Non-profit organisation Poseidon has unveiled a project aimed at creating a "carbon currency" using blockchain technology. The project, called the Carbon Currency, is designed to help people and organisations reduce their environmental impact by paying for emissions in cryptocurrency. The currency gives consumers, investors and employees the ability to demonstrate sustainable practices across supply chains. The project will be hosted on the Stella blockchain, with a fundraising round planned for early 2018.
Non-profit organisation Poseidon has unveiled a project aimed at creating a "carbon currency" using blockchain technology. The digital currency will allow businesses to measure the carbon footprint of every transaction by establishing a universal carbon value for everyday goods across all markets and jurisdictions. The currency gives consumers, investors and employees the ability to demonstrate sustainable practices across supply chains. The project will be hosted on the Stella blockchain, with a fundraising round planned for early 2018.