Ascend Bit has teamed up with Carbonmark to introduce a solution that allows users in Thailand to offset their carbon footprints using a tokenized carbon credit system within the TrueMoney Wallet. This partnership makes it possible for over 20 million active users to engage in carbon offsetting effortlessly by purchasing credits that are linked to various environmental projects, such as forestry and renewable energy. The credits are securely processed and recorded using blockchain technology.
The tokenized carbon credit system offers a user-friendly experience where individuals can pay in Thai Baht and choose from a range of verified projects. The tokenized carbon credits represent offsets of 70 to 930 kg of CO2, with options to maintain carbon neutrality for periods ranging from seven to ninety days. By utilizing blockchain, the solution ensures real-time carbon retirement and generates NFT certificates as proof of participation, which are securely stored on the Polygon blockchain.
The use of blockchain makes the process faster and more reliable, providing users with a verifiable way to track their environmental contributions.
Image Credit: Ascend Bit x Carbonmark
