About

Veridium is a blockchain based platform for automating the world's carbon markets

History

The high-level goal of Veridium project is to build a carbon-neutral world through creating a regenerative economy that will sustain the planet’s natural resources. This regenerative economy should constantly renew the resources that are being consumed, and this could be leveraged through the usage of carbon credits.

Veridium is building a blockchain based marketplace and protocol that will facilitate the usage and trading of carbon credits.

Veridium uses a two-token model:

The Carbon token, which represents a single carbon credit backed by a diversified portfolio of internationally verified carbon credits. The diverse portfolio is managed by the Veridium Foundation, a Canadian non-profit foundation.

The Verde token, which is the worlds first “carbon positive” crypto-currency, is the base currency on the Veridium Marketplace. Through Veridium’s partnerships, companies using supply chain management software on Hyperledger Fabric can automatically use Verde to calculate the carbon liability of a transaction and offset that liability purchasing and burning the Carbon token and retiring the underlying carbon credits from the Veridium Foundation carbon bank.

Veridium is using Stellar blokchain for the token issuance.

The project is led by the founders of InfiniteEARTH, who created both the first REDD+ carbon accounting methodology, now embodied in the UN Paris Agreement, and the first validated REDD+ project to use it.