ECO2 Ledger is a public blockchain network that has
Environmental Transparency
Users are free to disclose information about their carbon neutrality, which will be publically accessible on the blockchain.
Decentralized Governance
Users elect 21 Emission Reduction (ER) Nodes to validate the network, and in doing so, consume carbon credits to maintain the network’s carbon neutrality.
Autonomous Operation
ECO2 Ledger uses a combination of smart contracts, built-in contracts, and oracles to automate the process of carbon trading on the blockchain.
Functions of ECO2 Ledger
Carbon credit project developers can advertise their projects in ECO2 Ledger’s ecosystem of decentralized applications, connecting with individual buyers who are looking for ways to achieve carbon neutrality.
Unlike traditional carbon credit registries, individual users have access to their own carbon accounts, which are free to create and use.
Trading carbon credits on ECO2 Ledger is cryptographically secured through P2P transactions, eliminating risks of fraud and double-counting.
ECO2 Ledger is designed for carbon neutrality at the protocol level—making it the first carbon-neutral blockchain network dedicated to individual carbon trading.
ECO2 Ledger Features
ECO2 Ledger uses a DPoS + pBFT consensus mechanism that consists of 21 Emission Reduction (ER) Nodes that simultaneously offset and validate the operations of the network, keeping it both carbon neutral and secure.
The combination of carbon accounts, carbon transaction records, and a carbon neutral pool will ensure that emissions reductions on ECO2 Ledger are accurate and accounted for, and are collectively known as the “Zero Emission Mechanism”.
ECO2 Ledger allows carbon credits to be uploaded from other carbon accounting systems through the use of oracles, which communicate with non-blockchain-based databases.
ECO2 Ledger is programmed with smart contracts and built-in contracts, which can diversify the use of carbon credits and digital tokens designed for sustainability and environmental protection.
Timeline
Developed forestry carbon credit projects based on international carbon standards.
Researched distributed ledger technology and international carbon market applications.
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.
Participated in INATBA’s EU Climate Action WG.
In mid-March, released MyCarbon 2.0 with more than 1 million users.
In Q3, released ECO2 Ledger’s testnet.
In Q4, scheduled the launch of ECO2 Ledger’s mainnet.
Applications
The MyCarbon App is the first mobile application developed and launched by ECO2 Ledger, tailored for individual participation in carbon neutrality. Through MyCabon, users will be able to directly trade carbon credits on ECO2 Ledger, while also receiving rewards for demonstrating climate knowledge and building environmentally-conscious online communities.
