Signs of climate change are not hard to find globally. Rising temperatures are recorded around the globe as greenhouse gas trap heat in the atmosphere. Tropical storms are becoming more violent as ocean water temperatures continue to rise. Glaciers melt at an accelerated rate, and sea ice in the Arctic Ocean is disappearing very quickly.
All of this may seem like irreparable damage, but that is not the case. Until early 2020 it was impossible for consumers and smaller corporations to achieve carbon neutrality. The carbon trading industry was analog, lacked transparency, and seemed poised to cripple any conservation effort. That is no longer the case, as Moss uses blockchain technology to fight against climate change.
What is MOSS About?
MOSS is a blockchain-based environmental platform that is working on reducing the carbon footprint of individuals and corporations. Additionally, the team provides financial support to projects protecting the environment in different ways. Through its MCO2 token – issued on the Ethereum blockchain – anyone can offset their carbon emission by exploring this modern trading carbon credit.
The project was founded just eight months ago, in early 2020. However, it has become the largest voluntary carbon credits in the world.
All of this shows a massive amount of interest in preserving the environment, yet they have struggled to make a real impact. That is primarily due to the carbon credits industry being in an analog state for many years. MOSS has now modernized the industry, lowering the barriers to entry and adding a digital touch.
MOSS achieved all of this through the use of blockchain technology. Unlike legacy systems, the blockchain provides transparency, accessibility, and interoperability. The example set by Moss can easily be integrated into other applications, services, and products.
In total, MOSS sent over $10 million in proceeds to Brazilian conservation projects. With the sale of carbon credits, MOSS pays for REDD + environmental projects that, through their sustainable activities, jointly protect and preserve an area of approximately 1 million hectares.
This is only one example of what can be achieved through this blockchain-based solution. It is clear that innovation was direly needed for the carbon credit market, and the efforts to date illustrate that point perfectly.
What is the MCO2 Token?
As noted, the MCO2 token is MOSS’s native asset. This year, it was launched and available on the FlowBTC exchange since august 2020. More trading platforms will be announced shortly, allowing more people to contribute to conservation efforts worldwide.
The blockchain code powering the MCO2 project has been thoroughly vetted, as confirmed by major, credible corporations, such as CertiK and Perkins Cole. Other auditors, such as EY and Armanino, are also currently conducting their own review of the project.
The token also has a straightforward structure, which was done purposefully so that other developers use it as a foundation for creating their own applications, products, or services.
An example of how MCO2 can make a positive impact is found in Brazil. Together with local conservation projects, MOSS jointly protects and preserves an area of approximately 1 million hectares.
This example will also serve as a stepping stone toward addressing the broader climate change problem. All continents require a solution, rather than just one country individually. As the project is open to anyone, there are many different options to be explored today and in the future.
To put that latter aspect into perspective, Moss is 20 times bigger than the next carbon credit platform in existence. The power of blockchain technology should not be underestimated, especially when it comes to preserving the planet. This project is already changing the lives of billions of people, one small step at a time. What are you waiting for?