CarbonChain aims to develop its own blockchain ledger on carbon reduction projects – such as a wind farm, solar park etc. in order to assist countries to prove to the rest of the world how they are assisting towards their climate change targets in the Paris Agreement 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.
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’.
CarbonChain’s vision is to create a highly secure and highly scalable decentralized blockchain infrastructure for next generation carbon trading. We intend to make it possible for anyone in the world to participate in the ecosystem through the CarbonChain Coin (CCC). CarbonChain will proportionally distribute 30% of generated revenue from Carbon Credit sales to token holders and supporters of our project. Countries all over the world are introducing a Carbon Tax or Cap and Trade system and this is an ideal mechanism to secure a tax and carbon offset in accordance with their commitments to the Paris Agreement.
Carbon Chain’s mission is to create a platform using blockchain technology that allows any citizen in the world to participate in changing the unprecedented crisis that is climate change. We intend making it possible for anyone in the world to participate through the CarbonChain Token (CCT).
Countries all over the world are introducing a Carbon Tax or Cap and Trade system and this is an ideal mechanism to secure a tax and carbon offset, whilst ‘proving’ to the world how Countries are achieving their National Determined Contributions as agreed to under the Paris Agreement.
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