BlueSphere Carbon to use blockchain to revolutionise carbon credit trading

06/09 01:29

BlueSphere Carbon, a recently launched carbon trading platform, is aiming to raise $10mn to radically change how carbon credits are traded online and has signed a new partnership with Canada’s CarbonRx in a bid to develop green projects with First Nation groups across the country. Carbon credits are a growing market internationally, with developments coming from all corners of the globe in the fight against climate change. Blockchain technology is also now playing an increasingly important role in the sector, with verification processes stamping out so-called “double counting”, which has been in the headlines in recent months from some entrants. Two of the founders of the company, Iranian emigres Shidan Gouran and Eddie Soleymani, told bne IntelliNews in an interview how the company expects to see a massive jump in the growth of BCE platforms in Q3 2022, with more than quadruple growth in the carbon credits the platform would trade. “The BCE platform is a marketplace for selling and buying carbon offsets,” Gouran told bne IntelliNews.
bullishbullishbullish3bearishbearishbearishBearish3Share
DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

Related Articles

  • Image

    Bitcoin Short-Term Holder Basis Remains High Within Biggest Supply Cluster

  • Image

    Institutional Shift? Jane Street Turns Toward Ethereum After Reducing Bitcoin ETF Exposure

  • Image

    Top Coins Gaining Attention as Bitcoin Stalls and Ethereum Slows, With Little Pepe (LILPEPE) Starting To Emerge

All Comments0LatestHot

avatar
LatestHot

Related Articles

  • Image

    Bitcoin Short-Term Holder Basis Remains High Within Biggest Supply Cluster

  • Image

    Institutional Shift? Jane Street Turns Toward Ethereum After Reducing Bitcoin ETF Exposure

  • Image

    Top Coins Gaining Attention as Bitcoin Stalls and Ethereum Slows, With Little Pepe (LILPEPE) Starting To Emerge