Workflow for Verity One Ltd. Nutrient Credit System

Workflow for Verity One Ltd. Nutrient Credit System using Hyperledger, Polygon (MATIC), and Ripple (XRPL)

Overview:

• Private Chain (Hyperledger): This is used for tracking and certifying the first Nutrient Credit (NC) minted on the blockchain. This NC is a MEME coin/token NFT and represents the first-ever nutrient credit.
• Public Chains (Polygon and Ripple): These are used to tokenize the NC as an NFT bundle and facilitate public transactions using Verity V Tokens (V).
• UUID and Asset Management (Odoo 18 ERP): This component manages asset tracking and the integration of the Verity V Token and the NC NFT Bundle in a comprehensive system.

Nutrient Credit Structure:

• The first Nutrient Credit is a MEME coin/token NFT.
• There are 100 million tokens at a retail price of $5.35 each.
• Each NC NFT is a bundle of 1,000 Verity V Tokens, with wholesale pricing at $5,350 per NC bundle.
• The Verity V Token is the internal currency used for ecosystem transactions within the Verity One Ltd. platform.

Step-by-Step Workflow:

1. Creation and Certification of Nutrient Credit MEME Coin on Hyperledger (Private Chain):

• Step 1.1: Issue the first-ever Nutrient Credit MEME Coin as a tokenized asset on Hyperledger. This initial NC represents a unique NFT, validating the minted first nutrient credit.
• Step 1.2: Assign a UUID to this nutrient credit, ensuring it is uniquely identifiable on the blockchain and across the system.
• Step 1.3: Validate and certify the nutrient credit using Verity One Ltd.’s internal processes and compliance standards. Certification data such as remediation details and environmental impact are recorded on Hyperledger for authorized access.
• Step 1.4: The certified MEME coin/NFT is tokenized into bundles of 1,000 V Tokens, representing a unit of nutrient credit. Each bundle is priced at $5,350 USD wholesale.

2. Tokenization of Nutrient Credit MEME Coin as NFT Bundles on Polygon (Public Chain):

• Step 2.1: Mint the certified Nutrient Credit MEME Coin as an ERC-721 NFT bundle on Polygon (MATIC). Each NFT represents 1,000 Verity V Tokens used internally for transactions.
• Step 2.2: Smart contracts are used to manage the lifecycle of the NC NFTs. These contracts will automate processes like certification, sale, transfer, and ownership tracking.
• Step 2.3: The Verity V Tokens within each NFT bundle can be traded, used for internal purchases, or transferred as part of Verity One Ltd.’s ecosystem. The system also tracks fractional ownership if needed.

3. Cross-border Transaction Management with Ripple (XRPL):

• Step 3.1: When nutrient credits are traded internationally or require fast settlement, transactions are processed using Ripple (XRPL), which ensures quick transfers and low transaction fees.
• Step 3.2: Ownership of the NC NFT bundle and the corresponding V Tokens is transferred on the Ripple network, updating Hyperledger (private chain) and Polygon (public chain) with the latest ownership data.
• Step 3.3: The wholesale price ($5,350 USD) is settled via Ripple, while the actual nutrient credit asset is tracked across all three chains (Hyperledger, Polygon, Ripple).

4. UUID and Asset Management in Odoo 18 ERP:

• Step 4.1: The UUID for each NC MEME coin and its associated V Tokens is managed within Odoo 18 ERP. The system tracks the nutrient credits' entire lifecycle, including inventory, transactions, and ownership changes.
• Step 4.2: Integration between the blockchain networks (Hyperledger, Polygon, Ripple) and Odoo 18 ERP ensures that all financial transactions, sales, and ownership details are recorded in real-time.
• Step 4.3: Odoo 18 manages nutrient credits' financial and operational aspects, including tracking the wholesale price ($5,350 USD) and the individual sale of V Tokens within the ecosystem.

Blockchain Flow Diagram (High-level):

1. Hyperledger (Private Chain):

• Certification and Issuance of Nutrient Credit MEME Coin → UUID Assignment → Internal Validation → Odoo Sync.

• Tokenization of Nutrient Credit as NFT Bundle (1,000 V Tokens) → Public Trading of NFT Bundles → Smart Contract Management → Odoo Inventory Update.

• Cross-border Transactions & Settlement → Ownership Transfer → Update on Hyperledger & Polygon → Odoo Financial and Asset Sync.

Key Components:

• First NC MEME Coin: This is a historic representation of the first nutrient credit minted on the blockchain, tokenized into 100 million units at $5.35 each.
• NFT Bundles: Each nutrient credit is bundled into 1,000 Verity V Tokens, available for wholesale at $5,350.
• Verity V Token: An internal currency used within the Verity One Ltd ecosystem, it facilitates transactions and value exchange.
• Odoo 18 ERP: Central asset management system tracking UUIDs, inventory, transactions, and financials.

Next Steps:

1. Blockchain Setup:

• Finalize the setup of Hyperledger for internal certification and Polygon for public tokenization of nutrient credit NFTs.
• Establish the Ripple (XRPL) integration for fast cross-border settlement.

• Build API connectors between the blockchains (Hyperledger, Polygon, Ripple) and Odoo 18 ERP to ensure seamless asset management and financial reporting.

• test transactions and validate the integration across blockchain networks and Odoo ERP.
• Ensure the system can handle the fractional ownership of Verity V Tokens and the entire NC NFT Bundles.