We Leveraging Cutting-Edge Technologies For Climate Action

Create a Carbon Credit Tokenization

Imagine a tangible token, like a coin, representing the reduction of one ton of carbon dioxide (CO2) emissions. This token called a carbon credit, is created when CO2 emissions are captured, storedand verified by a third-party organization. Each carbon credit token is unique and linked to specific details about the emissions reduction, such as its location and date.

These tokens are then made available for purchase on a blockchain, a secure digital ledger that tracks all transactions. The market determines the value of a carbon credit token, reflecting the demand for carbon offsets.

Once purchased, a carbon credit token can be used to offset the owner’s own CO2 emissions or sold to others. The validity of each token is constantly verified on the blockchain, ensuring its authenticity and preventing double counting of emissions reductions.

Addressing the Challenges of Carbon Accounting

Carbon credit tokenization addresses several challenges in traditional carbon accounting methods:

Transparency: Blockchain technology provides a transparent and verifiable record of each carbon credit’s origin, qualityand specific emissions reductions. This allows buyers to accurately assess the value of the credits they purchase.

Double Counting: The blockchain tracks the ownership and usage of each carbon credit throughout its lifespan, preventing the same credit from being used multiple times to offset emissions.

Ownership: Transacting carbon credits on a public blockchain ensures that ownership of each token is clearly defined and easily traceable. This protects the rights of carbon credit holders and prevents fraudulent claims.

A Convergence for Climate Action

The tokenization of carbon instruments represents a significant step forward in addressing climate change using market mechanisms. By leveraging blockchain technology, we can enhance transparency, prevent double countingand protect ownership rights, ultimately leading to a more effective and efficient carbon market.

Our Progress…

Now, we are in a stage where Issuing a certification as an NFT (non-fungible token), involves creating a digital representation of the certification and storing it on a blockchain. This makes NFTs ideal for storing and verifying certifications, as they cannot be forged or tampered with.

How do you receive the certificationand how do we issue it as an NFT on Blockchain?

Step One:

Create the certification: After completing your purchase, you will receive the payment receipt in your email immediately. Then, we offset the carbon credits on behalf of your company.

Step two:

Mint the NFT on Polygon: Minting an NFT is the process of creating it on the blockchain. This involves creating a transaction that links the digital certification to the blockchain.

Step three:

Distribute the NFT and send you the certification: Once the NFT has been minted, we distribute it to the buyers. This can be done by sending the NFT to your NFT wallet, and we will provide you with a digital document certification attached in a separate email within, in most cases, 1 hour or 24 hours max. The certification includes all relevant information, such as the entity name, the date of issue, the name of the issuing organizationand the number of tonnes/credits that have been offset. Also, you will have a link to the Blockchain NFT information, such as Contract Number, Contract Creator, Token Tracker, and Total Transactions.

Please note that having a blockchain wallet is unnecessary, as we store the metadata for your certifications on our decentralized storage platform (IPFS). All your certifications are stored in your account safely and accessed anytime.

Why Polygon?

Polygon’s native token is MATIC, which is used to pay transaction fees, stake MATIC to earn rewards and participate in governance. Polygon is a popular choice for developers who want to build DApps on Ethereum because it offers fast transaction speeds, low transaction feesand compatibility with Ethereum.

Polygon addresses the scalability limitations of Ethereum by using a combination of sidechains and optimistic rollups. This allows Polygon to process transactions much faster and more efficiently than Ethereum while maintaining a high security level.

Polygon is considered to be an eco-friendly blockchain platform due to its use of energy-efficient consensus mechanisms. Unlike Ethereum, which uses the energy-intensive Proof-of-Work (PoW) algorithm, Polygon uses a combination of Proof-of-Stake (PoS) and Proof-of-Authority (PoA) algorithms. These algorithms are much more energy-efficient than PoW and help reduce Polygon’s carbon footprint.

In addition to its use of energy-efficient consensus mechanisms, Polygon is also committed to sustainability through other initiatives, such as its partnership with the Climate Neutral Data Center Alliance. This partnership helps to ensure that Polygon’s network is powered by renewable energy sources.

Overall, Polygon is a promising blockchain platform that is making strides towards sustainability. Its use of energy-efficient consensus mechanisms and its commitment to sustainability make it a good choice for our platform, which is looking for an eco-friendly blockchain.