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NEW YORK–(BUSINESS WIRE)–Today, Flowcarbon, a leading climate technology company that develops projects to reduce and eliminate carbon emissions, and Watr, the pioneering Polkadot parachain for ethical products , announced a partnership to bring finance capital, talent and technology to voluntary carbon markets on Watr – serving the $17 trillion commodities industry.
The partnership will see Flowcarbon launch its carbon tokenization technology and infrastructure on the Watr protocol as the cornerstone of Watr’s decentralized carbon ecosystem. The goal is to support the exponential evolution of carbon credits needed to meet net zero commitments made by industry for 2030 and beyond.
The current on-chain carbon ecosystem is fragmented and excludes the largest centers of demand for the voluntary carbon market (VCM): industry and commodities. This partnership sees Watr and Flowcarbon collaborate to ensure that new VCM products are co-created and amplified by the expertise and demand of VCM’s largest consumers and participants, including industry and commodities.
“Tokenization enables a deeper connection with the source through traceable and transparent carbon credits, which are essential for ethical raw materials. We believe that with the Watr ecosystem, we will expand access to a high-demand hub and drive climate action more effectively and efficiently. We look forward to seeing the impact this partnership will have on voluntary carbon markets,” said Dana Gibber, CEO of Flowcarbon.
The Watr ecosystem connects institutional giants of raw materials and distribution players to the main web3 technologists. The combined potential is immense and immediately important to global dilemmas around our consumption footprint – in agriculture, metals and energy. Flowcarbon is an important piece of the puzzle to meet these demand requirements with verified, high quality carbon credits. The new business models and infrastructure emerging from this partnership will enable more efficient and democratized climate finance while providing connectivity to commodity flows for industry, end consumers, traders – and ultimately account, large-scale on-ramps for retailer participation.
“We see the voluntary tokenized carbon market as a powerful tool for inclusion. It enables a broad base of capital to participate in climate action alongside institutions and traditional finance. It also allows for intimacy with sources such as DeFi, industrial and traditional capital can focus on the geography, project and community of their choosing – even linking climate finance to the very communities from which mining and production of raw materials occur. This intimacy and inclusion is a game-changer and we see Flowcarbon’s cutting-edge ecosystem, technology and talent as important enablers of that future,” said Watr Foundation Co-Founder and Board Chair Maryam Ayati.
The next iteration of how society consumes and how resources fuel global prosperity requires new business models and tools to ensure a more balanced outcome: people and planet alongside profit. To that end, the partnership sees the two organizations also collaborate on a series of VCM-focused incentive development programs. The end game is to establish thriving markets and infrastructure that bring greater accountability, scale, accessibility, transparency, and price discovery to the voluntary carbon market and commodities.
For those interested in participating, please contact [email protected].
Watr is the digital commons of ethical products. A public Layer 1 protocol and Polkadot parachain for applications serving to source, source, finance and trade in the $17 trillion commodities industry: from carbon credits to metals, agriculture and energy. The goal is interoperability between digital companies serving end-to-end a new class of ethical products for physical delivery. Watr is co-founded in a first-of-its-kind collaboration between industry giants, commodity and Web 3 pioneers including Parity Technologies.
Flowcarbon is a pioneering climate tech company bringing carbon credits to the blockchain. Its mission is to make carbon markets accessible and transparent, allowing an efficient and early flow of capital to invest directly in projects that fight climate change. Flowcarbon is committed to having a real impact on people, biodiversity and the planet. To learn more about our work, visit our blog.