Blockchain Laboratories Announces Partnership with Intrinsic Methods to Build Carbon Credit Registry XRPL
Blockchain Laboratories Web3 ESG Venture Studio
Working together to solve the climate and deforestation crisis with innovative reforestation carbon credits on the XRP Ledger
SHERIDAN, WYOMING, USA, Feb. 15, 2023 /EINPresswire.com/ — Blockchain Laboratories is proud to announce its partnership with Intrinsic Methods to support new reforestation and reforestation projects worldwide. By enabling carbon credit tokenization on the XRP Ledger. XRP Leger was the first carbon neutral layer 1 blockchain network and issuing carbon credits on XRPL will bring radical transparency, accountability and liquidity to the carbon credit markets.
Using blockchain technology for global climate initiatives, offset buyers can better verify and analyze carbon credits, trade them with more liquidity and withdraw/claim them for ESG reporting with auditable records on Distributed Ledger Technology. Using DLT and tokenization solves many of the liability issues that exist in carbon markets today. “Intrinsic Methods plans to set higher standards for voluntary carbon offsets and the returns that the offsets bring to buyers and the communities they come from,” said Jim Duggan, CEO of Intrinsic Methods.
Nature Positive environmental impact from carbon credits
Planting billions to trillions of trees around the world would be the cheapest and most effective way to solve the climate change dilemma. Trees absorb large amounts of carbon dioxide, which scientists believe contributes to global warming. A worldwide initiative to plant trees would remove the threat of greenhouse gases in the atmosphere. It is also important to mention that trees produce oxygen which we all need to survive. Plant life is the only carbon removal solution that produces oxygen as a by-product of CO2 fixation.
“This new quantitative evaluation shows [forest] restoration is not only one of our climate change, it is overwhelmingly the best, says Professor Tom Crowther of the Swiss university ETH Zurich, who led the research. “What blows my mind is the scale. I thought restoration would be in the top 10, but it’s overwhelmingly more powerful than all the other proposed climate changes.” https://www.theguardian.com/environment/2019/jul/04/planting-billions-trees-best-tackle-climate-crisis-scientists-canopy-emissions
Many brands from around the world have joined commitments like 1t.org to mobilize a global movement to conserve, restore and grow 1 trillion trees by 2030. 1t.org is part of the World Economic Forum’s efforts to accelerate nature-based solutions and was set up to support the United Nations Decade for Ecosystem Restoration.
But carbon markets are struggling to keep up with demand for high-quality, verifiable carbon removal, hampered by supply bottlenecks and slow time-to-market. To meet climate targets on a global scale, carbon markets need improved mechanisms for project verification and credit issuance; greater transparency in pricing and market data; and improved infrastructure for both buyers and suppliers.
Blockchain Laboratories is a Web3 ESG Venture Studio that has worked on climate and biodiversity solutions such as the Carbonland Trust, and has been experimenting with ways to leverage the transparency, variability and scalability properties of the XRP Ledger to address many of the carbon market’s biggest obstacles.
Intrinsic Methods and Blockchain Laboratories are now preparing to launch the Intrinsic Methods Registry on XRPL. Intrinsic Methods will use the web3 SaaS to issue and have a marketplace for Future Mitigated Units (carbon credits) that come from ecological projects that engage in afforestation or reforestation using RootMaker trees.
The planet has suffered from massive deforestation, and we have lost a large percentage of forests and biodiversity in the last 100 years. Trees are the planet’s best proven solution for removing carbon dioxide from the atmosphere, and they also produce oxygen that we all need to breathe. Without intervention, many of the places that were deforested in the past are still without trees, and at the same rate that forests are being cut down today without mass reforestation measures, everyone will suffer.
“it makes clear how much deforestation accelerated over the last century. In just over 100 years, the world lost as much forest as it had in the previous 9,000 years.” Hannah Ritchie and Max Roser, https://ourworldindata.org/deforestation
The Intrinsic Methods Carbon Credit Registry will give brands that have pledged NetZero or carbon neutrality or other commitments like 1t.org a way to buy offsets that they know are supporting the highest quality reforestation projects globally, as well as providing local economies with jobs and other economic benefits.
Blockchain Laboratories is helping Intrinsic Methods create forests for the next generations, using innovative technologies designed to improve trust and transparency. “I am so excited to work with Intrinsic Methods to bring to market one of the most environmentally positive carbon credits using carbon neutral technology,” said Boone Bergsma, CEO of Blockchain Laboratories.
Boone will speak at the Sustex World Tech For Impact and Climate Action Conference on March 15, 2023 in Dubai, and will present the work Blockchain Laboratories has done on ESG digital assets.
Blockchain Laboratories offers a regulated Crowdfunding offering on NetCapital. Anyone can get shares/equity in Blockchain Laboratories with as little as a $99 investment, the company is seeking to raise $500,000 to support product improvements and reach new customers.
About Blockchain Laboratories:
https://blockchainlaboratories.com/
Blockchain Laboratories is a web3 venture studio developing efficient ESG DeFi applications and ESG Digital Assets. Blockchain Laboratories provides web3 SaaS using innovative carbon neutral blockchain and DLT networks such as XRP Ledger.
About inner methods:
https://intrinsicmethods.com/
Intrinsic Methods, LLC and RootMaker are dedicated to changing how trees are grown. The patented RootMaker® the system has a 20-year proven track record of 2 to 3 times faster growth as well as transplant survival greater than 95%. For the carbon offset market, RootMaker® cultivated trees provide annual carbon sequestration of 200-300% more than any other growing system.
About XRP Ledger:
https://xrpl.org/
The XRP Ledger (XRPL) is an open source, public and decentralized Layer 1 blockchain led by a global community of developers. It is fast, energy efficient and reliable. For more than ten years, it has been the blockchain best suited to enable settlement and liquidity of tokenized assets at scale.
Boone Bergsma
Blockchain Labs
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