The ecosystem for carbon credits involves multiple entities. A corporate is usually taxed for pollution, and seeks to purchase carbon credits. These credits come in various forms, the best being the ones accredited by GoldStandard.org. Corporates purchase carbon credits from NGOs who then invest in Sustainability projects which generate carbon credits.
The Carbon credit ecosystem lends itself well for blockchain Saenldf- tokenization. We spell out how the tokenization will work. sustaining ecosystem for green projects
- Enable everyday investors to invest in carbon credits easily thereby enabling greater participation.
- Greater participation will enable more carbon friendly projects and conversion of currently non-green ecosystems to become green.
- Bring about greater transparency in carbon credit generation and better auditability.
- Inculcating secure IoT and Blockchain in the solution using the NetObjex platform ensures a standardized measurement standard where current audits are primarily manual.
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