Friday, January 27, 2023
BTC NOON
  • Home
  • News
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • BNB
  • DeFi
  • NFT
  • Luna Crash
  • Regulation
No Result
View All Result
BTC NOON
No Result
View All Result
Home Blockchain

Flowcarbon And ALLCOT To Launch First Blockchain-Native Carbon Project

Artem Bogdanov by Artem Bogdanov
September 14, 2022
in Blockchain
0
Flowcarbon And ALLCOT To Launch First Blockchain-Native Carbon Project
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Carbon reduction specialist Flowcarbon is joining forces with carbon project developer ALLCOT to create what will be the first blockchain-native carbon reduction project.

The intention of this recent partnership is to provide project developers, stakeholders and buyers with a range of benefits that were previously thought unfeasible.

Blockchain offers inherent transparency and traceability, which makes it so attractive for the purposes of carbon crediting.

Hence, the partnership between ALLCOT and Flowcarbon aims to leverage these qualities of blockchain technology to develop a new generation of tokenized carbon credits.

ALLCOT has been in the market of offsetting CO2 emissions and creating strategies to reduce greenhouse gas (GHG) emissions for over a decade now and has 59 projects behind its belt in 16 countries around the world. 

Relevant: First Crypto Token For Carbon Credits Is Here!

The company’s projects are responsible for offsetting some 17 million tons of carbon dioxide annually. 

On its part, Flowcarbon will provide the technological foundation for one of ALLCOT’s nature-based carbon projects, thus enabling a novel way for project data to be the focal point of listing, trading and retiring carbon credits. 

Both sides are already hard at work with local stakeholders to launch the first project, the goal of which is to secure funding and preservation of natural carbon sinks in South Africa. 

That aside, the project will also serve as an example of how blockchain platforms can help solve a number of issues with the present carbon market structure, particularly where price transparency is concerned. 

Read more: Flowcarbon And Moola Market To Give Carbon Credits Financial Utility



Source link

RELATED POSTS

Courts Approve Alternative Service Via Twitter and Blockchain in Cryptocurrency Cases | Akerman LLP

Simba Chain to Offer Blockchain Platform to Agencies via Air Force Deal

Tags: ALLCOTBlockchainNativeCarbonFlowcarbonLaunchproject
ShareTweetPin
Artem Bogdanov

Artem Bogdanov

Related Posts

Courts Approve Alternative Service Via Twitter and Blockchain in Cryptocurrency Cases | Akerman LLP

Courts Approve Alternative Service Via Twitter and Blockchain in Cryptocurrency Cases | Akerman LLP

by Artem Bogdanov
January 26, 2023
0

Recent decisions permitting service of documents via social media and blockchain technology illustrate how the courts are fashioning solutions to...

Simba Chain to Offer Blockchain Platform to Agencies via Air Force Deal

Simba Chain to Offer Blockchain Platform to Agencies via Air Force Deal

by Artem Bogdanov
January 26, 2023
0

Simba Chain has partnered with the Air Force Installation Contracting Center to enable federal agencies to access the former’s blockchain...

HashCash Ranked The Top Blockchain Development Company by a Tech Research Firm

The Top Blockchain Development Companies In January, According To DesignRush

by Artem Bogdanov
January 26, 2023
0

Global blockchain spending is predicted to reach $19 billion in 2024. DesignRush identified the top blockchain development companies that help...

WEF digital asset head expects real-world blockchain adoption in 2023

WEF digital asset head expects real-world blockchain adoption in 2023

by Artem Bogdanov
January 26, 2023
0

Changpeng Zhao, the chief executive officer of Binance, the world’s biggest crypto exchange, said in a talk at Davos that...

Should You Buy Innovation Blockchain Payment (IBP) Wednesday?

Should You Buy Innovation Blockchain Payment (IBP) Wednesday?

by Artem Bogdanov
January 26, 2023
0

Innovation Blockchain Payment receives an average short-term technical ranking of 39 from InvestorsObserver data analysis. The proprietary ranking system focuses...

Next Post

Merriam-Webster throws shade on Ethereum

SFC Allows HashKey to Manage Funds Comprising 100% Crypto

SFC Allows HashKey to Manage Funds Comprising 100% Crypto

RECOMMENDED

Sen. Cruz Champions Cryptocurrency with the Reintroduction of the ACCEPT Resolution

Sen. Cruz Champions Cryptocurrency with the Reintroduction of the ACCEPT Resolution

January 26, 2023
Critical Hit? Dungeons & Dragons-Inspired Web3 Game Pivots Amid NFT Ban

Critical Hit? Dungeons & Dragons-Inspired Web3 Game Pivots Amid NFT Ban

January 26, 2023

MOST VIEWED

  • Donald Trump’s NFT Card Collection Sells Out In Less Than A Day

    Donald Trump’s NFT Card Collection Sells Out In Less Than A Day

    0 shares
    Share 0 Tweet 0
  • Destiny 2: Season of the Seraph Warmind Node locations

    0 shares
    Share 0 Tweet 0
  • How Did Sam Bankman-Fried’s Alameda Research Lose So Much Money?

    0 shares
    Share 0 Tweet 0
  • Project Cedar: Improving Cross-Border Payments With Blockchain Technology

    0 shares
    Share 0 Tweet 0
  • Could USDT Crash Like Luna? Here’s 3 Safe Options

    0 shares
    Share 0 Tweet 0

Recent News

Sen. Cruz Champions Cryptocurrency with the Reintroduction of the ACCEPT Resolution

Sen. Cruz Champions Cryptocurrency with the Reintroduction of the ACCEPT Resolution

January 26, 2023
Critical Hit? Dungeons & Dragons-Inspired Web3 Game Pivots Amid NFT Ban

Critical Hit? Dungeons & Dragons-Inspired Web3 Game Pivots Amid NFT Ban

January 26, 2023
Web3 Loyalty Programs Are Catalyst for Good Crypto Policy and Adoption

Web3 Loyalty Programs Are Catalyst for Good Crypto Policy and Adoption

January 26, 2023

Category

  • Altcoin
  • Altcoins
  • Bitcoin
  • Blockchain
  • BNB
  • DeFi
  • Ethereum
  • Luna Crash
  • News
  • NFT
  • Regulation

Follow Us

Find Via Tags

altcoin Altcoins analyst big Binance Bitcoin Blockchain BNB BTC buy Cardano Chain Coin Crash Crypto Cryptocurrency DeFi Digital dogecoin ETH Ethereum Exchange Eyes Finance FTX heres investors Launches Luna Market Merge News NFT NFTs Platform Prediction Price Protocol Regulation Solana Token Top Trading Week XRP

© 2021 BTC Noon

No Result
View All Result
  • Home
  • News
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • BNB
  • DeFi
  • NFT
  • Luna Crash
  • Regulation

© 2021 BTC Noon