Web 3.0 is the term to describe the latest version of the internet in which information and data is accessible to the internet community versus being owned by large private companies. To achieve this, Web 3 makes use of blockchain and cryptocurrency technology to create a different form of ownership.
Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a public digital ledger of transactions that is duplicated and distributed across a network of computer systems.
NFT stands for "non-fungible token." At a basic level, an NFT is a digital asset that links ownership to unique physical or digital item, such as works of art, real estate, music, or videos.
Carbon Title uses Web 3.0 technology to take what has been an opaque process rife with "greenwashing," and make it transparent, verifiable and traceable. We believe this ultimately builds trust with tenants, employees, equity partners and other stakeholders.
Building Emissions
The carbon that is emitted during construction (embodied carbon) and the carbon needed to light, heat and cool the building (operational carbon) are recorded on the blockchain creating a permanent record of emissions for each particular building. This emission data is stored on a Building NFT, which makes it
Building NFT
Your building data is stored as a non-fungible token (NFT) containing key information making it easy to benchmark your progress, differentiate from competitors and easily transfer ownership if you sell the building.
Smart Contracts
Smart contracts associate the carbon credits purchased with a particular building creating an everlasting record of your building's carbon story for the world.
Carbon Credit NFTs
Carbon credits are unique, non-fungible commodities. Our NFTs contain all the information about the carbon credits you purchase ensuring that they haven't been sold to multiple buyers and allowing you to trace the credits back to the source and tell your unique carbon story to your stakeholders.
