DECA creates a green economy which digitally signs carbon credits in a blockchain. At this stage, emission reduction through carbon credits is controlled by a few market players: multinational companies and governments. Without a free market or access to people, impact and purpose of Paris Agreement is minimized, which is to reduce global emissions by 50% by 2050. Furthermore, current NDCs are not nearly sufficient to reach the Paris Agreement mitigation target.
DECA propose to introduce a dapp which crypto-democratize the carbon credits by a proof-of-trust mechanism. Accumulators deploy their carbon credits in the chain and miners vote by the dapp (consensus mechanism), the block with the highest amount of trust will be the next block to be added by the chain.
12 project team members based in Mexico and Canada.
Double Spending of Carbon Credits
Cybersecurity of the System
Carbon Credit Quality
Demand & Market Liquidity
Market Entry Barrier
Open decentralized ledger based on distributed hash table registries
Free Software, Community Patches and a Proof of Trust Consensus Blockchain
Votes by Staking Mechanism where Miners decide based on information
Purchase of DECA allows the project owner to finance further green projects
Easy Access for Individuals through the purchase of DECA
Carbon credit types
Carbon offsets are generated by projects which conduct emission reduction activities and are normally measured in metric tons of carbon dioxide equivalent, tCO2e. These certificates can be traded on compliance or voluntary markets.
Carbon markets are mentioned the first time since the Kyoto Protocol (1997), a treaty to set in which developed countries (Annex 1) were required to set targets beginning in 2008. The Kyoto Protocol introduced three market-based mechanism, creating what is now called carbon market.
Joint Implementation (JI)
Clean Development Mechanism (CDM)
Emission Trading (ET)
General actors & ecosystem + tokenomics
Carbon credits issuer (CCI): 51%
A physical or moral person who owns a carbon credit and wants to convert it to DECA through the DAPP.
Miners / decentralized verifiers: 38%
Individuals which vote on carbon credits. If there is a lack of trust regarding the carbon credit, these individuals can provide a low qualification or vote against the issued carbon credit.
Node owner: 5%
A person who supports the infrastructure of DECA, adding a node that must be available at all times and with a good bandwidth-time online. All this to encourage decentralization.
Decentralized Autonomous Organization (DAO): 5%
A decentralized autonomous organization that provides maintenance, in all aspects, to DECA. The first three years, this DAO will be managed by IHS and NSI, and then released to people considered by the miners and voters.
Non-profits or charitable organizations with environmental concerns: 1%
Independent agents which seek on daily basis the conservation of the environment through programs, projects, and global initiatives.
DECA blockchain will be decentralized by embedding itself in thousands of computers worldwide. It will distribute itself, by ensuring a network of users and rewarding holders of nodes to stay online and maintain the system. The upholder of the DECA network will also be able to vote via the same mechanism as the blockchain. In other words, the blockchain works via wallets, which allow individual parties to vote.
Value for investors
Offset your carbon footprint by purchasing DECA.
Contract services of DECA partners and pay in DECA to create a social and environmental impact.
Purchase DECA to participate in the voluntary carbon credit market; make it easier for companies to offset their emissions by carbon credits.
Key featuresof DECA
Economic growth has a positive correlation with energy consumption which means if the economy is growing, companies consume more energy and emissions increase. As consequence, companies offset more emissions and awareness about climate change increases.
Energy Efficiency affects voluntary offset similar as economic growth as it is influencing emission levels directly. Improvements in energy efficiency decrease the demand for offsets.
Weather can be an important driver of voluntary offset demand. Extreme high or low temperature leads to higher electricity consumption due to use of air cooling and heating. Another important factor is the availability of renewable energy sources.
If offset can be used in compliance markets, project developers will focus on offset generating for those markets. Hence, less offsets might be available for voluntary compensation.
The DECA DAPP is a decentralized application based on blockchain technology providing users with a user-friendly interface. The DECA DAPP will provide the following:
A portfolio containing the amount of DECA.
An easy to use upload interface for users to integrate their carbon credits into the blockchain
A potential candidate list of blocks which will be integrated into the blockchain by the CCMR
An interface to vote for blocks in this list (where a confidence proof will be given by signing them).
The system of consensus is important as it generates a democratic network, which attaches value to each carbon credit that integrates the blockchain. The confidence testing seeks to give a voice to each DECA holder, with a one member one vote system to ensure equity and reliability towards carbon credit integration.
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