Introduction
Digital environmental credits are a form of currency that can be traded and used to offset the environmental impact of various activities. These credits represent the reduction of greenhouse gas emissions, the preservation of natural habitats, or the adoption of sustainable practices. They can be used by companies and individuals to offset their carbon footprint or meet regulatory requirements related to sustainability.
Changeblock aims to make it easier and more affordable for individuals, businesses, and governments to offset their environmental impact and contribute to the transition towards a more sustainable future. The company uses blockchain technology to ensure security and transparency in transactions, and also provides market access and insights, as well as auditing, offsetting and sustainability services for corporate business practices.
One of the ways that Changeblock is helping to facilitate the adoption of digital environmental credits is by integrating with artificially intelligent cameras, near infrared sensors, and other types of sensors in real-time. This allows the company to create a guaranteed immutable data stream that can be used to validate and verify the reduction of greenhouse gas emissions or the adoption of sustainable practices. By providing high integrity environmental assets, Changeblock is helping to create a more efficient and transparent market for digital environmental credits.
Overall, the use of digital environmental credits has the potential to play a significant role in the transition to a more sustainable future. By providing a mechanism for individuals and companies to offset their environmental impact and make a positive contribution, these credits can help to drive the adoption of cleaner technologies and practices. Changeblock is at the forefront of this effort, working to make it easier and more affordable for everyone to participate in this important transition.
Changeblock’s Technology
Digital environmental credits, such as digital carbon credits, are a way for individuals, businesses, and governments to offset their environmental impact and contribute to the transition towards a more sustainable future. At Changeblock we aim to make it easier and more affordable for these groups to offset their environmental impact through the use of technology.
One key way that we do this is through the use of blockchain technology. Blockchain is a decentralized, secure, and transparent digital ledger that can be used to record transactions and track assets. By using blockchain, Changeblock is able to ensure the security and transparency of its transactions, which is especially important in the context of environmental credits.
In addition to using blockchain, Changeblock integrates in real-time with sensors and cameras, Changeblock is able to capture accurate and verifiable data about environmental impact and offset projects, ensuring trust in the data being captured and the environmental assets being generated. This data is then independently audited to ensure its accuracy and reliability, adding an additional layer of security and transparency to the process.
The data that Changeblock is able to capture might include data on emissions, energy usage, water usage, land use, and more.
Example: In a carbon offset project, we might use AI cameras to capture images of a forested area, which can then be analyzed using computer vision algorithms to estimate the amount of carbon sequestered by the trees. This data can then be used to generate a digital carbon credit, which can be traded globally.
Similarly, in a water offset project, we might use sensors to measure water usage and flow rates, as well as temperature and pressure sensors to monitor the quality of the water. This data can be used to generate digital water credits, which can be traded in a similar way to carbon credits.
Case Study - NIR in Plastic Credit Creation
Near Infrared (NIR) spectroscopy is a technique that uses the absorption of NIR wavelengths to identify different types of plastics. When NIR light is shone on a sample, the light is absorbed by the sample at specific wavelengths, which can be used to identify the material. This is because different materials absorb light at different wavelengths, creating a unique absorption spectrum.
In the case of plastic identification, NIR spectroscopy is typically used to identify polymers, which are the building blocks of plastics. Polymers have unique absorption spectra, so by analyzing the absorption spectrum of a plastic sample, it is possible to identify the specific polymer(s) present in the sample.
NIR spectroscopy is a non-destructive and non-invasive technique, making it a convenient and cost-effective way to identify different types of plastic. It is also a fast technique, with the ability to identify plastics in real-time, making it useful for sorting and recycling applications.
At Fusion One, NIR sensors are integrated within the system, such as conveyor belts and sorting machines, to automatically identify and sort different types of plastic. This allows the system to separate different types of plastic more efficiently, increasing the quality and value of the environmental credits. The data is signed off at source and brought on chain enabling highly customised plastic credits to be created and issued.
Changeblock can use the data generated by NIR sensors in a recycling plant to generate high quality plastic credits. These credits could be used to offset the environmental impact of producing new plastic, or to incentivize the recycling of plastic materials. By integrating NIR sensors and other technologies into its platform, Changeblock can help to create a more efficient and sustainable economy, while also providing financial benefits for businesses and individuals that are working to reduce their environmental impact.
Overall, the use of sensors and cameras allows Changeblock to capture accurate and verifiable data about environmental impact and offset projects, which can be used to generate high integrity environmental assets that can be traded on a blockchain platform. By using these sensors, Changeblock can gather data on a range of environmental factors, such as air quality, carbon emissions, and temperature.
