ibiCash : Forest Backed Currency

The ibiCash Protocol serves as a mechanism for encapsulating the time value of forests within a currency made up of units which represent the intangible value of 1 hectare of standing forest for the period of a single day in each of the world's ecoregions. At the end of each day, the system calculates the total amount of forested area in each of the world's 846 ecoregions and subsequently issues an equivalent number of tokens for every hectare of forested land. Each ecoregion possesses its own distinct currency due to the individual non-fungible characteristics of the biodiversity found within that specific ecoregion.The protocol effectively establishes the world’s first Decentralized Forest Central Bank capable of issuing, entirely independently of any human influence, a currency intrinsically tied to the existence of standing forests. To accomplish this, the protocol relies on verifiable open-source satellite imagery, advanced classification algorithms and blockchain technology, allowing transparent and immutable records of forest area calculations and token distribution across the world's ecoregions throughout time