The Allinfra Climate Exec Is Thinking About Digitizing the market process with a ledger tech distributed to enhance efficiency. The company is also trying to increase predictability of the market which has never existed before today.
Allinfria Climate firm is trying to use blockchain tech to utilize the market accuracy for carbon market. This is an important fight against the climate change that the company is trying to win.
The famous media for cryptomarket, cointelegraph has conversed with the co-founder of the company, Allinfria Climate about the digitization of the verifiable data of the Carbon Market. According to the man, the reporting, on-chain monitoring, verification, issuance, retirement and allocation of the carbon claims and the carbon credit might bring the predictability and the efficiency that was non-existent previously.
According to Kentrup, methods for spotting corporate carbon accounting, double-counting, reporting to regulatory agencies and reporting may all be made digital by placing everything on “digital rails.”
Allinfria Climate Exec Fighting Against Climate Change:
Kentrup has also mentioned that the inefficiencies and the challenges that comes with the carbon market is creating a frustration and a pushback. He said that this pushback may have contributed to the failure to bring the Kyoto protocol forward after 2012.
Kyoto protocol was a treaty signed between different nations to try to reduce the emission of greenhouse gas and admitting the climate change. It established an emissions trading mechanism that enables nations that have surpassed their emissions reduction goals to sell their extra permits to nations that have fallen short of their goals.
