Environmental Commodities Evolve with New Blockchain-Based Infrastructure

Environmental Commodities Evolve with New Blockchain-Based Infrastructure

Partnership material

In recent years, protecting the environment has become a global priority, as evidenced by carbon dioxide emissions hitting a new high in 2021 at 414.72 parts per million according to the National Climate.gov website. United States Oceanic and Atmospheric Administration. Recognizing the impact of these emissions on climate change, many countries have announced their efforts to achieve net zero emissions.

The United States has shared its plan for measuring environmental commodities through the Bureau of Economic Analysis, while Denmark is leading the charge with a plan to achieve net zero emissions by 2050. By reaching net zero, a state where greenhouse gases entering and leaving the atmosphere are equal, global climate change will no longer be a threat to human survival.

As a result, 1GCX President and Founder Michael Wilson shares, “Environmental commodities, an asset class that exist as non-tangible energy credits, are now recognized as the most crucial value creators in the 10 to next 50 years”. With the introduction of these raw materials, the global community will have no choice but to pursue cleaner energy consumption, thereby reducing greenhouse gas emissions.

Unfortunately, although the world is aligning itself with “going green”, few people understand what this path looks like moving forward. While some recognize that a decentralized model involving cryptocurrency and digital assets makes sense as part of a sustainable solution, others still believe that these assets are not green and not all use cases related are merely speculative.

1GCX, a platform founded in 2021 as The Global Carbon Exchange, tackles these concerns head-on. The exchange represents green technology that can bring the benefits of new markets to cryptocurrency market valuations by highlighting the most promising projects in this space. The resulting two-way bridge for trading carbon offsets becomes part of a larger, holistic marketplace that can facilitate adoption, education, and connection in the crypto industry.

A Commodity-Based Approach

Unlike others in the space, 1GCX has incorporated a commodity-driven market-making approach to redesigning its financial markets. Additionally, the incorporation of matching and cross-matching of crypto, commodities, and carbon credits sets this platform apart from other exchanges. For users, this means a new user experience for trading on the platform, with access to live carbon and energy markets. Therefore, 1GCX, as a centralized financial exchange, will become the focal point for attracting interest and directing the flow of capital to the most promising projects while supporting the adoption of new participants starting their Web3 journey.

Looking at the rest of the ecosystem, users will come face to face with transformative offerings centered around token bonds, called black bonds, and new payment systems that integrate crypto with crypto-commodity pairings.

More information about 1GCX here

The 1GCX team believes they can counter the market hype through joint efforts, doing what they believe is necessary for long-term success.

The first digitized carbon assets

Since May 11, 2022, 1GCX has continued to offer trading pairs with Bitcoin (BTC), Dogecoin (DOGE), Ether (ETH), USD Coin (USDC) and Tether (USDT), in addition to other well-known digital assets. known and physical goods. With a solid foundation, the platform exchange decided to add new cryptocurrency assets every week. He also shares roadmap plans to create the first digitized carbon assets from a variety of offset verifiers around the world. These assets would be available for trading from the fourth quarter of 2022.

Taken together, the family-owned 1GCX invites interested participants to execute crypto transactions through its network as a first step in helping the world reach net zero.

RA Wilson, CTO of 1GCX, reiterates the company’s mission by stating:

“1GCX is well positioned to help achieve a zero net emissions future because we believe in a system of incentives and opportunities. Net zero is about accounting for emissions and sequestration to achieve a balance in our industrialized systems. Our economic principles of open and transparent markets begin with increasing capital flows and accounting for unavoidable emissions through the use of free market solutions such as carbon offsets in a way that benefits everyone.

Hardware is provided in partnership with 1GCX

Disclaimer. Cointelegraph does not endorse any content or product on this page. Although we aim to provide you with all important information we may obtain, readers should do their own research before taking any action related to the company and take full responsibility for their decisions, and this article cannot no longer be considered as investment advice.

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