A BLOCKCHAIN INCENTIVE SYSTEM PROMOTING ENVIRONMENTAL CONSERVATION

Everything that surrounds us constitutes the environment. It includes both living and non living things which could be in physical, chemical or other natural forms. Man's existence is absolutely dependent on the state of the ecosystem as he constantly interacts with his surrounding and adapts to environmental changes.

Where there are harsh environmental conditions like extreme weather, air pollution, natural disasters (flooding, earthquakes, hurricanes etc) they could be life threatening and could end the human race.

There is a dire need to preserve the environment for healthy living and longevity. Though there are existing problems which destabilize the ecosystem and deplete the environment. Most of the issues are often overlooked and not given due consideration.
It is essential for attention to be focused on air pollution caused by exhaust fumes and energy production.

Exhaust fumes alone have been traced to be the cause of many deaths around the world. The major fume emitters are cars followed by motor bikes which are greatly used in Japan and South East Asian States. Other activities that involve gas flaring and burning fuel are not left out

Exhaust fumes contain toxic particles like nitrogen, carbon dioxide, water vapour, carbon monoxide and other green house components. These dangerous gases get mixed up with the air we breathe and become harmful to human health. It binds to the hemoglobin in the blood leading to terminal illness like cancer. Children are the most vulnerable in the whole dilemma. Many of them suffer from respiratory related infections which could lead to untimely death.

Most of the methods of producing energy cannot guarantee a sustainable ecosystem. The efforts being put to handle these problems are slow because of the high demand for energy. It will be more effective to introduce an innovative and incentive driven system that can comfortably promote the green movement.

The solution is for government and industrialists to embark on strong advocacy and rigid implementation of the use of clean energy sources and electric vehicles which will eventually fizzle out vehicles and energy production methods that involve burning fuels.

One important aspect of the climate that we must salvage is the conservation and preservation of threatened forests. This will go a long way in benefiting animals, people and other areas that depend on forests. Attaching value to the forest will automatically be an effective way of protecting and preserving them.

Nations of the world gathered together under one roof and established the Kyoto Protocol which places restrictions and sanctions on countries that release carbon dioxide into the atmosphere. Through the United Nations CDM (Clean Development Mechanism) project, carbon credits were introduced.

Carbon credits place a price tag on carbon reductions thereby motivating individuals and firms to check the impact of their business activities and decisions on the environment. Carbon credits make more visible the cost of decisions and outcomes that are arrived at daily.

Carbon Chain offers a blockchain platform that allows individuals from any part of the world the opportunity to participate in the fight against global warming; through its Carbon Chain Token (CCT). With the coming of the much revered Paris Agreement, various countries are modeling tax mechanisms that will pay for carbon emissions and also show the rest of the world how they are meeting their national contributions as agreed.

The core values of the Carbon Chain project include transparency, innovation, sustainability and integrity, they are the laid the foundation for Carbon Chain. The project is solution oriented and is poised to solve a real global issues in a pragmatic and sustainable manner.

Carbon Chain operates on the open ledger blockchain technology which enforces countries to show evidence to other nations around the globe of how they are implementing their part of the bargain as required by the Paris Agreement.

Carbon Chain offers a platform for investors to purchase and get carbon credits by participation in registeration and issuance cost of mitigation projects. As a result of its blockchain run E-wallet and the Carbon Chain Token (CCT), Carbon Chain has the capacity to execute Carbon Credit selling orders at a discount. Every CCT holder can also take part in trading their tokens for Carbon Credits on the Carbon Chain Exchange (CCX).

The Carbon Chain Token (CCT) is an ERC20 compatible token designed specially on the Ethereum blockchain which will be used as the primary exchange cryptocurrency on the Carbon Chain trading platform. The Carbon Chain E-wallet will be a storage for the Carbon Chain Token (CCT) along with the Carbon Chain Project Token (CCPT). The CCPT will be determined by Carbon Credit trades, and 1 CCPT will have the same value as 1 CCT.