DCarbonX
The ESG domain is facing problems like greenwashing, duplication of issued carbon credit certificates and an untraceable carbon market for trading of carbon credits. Organisations lack the tools to keep an accurate count of the issued certificates while consumers have no means to verify the claims made by organisations on their reduction in carbon emissions. DCarbonX is a software developed by us that will help to counter many problems in the domain. DCarbonX is a subscription software, that provides a blockchain-based carbon credit market that uses NFTs to prevent duplication of carbon records and ensure transparency in the climate claims.
DCarbonX is an enterprise-grade, blockchain-based CRM software for carbon credits. DCarbonX enables the issuance, sale, tracking and trading of fractionalized carbon credit NFTs. Issuers and buyers can sell/ resell the carbon credits they own through DCarbonX at a price chosen by them.
DCarbonX provides a Climate Dashboard as well as a Climate Calendar to corporates, that gives information on their environmental impact in real time, as well as revenue generated by the sale of credits. The calendar gives an accurate estimation of the annual emission reduction goals attained. DCarbonX also provides a QR code, whereby the corporates can report their progress in taking climate action, backed by data encompassing carbon credit transactions, as well as the green project details on the blockchain. This can aid to prevent greenwashing.
DCarbonX also enhances the efficiency of the sales cycle of carbon credits by reducing it to 5-7 minutes from the existing 1-1.5 weeks, and results in a cost savings of more than 50%. Our product can help any organization to chalk out its path to net zero.
Salient Features
- Interface to view all issued carbon credit certificates
- Primary and secondary market for sale of carbon credits
- Permanent digital record of issued certificates on the blockchain
- Fractionalisation of carbon credits to facilitate ease in sale
- Primary market listing controlled by the organisation
- Helps to combat greenwashing
- Provides a Climate Action dashboard to indicate recent transactions
- Indicates the revenue generated per quarter
- Gives the geographical distribution of green projects
- Provides a quantitative estimation of environmental impact
- Facilitates a Climate Calendar to help plan attainment of annual climate targets