Current Carbon Credit Blockchain Projects
Since the ICO Boom in 2017, many blockchain-based carbon credit projects were launched. While many didn’t take off because of failure to raise funds in their ICO campaign, there are currently around 15 active projects, and with the carbon credit industry being in the limelight again more projects are expected to be launched. These projects follow different approaches and these can be categorized as shown below:
A single carbon credit token that is created from a pool of multiple carbon credits (from 3rd party standards).
A single carbon credit token that is created from a single type of carbon credit using internally formulated standards (DIY standards).
Multiple carbon credit tokens that are securitized & matched against multiple carbon credits (from 3rd party standards).
A single carbon credit token that is created from a single type of carbon credit (from 3rd party standard).
A single carbon credit token that is created from a pool of multiple retired carbon credits tokens (from 3rd party standards).
Apart from Number 5, the others deal with 'active' carbon credits, i.e. carbon credits that haven't been offset or retired. Carbon credits can only be retired once and thus NOT reusable.
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