CREATING FULLY DISCOVERABLE AND AUDITABLE ESG ASSETS
The goal of the blockchain within the Voluntary Ecological Markets industry is to leverage tokenization, contractual extensions, workflows, and analytics for creating a standards-based ecological market to create an auditable ecosystem. Following the Voluntary Ecological Market (VEM) Taskforce, we chose to use a broad definition of ecology rather than just carbon, as the same techniques and instruments defined for carbon can be repurposed for other ecological benefit types like water. We support the entire voluntary ecological market lifecycle such as creating Verified Supply, Establishing Voluntary Demand, Buying & Trading, and Offsetting.
Voluntary Ecological Market Use Cases
Carbon Credits & Offsets
Carbon credits & carbon offsets, are intangible assets created by owners of carbon emissions reduction or removal projects. Carbon credits and carbon offsets can be tokenized based on the many standards that are already in existence. Those tokenized credits and offsets are called Verified Supply. They can be purchased or sold on the voluntary market to decrease or offset a buyer’s carbon footprint.
Tracking Emissions and Reporting
Most organizations participating in the voluntary market are setting goals and reporting their carbon emissions. Emission standards like the Greenhouse Gas Protocol record a summary of Scope 1, 2, and 3 emission goals, forecasts, and reporting. It is possible to tokenize emissions based on the standards which make for more accurate reporting. This is called Verified Demand. Netting of owned credits to offset reported emissions will result in effective emissions to track progress for participants in the voluntary market.
Buying & Trading Verified Supply with Verified Demand
To establish a clear demand signal to suppliers of carbon credits & offsets (for monetization of credit and offset tokens), a detailed forecast for the type of offsetting the buyer who created verified demand will engage in can provide details about purchasing preferences offset type, geographical location, etc.
MODERN CLOUD SOLUTIONS
Public Blockchains We Use
PRIVATE & CONSORTIUM BLOCKCHAINS WE USE
Envision Blockchain Solutions builds applications for the Web3 space. Our mission is to reshape and align today's systems allowing organizations to recognize the new value in tomorrow's Industry Vertical Solutions. The management team has years of Fortune 500 experience and has built a team of subject matter experts in Web3 and Business Transformation Processes. We focus on guiding organizations through 3 major milestones on their Web3 journey: Use Case Analysis, Proof of Concept Development, and Scaled Deployments.
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