Blockchain Carbon Offset — A Prime Example of New Tech Fixing Old Problems

Climate change is real. Due to our over-dependence on fossil fuels, the air quality is degrading, and the world as we know is gradually warming up with every passing day. The situation is alarming, but unfortunately, there isn’t any undo button to reverse the damage. 

However, there is a mitigation strategy that companies are already exploring — carbon offset. Sounds fancy, but in reality, it’s just a way to balance the catastrophic effects of harmful carbon compound emissions either by planting trees en masse or by setting up renewable energy generation options like wind power projects, solar panels, hydroelectric power plants, etc. It makes up for the damage by increasing the planet’s green quotient elsewhere. 

One way in which institutions and individuals can expedite carbon offset is through blockchain technology. The ecosystem is replete with solutions to make it a truly holistic and transparent process. Let’s look at a few examples of how distributed systems are making the world a better place. 

How Are Blockchain Firms Helping Navigate Environment Issues? 

One such project — PlanetWatch — has leveraged blockchain to push the boundaries in carbon offsetting. The company has developed and deployed a global decentralized network of low-cost air quality sensors. 

Environmentally conscious organizations and individuals can utilize these sensors to validate, filter, and publish the data online through a mobile application in real-time. PlanetWatch’s blockchain network is one of the first global immutable ledgers for churning out historical air quality data.

Conglomerates and government organizations can use this data to assess the geographies that need “greening up” and proceed with the appropriate procedures.

Another blockchain technology-based firm to champion the environment’s cause is Global Carbon Holding (GCH). The underlying mechanism that the team at GCH designed tokenizes Carbon Credit assets, putting in place a global, transparent marketplace for transacting certified carbon offsets. The company holds certified carbon credits, registered with internationally recognized entities, and is guaranteed by the blockchain’s tokens. 

Team AIKON has not stayed behind either. Our commitment to the world and making it a better place to live is deeply ingrained in our ethos. 

How Is AIKON Giving Back to the Environment? 

We want to reduce the entry barrier for using blockchain technology apps for everyone and in an environment-friendly way. An example of this is our partnership with leading Proof-of-Stake (PoS) blockchain platform Algorand, through which businesses can help seamlessly onboard their users on the Algorand blockchain platform. 

Our decentralized ID management system, which provides easy access to a world of dApps with primary social logins (Gmail, Facebook, Twitter, etc.), utilizes a cent percent carbon-neutral cloud solution to store all the data, and that’s not all. 

AIKON has also partnered with Ecologi to significantly reduce our overall carbon footprint arising from blockchain usage. So far, our team has helped plant 826 trees and offset 50.48 tonnes of carbon dioxide!  

We are proud of this achievement, and it was all possible because of our synergistic collaboration with Ecologi. 

Furthermore, our CEO Marc Blinder has always been a staunch advocate of PoS-based consensus infrastructures over their Proof-of-Work (PoW) alternatives. 

Speaking about the adoption of a clean environment attitude among blockchains firms, Marc Blinder said:

Companies who want to keep their head above water — along with everyone else’s — have a moral imperative to deliver sustainable development.”

Overall, blockchain technology has proven helpful in driving the carbon offset and environment conservation movement forward. We consider ourselves very much a participant in this movement. 

With many more upcoming partnerships and product updates, we will fulfill our goal of setting the de-facto standard for planet-conscious blockchain adoption. We hope that many other organizations will forego pollution-causing protocols for environment-friendly options. 

Join us if you are a business that is looking to go green!  

_____

About AIKON

AIKON, a San Francisco-based VC-backed firm, was founded in 2017 to enable the digital asset economy and empower users from all over the globe by securing their personal information via blockchain. 

AIKON has developed the Open Rights Exchange (ORE) protocols to manage access to digital rights and access and has been enabling mainstream blockchain technology adoption with its ORE ID secure identity service and ORE Vault — shared wallet for teams. With its solutions, AIKON aims to foster a new era of secure identities that protects users and their data, powered by the blockchain. Follow us on Twitter or connect with us on Telegram!

Leave a Reply

%d bloggers like this: