A Token-Based Gateway to Clean Cooking in Africa

Dear Chainists,

the global carbon credit system is plagued by declining public trust due to questionable integrity and transparency in the generation and tracking of carbon credits. At the same time, African households that rely on traditional cooking methods face not only the financial burden of expensive fuel costs, but also health and environmental risks.

At this meeting, you will have the opportunity to learn about a technologically advanced solution that not only restores trust in the carbon credit system by offering verifiable carbon credits, but also provides households with an affordable, sustainable and healthy cooking alternative.

Mattias Ohlson, Co-Founder and CEO of Emerging Cooking Solutions, will present the Nifty, which has been launched recently resulting from extensive collaboration between ixo and SupaMoto (Emerging Cooking Solutions) teams. These "digital twins" represent real-world highly efficient cooking stoves connected to the Internet and can be accessed via ixo's Impacts X Wallet App. In essence, a Nifty mirrors real-world activities, such as cooking and fuel pellet purchasing, and generates blockchain-based carbon credits in near real-time from the reduced carbon emission compared to using charcoal for cooking. This development addresses challenges like the public's declining trust in carbon credits, by offering high-quality data (digital-MRV) and transparent blockchain recording. The achievement is technically remarkable and is set to democratize access to carbon credits. By sponsoring a stove, individuals gain digital rights to the carbon credits it produces, with every step recorded transparently on the blockchain. This innovative technology aims to elevate the quality and trustworthiness of carbon credits.

The meetup will be held virtually and will be recorded.

Kind regards

Mattias & the Chainist Orga Team

Image by SupaMoto