Two startups focusing on climate action have teamed up on blockchain technology in their fight against climate change.
DAO IPCI, a decentralized autonomous organization operating, sustaining and developing the Integral Platform for Climate Initiatives, has partnered with Chooose, a Norwegian company aiming to make people carbon neutral. The startups aim to apply blockchain technology to the rigid and conservative CO2 market.
“DAO IPCI developers’ idea is to provide common space fabric for fair market competition, provide early crediting, offsetting carbon footprint opportunities for the companies and individuals, and break the barriers dividing locations and types of allowances and high quality mitigation outcomes. The Chooose Program approach is essentially compliant with new economic decentralized paradigm underlying DAO IPCI. Smart contracts needed to effectively perform the functions and reach the targets under Choose Program are already in place and running in DAO IPCI blockchain”, Anton Galenovich, DAO IPCI Team Leader.
Chooose aims to help each and every individual to entirely remove their carbon footprint. Its objective is to buy and delete climate quotas, EU Allowances in particular, in order to constrain European carbon market and accelerate “the green shift”.
“Chooose is on a mission to make being climate positive just as normal as having a personal Netflix subscription, and e.g. having climate positive employees a standard employee perk. We achieve this 'frontend' through innovative products and partnerships; and through positive, creative and entertaining communication. By embracing DAO IPCI as foundation, we will also disrupt the 'backend', enabling us to create even more innovative products, and further ensuring maximum effect from Chooose's carbon offsetting. We are very excited about this collaboration!” Gaute Gamst, CEO & Co-founder, Chooose AS, said.
DAO IPCI, an initiative of the Russian Carbon Fund, provides for the users to allocate and manage environmental assets and liabilities through distributed ledgers stored in blockchain. The technology ensures transparency and reliability of transactions, possibility of global interactions with carbon market institutions, including carbon registries in the first place.
In May 2016, the Russian Carbon Fund officially unveiled the Integrated Program for Climate Initiatives (IPCI), which has served as the climate program for genesis of DAO IPCI blockchain. Introduced with the help of Airalab, DAO IPCI blockchain solution provides for joint activities to be public, transparent, fraud and manipulation-proof, overreaching barriers.
"DAO IPCI is an example of the correct and logical use of the public blockchain technology. Global scale project cannot have centralized hierarchy, which is why here the decentralization technology is ideally applicable", Sergey Lonshakov, Leader of Airalab.
