The earth is in a tough spot. Human beings have proven to be the most advanced species on the planet, at least to date. But that comes at a price to Planet Earth.
Our civilization building has begun to warm the only habitat we have ever known. According to a joint statement issued by NASA and the National Oceanic and Atmospheric Administration, 2016 was officially the hottest year known to man. Studies have also shown polar ice caps melting and oceans rising.
Considering that we are orbiting a dying star in a black infinite spacetime, our options for a new home may be limited.
Governments have taken note and developed systems to encourage positive change, fueled by environmental mandates and economic incentives offered to the largest industries that are both responsible for and have the ability to course correct this dangerous trend. These incentives are also known as carbon credits.
Carbon credits may seem esoteric to the lay citizen but is critical to the survival of our planet’s continued health and sustenance. A product of this move towards rewarding good actors with carbon credits that they can leverage like cash in the marketplace, has been the creation of Commodity Impact Factor (CIFs). This innovation allows companies to quantify and standardize the environmental impact of producing commodity goods.
In partnership with Xpansiv we built a platform/network around generating carbon impact credits in a more dynamic, realtime transparent way. Ultimately their platform is designed to bring ways to implement standards within various industries and then accredit the production of the commodities in such a manner that is within compliance of independent standards bodies. This leads to the separation of credits from the physical items which markets can then exchange as needed to make reductions at the end-users supply chain to meet changing regulatory and fiduciary requirements. Two key tenants of this new paradigm is automated data exchange and secondary compliance verification steps which go above and beyond today's current carbon credit processes.