HARVEST Sidechain Development: A specialized sidechain built on Cardano.
Purpose: To facilitate efficient, low-cost and scalable transactions for Real-World Asset (RWA) tokenization, educational verifiable credentials and community governance.
Planned Features: Finalization of HARVEST sidechain technical architecture (consensus, interoperability with Cardano mainnet). Detailed design of the two-way peg/bridge mechanism for HARVEST token. Initial smart contract development for on-chain Mudarabah terms. Deployment to testnet (Month 6-8). Transition to mainnet (Month 9-12, contingent on successful testing and audits).
Real-World Asset (RWA) Integration - The HARVEST Farm Pilot:
Initial RWA: A groundbreaking partnership with the Muslim Judicial Council (MJC) to establish an agro-eco-tourism farm outside Cape Town, serving as HARVEST's inaugural RWA. [cite: 44] This farm will also host an IT laboratory for AI and Blockchain R&D.
Financial Model: This farm is acquired via a Sharia-compliant Mudarabah contract, demonstrating an ethical and decentralized financial model for tangible assets.
Integration: Pilot integration of initial farm data (e.g., clean energy production, visitor metrics) via oracles to HARVEST sidechain.
Future: Develop future plans for fractionalized RWA ownership/profit-sharing for broader community participation.
Verifiable Credentials:
NFT-based verifiable academic certificates will be issued on the HARVEST sidechain by the HARVEST Online College.