FOREST TRENDS: How blockchain can make carbon markets more accessible

Published 22:49 on October 3, 2018  /  Last updated at 22:49 on October 3, 2018  /  Americas, Conversations, International, New Market Mechanisms, US, Views, Voluntary Market  /  No Comments

As more companies and individuals are looking for tools to mitigate their impact on climate change, the idea of utilizing blockchain technology has been on the forefront of many conversations. It is one of the building blocks behind cryptocurrency and companies are looking to utilize blockchain technology as a means to streamline the development and sale of carbon credits.

As more companies and individuals are looking for tools to mitigate their impact on climate change, the idea of utilizing blockchain technology has been on the forefront of many conversations. It is one of the building blocks behind cryptocurrency and companies are looking to utilize blockchain technology as a means to streamline the development and sale of carbon credits. Under current carbon offset markets, credits are typically sold in bulk to larger corporations. This leads to barriers for smaller groups or individuals to reduce their environmental impact via purchasing offsets. Even the UNFCCC

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