💡The opportunity

With the rise of blockchain technology, it is possible to connect the real world to the digital world, making it both sustainable and profitable for all participants without the need for a middleman. Research has shown that a blockchain-based carbon emission rights verification system will be beneficial to the overall carbon markets (Seong-Kyu Kim and Jun-Ho Huh, 2020). Blockchain as an immutable database is suitable to tackle double-counting problems by looking at verifiable on-chain data. The opportunity arises to tokenize trees, the CO2 absorbed by these trees, and make double claiming of carbon neutrality impossible. By monetizing captured CO2, further growth and carbon sequestration are enabled. Blockchain smart contracts offer the opportunity to automate carbon compensation making it more efficient, effective, and profitable. The secondary effect is an increase in sustainable and local food production facilitating economic growth, specifically in the cases of farmer projects with fruit-bearing trees.

Real-world data is becoming available to be used by blockchain companies. With the integration of satellite data in smart contracts, new levels of transparency are added. The combination of the factors state above allows a new standard and platform to be created entirely built on blockchain technology.