ECO2 Ledger

The Emissions Trading Blockchain Powered by Carbon Neutrality

DPoS Consensus

Zero Emission

Blockchainization of Carbon Credits

Global Carbon Registry

Blockchain Carbon Account

Offset Pool

DPoS + pBFT

ECO2 Ledger's consensus mechanism is based on DPoS, uses a trusted delegate election system to elect 21 Emission Reduction Nodes, and uses a practical Byzantine Fault Tolerance algorithm (pBFT) to ensure the consistency and security of chain development.

  • 21 Emission Reduction Nodes (ER Nodes)

  • Election of ER Nodes are held every 30 days

  • New block is created every 10 seconds

  • 1 ECO2 Token = 1 Vote

Zero Emission

In order to maintain zero emissions of ECO2 Ledger, operations and blocks created by ER Nodes need to use carbon credits to offset the CO2 emissions generated by the blockchain network’s electricity consumption.

  • The ECC Token (ECO2 Carbon Credit) represents carbon credits on ECO2 Ledger

  • 1 ECC Token = 1 gram of a carbon credit

  • The issuance of ECC tokens on ECO2 Ledger = The amount of real-world carbon credits purchased from the international market

  • Block creation and on-chain operations of ECO2 Ledger will consume ECC tokens to remain carbon neutral

Blockchain-based Emission Trading

Using blockchain technology, ECO2 Ledger provides a more convenient, more transparent and faster method for carbon trading.

  • Decentralized carbon market

  • Joint participation of individuals and enterprises

  • Direct transactions on the blockchain

  • Transparent and open carbon accounts and on-chain carbon neutrality record

  • Diversified use of carbon credits within Dapps

Applications

VER Trade

Carbon trading platform for voluntary carbon market

MyCarbon

Personal carbon application

Timeline

2016

2018

2019

2016 Developed forestry carbon credit projects based on international carbon standards.

 proposed the concept of ECO2 Ledger. Began designing a blockchain-based carbon trading market. Joined the UN-affiliated Climate Chain Coalition. Participated in COP24 in Katowice, Poland.

Invited by the World Bank to participate in Innovate4Climate and showcase our blockchain carbon trading concept.

Initiated cooperation with UNEP on sustainable development applications of blockchain technology.

In mid-November, released MyCarbon 1.0, a personal carbon account app with nearly 500,000 users.

Participated in COP25 in Madrid, Spain.

2017

Researched distributed ledger technology and international carbon market applications.

​2020

 Participated in INATBA’s EU Climate Action WG.

 In mid-March, released MyCarbon 2.0 with more than 1 million users.

In-late April, released ECO2 Ledger testnet.

Scheduled EOC2 Ledger mainnet to launch at the end of the year.

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