CarbonChainTM aims to develop its own blockchain ledger for carbon reduction projects – such as wind farm, solar park etc.
This will help countries to ‘prove’ to the rest of the world how they are achieving their climate change targets in the Paris Agreement.
CarbonChainTM has created an incentivizing global carbon emission reduction program that allows every citizen in the world to take part in the trading of carbon credits and thus allow the development of such a block chain system. This technology will be an ‘evidenced based system’, that can be used to determine what, where and when benefits towards climate change happen and ‘prove it’.
WHAT WE DO IN A NUTSHELL
CarbonChain monetizes the future carbon credit value on carbon reduction projects using a crypto currency called ‘CarbonChain’ and registers new projects with the United Nations which enable liquidity in the business cycle
Registered projects can generate carbon credits for up to 28 years. Because of the Paris Agreement commencing in 2020, the projected value of carbon credits is expected to increase exponentially (see graph).
All sales of carbon credits from the Company are traded in CarbonChain Tokens; 30% of which have to be purchased from token holders via Crypto Exchanges ensuring constant trading of the token.
CarbonChain is developing a blockchain system that will ensure that full accountability for the life of the carbon credit is monitored, thus ensuring no double accounting takes place whilst providing an evidence based blockchain ledger.
On an annual basis, token holders are offered the 30% traded tokens back, at a transaction cost only fee.