Sabtu, 09 November 2019

CARBON OFFSET INITIATIVE


Introduction:
Carbon Offset Initiative is a green solution for waste and data traceability in different industrial spheres, starting with the shipping industry, using innovative Blockchain technology to enhance productivity in collecting, tracking and recycling waste from different sources. Our aim is to help organizations save energy, reduce costs and build broader commercial value while resolving environmental and social issues. COI team has decades of experience in green business, passion and commitment to re-build a green planet for the next generations.
Carbon footprint and pollution are increasing in front of our eyes and in order to get back on right track we have to change our habits and act together, only together we can change present environmental issues, save our habitat and preserve Earth’s natural resources for further generations. Let’s make a difference together, while it’s not too late. Carbon Offset Initiative is a green solution for waste and data traceability in different industrial spheres, using innovative Blockchain technology to enhance productivity in collecting, tracking and recycling waste from different sources. Our mission is to help organizations and enterprises save energy, reduce costs and build broader commercial value while addressing environmental and social issues.
CARBON OFFSET INITIATIVE SOLUTION:

With our extensive experience in waste recycling, we have been deeply involved in the reality of the recycling processes of oily waters and slops. There are three key concerns for shipping companies and owners:
– Is the recycling job done legally, timely, and in a quality manner for the given quantity?
– Are the involved parties paid according to agreements and minimum payments in cash?
– Have we overpaid (hidden theft)?
After we have identified the control problem as a root cause for illegal spillage and fuel theft, we have devised a cost efficient, easy to implement and operate solution for remote monitoring of bunker and waste processing based on Blockchain. Our solution has two layers, the hardware consisting of measurement and telecommunication devices, and the software. COI’s platform can be adapted to ship owners’ needs (emissions, speed, positioning, weather, etc.)
CARBON OFFSETTING THROUGH AFFORESTATION:
Another of our important and impactful carbon offsetting initiatives, that has been already under way for several years - is afforestation. You have been hearing it for years - climate change IS happening. Atmospheric carbon dioxide levels are the highest in the past 400.000 years, confirmed by our analysis of hundreds of samples of arctic ice cores and fossils. Average global land temperature has risen 0.8 degrees Celsius since the industrial revolution began, with two thirds of the change occurring since 1975³². The evidence is overwhelming, this is a fact and anyone who denies it is just wrong. As this trend continues, we will see more and more extreme weather conditions - stronger and more frequent storms, heat waves and dry outs, the sea levels will continue to rise even after the ice caps vanish during summer months, in about 30 years. And as a result of all this, not only nature, but the world economy will also inevitably suffer.
The world has been making efforts in order to reduce its carbon dioxide emissions, but the change is happening too slowly; the most effective event that has happened in the past 10 years to battle carbon emissions - was the global financial crisis. Countries are continually missing carbon targets. According to the European 20-20-20 targets, after 2020 we are going to face up to EUR 600.000.000 in fines per country each year until they fulfill their promise of reducing carbon emission by 20%. That money is going to come out from every person pockets through carbon taxes, and maybe then everyone will start taking climate change seriously. Because so far we are not making a significant reduction in carbon dioxide emissions, we have only really leveled out, which is not good enough. Therefore, if we do not reduce emissions enough, maybe we can reverse climate change, and maybe we can engineer our climate.
HOW DOES COI SOLVE PRESENT ENVIRONMENTAL ISSUES?
With our extensive experience in waste recycling, we have been deeply involved in the reality of the recycling processes of oily waters and slops. After we have identified the control problem as a root cause for illegal spillage and fuel theft, we have devised a cost efficient, easy to implement and operate solution for remote monitoring of bunker and waste processing based on innovative Blockchain technology. Ability of tracking waste management processes and inputting trustworthy data on a public ledger is mitigating manipulation while improving transparency and increasing environmental economics. Our disruptive environmental solutions track, minimize and offset ships fuel-oil consumption & waste and can be adapted to ship owners’ needs (emissions, speed, positioning, weather, etc.) COI solutions are applicable to further waste categories on which we are focusing next – such as e-waste, plastics, medical waste and more.
BLOCKCHAIN TECHNOLOGY:

What is Blockchain?

Blockchain is in essence ingeniously simple revolutionary protocol that allows transactions to be simultaneously decentralized and secure. It was invented by a person or a group of people using the name Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency Bitcoin. The identity of Satoshi Nakamoto is unknown. The invention of the Blockchain for Bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. But there is so much more to Blockchain technology than digital currencies. Blockchain technology and its public ledger is still in its infancy although there are many reasons certain companies, financial institutions and even governments may eventually want to incorporate it.
The technology offers security, potential cost reduction and infinite possibilities for supply chain management while cutting out many intermediaries. Financial institutions are already using Blockchain technology to speed up cross-border payments and reduce transaction fees. And every day we see more and more cases of what the technology offers, including Blockchain technology in the energy industry.
COI TOKEN INFORMATION:
Author : Beat putih

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