Embracing the transformative power of blockchain technology, CarbonKerma, a subsidiary of DigiKerma, Inc., has announced the launch of its trailblazing carbon credits marketplace. This digital platform is designed to trade carbon credits generated through Carbon Capture, Utilization, and Storage (CCUS).
Situated at the intersection of blockchain and environmental sustainability, the platform assigns each ton of captured carbon dioxide (CO2) a unique digital token, CKT, ensuring seamless traceability and preserving the integrity of the carbon credits traded.
"Irfan K. Ali, founder and CEO of CarbonKerma, expressed his vision saying, "We're introducing a unique digital form of CO2 to the market. This CO2 can be purchased in varying quantities while maintaining its traceability, measurability, and compliance with stringent regulations regarding its extraction from the atmosphere."
Marking the platform's grand launch, the CEO personally completed the first transaction, offsetting the carbon emissions from his round trip between Washington D.C. and San Diego.
Setting a new standard in the industry, CarbonKerma is touted as the world's first carbon credit trading platform ensuring measured, verified, regulated, high-quality carbon credits that are traded in a fully transparent manner. This is made possible as the carbon credits are derived solely from CCUS processes and all transactions are logged on a distributed ledger.
CarbonKerma underscores the significant role of carbon capture in achieving the global targets set by the Paris Agreement. CCUS, which is regulated by a Monitor Report and Verification (MRV) requirement in the USA and through ISO standards worldwide, facilitates the capture of emissions from industries like power plants and fertilizer, chemical, cement, and steel production.
The captured CO2 is either stored deep underground in geological formations or used in a wide range of applications, representing a significant stride towards a more sustainable and environmentally-friendly future.
