It is well known that blockchain has the potential to improve the efficiency of the flow of funds. This may help us reshape how capital flows, thereby curbing deforestation. But we need to explicitly give blockchain that mission, otherwise this new technology might just make financial processes smarter and cheaper, but not necessarily greener.
Traditional financial markets cannot curb illegal deforestation. So, should we completely change our thinking now and use a new way to completely curb deforestation, and build a new international technical cooperation platform in the process?
BNBforest is here to change all that. BNBforest is using blockchain technology to become a digital platform, connector, toolbox and ecological builder for the traditional forestry industry, injecting new kinetic energy from the production factors and reshaping the ecology. At the same time, it also allows everyone to contribute to the protection of the forest environment.
BNBforest is an application combination of NFT+DeFi+Metaverse+Forest, which digitizes the traditional forestry industry. This is not only a collision of finance and innovation, but also a fusion of value and flow, redefining the digital ecological forest pattern. Its future development potential and imagination space is enormous.
Tesla’s 2020 revenue from carbon credits was $1.58 billion, a figure that continues to grow as production capacity expands. For new energy companies, although only a small number of countries and regions and industries have entered the carbon emissions trading market, it is only a matter of time before other countries, regions and industries enter the market. Carbon sink premiums will become a trend in the future.
At the forestry carbon sink level: today, when the international community is paying extensive attention to global climate change,Mitigating and adapting to climate change by increasing forest carbon sinks through vegetation restoration and protection is becoming an increasingly important development issue; it is also the most economical and realistic means to deal with climate change at present. BNBforest hopes to use blockchain technology to form a new carbon sink consumption certificate. On the one hand, it can simplify the process of forestry carbon sink trading and promote enterprises to take the initiative to consume carbon sinks. On the other hand, it can provide enterprises with more credible and accurate low-carbon certification in the international business process.
At present, BNBforest is using the technology of combining blockchain and forest carbon sink energy to mark each tree on-chain through blockchain technology, and link the carbon sink generated by each tree to the tree through an algorithm. And based on the forest land that has been on-chain, it can be directly converted into digital assets, and the blockchain system is used for forest rights transactions.