Technology
Carbon Block’s™ network is built on a blockchain backbone. Carbon Block™ leverages two of blockchain’s main value propositions, specifically the prevention of double spend and the audit trail. Unfortunately, double-spend is a major problem in the carbon markets, double-spend being a situation where a single carbon offset is claimed by two separate entities.
The audit capabilities of the blockchain allows Carbon Block™ to validate measurements in an automated fashion, thereby eliminating the manual inputs that makes traditional environmental auditing so resource intensive (time and money).
