KYC: Know Your Carbon
Using the blockchain, our public ledger records all transactions from the moment a carbon offset is generated to the point it is sold. This allows you to Know Your Carbon, i.e. track its history and entire journey from the marketplace to its eventual sale. This prevents double counting of carbon offsets and ensures that each carbon credit is limited to a single use.
Web 3.0 Technologies
Our carbon offsetting exchange, DecarbEx, is built on Decentralized Finance (DeFi) technology, which facilitates instant, transparent, and irreversible financial transactions around the world without any intermediaries.
Suppliers looking to sell large volume carbon offsets will be able to get their carbon offsets certified, monitor their use, have access to public and permanent financial records, and be able to present the entire transaction history in a clear audit trail for regulatory authorities and auditors.
Carbon Credit Quality Grading
DefiClimate offers a range of carbon offsets graded by quality, verifiability, and impact (AAA, A, B, and C). AAA and A are the top-rated carbon offsets, catering to the needs of organizations with large carbon footprints (e.g. Oil & Gas and Aviation companies), while B & C are lower grade and more relevant for individuals with relatively low carbon footprints. This graded system, coupled with complete transparency on each carbon offset’s history, allows buyers to choose the right grade of carbon offset that meets their personal or business needs.