ECO2 Ledger
Renewables & Environment - , ,
ECO2 Ledger Details
ECO2 Ledger is a public blockchain network designed to reduce carbon emissions in accordance with the goals of international climate change treaties, such as the Paris Agreement. The inherent properties of blockchain technology make data transparent, provide tamper resistance, and prevent double-counting. Through ECO2 Ledger, these properties can be utilized to enhance carbon markets by making carbon credit data more reliable and traceable, improving trading efficiency and market regulation, and reducing the costs of carbon credit validation, carbon credit transactions, market entry and market operation. Through ECO2 Ledger's innovative platform architecture, we seek to increase carbon credit liquidity, broaden participation in global carbon emission reduction, and increase levels of carbon neutrality.Admittedly, blockchain technology continues to have a considerable environmental impact through its energy consumption and carbon footprint, mostly related to Proof-of-Work and the cryptocurrency mining industry. For this reason, ECO2 Ledger has been designed to be completely carbon-neutral by making carbon offsetting a core feature of its Delegated-Proof-of-Stake consensus mechanism. Thus, ECO2 Ledger's blockchain architecture will allow it to be a net-zero carbon emission technology specifically designed for the international carbon market.In addition, as ECO2 Ledger is a public blockchain, 3rd-party developers are able to build sustainability-focused dapps (decentralized applications) as part of ECO2 Ledger's ecosystem. The APIs provided are relatively low-level and abstract, and can be freely combined to implement various applications. ECO2 Ledger is currently developing two dapps for personal carbon accounting (MyCarbon) and international carbon trading (VER Trade). For more info on our public blockchain, or how to develop dapps on ECO2 Ledger, please contact us at info@eco2.cc
ECO2 Ledger Technologies
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