CarbonClick minting C02 on CENNZnet

A few months ago we had a spectacular hackathon helping our partner, CarbonClick, to take their key functionality onto the CENNZnet blockchain. Now we are super excited to announce that the final product is now live on the blockchain!

The team has minted 5,000 NZD worth of certified CO2 credits onto CENNZnet. These verified CarbonClick carbon credits can now be bought and either sequestered or sold on-chain.

To celebrate CarbonClick’s groundbreaking achievement and maintain our commitment to unfucking the world, we are using the new system to go carbon negative.

Saving the world takes everyone, including blockchains. To contribute to combating the increasingly critical climate situation, CENNZnet has gone carbon negative.

We have purchased enough verifiable on-chain carbon credits to offset CENNZnet’s historical and predicted future impact. Even cooler, every time our network is used we will purchase and sequester more carbon so our chain will become more carbon negative the more it’s used!

CarbonClick has created a fully decentralised structure where genuine carbon credits could be minted, trusted by the community and then bought by individuals who could either sell them on or sequester them (take the carbon out of the system).

So how did they do it?

OR

5. Sequestering carbon credits: A user can sequester their carbon credits on the chain, symbolising that the carbon has been taken out of the atmosphere. To do this they send their purchased carbon credits to the Sequester Wallet. This is a wallet on the chain which no one has access to, meaning all tokens in this wallet are essentially outside the system and can never be used again.

Thanks to CarbonClick’s success, building on CENNZnet is not just fast and friendly, it’s also carbon negative. As a network we are constantly tracking and sequestering so that we’re helping the planet.

DApps on our network will also be able to access the on-chain carbon credits so you can easily include company or user offsetting as part of your own climate action plans!

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