What could be more important than the air we breathe? It is the primary element that holds all life, on Planet Earth; it makes organisms not just survive, but thrive. After all, isn’t the oxygen we use the foundation of human existence? However, climate change represents one of the greatest risks of today - it threatens all life, as we know it. Green (or renewable energy) doesn’t seem to be able to solve this complex issue, due to multiple reasons. Read in today’s article how can we use the latest technology to rethink the way carbon credits should be allocated!
Zero Carbon Project has decided to approach the climate change problem from a whole new perspective? How? It aims to use the blockchain and international carbon credits.
A short background of today’s renewable energy systems and mechanisms
Until now, green energy has managed to offer satisfactory solutions to the climate change challenge. Nonetheless, almost all of can agree on some issues that it still has: renewable energy is too expensive! That is why its impact, on a global level, is yet so slow (and small). Zero Carbon Project has set a bold goal - to deliver quicker mitigation of carbon emissions.
How will it be able to obtain this result? By providing lower prices than both renewable energy and fossil fuels!
This platform has also created a different mechanism to reach these results: a blockchain driven economy, that
- guarantees meaningful incentives
- Is a catalyst for consumer action
The first component of this system offers an intensely competitive zero-carbon market which delivers price reduction while moving consumers to zero carbon energy, offset by international carbon credits. Second of all, the blockchain economy it creates is founded on Energis tokens. These unique tokens have been conceived so they can collect the future utility value that is received by consumers; it manages to do so by utilizing the distributed ledger of Ethereum smart contracts and the crypto exchanges.
Energis tokens are underpinned by concrete value as energy have to use these coins in order to pay for their transaction fees (in using the Zero Carbon Marketplace). As much as 70% of these funds collected during the transactions are recycled back to the platform’s consumers, as special rewards. After they have received these coins, customers are allowed to use third-party crypto exchanges to sell Energis tokens back to the energy suppliers who are purchasing them to pay the transaction fees.
In time (as more and more individuals will join this platform), the demand for Energis tokens will increase, constrained by a fixed supply. Until now, Zero Carbon Market has been constantly developing in multiple directions:
- the team
- the services to be provided to the public
- the software
- Involving energy suppliers
The first market to adopt this system is the UK Market - it is ready for launch in October 2018. In 2019, there will also come a global unveiling.
**Got Questions? **
To learn more about this concept or even get involved, you can visit the official Zero Carbon Project anytime at https://www.zerocarbonproject.com/.