Green Balam joins OFP to manage 500 hectares of Guatemalan forest cover

Green Balam is a conservation company in the Maya Jungle of Guatemala. Formed in 2019, the firm engages in assisted natural regeneration to improve ecosystem sustainably and, in the process, markets forest restoration as a viable alternative to agribusiness — the greatest source of agriculture-induced deforestation in the country.

Our goal is to make conservation and restoration more attractive financially than agribusinesses so that deforestation due to agriculture can stop and be reverted.

-Sebastian De la Hoz, Green Balam.

Green Balam plans to expand into the carbon credit market, which is where OFP comes into the picture. As an OFP project operator, the company will tap into the measuring, reporting, and forest project verification resources to assess and store detailed information about its projects on the blockchain. By using the resources of OFP for project validation, investor confidence will increase together with Green Balam’s credibility in the carbon credit market.

The company opted for OFP’s resources due to their ability to serve both small and medium-sized forestation projects effectively. Green Balam will use the resources on 500 hectares to begin with. Later, we hope the company will verify its entire project portfolio using our resources. Stay tuned for updates!

Learn more about Green Balam

Website

Keep up with Open Forest Protocol

Website Twitter Telegram Discord LinkedIn

Who else is in the OFP MRV Network?

OFP MRV Network

23 stories

--

--

--

Blockchain platform for next generation forest projects. Transparently measure, report, and verify the entire life cycle of trees.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

As drilling slows, Halliburton’s Duncan, OK yard fills

Reverse Migration due to COVID-19 Underpins the Need for Adaptation

Which side of LIFE are you ?

What kind of brand are you? Are you a DEGENERATIVE Brand or a REGENERATIVE Brand

Climate Justice and Equity

After the Inferno

Comprehensive Air Pollution Impact Estimation Can Help Deal with the ‘Triple Planetary Crises’

What are the Sustainable Development Goals?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Open Forest Protocol

Open Forest Protocol

Blockchain platform for next generation forest projects. Transparently measure, report, and verify the entire life cycle of trees.

More from Medium

Open Forest Protocol partners with Solid World DAO to build robust and accessible support solutions…

The Role of Human Intelligence within the AIWORK Protocol

Football Deepens Links With NFT Market

THE IMPACT OF ENVELOP NIFTSY ON THE NFT SPACE