The Coorest Carbon Standard Now Officially Certified

PRESS RELEASE. Coorest, a Polygon-native project, is the archetypal blockchain task to person a certified modular for c compensation wholly on-chain — allowing anyone with an net transportation to compensate for their c footprint, thereby demonstrating that the recently certified Coorest Carbon Standard (CCS) is an fantabulous alternate to different pre-existing standards.

As a effect of the caller standard, each activities related to c compensation indispensable beryllium carried retired done the blockchain; this ensures that each steps of the c compensation process are disposable astatine each times and the process is transparent.

The Floodlight Chainlink node introduces a caller level of accountability by monitoring c seizure projects via outer and validating the c seizure process with outer data. This diagnostic proves existent c capture, thereby ensuring that Coorest’s c tokens are provably backed by absorbed CO2. Furthermore, the modular guarantees the additionality of Coorest’s c tokens, backed by c capture. Before exploring the details down the CCS, it is indispensable to recognize what makes it a morganatic methodology for c compensation.

Certified by an authoritative United Nations auditor

The CCS is certified by Earthood, an authoritative United Nations auditor. Earthood recognises Coorest’s CO2 tokens arsenic a valid c compensation method.

The methodology of CCS includes a strict acceptable of rules for c seizure projects. Among these is the request for the additionality of c capture. Carbon seizure projects tin lone tokenise c from recently planted trees that respect the region’s biodiversity. Therefore, planting autochthonal histrion taxon is preferable, portion utilizing invasive taxon is strictly prohibited.

Finally, the c seizure task indispensable taxable to regular outer monitoring and hold that its c seizure tin lone beryllium utilized arsenic c compensation successful the signifier of Coorest CO2 tokens; this guarantees the validity of Coorest’s c modular and ensures accountability close from the beginning.

Carbon compensation secured by astute contracts

Smart contracts are blockchain programs that automatically tally erstwhile definite conditions are met. For example, Coorest c tokens are minted by astute contracts. It is done to unafraid the tokenisation of c and guarantees that each c tokens are backed by c capture.

There are 2 main conditions required by Coorest’s astute contracts to mint c tokens — outer information and CO2 absorption calculations.

CO2 absorption calculations made by Coorest’s subject squad are the archetypal request for minting c tokens. These calculations are entered manually into the astute contracts successful a well-documented process. They see the ungraded type, histrion species, clime and geography of the c seizure task and find the complaint astatine which it volition make c tokens.

Carbon seizure verified done outer monitoring

The 2nd prerequisite for minting c tokens is outer information — a merchandise of Coorest’s caller concern with Floodlight and integration of Chainlink.

Floodlight tracks and monitors the trees of each c seizure projects approved by Coorest. It collects information and sends it to Coorest’s astute contracts via the Chainlink network.

Once a task is on-boarded, Floodlight takes a “snapshot” of its trees and uses it arsenic a reference. Floodlight past does a monthly biomass cheque utilizing satellites and compares the information to the archetypal “snapshot”. This monthly biomass cheque is done to guarantee that the trees connected the c seizure task are present. They proceed to sorb c astatine the complaint determined by Coorest’s subject team. In addition, the astute contracts halt generating c tokens if excessively galore trees dice oregon are removed from the c seizure project. It guarantees that Coorest’s c tokens are backed by effectual and continuous c capture.

The outer validation of c seizure and the integral usage of astute contracts supply Coorest’s c compensation method with unparalleled transparency and accountability. The support of the Coorest Carbon Standard is an tremendous milestone for Coorest. However, it is besides an juncture with a colossal interaction connected the c market.

About Coorest

Coorest helps companies and individuals compensate for their CO2 emissions by offering transparent and traceable blockchain-based web3 solutions.

As the archetypal web3 task with an officially certified blockchain c standard, Coorest strives for global, unbiased and transparent compensation solutions, astatine the halfway of which is blockchain technology. By offering 100% traceable CO2 compensation solutions and a decentralised platform, Coorest aims to disrupt and innovate c compensation solutions.

Learn much astir Coorest by visiting coorest.io or pursuing the societal media channels:

Twitter I Discord I Telegram I LinkedIn

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