ECO2 Ledger Whitepaper 2.0

2020.4.22

Earth Day 2020 (April 22nd)
ECO2 Ledger: The World’s First Carbon-Neutral Blockchain—Whitepaper 2.0 Release
Applying Blockchain Technology to the International Carbon Market

ECO2 Ledger, in accordance with international conventions on climate change, has applied blockchain technology to establish a consensus for emission reduction and improve carbon trading in a variety of ways. Firstly, ECO2 Ledger can improve the authenticity, transparency, and transaction efficiency of carbon credit data. Secondly, it can reduce the thresholds for data verification, carbon credit transfer, account operation and other costs. Lastly, it can increase the liquidity of carbon credit assets and enhance the global capacity for carbon emission reductions and carbon neutralization.

Overview of the ECO2 Founding Team

The ECO2 Founding Team is composed of Carl Hao and Neo Lin, as well as co-founders with diverse backgrounds from the United States, Europe and both sides of the Taiwan Strait. They come from the fields of international carbon credit trading, international trade, law, finance, blockchain technology R&D and new energy technology. The ECO2 Team has actively responded to the call for climate action by applying blockchain technology to mitigate the effects of climate change, promote low-carbon economies and improve human welfare.

ECO2 Ledger System Architechture

ECO2 Ledger uses a Delegated-Proof-of-Stake and practical Byzantine Fault Tolerance (DPoS + pBFT) consensus mechanism to create mining rights for validators that offset their carbon emissions. In this way, the operation of ECO2 Ledger will not produce carbon emissions and encourage the carbon emission reduction of its nodes and users. With international environmental organizations, environmental enterprises and individual emission reduction groups as nodes in the network, ECO2 Ledger will support the digitization of carbon assets and carbon accounts, becoming a public blockchain for real carbon assets.

ECO2 Ledger Consensus Mechanism

ECO2 Token Distribution

Member and Cooperative Organizations