Streamr’s commercial subsidiary TX is tackling a complex set of linked environmental issues with an interesting new pilot project called Tracey. In partnership with WWF Philippines and UnionBank, TX aims to make fisheries in the Philippines more sustainable by establishing a chain of provenance over the fish caught and rewarding fisherpeople for providing the necessary data.

Historically, many fisherfolk are unbanked, and their seasonal profession means that, according to WWF, two out of five fishers in the Philippines live below the poverty line. To bridge the gaps between fishing seasons, Filipino fisherfolk need access to microloans that can support other business ventures, but they are often perceived as too much of a high risk for banks.

The Tracey app de-risks the lending process and provides UnionBank with sufficient information about potential clients. Fisherfolk receive accurate credit scores after frequently inputting verified catch and trade data. Checks and balances within the fisheries ecosystem mean that fraudulent data input can be mitigated with a variety of methods.