Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- The Digital Carbon Bank (DCB) enables climate action by providing blockchain-based voluntary market carbon offsets that tie cryptocurrency to specific emission-reducing projects. The DCB then uses credible hard-tech measurement technologies and GHG accounting to validate real emission reductions so that tokens are robust, transparent, and bankable.
The DCB Platform has four differentiators:
• Platform creates liquidity by providing a pathway to mobilize more environmental projects through the issuance of GHG offset Tokens in exchange for project investment.
• The platform will act as a broker to market emission-reducing projects from 3rd party delivery organizations (local delivery partners).
• Emitters and impact investors can purchase offset Tokens to hold and trade as investment or use them to reduce carbon liability.
• 3rd party validation of specific project will be done using hard-tech Measurement, Monitoring and Verification technologies (as appropriate including, satellite, airplane, drone, land-based, subsurface) by verification delivery partners.
As a social enterprise, the DCB is committed to enabling inclusive climate action in addition to generating revenue and long-term value for DCB shareholders.
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