Digital Carbon Bank (Accelerator)

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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