Carbon credits are a market-based approach to reducing greenhouse gas emissions. The blockchain-based platform revolutionized the carbon credits industry. It leverages the power of decentralized ledger technology to enable transparent, secure, and efficient tracking and trading of carbon credits.
Also, it ensures the authenticity and traceability of carbon credits, making it more difficult for fraudsters to produce fake credits. The platform also eliminates intermediaries, enabling direct interaction between buyers and sellers, and reducing transaction costs. This results in a more efficient carbon credit market, which can encourage greater participation in emissions reduction initiatives.
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