Marketplace For High-Quality Carbon Credits
Business Overview
- The business idea of the project was to create a platform for all the users/parties involved in the process.
- And enable them to create projects, invest in them, buy the carbon credits, retire or sell them, and trade the platform token.
- All the function of carbon credits is automated and done via smart contracts.
The Challenge
- The third-party registries issue the carbon credits to project developers.
- The verification process was very lengthy and detailed for people developing the project.
- The current market does not include a platform where project developers can verify, create, and raise funds.
- Building the platform on-chain and creating/retiring the carbon credits via smart contracts.
Our Solution
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Secure Platform
The platform is safe, secure, and transparent, with an easy and fast project onboarding process.
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Trade & Offset
Customers can trade by buying and selling carbon credits. They can also offset carbon credits.
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Quality Control
Monitoring, Rating, and Verification (MRV) quality control via independent accredited third parties are provided.
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Environment-Friendly
EnverX is an environment-friendly (proof of stake) blockchain solution.
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Fundraising
It enables fundraising for future carbon projects through sales of future carbon credits.
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No extra charges
Offer quality control of carbon credits without the client needing to pay for the expensive due diligence.
Project Features
- EnverX is a software solution that addresses the supply and demand problem of high-quality carbon credits.
- It makes the matching between buyers and sellers of carbon credits with full disclosure of the carbon price and without intermediaries.
- Enables fundraising for future carbon projects through sales of future carbon credits & offers quality control of such credits without the client needing to pay for the expensive due diligence.
Project Outcome
- SoluLab built a platform where multiple types of users can perform their respective activities and fulfill their purpose.
- We provided an efficient process with the journey of carbon credits from creation to retirement/selling.
- The team at SoluLab created erc1155 and its factory contract to convert the carbon credits into NFT.
- When retiring, the carbon credits will be disposed of by burning. Subsequently, in the event of selling by burning and converting them into EVX tokens.
Technology Stack
Client Testimonial
“We closely worked with the SoluLab team to create a platform that we envisioned. Converting our ideas and keeping our end-user experience in mind, SoluLab developed an interactive and one-of-a-kind platform that we are proud of.”
Bela Gulacsi
Founder, EnverX UG
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