ZUG, Switzerland, Sept. 20, 2022 /PRNewswire/ -- Concordium is proud to raise the bar for carbon credits and announce a partnership with Carbotanix (CTX), one of the most data-driven carbon offsets on the market.
In an effort to restore trust in the offset process by making it data driven and transparent, Carbotanix's carbon offset token is going to be built entirely on the Concordium blockchain, the world's first, science-backed blockchain with an ID-layer at the protocol level designed with sustainability and governance in mind.
Developed through remote sensing and continuous monitoring, Carbotanix provides one metric tonne of CO2 offset while Concordium's identity framework makes it possible for the first time to trace ID back to the source.
This innovative solution, which combines remote sensed data with blockchain technology to ensure a new level of trust, was devised to combat greenwashing practices like double-counted credits, which is essential to achieving net-zero...
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