CarbonChain: Blockchain Incursion to Carbon Credit

Our environment is under threat to natural and man-made threats. As the U.S is embattled by hurricane, there are still other man-made disasters that in no small measure breed health challenges if not curtailed. Scientists have posited that humans are able to survive through air and this is mostly contributed by oxygen. What then becomes the case when the oxygen we breathe in is poisoned?

Such is the case with continuous discharge of carbon dioxide into the air space. Aside industries with high-powered machines, carbon dioxide also takes root in some other channels. Hence, an agreement was reached under the auspices of Clean Development Mechanism, a United Nations backed project. The outcome had sought to further deepen use of carbon credits as means of curtailing exigencies of carbon dioxide. Thus, countries were given specific target with respect to hoarding of carbon dioxide.

CarbonChain had thrown its hat into the ring of already-existing carbon credit market and its hinge on the premise of the blockchain provides necessary outlook that would disrupt the conventional setting.

Loopholes in Carbon Credit :
The blockchain technology had been going round many industries and having no representation in the carbon credit industry, CarbonChain seeks to fill the gap. Thus, the platform became the first to work on the premise of the blockchain with view of decentralizing the saturated carbon emission industry.

The platform is solving problem in erstwhile traditional carbon emission by fostering redistribution of resources. For instance, the United Nations had created the Kyoto Protocol as a channel where countries and interested partners can obtain carbon credits to attain their carbon emission milestone. The issue here is that distribution carbon credits are under centralized controls and there have been instances of inordinate hike in prices.

Sadly, transactions cannot be traced because of multiple intermediary involvements. The system is not free of political undertones as governments often wade in to set trades at their own interests. Finally, creation of carbon credits when placed in contrast with its outcome is not encouraging especially as generated revenues are re-channeled to other areas that were not listed.

Introducing CarbonChain :
CarbonChain seems the solution at this time. The platform is using the blockchain and distributed ledger in reinventing creation and utilization of carbon credits. The project’s ledger system would play significant roles in helping countries attain their carbon emission goals.

The blockchain of which the project is premised would be vital in transparent trades and in ensuring effective utilization of resources. This time, political undertone and maneuver of carbon credit scheme would not surface as CarbonChain is determined to rid bad eggs that had disrupted workings of carbon credits and attainment of carbon emission goals.

CCX – A Platform to Trade Carbon Credits
In traditional formation, carbon credits were obtained at high rates because of their centralization in the hands of few. Before now, CarbonChain had invested in carbon mitigation projects and had contributed its quota (financial-wise) to their success. The success of its funding of these projects would feature in its procurement of carbon credits in large quantities.

These would later be traded at reduced costs on its Carbon Credit Exchange (CCX). On the exchange, CarbonChain is looking at decentralized carbon credit marketplace where interested investors, businesses and governments can come in to purchase credits for their carbon emission programs. This in no small measure would cut down hiked prices on centralized platforms offering same service.

Paris Agreement and CCX:
The United Nations had earlier charted a course that delegated carbon emission controls expected from countries. At the time, the Kyoto Protocol was in full force. However, as the protocol rounds off in 2020, the UN had found alternate carbon emission and regulation in a new charter enthroned in 2018, Paris Agreement.

This was meant to be a way of cutting down costs of carbon credits and the Carbon Credit Exchange fits into the future the agreement is working at. While reducing carbon credit costs, CarbonChain through CCX, allows countries access to credits at low costs and would compete favorably with the Paris Agreement when the latter gets in force.

Acquiring Carbon Credits:
CarbonChain had taken time to develop a token that would serve as decentralized payments for carbon credit acquisition. The Carbon Chain Token (CCT) available for use on the project’s ecosystem and marketplace as payment instrument allows users to acquire some carbon credits in exchange for some portion of the token.

Though CarbonChain supports use of cryptographic and fiat currencies as payments, it however offers incentives for transactions through CCT. The idea was to increase the market value of the coin. Hence, users will part with 30% of the CCT token and make it up with 70% fiat or crypto currency before getting issued carbon credits.

Milestones :

Allocation of Tokens :

Token Sales Information :

CarbonChain’s Team :

Advisors :

Final Thoughts:
CarbonChain’s tailored solutions to carbon credits are one that must be welcomed especially at this time when the blockchain is making in-roads to many industries. Its solutions will be seen as healthy competition with the Paris Agreement when the latter becomes functional.

In a nutshell, CarbonChain is a decentralized means of bringing solutions to already-fragmented carbon credit distribution.

CHECK OUT THESE USEFUL PROJECT LINKS FOR CARBONCHAIN
website : https://carbonchain.org
Whitepaper : https://carbonchain.org/wp-content/uploads/Carbon-Chain-White-Paper-21-Aug.pdf
Pre-sale link : https://carbonchain.worldkyc.com
Facebook : https://m.facebook.com/CarbonchainInternational/
Twitter : https://twitter.com/carbon_chain

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