EcoBridge

Summary

EcoBridge is a platform that bridges the carbon credit markets. The carbon credit markets are fragmented in terms of regions, different exchanges, different chains, and different kinds of users, namely traditional users of carbon credits and speculators. We’ve created EcoBridge with the aim to consolidate the market to improve the liquidity with the interoperability of different carbon chains in mind. In doing so, we hope to use the same infrastructure for other traditional assets, such as bonds and commodities.

Using smart contracts on the blockchain also improves the transparency and verifiability of carbon credits

Problems in the Market

1. Fragmented carbon credits between regions with different properties
2. Different standardization across countries and organizations
3. Lack of transparency leading to double counting or miscalculation of emission reductions
4. Different transaction parties and intermediaries, leading to friction

Motivation

With these problems in mind, we create EcoBridge to be a platform with custodial wallet system that will be able to consolidate fiat money, stable coins, and tokenized carbon credits from other platforms. This will help pool more liquidity and participants than a pure tokenized carbon credits exchange or traditional carbon credits exchange. We also focus our product on user experience rather than the tokens themselves.

Built With

• firebase
• javascript
• solidity
• thirdweb