Most individuals who subscribe to a scientific worldview know the tremendous harm that climate change has done to the planet. Even with the strenuous efforts that are now being undertaken to reduce carbon offset, our efforts are still quite a fair bit short from the actuality end of things.
While we may buy the occasional LED bulb here and there, it is quite a different story to tackle emissions that have been measured to be tons by making such small changes. To put things into perspective, readers should know that a single flight between New York to Denver releases CO2 emissions that are comparable to driving a car 7,500 miles a year.
As a consequence of this, many market experts have thought of a novel way to help provide users with incentives so as to allow them to make more environmentally friendly choices
What Is CarbonX?
CarbonX can be thought of as an all new “loyalty program” that has been founded on the blockchain network. In terms of its operation, we can see that it runs buy purchasing carbon offsets under a United Nations-backed program called ‘REDD+.’
This program is not very well known to the masses, but is available for use by investors who are keen on exploring such an avenue. This certification allows for the validation of certain gases that are then actively reduced from forests and surrounding ecosystems through the promotion of remediation projects around the world. So in its essence, CarbonX basically works to convert these credits into a cryptocurrency.
The token that has been released by CarbonX is called CxT, and is available for any retailer, manufacturer, investor who wishes to use them in order to ‘incentivize consumers to make more sustainable choices’. According to the official company website, the aim of the organization is to “Combat climate change via the use of Blockchain technology”.
Addresses Important Global Issues:
CarbonX aims to reduce the impact of climate change, which is one of the most potent threats to the globe as a whole. The technology aims to engage millions individuals from across the plant to help come together and fight against this global threat.
Easy To Use:
As mentioned in the legal documents (which can be viewed online), CarbonX aims to ‘recast’ the Certified Emission Reduction Credits (Offsets) into ERC20 tokens and distribute them via the use of a special ‘mobile rewards program’. This program has been devised in order to help provide average customers with incentives so that they make environmentally friendly choices.
What Are People Saying About CarbonX?
The media has been abuzz ever since the launch of this project. CarbonX has received positive feedback from all circles, including people like Don Tapscott who said “It turns out the “killer app” for blockchain may be saving the planet, literally.” Dan is the co-founder and executive chairman of the Blockchain Research Institute.
In addition to this, his credentials include being a published author of the bestselling book ‘Blockchain Revolution’. In a similar vein, Joseph Lubin, who is the co-founder of Ethereum said that, “As one of the fastest growing companies working on Ethereum, a platform that is poised to reformat how the world organizes itself.
CarbonX has the potential to incentivize behavior that contributes to environmental sustainability, and is an excellent example of Ethereum-based technologies poised to make positive change.”
All interested users can get on the official company website and sign up for the newsletter to stay abreast with all the latest happenings. In addition to this, users can also email their queries directly to company team members so as to alleviate any concerns that they might have about the platform.