Chain of custody of carbon credits and environmental assets
Chain of Custody of Carbon Credits and Payment for Environmental Services in Blockchain and Tokenization of Environmental Assets
PATHWAYS
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START
February 2023
DURATION
12 months
BIOME
Cerrado
LOCATION
Brazil
STATUS
In Progress
This fintech intends to stimulate sustainable soy production in the Cerrado and increase forest stocks by creating a chain of custody for the grain in the region – from certification of origin to the traceability of the entire production chain, up to the sale of carbon credits in the voluntary market – ensuring that the product contains no contamination from dubious or illegal sourcing throughout the process.
The proposal is to create a chain of custody of environmental assets, using blockchain technology and decentralized digital identity. CPQD's strategic support enables the use of its own "Trace" technology and the CPQD ID platform to enable development of this solution. "The idea is to link the carbon credit to physical assets in the stock of native vegetation, with georeferencing and traceability," says Edson Toledo, forestry engineer and founding partner of Green Bonds.
