Voluntary carbon market

Web3 in Voluntary Carbon Markets

Why would we choose Blockchain or Web3, over existing technology? Today’s markets are running into a crisis of trust. This trust becomes harder to achieve when interests are not aligned, or where enough power is concentrated in a few hands. Welcome to the age of decentralized markets. The 21st century will be known as a time where we moved away from centralized market economies and towards ones that were more equitable, distributed, and sustainable. A primary reason for this shift is the empowerment and advancement of technology that we call Web3 and the minds behind this revolutionary new technology.

We want to place Web3 components where they are needed and not just because we can from a technology perspective. Let’s take a look into Voluntary Ecological Markets and discuss why Web3 can offer solutions such as immutability, tokenization, and decentralized identity to provide the feeling of guarantee to all participants in Voluntary (or required) Ecological Markets in order to achieve a complete auditable ecosystem which enhances trust.

Voluntary carbon markets

While there are both regulated and voluntary carbon markets, we will focus on the voluntary side for now. Voluntary carbon markets are a growing strategy for addressing climate change. Rather than being mandated by law, they rely on voluntary participation by individuals and companies who want to reduce their emissions and are markets for tradable carbon credits, which allow entities that reduce their greenhouse gas emissions to sell their remaining allocations to entities that cannot or do not wish to reduce their emissions. Voluntary markets can be thought of as a complement to mandatory markets such as cap-and-trade schemes, which set an overall limit on emissions and allow emitters to trade freely. Similarly, voluntary markets set no overall limit on emissions but provide a means for emitters to eliminate their excess allowances.

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About Envision Blockchain Solutions

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.

Envision Blockchain

ABOUT US

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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