PLCnetwork joins Coorest Vision for Carbon-neutral World

Coorest’s ecosystem is rapidly growing before the end of 2021. After Vulcan Forged, Venly, Rooted and Polygon blockchain, our new partner is located in Africa and is named PLCnetwork. What PLCnetwork really is: PLCnetwork of the Southern Hemisphere is a platform and consulting firm with a passion for private, community and company conservation across the global South. The aim is to induce long-lasting social change for conservation and conservation for social change.

Carbon is often captured by plants and trees which produce food, that is sold for yield. Coorest effectively creates yield-bearing assets (bonds)and carbon credits that are tradeable on the blockchain by tokenizing these assets. By combining carbon credit trading and bond investments, Coorest aims to create an ecosystem for investments in farmers’ projects to ensure a sustainable business model for CO2 compensation. Coorest introduces a new concept for proof of carbon compensation (PoCC) to avoid double-counting of carbon credit rights. Via the platform both retail and institutions are enabled to compensate for their carbon footprint by buying and burning $CO2 tokens, giving them a PoCC in return. PoCC contains data about the identity of the compensator, the amount and time of CO2 compensation.

More here https://medium.com/@coorest.official/plcnetwork-joins-coorest-vision-for-carbon-neutral-world-daa02bdf0cf2

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