The transportation industry is moving away from carbon offsets as a means to achieving environmental targets, instead prioritizing carbon insetting programs. These allow a company to invest in physical, upstream low carbon fuel projects and claim the realized carbon reductions to reduce actual supply chain emissions. 123Carbon uses the Algorand blockchain to instill a high level of assurance, integrity, and transparency in this process, helping to accelerate the industry's decarbonization.
123Carbon has created an independent platform for the verification, issuance, management and allocation of digital Environmental Attribute Certificates (EACs), across all modalities and technologies.
123Carbon leverages the Algorand blockchain to create high-quality EACs that have integrity and transparency, allowing companies to confidently invest in low carbon fuel projects that make their products, practices, and supply chains more sustainable.
Key benefits
- 123Carbon creates one immutable certificate per ton of reduced CO2e, secured by Algorand’s fork-proof blockchain.
- Every actor in the supply chain receives its own verifiable inset certificate, creating a transparent chain-of-custody record.
- The solution ensures a certificate’s authenticity by utilizing role-based permissions and legal verifications.
Algorand is mathematically fork-proof, ensuring inset buyers don't need to worry about data duplication or manipulation.
Algorand's role-based permissions feature creates integrity throughout the process of issuing certificates by ensuring that only necessary and compliant actors are involved in the process.
Algorand's high-throughput, Pure Proof-of-Stake blockchain powers carbon reduction that scales.
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