Climate and sustainability are among the defining issues of the 21st century. Carbon markets can support last-mile efforts to hit 2030 targets while helping ecological projects scale. So where does blockchain fit in?
Blockchain can support global climate goals and bring transparency and verifiability to carbon credits. This technology can help verify if project are actually sequestering or removing carbon from the atmosphere. Because of the transparency and immutability of blockchain technology, carbon credit data stored on a blockchain can reveal if the carbon sequestered has high-impact for the planet, if that credit has already been sold and myriad other key pieces of information to ensure the authenticity of carbon markets.
Take a sneak peek as we explore the benefits that the XRP Ledger can bring to carbon markets.
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