Carbon Dashboard: Unprecedented Carbon Market Transparency
Updates

Carbon Dashboard: Unprecedented Carbon Market Transparency

Published Wed Oct 12 2022

The on-chain carbon market has been developed on the public Polygon blockchain, meaning all market data can be read by market participants. Klima Data aggregates this data and makes it accessible to the market.

KlimaDAO has today announced the launch of the Klima Data Carbon Dashboard. The dashboard gives users of tokenized carbon an immediate insight into the state of the on-chain carbon market. It includes information on the type and amount of carbon credits available, the pool prices of carbon credits, and other key market data.

inline image

Watch the walkthrough video from KlimaDAO

KlimaDAO is built on the public Polygon blockchain. A public blockchain is one where anyone is free to join and participate in the core activities of the blockchain network. Anyone can read, write, and audit the ongoing activities. This means that the activity taking place within the on-chain market developed on Polygon can be made transparent for all market stakeholders.

Unlocking transparency and growth

One of the major criticisms of the Voluntary Carbon Market is that the poor data availability makes it difficult for buyers of carbon credits to make informed decisions about the type and quality of carbon credits they purchase and the price they should pay. With an emerging carbon market built on public blockchain technologies, key market data can be immediately revealed to the market, in turn helping the Voluntary Carbon Market overcome criticisms around its poor transparency and begin to scale-up more efficiently.

This transparency-first approach of public blockchains is a significant innovation for the market, given that historically market data has typically been paywalled and retrospective. It no longer needs to be challenging for the consumers of carbon credits to make informed decisions around their market activities.

Sy Zygy, Product Lead at KlimaDAO, says, "The Klima Data Carbon Dashboard represents a first, not only for the tokenized carbon market but the carbon market as a whole. For the first time ever, total carbon credit activity captured on the blockchain is made available through a set of informative dashboards viewable by anyone. We expect our carbon analytics to serve as a real-time 'State of Tokenized Carbon' report that can be referenced by industry participants, researchers, the press, and the general public. We're excited by the unparalleled transparency that blockchain technology enables in the Voluntary Carbon Market."

About KlimaDAO

KlimaDAO is an on-chain scaling solution for the Voluntary Carbon Market. KlimaDAO aims to open up the market to greater transparency and efficiency by combining tokenized carbon credits with a blockchain-enabled technology stack. If you are a business looking to offset your carbon footprint, get started here.

Disclaimer:

The information provided in this blog post pertaining to KlimaDAO (“KlimaDAO”), its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this blog post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This blog post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. KlimaDAO and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and KlimaDAO expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. KlimaDAO reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this blog post supersedes any prior blog post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither KlimaDAO nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this blog post by you or any of your representatives or for omissions from the information in this blog post. Additionally, KlimaDAO undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this blog post.