DAO’s Plan to Revolutionize Green Economy Through Blockchain
The fusion of the blockchain to climate action could not have come at a better time. DAO IPCI is a decentralized organization that aims to introduce an integral platform for climate initiatives on the blockchain. The platform intends to provide a blockchain ecosystem that allows everyone interested in climate change to join and help launch mitigation programs for the benefit of the environment.
A further task is that the platform aims to monetize the environmental assets in a course to raise funds for financing climate sustainability programs. The DAO IPCI plans to execute this through their DAO IPCI protocol, which will be the first carbon credit transaction on the blockchain. The concept expects to fuse with blockchain technology to facilitate carbon markets together with environmental assets.
DAO IPCI Benefits
Every player of the green economy is set to benefit from DAO IPCI and its token use. Whether a business, individual or green infrastructure company, the platform has proposed advantages to each of these interested parties.
One significant advantage is the ability to facilitate peer-to-peer financing of different green projects. Such an idea will help fund the green project in a secure manner and on a much global scale regardless of borders. Additionally, the platform is a pioneer in the use of blockchain to counter climate change. Consequently, this makes the platform a leader in helping to reduce the ecological damage on our environment.
The project is also set to improve the trust and quality of green assets since it will eliminate fraud and increase transparency of the green investments and their supply chains. Also, the blockchain use in environmental programs will boost the green economy due to the precise calculation of the ecological footprints and how to offset them.
The MITO token
The MITO tokens represent the crypto is use by DAO IPC within their ecosystem. An initial assessment portrays the crypto as an environmental unit of exchange based on a specific protocol. This makes the Mitigation tokens the core element in facilitating the integrity of the transactions within the ecosystem. The platform intends to use the tokens as a digital representation of the mitigation cost incurred such as the CO2 cost equivalent.
The MITO emission protocol predetermines the ERC20 token works on the Ethereum blockchain and each units' ratio. The protocol is used to ensure that there is a direct correlation between the current number of MITO emissions and the environmental units.
That is of course through the environmental units' registries. As a result, each increase in climate mitigation outcomes will have a long-term effect on the value of the DAO IPCI ecosystem and the Mitigation token.
DAO IPCI Conclusion
Most environmentalists would see great benefit in such a program. Still, the project is not for the climate expert only, and the plan was open from the start about on accommodating everyone who wants to fight climate change.
All-in-all, I would say this is a unique project that has great potential, especially in saving our environment. And if you are in search of a way to remove your carbon footprint then DAO IPCI is a sure way to accelerate your shift to becoming environmentally conscious. The project seems a bit complex on how it intends to work, however, this has little effect to what the future has in hold for the blockchain innovation.