Carbon credits could be a key tool in the realization of the ecological revolution and an important step toward a future of zero-impact production processes.
Through collaboration with Affidaty S.p.a. and the use of its T.R.I.N.C.I.® blockchain, Ecologico2, an innovative startup based at Tecnopolis, the Science and Technology Park in Bari, aims to create Italy’s first decentralized ecosystem for the exchange and monetization of carbon credits called Ecologico2 platform®.
Read more about Ecologico2 and how it plans to certify carbon credits by using blockchain technology and find other important financial news with the Born2Invest mobile app.
What are carbon credits
In general, certified carbon credits represent a security with which companies can reduce the environmental impact of their activities by supporting national and international sustainable development projects. This allows them to offset emissions by balancing them with other environmental protection initiatives, especially in poor and deprived areas of the Planet.
The operation of carbon credits begins with measuring the emissions produced by a company. An analysis carried out according to strict international standards. Then, the company can decide how to take action, reducing emissions as much as possible and converting the remainder into carbon credits.
Carbon credits can be traded on public and private markets. Current trading rules allow international transfer of credits Although carbon credits are beneficial to society, it is not easy for the average investor to start using them as investment instruments. Certified emission reductions (CERs) are the only product that can be used as an investment in credits. However, CERs are managed by special funds set up by large financial institutions, through which investors are forced to go through in order to invest in this market, making the process cumbersome and expensive.
Ecologico2 “tokenizes” carbon credits
Ecologico2’s certified carbon credits, through the use of blockchain, give the certainty of real, traceable projects with a measurable impact on the environment and their communities. Each carbon credit in our ecosystem, will be unique, real, measurable and verifiable, permanent.
The startup will also create an exchange to facilitate the exchange of certified carbon credits and offer consulting for the calculation of companies’ carbon footprint, ecological mitigation process, as well as certification of Carbon Credits for companies and farmers.
Tokens can be traded and entitled to revenue sharing
To foster the growth and ecological sustainability of the project, the startup created, using T.R.I.N.C.I.® blockchain technology, the Ecological-NFT (ECT): this represents 100 percent of the rights to the economic revenues from the Ecological2 platform® ecosystem. ECT consists of 1 billion accounting units called EcologicoToken ECT, with a nominal starting unit listing value of €2.80.
ECT thus represents the digital asset that entitles users to participate in the distribution of the economic revenues derived from Ecologico2 platform. Users may purchase EcologicoToken ECT up to a maximum of 20 percent of the equal 200,000,000 million. The rights to the revenues from the widespread Ecologico2 platform® will be allocated to the holders of EcologicoToken ECTs in percentage proportion to the amount held, as long as the user holds possession, a true economic bearer right.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Why the Amounts Invested in Belgian Fintech Companies Decreased
In 2023, the Belgian fintech sector has not witnessed any major fundraising events similar to those in previous years, such...
Bitcoin Soars 130% This Year: Will It Reach New All-Time Highs in 2024?
Bitcoin is currently trading within an ascending channel, maintaining support at $35,000, with an upward trajectory towards the psychological resistance...
ALA Diagnostics Opens a New Laboratory in Madrid After Joining BeAble Capital
ALA Diagnostics secured €1.1 million in a financing round in June, supporting its activities in the general laboratory, including Elisa...
Germany Has Finally Legalized Cannabis
Cannabis prohibition in Germany will end on March 1st, and the cultivation ban will follow later. Meanwhile, a field trial...
How Much Do We Know About Sustainability: The ESG Culture LAB Report
From the results that emerge from the Eikon Italia survey, although citizens have only a partial vision of sustainability, more...
Fintech1 week ago
Peruvian Fintech Company Rextie Reaches $5 Billion in Transactions
Africa1 day ago
Why the Agrifood Industry in Morocco is a Strategic Challenge
Fintech2 weeks ago
Paypal Shares Are Not Emerging from the Crisis: How the Fintech Sector Is Developing
Business7 days ago
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [++ BullionVault Affiliate Program Review]