2 min read –
Tokenization of Carbon & Biodiversity Credits in Papua New Guinea –
How Private Blockchain Saves Forests –
Using “Don’t trust, verify” –
Globally, environmental certifications meant to ensure sustainable practices often fall short due to flawed verification systems.
These certifications typically rely on the trust of a handful of individuals or organizations, leaving room for possible mistakes and doubt.
Supporting documents (satellite imagery for ex) are rarely shared and often inaccessible to stakeholders.
This lack of transparency undermines the credibility of certifications, eroding trust in their ability to drive meaningful environmental impact.
Enter private blockchain technology, built on the principle of “don’t trust, verify.”
By leveraging a private blockchain, environmental certifications can be made transparent, secure, and legitimate.
A private blockchain stores documents and evidence on a cloud-based, on-chain platform accessible to all relevant parties.
This ensures that certifications reflect real, verifiable environmental practices.
The immutable nature of private blockchain prevents tampering or fraudulent alterations, creating a robust system where trust is earned through transparency.
Stakeholders can independently verify claims, fostering confidence in the verification process.
Fair Grade Forests, an innovative startup, is harnessing private blockchain technology to protect Papua New Guinea’s (PNG) forests.
Their flagship project in PNG focuses on ensuring and proving sustainable agricultural practices, creating authentic credits that companies can purchase to offset their carbon footprints.
By using blockchain to document and verify these practices, Fair Grade Forests guarantees the legitimacy of the carbon credits, eliminating the risk of “greenwashing.”
The credits generated, carbon and or biodiversity, are bartered or monetized by meeting the growing demand from businesses striving for carbon neutrality.
Fair Grade Forests exemplifies “tech for good,” using cutting-edge private blockchain technology to protect the planet with verifiable impact.
To fund their groundbreaking pilot in PNG, Fair Grade Forests launched the FGF Coin, raising USD 250,000 in its first capital round.
This technology empowers investors to contribute to projects with guaranteed impact, ensuring every dollar is used as intended.
Join Fair Grade Forests in making the planet great again.
🪙Buy the FGF coin at https://lnkd.in/dvgX8Nqb
🎥 Watch the 1-min video: https://lnkd.in/dSPmSp7W
🎥 Watch the 4-min video: https://lnkd.in/dcJBSfjd
We are CINTASIA, we bring your technology and industrial equipment to Indonesia.
PS: Fair Grade Forests is a member of La French Tech Australia
Picture: Fair Grade Forests
Sources: https://fairgradeforests.com , Cintasia