Nash fintechX has developed a software product suite for carbon markets, targeting sale and purchase of carbon credits, that enhances transparency, prevents greenwashing and enables an accurate accounting mechanism for recording impact.
Current Status
We are currently customising our product suite to suit diverse corporate needs. EST Agrx borne out of CIC, Boston empowers farmers and has partnered with us to help farmers sell their carbon offsets through our platform. TripAI based in Dallas is the transport sector and has partnered with us to use are API to offset travel emissions. T'ees a firm in Luxembourg is also one of our partners to sell green assets. They employ talented autistic adults in their company. We were selected for the EuraTechnologies program and have received the Expo Live grant. We were amongst the 36 global innovators in sustainability, 2023.
Problem or Opportunity
Our product suite, comprising of DCarbonX, which is a blockchain-based carbon credit market, helps to resolve the following challenges:
1. Lack of efficient market solutions for carbon credit logging and trading.
2. The chain of validation of carbon credits is complex with multiple intermediaries.
3. The activity level in the climate segment will multiply exponentially and as a consequence of the multiplication of stakeholders, carbon credit duplication and greenwashing will become major global problems to solve.
4. Even large corporates are using digitally primitive solutions
Solution (product or service)
We have launched DCarbonX, a blockchain-based carbon market that enables issuance of fractionalised carbon credit NFTs for trading in a primary and secondary market. DCarbonX has a component by virtue of which users can offset their emissions (CNet0), which additionally provides the users with a carbon footprint calculator (CTrackX), to calculate their carbon footprint. DCarbonX and its product suite can help any organisation and its employees to chalk out their path to net zero.
Business model
We charge 5% fee per transaction by volume for any transaction through our platform.