Introducing Centigrade: Ripple’s Open Data Platform for Carbon and Nature Markets
Ripple has partnered with the Rocky Mountain Institute to launch Centigrade, an open data platform aimed at democratizing the carbon credit market. Here are the key points:
– Centigrade’s mission is to make the carbon credit market accessible to all players, regardless of size.
– Ripple has been actively involved as founding members, investors, and tech partners.
– Centigrade aims to encompass not only carbon and forestry, but also other environmental elements like air, water, soil, and biodiversity.
– The platform seeks to clarify what “climate-positive” means and foster better connections between suppliers and buyers.
– Ripple’s XRP Ledger is at the core of this initiative, leveraging blockchain technology to enhance the reliability of carbon credits.
Ripple has committed $100M to scale global carbon markets and tokenize carbon inventories. The goal is to provide a transparent view of projects and their environmental impacts. Centigrade’s decentralized systems have the potential to bring fresh innovation to the carbon market.
Hot Take:
Centigrade has the potential to revolutionize the carbon credit market by making it more accessible and transparent. By leveraging blockchain technology, Ripple is taking a significant step towards addressing climate change and promoting a sustainable future.
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