that
exists.
It's
a
market
mechanism
that
isn't
perfect,
but
it
exists
so
I
think
an
encouragement
or
sort
of
one
thing
I
would
like
to
see
is
more
support,
I,
guess
and
less
sort
of
criticism
to
this
Market,
because
I
think
the
the
green
hushing
that
South
Pole
has
started
pointing
out
where
I
think
they
say
25
of
companies
that
have
a
net
zero
pledge,
choosing
to
not
talk
about
it
publicly,
because
they're
so
afraid
of
get
to
get
criticized.
B
So
yeah
those
are
those
are
big
challenges
and
that
I'll
add
one
more,
which
is
that
at
this
moment
of
Market
development,
one
of
the
fragmentation
is
one
of
the
biggest
challenges.
Both
technological
right
are,
we
interoperable?
Are
we
comparing
Apples
to
Apples
and
apples
to
oranges,
but
also
fragmentation
in
terms
of
you
know,
are
we
competing
over
the
slices
of
a
small
pie,
or
are
we
working
to
bake,
to
build
a
system
to
bake,
pies
and
and
I?
Think
that's
why
I've
been
so
excited
about
bxc?
B
Is
that
I
see
that
it's
possible
to
have
a
pre-competitive,
industry-wide
approach?
That
is
actually
answering
some
of
the
systemic
issues,
not
just
for
blockchain,
but
for
this
emerging
economy
of
digital
environmental
assets,
which
civilization
requires
to
exist
in
order
to
be
healthy,
right
and
so
I
think
I
hope-
and
this
is
sort
of
maybe
a
little
idealistic
but
I
believe
that
if
we
continue
to
build
fluency
and
build
certain
and
come
together
to
ask
and
answer
these
questions,
we
can
solve
that.
B
The
last
thing
I'll
say
is
that
I
really
hope
that
this
Spurs
a
set
of
commitments
from
the
web
3
Industry,
not
just
for
interoperability
and
collaboration,
but
we
should
really
have
procurement
and
purchasing
standards
from
all
of
the
major
layer,
ones
and
all
of
the
major
players.
And
if
that
was
to
happen,
if
we
were
to
sort
of
commit
as
an
industry
to
be
offsetting
ourselves
with
our
own
dog
fooding,
the
technology
utilizing
everything.
D
D
Obviously
Bad
actors
in
crypto
in
general
also
sort
of
gives
people
outside
of
the
industry
permission
to
sort
of
put
it
on
ice,
as
you
mentioned,
so
there's
still
fud
and
some
of
it's
Justified
I
think
differentiating
between
blockchain
and
crypto.
You
know
this
is
primarily
a
blockchain
opportunity
and
crypto
May
at
some
point
be
helpful
with
liquidity,
but
really
these
are
blockchain
technologists
and
developers
and
entrepreneurs
that
that
are
coming
forward
to
work
on
this
and
then
I
think
it's
a
matter
of
adoption.
D
You
know
connecting
it
to
the
the
various
sectors
and
also
using
the
advisory
and
software
layer.
You
know,
including
that
group
of
smart
people
and
Smart
Companies
the
watersheds
of
the
world,
and
there
are
many
others
now
merging,
as
well
as
the
investors
that
are
helping
to
build
those
companies
involving
them
in
this
conversation,
so
that
there
could
be
that
that
bridge
from
the
very
technical
to
the
the
business
application.
Great.
E
Hi
Danny
from
Upland
we
every
year
we
offset
the
carbon
of
our
entire
metaverse
and
also
of
all
of
the
EOS
chain.
But
basically
all
of
the
use
chain
is
we're
the
largest
application.
But
what
I
actually
wanted
to
ask
is
I'm
missing
a
bit
of
the
conversation
on
marrying
defy
with
a
lot
of
the
things
that
you're
talking
about,
because
when
you
have
Financial
incentives
and
you
have
a
community
that
is
already
used
to
having
assets,
and
it's
not
just
the
existing
carbons.
E
It's
going
backwards,
because,
when
we're
speaking
to
entrepreneurs
who
are
in
the
carbon
industry,
they're
saying
well
the
biggest
problem
that
we
have
is
like
the
seed
stage
right
like.
If
we're
building
a
project,
then
it's
four
years
ahead
before
we
see
monetization
like
how
do
you
get
more
people
to
start
investing
in
those
assets
and
seeing
returns
in
four
years?
And
it
seems
like
going
to
the
web
three
Natives
and
having
defy
assets,
is
something
that
is
not
being
said
enough
and
I
mean
if
there
are
insights
into
who's
working
on
it.
B
I
think
it's
happening
a
lot
actually
I
I
think
in
our
context,
there's
a
lot
of
work
happening
on
forward
contracts
that
then
are
sort
of
flexible
in
terms
of
how
that
is
either
turned
into
a
tradable
asset,
or
it's
not
sometimes
it's
maybe
not
responsible
for
that
forward
to
be
tradable,
and
you
you
just
want
a
chain
or
a
corporation
to
be
able
to
get
into
contract
for
something
that's
coming,
and
it's
not
necessarily
going
to
trade.
In
other
situations
you
might
be
able
to
responsibly
trade.
B
I
I
actually
think
some
of
the
early
attempts
to
gen
like
go
liquidity
and
go
defy
first,
are
kind
of
cautionary
tales
in
a
way
and
that
there's
actually
some
still,
you
know,
sort
of
like
building
the
building
the
building
blocks
for
ensuring
that
these
are
real
world
assets
and
the
the
right
people
have
get
gotten
paid
and
that
there's
a
robust
verification
system,
I
think
it
it.
My
bias
is
it's
it's
important
for
us
to
get
that
scaffold
hold
it
in
first
before
we
go
full
defy
Degen.
C
Please
go
yeah
just
to
add
two
things
to
that:
I
think
it's
really
interesting
and
and
I'm
gonna.
Actually
Renee
is
here
from
the
cello
ecosystem
and
they
have
a
stable
coin.
That's
called
Mento
and
the
whole
idea
around
menta
in
the
beginning
was
to
back
value
or
back
money
with
something
that
you
care
about,
which
would
be
nature-backed
assets
and
we're
working
with
them.
We're
trying
to
figure
out
exactly
what
that
means.
How
do
we
use
like
the
80
billion
or
whatever
it's
worth
of
stable
coins?
C
Could
we
leverage
them
as
as
early
support
of
kind
of
proving
these
assets
and
having
them
back
nature
fact,
as
it
is
that
carbon
credits
is
that
what
what
does?
What
does
the
acid
need
to
look
like
for
it
to
be
liquid
and
safe
and
stable?
You
know,
there's
like
a
whole
range
of
regulatory
challenges
to
it,
but
I
think
that's
a
movement
that
we're
trying
to
encourage
because
I
think
it's
a
really
interesting
example.
C
The
other
one
I
would
point
to
is
there
are
lots
of
startups
like
this,
but
maybe
look
into
spirals
spirals
is
an
interesting
group
that
is
staking
tokens.
It's
a
D5
protocol,
I
would
say
with
the
refi
spin,
so
they're
staking
tokens
and
then
the
yield
they
are
then
investing
in
green
projects.
It's
a
little
bit
kind
of
building
on
your
thoughts.