GreenCoin Carbon Credit Exchange
Carbon offsets produce "savings" in emissions through actions like tree-planting. The carbon market is then created using carbon credits as its primary "currency," and these savings are subsequently sold to customers.
The usage of blockchain allows for the deployment of GC tokens, which serve as a representation of the sort of asset a credit represents, to users' blockchain accounts (wallets).
A market is subsequently created when GC Tokens are sold to other users. Each token's worth is based on its underlying asset, such as how much emissions are captured. Every token transaction may be processed transparently and stored safely using blockchain technology. Additionally, the token can be followed from seller to buyer with a variety of data on the underlying asset (emissions, legal status, or linked environmental and social performance) - and also updated with the transition status of the GC token.
Green Coin will enable its users and other VCMs to participate on its centralized Carbon exchange.
Users will be able to register verified carbon captures, convert them into tradeable credits on the platform, and also engage with token/NFT transactions on other exchanges.
An automated market making mechanism will be realized to establish an open market trading price of credits
the blockchain's features also include the crucial aspect of decentralisation. The same protocol will be followed by all enterprise nodes, and it will require that all business carbon emission transactions adhere to the same consensus algorithm in order to ensure consistency across all workflows. This will considerably liberate the incumbent carbon emissions trading exchanges and bring about "decentralisation."