Carbon Offset Initiative: Always on the right Side

mayowa-eu (60)in #coi • 5 years ago

Human beings right from onset have been known to be problem solvers, little wonder why we’re being referred to as higher animals. Clothes are being made to cover our nakedness, foods are being produced to meet up with our increasing population, several technologies are being launched to tackle specific problems that we encounter, these are the qualities that make us higher than any other species on the planet earth.

Just as we all know that one way or the other, we humans always find a way out of every challenging situation we find ourselves in, the same thing applies to the issue of global warming that already seems to become a threat to our existence.

Ever wondered why the world’s climate is tending more to the extreme than how it used to be? Have you for once gotten bothered about the increasing rate of disaster occurrences as a result of increased surface temperature of the planet earth?

All these and many more are the signs of global warming which is being caused mainly by the continuous emission of carbon through increased waste production. As it stands now, the planet earth is at risk of getting its ozone layer completely depleted (I’m sure we all know the importance of the ozone layer).

We have seen several interventions from different governments but then, how close are we to saving the ozone layer from being completely depleted?

Its in lieu of this challenge that the COI platform was established.

Introducing COI: Carbon Offset Initiative

This is a platform that has risen up against these challenges by creating an application for smart, cheap, decentralized and easy to use ecosystem on the blockchain network in order to ensure a traceable and better global recycling and waste emissions management.

Now, you may want to ask how on earth does an application proffers a solution to these challenges,
Carbon offset Initiative understands the numerous potentials embedded in recycling of wastes including electronic devices and also knows that the conventional recycling system isn’t too effective, hence it has come up with its software and hardware solution model.

The hardware (which will be connected to vessels and recycling plants) works mainly to collect and also transmit collected data while the software manages, analyses and report these data and also create smart tracks on the blockchain which has all relevant information to monitor bunker fuels.
Clean Sea Services (which is a highly reputable company) is an expert in provision of environmental solutions and happens to be the founding partner of this platform. There are other partnered companies such as Urban management which works in hand with COI to achieve their goals.

COI has also been working on afforestation in order to tackle the world climate change problem by storing the atmospheric carbon dioxide in woods being planted in forests, this in no doubt will go a long way in achieving a better carbon dioxide ecosystem, hence reducing its constant emission.

Token Details

The native token of the platform is COI token which is an Erc-20 based token and has a total supply of 1billion COI and a circulating supply of 500million. The token has several usecases on the platform which includes; use for verification tool of measured data and volumes of waste and recovered oil, it can also be used as a medium of payment between entities on the platform without paying any transaction fee.

Conclusively, No amount of information provided in this article is enough to describe the whole functionalities of the Carbon Offset Initiative platform, however, I have just done a brief summary of the platform and so far, its obvious that COI is determined to make the world a better place for everyone to leave in through its green technology intervention that is well planned on its platform, hence I would consider this project as a great one to watch out for in the coming year.

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