MELBOURNE, Australia,
Nov. 25, 2017 /PRNewswire/ -- In
the 21st century, climate change has been a
much-discussed topic by scientists from every corner of the world.
The alarmingly increasing rate of global warming, mainly due to
carbon emissions, has made 2016 the warmest year in history.
Global warming issues have brought world leaders together on
many occasions, as they cooperate to combat the daunting task of
reducing carbon emissions. However, it is only recently that a
compelling solution was found.
Reducing carbon emissions begin with managing carbon footprints
on an industrial scale. Businesses would require an accurate ledger
to track all carbon emissions, be it in manufacturing or farming.
Blockchain technology offers such capabilities, guaranteeing
transparent and verifiable records that cannot be tampered with. It
will replace the current carbon tracking system that was created by
the United Nations as it lacks visibility and credibility. There is
also the issue of double counting carbon incentives and having
different standards in different jurisdictions.
This is where "carbon currency" comes into play. With a new
universal ledger, governments are able to assign culpability
accurately and reliably. Carbon currency can be used to pay for the
negative carbon impact created and likewise be used to rebate
carbon reduction projects.
Sustainable projects to regrow or preserve the rainforests are
one of the most effective means of reducing carbon emission in an
extensive and economical way. The forest ecosystem is a natural
counter to carbon dioxide as they recycle and reduce carbon
footprints. In order to incentivize green projects, carbon credits
can be offered to motivate businesses to lessen their negative
impact on the environment.
Carbon currency could also motivate the development of
peer-to-peer renewable energy trades. Businesses will now be able
to trade or exchange renewable energy assets freely on a
cryptocurrency exchange.
Jon Downing, CEO of Quotient
Capital, explains, "Blockchain technology enables us to allocate a
financial value on the planet's resources, something that was never
done before. This means that we will now know exactly how much of
the environment goes into every manufactured product, and more
importantly who are the parties responsible. This is a significant
leap towards world preservation. Quotient Capital is currently
exploring all potential opportunities that could arise from these
exciting developments."
Quotient Capital
Quotient Capital is a blockchain asset investment management
company founded in Australia,
2004.
The firm started as a conventional asset management company
before focusing primarily in the acquisitions and trading of
various cryptocurrencies, as well as investments into
cryptocurrency-related companies and assets.
Quotient Capital currently has 5.8
billion USD assets under management and five offices
globally.
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SOURCE Quotient Capital