🚨Announcing the creation of the first #blockchain-native carbon credits, from the soil up!
On January 23, Celsia Energía was the first Open Forest Protocol project to generate the world's only fully digital, immutable, and traceable carbon credits. Unlike other credits that are sourced outside of a state of the art ledger system, OFP carbon credits are created using groundbreaking #blockchain technology from inception to sale. This is intentionally designed to incentivize good project management and tree protection!
The ReverdeC participatory ecological restoration program, hailing from the Valle del Cauca region in the southwest of Colombia, has restored more than 7,000 hectares by planting more than 15 million trees in the last decade. Using OFP, Celsia Energía has launched three pilot plots to begin tracking, monitoring, and reporting the restoration process to be at the forefront of sustainable carbon financing for all stakeholders involved.
What Does This Mean for the Communities and Forests of ReverdeC?
● Every carbon credit is entirely visible from the inception of the carbon development project (documented on a novel product known as Atlas: https://lnkd.in/gdZyaMv8), to the upload, verification, issuance, and offset of the credit in question.
● For the community and local stakeholders that operate and depend on the forests managed by ReverdeC, this allows for every aspect of the project to be shown to the world, and for their carbon credits to be incredibly high integrity. As a project developer, Celsia remains in full ownership of the carbon credits generated.
● All credits created are automatically distributed to the project’s wallet after verification and issuance.
"We hope to use these carbon credits for growing the project, improve the monitoring and contribute for the community who participated in the process.”- Alex Vargas, Team Member ReverdeC - Celsia Energía
Deep dive 👇
https://lnkd.in/gmuwf6Wn