Decentralized Carbon Market
What was the project about?
Several blockchains projects are working towards a decentralized market place for carbon credits. Due to the distributed nature of climate data and lack of transparency in CO2 accounting, blockchains are a unique technology for this application. However, current initiatives lack scientific underpinning, standardization, and security of implementation. The latter is crucial due to billions lost each due to do hacking.
In this project research was carried out to describe the science behind decentralized carbon markets or more specifically on token standards for Green DeFi such as semi-fungible tokens. The researchers in the project specified details about these tokens and their security properties and furthermore integrated these in a prototype Decentralized exchange.
Aarhus University (AU)
Bas Spitters, Associate Professor, Department of Computer Science
Concordium ApS and Nomadic Labs