Veridium: The Ultimate Savior of Natural Capital Assets

Veridium: The Ultimate Savior of Natural Capital Assets

Startups
December 20, 2019 Editor's Desk
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Veridium Labs is a collaborative initiative to build a regenerative economy that nurtures our planet’s natural resources and lessens carbon emissions. It is an environmental blockchain company that turns industry-standard carbon offsets into freely tradeable tokenized assets.  Veridium Labs is headed by the founders of InfiniteEARTH, a leading global carbon credit producer. At InfiniteEARTH, Veridium’s
Veridium

Veridium Labs is a collaborative initiative to build a regenerative economy that nurtures our planet’s natural resources and lessens carbon emissions. It is an environmental blockchain company that turns industry-standard carbon offsets into freely tradeable tokenized assets. 

Veridium Labs is headed by the founders of InfiniteEARTH, a leading global carbon credit producer. At InfiniteEARTH, Veridium’s team created the first REDD+ carbon accounting methodology, now included in the UN Paris Agreement, and the first validated REDD+ project to apply it. 

Those applications protect over 64,000 hectares of forests and give sanctuary for over 100 threatened or threatened species

Veridium is building a tokenized marketplace for natural resources, starting with carbon credit assets. Veridium tokenizes carbon credits into fungible assets that have liquidity on an enterprise-grade platform. 

It will bridge multiple liquidity pools like traditional commodities trading markets, corporate traders & end-users, market makers, and the crypto-currency community.

Veridium Labs’ mission is to stimulate the transition from an unsustainable extractive economic model to an utterly regenerative economy by embedded environmental influence costs into the costs of all goods and services we consume.

Veridium’s first token, the CBNR token, signifies a single REDD+ carbon credit supported by a diversified portfolio of globally verified carbon credits. 

This solution clarifies all of the complex variables essential to carbon credit offsetting through a unique, effortlessly transferable asset. The credits are obtained from a diverse portfolio of projects that are managed by the Veridium Foundation.

The carbon accounting and offsetting process are achieved via the EcoSmart-Protocol, technology, and set of standards detailed by sister company EcoSmart Labs for automatically integrating carbon credits into corporate transactions and supply chain management.

IBM partnered with environmental fintech startup Veridium Labs to transform carbon credits tradable instruments that allow an economic stimulus to those who want to decrease their greenhouse gas emissions into blockchain-based tokens.

In a press release, the two companies declared a partnership to “transform the carbon credit market using IBM blockchain technology to make it easier for companies to offset their environmental footprints.”

IBM and Veridium’s initiative, also supported by Stellar, could prominently simplify carbon credits trading, thus making carbon credits more appealing and willing to sustainable development and environmental conservation.

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