Are blockchain and carbon credits the same thing?

Both blockchain and carbon credits are complex subjects and when you consider them in combination, the difficulty multiplies. For most organizations, reducing emissions is challenging and preventing any carbon emissions is currently impossible.

What is a blockchain & how does it work?

A blockchain is a digital database with information that can be publicly shared within a large decentralized network. It has been recently in the spotlight as tokenized carbon credits are on the rise. Organizations and companies use carbon credits to offset emissions when accounting for their carbon footprint.

Will a blockchain-enabled platform be able to trade carbon credits?

World Bank affiliate, International Finance Corp (IFC), announced its support for a blockchain-enabled platform to trade carbon credits. IFC wants to attract more support from institutional investors for climate-friendly projects in emerging markets.

What is a carbon credit and how does it work?

Buying a carbon credit gives the holder the right to offset one metric ton of carbon or greenhouse gas equivalent. In order to obtain an offset, the token must be destroyed. JustCarbon's platform will be administered by a decentralized autonomous organization (DAO), which means that no single entity or vested interest group will own or control it.