Challenge
- Urgent need for scalable, traceable, and digital carbon credits across compliance and voluntary markets
- Global momentum towards challenging Scope 3 emissions reporting requirements, scrutiny into carbon offset performance, and greater data provability for ESG investments
Solution
- Uses a secure Corda ecosystem to register projects, conduct identity compliance, and platform 3rd-party data verification
- Utilizes IoT device data with source ID registered during tokenization
- End-to-end solution for carbon monetization, trading and retirement
- Supports integration with regulators, multiple data verifiers, and insurers
- Minting capabilities to public token ecosystems including Cardano & Ethereum
Results
- Industrial partnerships with large-scale cleantech solutions
- 40%+ reduction in commodity trading and data compliance costs
- Higher marketability, value and trust for verified and traceable assets
- Production X10N platform launching in November 2023
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