• Authors

Suggested:

SDG Exchange Launches Blockchain-Based Carbon Credit Trading Platform


2021-11-0913028 Views
November 9 - SDG Exchange, the sustainable carbon credit marketplace, has announced the global launch of its platform, which aims to establish an efficient and transparent global carbon offset market during the ongoing COP26 conference, in accordance with Article 6 of the Paris Agreement. Carbon credits entering the SDGx Carbon Asset Monetization (CAM) market are registered on the blockchain, thereby eliminating current carbon market inefficiencies including double counting, double printing, and double spending. All transactions, escrow, and accounting are recorded publicly through a distributed ledger. Carbon credits can be retained as credits or transferred to digital International Transfer Mitigation Outcomes (ITMO) units, allowing the transfer of carbon credits between countries and markets worldwide. Asset trading is achieved through fiat currency, Bitcoin or Ether.





Navigation