About Carbon Credit Independent Proof [CCIP]
CCIP aims to build transparency for the voluntary carbon credit [VCC] market.
It provides a way to issue verified carbon credit as an NFT.
VCC is a US$2 Bn market and is expected continue to grow to US$100 Bn by 2030.
But it remains opaque with legacy and inefficient tracking methods. CCIP solves this.
How it works:
1. For every new carbon credit generated, we deploy CCIP. This CCIP serves as the carbon credit. There are three types of CCIP.
M1 is 1 unit of carbon emission offset.
M2 is 10 units of carbon emission offset.
M3 is a customisable units of carbon emission offset.
2. Creator of CCIP will issue the carbon credits to the buyer by minting it to the buyer address.
3. CCIP will be in Active mode and remains transferrable. There is no need for intermediary to process this transfer.
4. Whenever the owner wants to retire the carbon credit, they will only need to retire the CCIP.
CCIP uses NFT technology to provide transparency for VCC.
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