Carbon Emissions Trading Blockchain Project Raises $45M

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Blockchain-project-for-carbon-emissions-trading-raises-$45-million

A particularly interesting blockchain project was able to because of its attractive positioning raise additional funding of USD 45 million from some major investors. The service is slated to be publicly available later this year, with a lot of preparatory work and tests with well-known cooperation partners have already taken place have. The following article is intended to show in more detail who is among the investors, which problems the project addresses and which solutions it offers.

Carbonplace raises an additional $45 million in funding

The blockchain project carbonplacewhich refers to the Trading in CO2 certificates has been able to raise additional funding of USD 45 million. Among the investors are among others several major banks, such as BNP Paribas, UBS, SMBC, National Australia Bank, BBVA CIBC, Itaú Unibanco, NatWest and Standard Chartered. The financial institutions are there all invested equally in Carbonplace.

With the new funding, the fintech company now wants to Develop platform further and hire additional staff. That’s how it’s supposed to be Range scaled and customer base expanded which include global financial institutions and stock exchanges. About these should also Partnerships with other participants in the carbon market expanded as registries and marketplaces around the world.

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What problems does Carbonplace address?

The Paris Agreement aims to limit global temperature rise to 1.5°C. However, for this to be possible, fast avoided as many greenhouse gases as possible, reduced and removed. In this context, the voluntary carbon emissions market is becoming increasingly important play in the transition to a carbon neutral economy.

However, this cannot grow fast enough to meet the growing demand. Because so far it was Bilateral trade has been slow, opaque and risky, which has hurt market confidence. The new blockchain project for carbon emissions trading now wants to change these problems.

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What solutions and benefits does Carbonplace offer

What solutions and benefits does Carbonplace offer

The vision of the British company Carbonplace Limited lies in its own Carbon emissions system, like the SWIFT system is for the banks. The aim is to strengthen trust in the market and thus ensure greater distribution. Carbonplace partnered with the Climate Impact X carbon exchange.

Carbonplace wants to enable users to Transmit emission data in real time as well as there secure and traceable transactions be guaranteed. So that should Reduced risk of double spending and the Reporting simplified become. In this regard, it is planned that there will be carbon credits managed from creation to retirement.

In addition, Carbonplace takes care of KYC (Know Your Customer) and AML (Anti-Money-Laundering), so buyers and sellers can trust each other. are there all details about the emission credits can be viewed and can be compared to others. This should also ensure greater price transparency on the market.

So far there are already some Tests with cooperation partners such as Visa and Climate Impact X are carried out. Carbonplace uses its own for its own service Distributed ledger technology related to digital wallets. Carbonplace’s services are scheduled to start this year.

The transactions can executed simultaneously and immediately become. In addition, Carbonplace should also connected to a variety of exchanges, marketplaces and registries around the world be.

To reduce carbon emissions, Carbonplace wants invest in various climate-friendly projectssuch as reforestation or innovations in carbon sequestration.

There is one great potential for Carbonplace and similar projects. Because according to one McKinsey study The market for voluntary emissions trading is expected to grow in the coming years due to higher demand. With one Increase by a factor of 15 expected.

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Alternative for Carbonplace

C+Charge CCHG

Another exciting blockchain project in the field of sustainability is C+Charge. This is a P2P payment network for electric car charging stationsin which the users CO₂ saved compensated with every charging receive. In this way, monetary incentives are also offered, which motivate climate protection and ensure greater dissemination and greater justice. The payment network, thanks to OCCP particularly compatible and can be used with almost all previous charging stations be. Different billing and payment standards and incompatible subscription models will then become obsolete.

Instead it should Analysis and maintenance system from C+Charge also enable remote maintenance, eliminating weeks of outages and demotivating user experiences, which in turn are detrimental to EV adoption. Users can also use this to Show available and functional charging stations and you can also see how long they are expected to be occupied.

Despite the bear market, C+Charge was able to numerous partnerships for impressive sales figures in its recently launched presale. Within which timely Investors still secure up to 62% book gains in less than 7 weeks plus downside protection over the pre-sale period. In this context, the tokens are for Prices between $0.0130 and $0.0235 available. Overall he should Pre-sale runs until March 29th, unless it is sold out before then due to high demand.

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About the author: Simon Feldhusen first came into contact with the stock market 16 years ago and has been dealing intensively with trading, cryptoassets, shares, finance and entrepreneurship on a daily basis for more than 7 years. He has also been working as a copywriter and ghostwriter in the financial sector for several years.

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