Veridium Has Created a Transformative
Environmental & Social Impact Offset Token
Veridium is collaborating with IBM to help transform the carbon credit market using blockchain technology
VERIDIUM IN THE NEWS:
WHAT IS VERIDIUM?
The Veridium Ecosystem, built on the STELLAR Blockchain, is a collaborative initiative between a coalition of industry leaders including EcoSmart Labs, Brian Kelly Capital Management, IDEAcarbon, Everland and CBL Markets, with IBM providing the token architecture and token interface with its various industry specific Hyperledger Fabric blockchain platforms.
Using a set of proprietary protocols developed by EcoSmart Labs, Veridium has created a net-positive environment social impact offset token, called VERDE. This ground-breaking new “EcoSmart-Offset Token” digitizes the underlying environmental assets and fully automates the entire complex process of carbon accounting and offsetting into a solution that can be seamlessly integrated into enterprise and consumer transactions using blockchain technology. The protocols also offset the carbon emissions associated with the digital token itself, thereby mitigating the growing concern over the carbon emissions associated with the blockchain industry.
VERDE, an “EcoSmart‘ digital offset token (VRD) built on the Stellar blockchain, is the world’s first net-positive social & environmental impact offset integration solution.
Embedding Environmentally & Socially Positive Impacts When Used.
Transforming the World’s Supply Chains into EcoSmart-Commodities
Saving the World’s Rainforests with the “Power of the Purse”
Tackling Climate Change at the Point of Consumption
Unlocking the Full Value Potential of Our Planet’s Natural Capital
WHAT PROBLEM DOES VERIDIUM SOLVE?
The world needs viable, market‐ready solutions to meet the challenges of climate change and other social & environmental issues such as deforestation, biodiversity loss, and the need to meet the United Nations’ Sustainable Development Goals.
Simultaneously, the world’s largest corporations face enormous environmental liabilities that could lead to billions of dollars in write‐downs of stranded‐assets resulting in significant losses to shareholder value.
While, the primary academic and political focus has been to address these issues at their “point of production”, Veridium is offering a disruptive market-based solution engineered around the “point of consumption”.
Through a set of EcoSmart-Protocols™, Veridium’s founding members have engineered environmental impact mitigation directly into the EcoSmart-Offset Token itself.
Simply by using VERDE, the underlying environmental impacts (such as the carbon footprint of products) are automatically mitigated and quantifiable positive social impacts are created.
HOW WILL VERIDIUM BE APPLIED?
ENTERPRISE APPLICATIONS OF VERDE
Under the EcoSmart-Protocols™, each VERDE is embedded with a “carbon charge”, giving it an “Emissions Offset Capacity (EOC).
Each VERDE can be thought of as a battery, with all aggregated digital offset tokens functioning as a bank of batteries. The bank discharges a portion of its carbon capacity (EOC) as each VERDE is used in an EcoSmart-Trade™.
Veridium is working with IBM and Stellar blockchain to integrate VERDE into an Oil & Gas Trading Platform, built on Hyper-Ledger Fabric. Once integrated, commodities exchanged on this platform will be automatically mitigated using the EcoSmart-Protocols™.
CONSUMER APPLICATION OF VERDE
Using the EcoSmart-Protocols™, Veridium is building a consumer offset integration app called VERDEPAY™, empowering consumers to change the world by converting their purchases into positive social & environmental impacts – with no extra effort and minimal cost.
The alpha version of the VERDEPAY™ app was built at the AngelHack Hackathon in Silicon Valley April 28th, 2018, with the Beta version anticipated to be released in June or July 2018.
Veridium has also developed the protocols to offer a unique rewards debit/credit card that will allow consumers to make EcoSmart‐ Purchases™ . The VERDEPAY™ debit/credit Rewards card will use the EcoSmart‐Protocols™ to automatically offset the environmental footprint of everything purchased on the card. Additionally, through its Rewards program, cardholders will receive VERDE as a “Cash Back” on every transaction.
The VERDEPAY™ Credit/Debit card will be released once we receive 10,000+ applicants.
WHO IS WORKING WITH VERIDIUM?
Veridium’s partners are leaders in the Environmental and Fintech industries.
This uniquely positions Veridium to assume a leadership position in the inevitable paradigm shift as our global economic model transforms into a sustainable, then to a Regenerative Economy, driving an immutable value realignment for the world’s dwindling Natural Capital.
A HISTORY OF EXCELLENCE
Veridium’s Founding Partners have a 25-Year History of providing environmental solutions to some of the world’s most respected Fortune 500 companies including:
VERIDIUM’S WORLD-CLASS TEAM
THE VERIDIUM BOARD OF ADVISORS