Background
Last updated
Last updated
Carbon neutrality is an essential goal in addressing climate change and one of the most pressing challenges for the global community. As industrialization and urbanization accelerate, greenhouse gas emissions continue to rise, necessitating innovative approaches to manage and reduce them.
Climate change, driven by greenhouse gas emissions, is accelerating global warming and causing severe impacts on ecosystems and humanity.
Key Sources of Emissions: Industrial activities, energy consumption, agriculture, and transportation.
Key Issues: Accurate measurement of carbon emissions, certification of reduction activities, and lack of transparency in credit trading.
The international community has established carbon reduction targets through the Paris Agreement and strives to enhance sustainability through global initiatives like RE100. However, existing systems still face significant limitations in terms of transparency and reliability.
Blockchain is an innovative technology that provides data transparency and traceability, maximizing the effectiveness of carbon emission management and reduction activities.
Data Transparency: Carbon emission, reduction, and burning activity data are recorded on the blockchain, preventing any manipulation.
Traceability: The issuance, trading, and burning of all carbon credits can be tracked in real-time.
Burn Data Management: The burning of carbon credits is recorded on the blockchain to ensure permanent removal, serving as proof of Net Zero achievement.
GESIA is developing a Layer 3 blockchain platform designed to efficiently manage carbon emission data and revolutionize the trading and burning of carbon credits.
The key objectives are as follows:
Transparent Carbon Management : Record and disclose carbon emissions, burning, and reduction data in real-time.
Carbon Credit Burning : Permanently retire carbon credits used through trading and absorption activities by burning them, preventing double usage and providing proof of Net Zero achievement.
Net Zero Consensus Algorithm Application : Ensure the reliability of carbon emission data and achieve carbon neutrality through reduction and burning activities.
Integration with RE100 Projects : Verify and manage renewable energy-based reduction activities on the blockchain.
Carbon credit burning is a critical process for achieving carbon neutrality.
Burning provides the following benefits:
Permanent Carbon Credit Retirement: When a credit is burned, its rights are permanently revoked, and it is recorded as proof of Net Zero.
Enhanced Transparency: Burning records are registered on the blockchain, ensuring the reliability of carbon neutrality activities.
GESIA optimizes the carbon credit burning process through a consensus algorithm, recording all burning data on the blockchain to maximize the transparency of Net Zero achievements.
GESIA Layer 3 platform goes beyond a simple carbon emission management system, offering a comprehensive ecosystem that includes carbon credit trading, burning, and reduction. GESIA key roles are as follows:
Environmental Protection: Deliver tangible carbon neutrality effects through the burning of carbon credits.
Social Responsibility: Strengthen global partnerships by fostering a transparent and reliable ecosystem.
Economic Value Creation: Enhance market value by streamlining carbon credit trading and burning processes.
GESIA leverages blockchain layer technology to accurately manage carbon emission and reduction data while supporting transparent trading and the permanent retirement of credits.