This data is then used to generate high integrity environmental assets, such as digital carbon credits. Digital carbon credits are a way for individuals, businesses, and governments to offset their carbon emissions by purchasing credits from projects that reduce, remove, or avoid carbon emissions. By using the data gathered from its sensors and cameras, Changeblock is able to generate accurate and reliable digital carbon credits that can be used by individuals, businesses, and governments to offset their carbon emissions.
Changeblock's use of technology, including blockchain and sensors, is helping to make it easier and more affordable for individuals, businesses, and governments to offset their environmental impact and contribute to the transition towards a more sustainable future.
Benefits of Using Changeblock
Streamlining processes: Changeblock's platform can help to simplify and streamline various aspects of the credit development process, such as data management, stakeholder collaboration, and project operations.
Increasing efficiency: By automating tasks and reducing the need for manual data handling, Changeblock can help companies like Fusion One to increase efficiency and save time.
Ensuring security and transparency: Changeblock uses blockchain technology to ensure the security and transparency of transactions, which can help to build trust with clients and stakeholders.
Providing market access and insights: Changeblock's platform can help companies like Fusion One to access new markets and gain valuable insights into industry trends and opportunities.
Meeting regulatory requirements: Changeblock also provides auditing services that can help companies like Fusion One to meet regulatory requirements and demonstrate compliance.
As a risk-led business, Changeblock is committed to upholding the highest standards of integrity and reliability in the generation and trade of digital environmental credits. To ensure that our credits are of the highest quality, we work with world-leading lawyers and independent auditors to ensure that all of our credits meet rigorous standards and are backed by robust evidence.
The use of independent audits also helps to increase trust in the offset process, as these audits provide an objective, third-party assessment of the quality and validity of our credits. This helps to build confidence in the offset market and encourages more individuals, businesses, and governments to participate in offsetting their environmental impact.
The use of blockchain technology also enhances the security and transparency of the offset process. Transactions on the blockchain are recorded in an immutable ledger, which means that they cannot be altered or tampered with. This helps to protect against fraud and ensures that all transactions are accurately recorded and easily verifiable.
In addition to the increased accuracy, reliability, and trust that comes from using Changeblock, the process of generating and purchasing digital environmental credits is also streamlined and efficient. Our real-time integration with sensors and cameras allows us to capture accurate and verifiable data about environmental impact in a timely manner, and our use of blockchain technology enables efficient and secure transactions. This makes it easier and more affordable for individuals, businesses, and governments to offset their environmental impact and contribute to the transition towards a more sustainable future.
Changeblock's network of advisors and partners is a key benefit of working with the company. This network includes registries, investment banks, financial districts in London and Toronto, environmental markets specialists, and world-leading lawyers.
Having a strong network of advisors and partners helps to increase the credibility and reliability of Changeblock's services. The company is able to draw on the expertise and experience of these partners to provide high-quality services to its clients.
In addition, Changeblock's partnerships with organizations in the financial sector, such as investment banks, can help to increase the liquidity and accessibility of digital environmental credits. This makes it easier for individuals, businesses, and governments to offset their environmental impact and contribute to the transition towards a more sustainable future.
Furthermore, Changeblock's partnerships with environmental markets specialists and world-leading lawyers provide additional reassurance to clients that they are working with a reputable and trustworthy company. These partnerships help to ensure that Changeblock's services are compliant with all relevant regulations and standards, helping to reduce risk and uncertainty for clients.
Overall, the benefits of using Changeblock include increased accuracy and reliability of data, guaranteed immutability of data through the use of blockchain technology, and a streamlined and efficient process for generating and purchasing digital environmental credits. Additionally, Changeblock's strong network of advisors and partners helps to increase the credibility and reliability of the company's services, making it an attractive choice for individuals, businesses, and governments looking to offset their environmental impact.
Case Study
Case Study: Unnamed Fund Pre-Purchases $100,000 USD of Digital Plastic Credits from Changeblock
Unnamed fund from EMEA, has made a pre-purchase of 100,000 USD worth of Fusion One and Changeblock's digital plastic credits. This decision was made due to the high quality and security of the credits produced by Changeblock's technology.
Changeblock's innovative use of artificial intelligence cameras, near infra-red sensors, and other sensors allows for the real-time capture of accurate and verifiable data on plastic recycling and other environmental projects. This data is then used to generate high quality digital plastic credits that can be traded globally on the Changeblock platform.
The unnamed fund recognizes the value in supporting sustainability initiatives and is confident in the reliability and security of Changeblock's digital plastic credits. The transaction will be visible on the Changeblock meta-registry registry upon completion.
