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The FORECAST Grand Innovation Challenge 2022 (GIC) is to develop a feasible innovation (prototype/product/concept) that will revolutionize the management, protection, and use of water resources in the Caribbean.
The majority of scientific discoveries remain confined to dissertations and peer review publications where they remain hidden from their possible industrial applications. Given the challenges offered by current global events like environmental pollution, climate change effects, and diseases, the need for more rapid transmission of scientific discoveries from the realm of postgraduate dissertations and research papers to industrial applications is most critical. Hence, the need for a clear road map, allowing the connection of both pure and applied scientific discoveries to their industrial applications is obvious. Of course, for this to be achieved, a clear understanding of the constituent steps of such a process is germane. Hence, this brief workshop aims to map a possible path for achieving the aforementioned central goal, using previous experiences and examples.
Loan management is a complex process that coordinates agreements among multiple stakeholders in such a way that each party benefits from the arrangement [2]. At the core of our work there is the Asset Token (ATK) which is a compliant ERC-20 token and used for all financial transactions in our proposed system. With this token in our private blockchain network [1], stakeholders can interact in a digital market. Our work includes a Non-Fungible Vehicle Token (VTK) and represents the physical vehicle. Users has access to the ownership of this NFT which prevents fraudulent transactions.
A major challenge facing farmers in Portland, Jamaica is dry weather, especially during the optimal growing season from April through August. During this five-month period Portland suffered from severe dry spells during the years 2014, 2015, 2018 and 2020. A second challenge is the damage to crops and land as well as loss of livestock due to tropical storms or hurricanes and the associated flooding. Portland farmers have suffered losses due to an active hurricane season numerous times and most recently in the years 2004, 2005, 2012 and 2020.
The global essential oils market has been estimated to be US$10.6b in 2021 rising to US$16.0b in 2026 [(Markets, 2021)1] as a result of growth in awareness to preventative healthcare, improvements in the standard of living, along with an increase in the demand for aromatherapy products. With the potential availability of relevant plant materials in Tobago, it is appropriate to develop a strategy for the introduction of Plant Extracts Industry in the island.
The goal of harnessing our biodiversity to bring health and wealth to the people living in the Caribbean Region got a boost recently courtesy of a 2016 IUCN project entitled ‘Advancing the Nagoya Protocol in Countries of the Caribbean Region’ that had five components. This project was commissioned by eight governments (Antigua and Barbuda, Barbados, Grenada, Guyana, Jamaica, Saint Kitts and Nevis, Saint Lucia, Trinidad and Tobago) with GEF funding, had UNEP as its Implementing Agency and the International Union for the Conservation of Nature (IUCN) as the Executing Agency.
Science and technology and its application to regional development
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