Blockchain Technology for Achieving Carbon Neutrality

Blockchain technology, enabling the linkage of various companies and institutions for achieving carbon neutrality, plays the following roles in expanding the ecosystem and solving environmental problems for sustainable development:

Carbon Emission Tracking

Tracking carbon emissions to accurately measure them is the first step towards achieving carbon neutrality. Accurate measurement leads to clear results. To realize this, it is essential to ensure the reliability of the measured data, which can be provided through blockchain technology, known for its tamper-proof nature.

Carbon Offset Management

Securing the reliability of data generated in the process of achieving carbon neutrality in carbon offset projects is crucial for building a sustainably growing ecosystem. The data from carbon offset projects, recorded through distributed ledgers, not only provide reliability but also create an environment accessible to all, reducing the business resources needed for operation and management.

Efficiency in Carbon Credit (Emission Rights and Offset Rights) Trading

Current carbon emission right trading occurs through a complex process in limited places, aimed at securing transparency and trust in transactions. These emission rights, representing the permission for corporations or individuals to emit a certain amount of carbon, are used with the goal of contributing to environmental protection. On the other hand, carbon offset rights, generated through environmental protection activities, are used to counterbalance emitted carbon. The introduction of blockchain technology can increase the efficiency of trading both carbon emission rights and offset rights.

Incentive and Reward Systems

Ecosystem participants working towards carbon neutrality, including institutions, corporations, and individuals, need to secure various incentives. The given incentives will attract diverse ecosystem participants, signifying the growth of participants sharing a common goal for carbon neutrality. This implies building an environment capable of solving environmental issues and achieving carbon neutrality. To this end, diverse incentives should be provided to ecosystem participants, and each incentive should be transparently disclosed through blockchain technology to build a sustainably growing ecosystem.