A more detailed schedule is under negotiation.
Phase One: Logical testing of the decentralized carbon insurance protocol framework design through workshops, expert exchanges, etc. We hope to first find suitable roles (insurance experts, insurance buyers, etc.) to evaluate the decentralized carbon insurance framework for adjustment and continuous improvement of the model design.
Phase Two: Prototype development of the code and simulation testing of the platform. It is challenging to find real carbon credit buyers and sellers to use the insurance platform. Therefore, we will collaborate with the supporting community to test the platform through simulation. However, some carbon risk-related factors, such as carbon credit prices, will be tested using real data via oracles.
Phase Three: Market deployment of the platform. In this phase, we will invite more market participants to use the platform. We have already made contact with some carbon credit market trading platforms, which can connect us to more carbon credit buyers and sellers.