News Explorer — Carbonable Raises $1.2 Million to Use Blockchain to Track Carbon Emissions

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Mar 21, 7:00 am

Coindesk

Carbonable Raises $1.2 Million to Use Blockchain to Track Carbon Emissions

Carbonable, a startup that uses the public Ethereum blockchain to track carbon contributions and prevent greenwashing, has raised $1.2 million in a seed round. It uses the Ethereum scaling overlay built by Starkware to monitor the carbon credit lifecycle, from selection of projects to issuance and retirement of credits. Carbonable's co-founders believe that blockchain technology can provide trust and transparency in the carbon credit market, and enable companies to increase their climate contributions.

Carbonable, a startup that uses the public Ethereum blockchain to track carbon contributions and prevent greenwashing, has raised $1.2 million in a seed round. It uses the Ethereum scaling overlay built by Starkware to monitor the carbon credit lifecycle, from selection of projects to issuance and retirement of credits. Carbonable's co-founders believe that blockchain technology can provide trust and transparency in the carbon credit market, and enable companies to increase their climate contributions.

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