Ecological health becomes part of the economic value system.
BIONT is a concept for a token that introduces a digital layer to forest ownership and makes ecological attributes visible and tangible. Importantly, the token is funded by a community, from multiple individuals, and not just by a few, as in traditional forest ownership models. The token can reflect the total ecological capital that forests and other potential ecosystems feed into.
Through a new economic concept, the economic principle of forests can shift from purely timber supplier to long term sustainable forestry.
The aim is to generate more age class forests instead of monocultures. A CO2 credit depending on token ownership will introduce a new revenue that is distributed between the shareholders. This new currency can thus help transform investments for compensation payments into new forests with increased resilience. In doing so, the owners develop a partnership with the individual forest areas that are linked to the token.
The central source of inspiration and motivation was contributed by the August Bier Foundation. Within three months the co-creation reached from brainstorming sessions on the future of collaborative forestry to the implementation of new technologies within the practice of forestry. The shared objective was to create an alternative way of funding sustainable and shared ownership of an ecological resource.
With new areas and increased CO2 storage capacity, the ecological capital grows, and at the same time the value of the token increases.
Each piece of forest can be linked to a corresponding data set, thus building a bridge between the physical and virtual worlds and their communities. Via blockchain, the ownership, and at the same time the storage capacity of the ecological pool is documented and contractually secured in the form of a digital land register entry and a smart contract.
WINT Design Lab
August Bier Stiftung - Sauener Forst
Code & Development