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Eco-friendly goods are evolving thanks to new blockchain-based infrastructure

Eco-friendly goods are evolving thanks to new blockchain-based infrastructure

In recent years, caring for the environment has become a global priority, as evidenced by a new record level of 414.72 parts per million of carbon dioxide emissions in 2021, according to the Climate.gov website of the US National Oceanic and Atmospheric Administration. Recognizing the impact of these emissions on climate change, many countries have announced their efforts to achieve zero emissions.

The United States has shared its plan to measure environmental goods through the Bureau of Economic Analysis, while Denmark has led a plan to reach zero emissions by 2050. likewise, global climate change will no longer be a threat to human survival.

Consequently, 1GCX President and Founder, Michael Wilson, says: “Green goods, an asset class that exists as intangible energy credits, is now recognized as the most important value creator in the next 10-50 years.” With the advent of these products, the global community will have no choice but to strive for cleaner energy consumption, thereby reducing greenhouse gas emissions.

Unfortunately, even though the world is orientated towards the green path, few understand what this path forward looks like. While some acknowledge that a decentralized model that includes cryptocurrencies and digital assets makes sense as part of a sustainable solution, others still believe that these assets are not sustainable and any associated use cases are simply speculative.

1GCX, a platform founded in 2021 as The Global Carbon Exchange, is actively addressing these issues. The exchange is a green technology that can bring the benefits of new markets for market valuations in cryptocurrencies, highlighting the most promising projects in this area. As a result, the two-way carbon trading bridge is becoming part of a broad, holistic market that can foster acceptance, learning, and networking within the crypto industry.

Commodity approach

Unlike others in the field, 1GCX has taken a commodity-focused market approach to reorganize its financial markets. In addition, the pooling and cross-application of cryptocurrencies, commodities and carbon credits sets this platform apart from other exchanges. For users, this means a new user experience for trading on the platform with access to live carbon and energy markets. In this way, 1GCX, as a centralized financial exchange, will become a clearing house to attract interest and direct capital flow to the most promising projects, as well as to support the admission of new participants starting their journey in Web3.

Looking to the rest of the ecosystem, users will come face to face with transformative offerings based on tokenized bonds called black bonds and new payment systems that integrate cryptocurrency with cryptocurrency-commodity pairs.

More information from 1GCX here

The 1GCX team believes they can fight the hype in the marketplace by working together to do what they believe is necessary for long-term success.

First digitized carbon assets

As of May 11, 2022, 1GCX continues to offer trading pairs with Bitcoin (BTC), Dogecoin (DOGE), Ether (ETH), US dollars (USDC) and Tether (USDT) in addition to other well-known digital assets and physical commodities. With a solid foundation, the platform exchange decided to add new crypto assets every week. He also shares roadmap plans for the creation of the first digitized carbon assets from various offset verifiers around the world. It is reported that these assets will be available for trading as early as the fourth quarter of 2022.

Collectively, the family-run 1GCX invites interested participants to conduct crypto transactions through its network as a first step towards helping the world reach net zero.

R.A. Wilson, CTO of 1GCX, reiterates the company’s mission, stating:

“1GCX is well positioned to achieve a zero-emissions future because we believe in incentives and opportunities. Net zero is about accounting for emissions and capture to achieve a balance in our industrialized systems. Our economic principles for open and transparent markets start with increasing the flow of capital and accounting for inevitable emissions through the use of market solutions, such as carbon offsets, in a way that benefits everyone.”

Material provided in partnership with 1GCX

Denial of responsibility. Cointelegraph does not endorse any content or product on this page. While we strive to provide you with all the important information we can obtain, readers should do their own research before taking any action related to the company and take full responsibility for their decisions, and this article should not be considered investment advice.

Written by khirou

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