- We tokenize carbon offsets to make them available for the web3 ecosystem ?
- Technically, our Solidity modifier can be integrated to any smart contract to calculate and automatically offset the emissions associated with its execution, and a JavaScript API allows dApps to interact with our smart contracts to offer their users carbon offsetting ✨
- This is only the beginning: we have a bold long-term vision for democratizing and increasing transparency along the carbon offset value chain, creating a carbon-neutral web3 and beyond ?♂️
What positive social or environmental do you aim to generate?
We aim to reduce the carbon footprint of web3 users, applications, and smart contracts, and ideally in the future, web3 users as well.
What has your organisation enabled so far in quantified terms (e.g. 20% efficiency gain, 100 beneficiaries received aid in the past six months) and what are the next steps?
So far, we have built a testnet version of the application: https://www.co2ken.io/
Next steps are to construct a mainnet application and begin to scale to live users.
Why are you specifically using blockchain in your project?
In our eyes, blockchain is a technology which can be used to realign incentives within our flawed economic system. Our goal is to shed light onto the opaque interplay of intermediaries in the carbon offsets value chain today. Therefore, we are using it for: financial payments scalability, transparency of offsetting, and decentralized certification of offsets.
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