Zero Carbon: Blockchain And Carbon Emissions

in #blockchain6 years ago

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In the last two decades, the world has been concerned with what continuous and unceasing technological developments and human expansion has been doing to the climate, the environment, and nature as a whole. The carbon footprint currently left by industrialisation and population explosion in several metropolises in the world has been alarmingly high, and the world is facing severe climate change issues and global warming threat. In response to these developments, governments, corporations and other relevant stakeholders have taken to embracing renewable and clean energy as a sustainable solution to tackling energy challenges we face today.

While the idea of renewable energy is commendable and indeed a sustainable and viable solution to many of earth’s energy problems, it has some limitations namely.

  • The technology is not fully developed and cannot be realistically named as a viable substitute just yet

  • As a result of the above consideration, renewable energy is still too expensive to implement and deploy commercially

The world needs a fix, and it needs it soon, and renewable energy still needs some time to step up and take the front row. So what then is a viable solution? One that is ready and has proven to be efficient; perhaps the Zero Carbon Project.

The Zero Carbon Project; what it is about

In this age of decentralisation and Blockchain adoption to every facet of technology and institutional frameworks, Zero Carbon has taken advantage of the Blockchain to launch a project which will create an ecosystem where the cost of energy contracts is greatly reduced in a bid to improve the impacts on carbon emissions.

Zero Carbon tackles the problem in two ways;

Lower pricing for energy contracts
Zero Carbon has strived to create an ecosystem where a ‘Zero Carbon Market’ exists to provide an avenue where considerably cheaper energy contracts (when compared to the costs of the alternative renewable or fossil energy solutions) is made available and accessible to consumers via international carbon credits.
Incentivizing customer participation in the Zero Carbon Project
Leveraging on Blockchain based tokenisation, Zero Carbon has introduced the Energis tokens (NRG) which are designed to create value for holders and energy customers with the Zero Carbon ecosystem. The idea here is to create a system of value for Energis tokens as they will power trading of energy contracts and other transactions in the Zero Carbon. Customers within the ecosystem will be rewarded with 70% generated revenue from the market as rewards for actively participating in the Zero Carbon Project.

Where the Zero Carbon Project is at

Already, Zero Carbon has been building its revolutionary Energy ‘Market’ for over a year and has already gotten an excellent team in place who have been setting the groundwork for a local release of the platform in the UK by October 2018 and a global release sometime in 2019.

In conclusion, the Zero Carbon Project appears to be a great one because it attempts to provide lasting solutions to the issue of climate and not many projects are able to say they are solving real-world problems on a global scale.

Zero Carbon is looking to help the earth and is giving everyone a chance to invest in the goal and profit financially while doing so. Head on to Zero Carbon Project to get more information!

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How do they think to connect globally energy supplier with consumer?