Business Overview
- The business idea of the project was to create a platform for all the users/parties involved in the process.
- And enable them to create projects, invest in them, buy the carbon credits, retire or sell them, and trade the platform token.
- All the function of carbon credits is automated and done via smart contracts.
The Challenge
- The third-party registries issue the carbon credits to project developers.
- The verification process was very lengthy and detailed for people developing the project.
- The current market does not include a platform where project developers can verify, create, and raise funds.
- Building the platform on-chain and creating/retiring the carbon credits via smart contracts.
Our Solution
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Secure Platform
The platform is safe, secure, and transparent, with an easy and fast project onboarding process.
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Trade & Offset
Customers can trade by buying and selling carbon credits. They can also offset carbon credits.
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Quality Control
Monitoring, Rating, and Verification (MRV) quality control via independent accredited third parties are provided.
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Environment-Friendly
EnverX is an environment-friendly (proof of stake) blockchain solution.
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Fundraising
It enables fundraising for future carbon projects through sales of future carbon credits.
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No extra charges
Offer quality control of carbon credits without the client needing to pay for the expensive due diligence.
Project Features
- EnverX is a software solution that addresses the supply and demand problem of high-quality carbon credits.
- It makes the matching between buyers and sellers of carbon credits with full disclosure of the carbon price and without intermediaries.
- Enables fundraising for future carbon projects through sales of future carbon credits & offers quality control of such credits without the client needing to pay for the expensive due diligence.
Project Outcome
- SoluLab built a platform where multiple types of users can perform their respective activities and fulfill their purpose.
- We provided an efficient process with the journey of carbon credits from creation to retirement/selling.
- The team at SoluLab created erc1155 and its factory contract to convert the carbon credits into NFT.
- When retiring, the carbon credits will be disposed of by burning. Subsequently, in the event of selling by burning and converting them into EVX tokens.
Technology Stack
Client Testimonial
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