Non-fungible tokenized
Digital Carbon Credits
All of our carbon credits are generated by the amount of solar electricity produced by our Agrisolar Farms. We record every kWhr of solar electricity on a blockchain that can be directly traced to one MTCO2e tokenized carbon credit that is minted as an NFT.
Carbon Credits: Combating Climate Change
A carbon credit is a tradable certificate representing the right to emit a specific amount of greenhouse gases (GHGs), specifically carbon dioxide (CO2) or its equivalent (cO2e). It is used as a market-based mechanism to incentivize emissions reduction and promote sustainable practices in the fight against climate change.
The primary challenges in the carbon credit offset market is ensuring the credibility and integrity of the offset projects. Verifying the actual emissions reductions achieved by projects and preventing double-counting or fraud can be complex and requires robust monitoring, reporting, and verification mechanism not yet created… until now.
Blockchain-Powered Carbon Credit Platform for Agrisolar Farms
Blockchain technology uses a decentralized ledger to record data and transactions, thus fostering a high level of transparency that is accessible to all the public. This transparent structure makes it ideal for facilitating carbon credit trades and pooling together buyers for carbon offset initiatives.
Additionally, our platform, which is based on blockchain technology, excels in providing secure and efficient solutions specifically designed for carbon credit markets. The technology’s use of a tamper-proof and cryptographically secure distributed ledger ensures the reliable creation and tracking of carbon credits. Because of their open accessibility, blockchains enable easier participation for smaller businesses, effectively democratizing the carbon trading industry.
Our Digital Carbon Credits Fund Our Agrisolar Projects
Tokenizing carbon credits and selling them as forward contracts on the blockchain is an innovative way for us to leverage the power of decentralized finance to combat climate change. By tokenizing these credits, we can sell them to investors interested in offsetting their carbon footprint, and the funds raised will be used for our Agrisolar project. This approach is a new FinTech financing mechanism that allows us to lift double small-scale farmers annual income.
Four Step Process
Carbon Credit Digitalization
Using AI and blockchain technology, we precisely calculate the carbon credit potential of each agrisolar project, we then convert the carbon credits into digital tokens, sell them as forward contracts, and ultimately fulfill the contracts as our agrisolar projects become operational.
- Calculate Carbon Credit Potential
We determine how many carbon credits each agrisolar project generates every year using Artificial Intelligence software to assess each agrisolar project’s carbon offset potential.
- Mint Carbon Credit Tokens
We convert the quantified carbon credits into digital tokens through the use of blockchain-based smart contracts.
- Buy Carbon Credits as Forward Contracts
We market these tokenized credits as forward contracts on a decentralized marketplace, drawing in investors interested in carbon offset futures.
- Fulfill Contracts Then Retire Carbon Credits
Upon the realization of the projected carbon offsets as our agrisolar projects become operational, we retire the corresponding credits, thereby satisfying our commitments under the forward contracts.