Built on iov42, the Carbon Credit Ecosystem (CCE) allows carbon credits to be issued securely with end-to-end transparency, preventing fraud costing millions of dollars.
Across the globe, fragmented carbon markets with opaque processes, unclear accountability, and chaotic pricing mechanisms have led to an aura of distrust around carbon credits. This lack of trust compromises the ability of credit issuers to sell their credits and, ultimately, hampers urgent climate change mitigation.
The Carbon Credit Ecosystem (CCE) Global Blockchain is a dynamic and self-regulating system based on iov42’s blockchain technology. It integrates automated data, economic models, and authorized, third party verifying bodies to guarantee that the carbon credits being issued represent the highest standards in measuring, reporting, and verification.