DAO IPCI offers support for the Rhode Island Lawsuit against Oil Companies
Rhode Island Government filed a complaint[1] in Providence/Bristol County Superior Court to sue oil companies over the effects of climate change, seeking damages for the costs associated with protecting the state from rising seas and severe weather.
DAO IPCI Team has offered to support the claim.
DAO IPCI public blockchain solution (http://dapp.ipci.io ) allows for the backing of claims for environmental damages in the form of “the claim tokens” issued via specific smart contract (Security Deposit Contract) by the Plaintiff or his representatives or by the third party in support of primary claim.
The more support the lawsuit gets from the people the larger is the requested relief. Verification of the claim tokens is subject to the Award of the Court. The Defendants may choose to ignore the claim, reimburse damage by buying out the claim tokens or to offset the damage with the verified results of mitigation measures if there are any. All of the operations are public, transparent and supported by documentation uploaded to the distributed file storage system.
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