Blockchain technology is poised to revolutionize carbon credit trading, potentially driving the Voluntary Carbon Credit market to a $1 trillion valuation by 2037. The technology offers transparency and efficiency, addressing the need for new trading platforms as carbon offset demand surges. Various firms are already leveraging blockchain to track energy generation and create immutable carbon credit records and this innovation aligns with the global push for sustainability, so offering promising intersections between finance, technology and environmental responsibility.
Carbon credits and the role of blockchain
Carbon credits and the role of blockchain
Carbon credits and the role of blockchain
Blockchain technology is poised to revolutionize carbon credit trading, potentially driving the Voluntary Carbon Credit market to a $1 trillion valuation by 2037. The technology offers transparency and efficiency, addressing the need for new trading platforms as carbon offset demand surges. Various firms are already leveraging blockchain to track energy generation and create immutable carbon credit records and this innovation aligns with the global push for sustainability, so offering promising intersections between finance, technology and environmental responsibility.