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.
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