Web 3.0 Technologies for a Sustainable Future
Impact Ledger harnesses DeFi principles and Web 3.0 technologies to democratize Climate Action and scale Carbon Finance.
While carbon offsets represent indispensable tools in the global effort to mitigate climate change, their transformative potential has remained hampered by long-standing issues. Meanwhile, Web3 and DeFi are transforming financial services with new inclusive, user-focused, and community-driven business models that are well positioned for the Digital age. The revolutionary tenets of blockchain technology, which form the foundation of DeFi and Web3, hold the potential to address numerous prevailing carbon market challenges. Web3.0 technology, with its inherent global reach, can help facilitate universal access to carbon offset projects and credits; a crucial feature as addressing climate change demands collective action from a global audience.
Impact Ledger blends the eco-centric realm of carbon offsetting with the avant-garde world of DeFi and Web3 to offer a cohesive platform for carbon finance. The platform enables three pivotal functions: The aggregation of tokenized carbon credits into thematic, interest-earning portfolios, represented as unique NFTs, a marketplace to purchase and offset, trade, or channel investments into these token-based carbon credit portfolios, and an on-chain register that provides an authoritative list of time-stamped and immutable records for transparency and accountability in carbon offset reporting.
For details, visit https://www.impactledger.com/
An integrated platform to help Central Banks and Financial Institutions holistically issue, distribute, and manage CBDCs linked to Carbon Credits and ESG Assets.
Central banks and financial institutions from across the world are actively exploring the use of Digital currencies to help solve long-standing challenges plaguing the financial system. Central bank digital currencies (CBDCs) offer, in digital form, the unique advantages of central bank money - settlement finality, liquidity, and integrity – while strategically representing money for the new digital economy. Meanwhile, adoption of carbon offsets which represent an indispensable tools in the global effort to mitigate climate change have remained hampered by long-standing issues. Despite their potential, voluntary carbon offset programs face several obstacles in achieving widespread adoption. Putting sustainability and efforts to mitigate climate change at the core of the financial system will address these issues and help magnify our collective impact to address one of the most pressing issues of our time. Crafting CBDC’s backed by ESG Assets and Carbon Credits will intricately weave sustainability into the financial ecosystem while ushering innovation in digital currencies. ESG-backed CBDCs will give banks an effective, future-oriented tools, allowing for the implementation of monetary policy in smarter and innovative ways for today’s modern ‘Digital’ era while natively championing sustainable practices across the financial landscape.
Carbon Coded offers an integrated platform to help Central Banks and Financial Institutions holistically issue, distribute, and manage CBDCs linked to Carbon Credits and ESG Assets. Collaboratively designed by the team at Blockchain Worx and experts from Barclays, the project aims to scales climate action by directly linking financial systems to positive environmental impacts while also offering a next-gen stable digital fiscal instrument to a diverse set of stakeholders. The platform operates on a Gen-3 Blockchain network, providing a robust, scalable, and programmable infrastructure with inherent privacy features, optimally designed for CBDCs. Programmable smart contracts seamlessly enable automation and facilitate settlements while a well-orchestrated set of distributed nodes provide a highly available network for all users. Carbon Coded is dedicated to integrating sustainability into the very fabric of the financial system, thereby amplifying our collective efforts to combat climate change. Let’s make the planet sustainable, one ESG-backed CBDC at a time!
To know more about the project, please visit https://www.carboncoded.com/.