DECA, modernizing the carbon credits industry
DECA “MODERNIZING THE CARBON CREDITS INDUSTRIES, WITH CUTTING EDGE TECHNOLOGY.
Since the regular increase of global warming which was caused by the excess emission of carbon dioxide from the industries today. The government has set aside a certain permit that allows industries to release a lesser amount of carbon dioxide into the environment. This permit is called ( carbon credit).
A carbon credit is a tradable permit, that allows any company in the custody of it to emit a measured amount of carbon dioxide and other greenhouse gasses. A certain permit is equal to the emission of one tone of carbon dioxide, or any greenhouse gas. This permit was created in other to reduce the effect of global warming.
TYPES OF CARBON CREDITS.
Practically, there are two types of carbon credits, namely.
Voluntary emission reduction. (VERY)
Certified emission reduction.
VOLUNTARY EMISSION REDUCTION.
This permit allows the exchange of carbon offsets in an open market, voluntary for credits, organizations and private sectors can buy carbon credits to compensate for its emissions doing voluntary offsetting.
CERTIFIED EMISSION REDUCTION.
This is platforms, that creates an emission unit, for the aim offsetting a project emission.
TRADING OF CREDITS.
Carbon credits could be sold to commercial and private companies, although there is no fixed price for carbon credits, due to the difference of the supply and demand rate in various countries, the price is unstable. Improvision has been made by creating exchange platforms that look like stock exchange markets for carbon credits, where buyers and sellers can exchange carbon credits. But there is one thing certain in this life, things don’t always go as planned. There are some serious difficulties facing the trading of carbon credits.
PROBLEMS WITH CARBON TRADING.
Fraud In The Project Based Market.
Carbon Credit Quality
As they say, for every challenge there is a solution.
In other to tackle the challenges facing the carbon credits industries, DECA platform has been created.
ABOUT DECA PLATFORM.
DECA is one of the leading platforms that tend to reduce global warming by reducing the rate of emissions from companies and improving the rates in which carbon credits are traded by industries in the custody of it, through the aid of blockchain technology and experienced team members.
We aim to reduce global warming by 50% in the year 2050. DECA plans to create a decentralized application (DAPP) that is designed to favor the carbon credits by a Proof of trust consensus. We propose to change the original proof of work with an eco-friendly technology that solves the excess spending issue with a mechanism based on Proof of trust Consensus, where trusted parties can vote and trust.
The DECA platform wishes to improve the wrong emission of carbon by adapting to the principles, protocol, and by providing the system of Paris Agreement to a worldwide audience.
Cyber Security Of The System:
With the blockchain technology, all software and data, community patches, and proof of trust consensus are saved in the system and can not be attacked by cyberbullies.
Double Spending Of Carbon Credits:
We create open decentralized stakes, based on distributed hash table registries.
Carbon Credit Quality:
We ensure the best quality of carbon credits by voting staking mechanism where miners intend based on information.
Demand & Market Liquidity:
Once any products are purchased DECA platform allows the project owner to finance further green projects.
Market Entry Barrier :
We create easy access for individuals through the purchase of DECA
In every organization, funds are really necessary. The DECA token is a native ERC20 standard utility token issued on the Ethereum blockchain. It constitutes the soul and heart of the DECA platform. The DECA token is designed as a means of payment in the DECA platform, it serves as an access to individuals' carbon credits and could be used for purchasing carbon credits into the DECA platform.
With DECA platform, private and public investors are free to acquire carbon credits without stress, DECA also reduces carbon emissions from companies through the aid of blockchain technology.
Thanks to DECA platform the rate of global warming is reducing drastically.
Our Amazing Road Map.
We’re addicted to the satisfaction of our clients, we have provided links to some social media platforms below, feel free to contact us.
Bitcoin username: light onuoha
Bitcoin profile link: https://bitcointalk.org/index.php?topic=action=profile;u=2752001
Telegram username: @light197860.
Originally published at https://medium.com on July 8, 2020.