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Nash fintechX

Luxembourg
Market: Blockchain
Stage of the project: Prototype or product is ready

Date of last change: 21.06.2022
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Idea

We are a software solutions provider. Our first product is DCarbonX, a blockchain-based carbon market, providing a transparent and permanent logging mechanism for carbon credits.

Current Status

We are currently under development. We were one of the semi-finalists in the Net Zero Challenge for the MENAT region and got the opportunity to be featured in ADGM labs.

Problem or Opportunity

We are solving the problem of:

1. Carbon accounting
2. Reporting of reduction in carbon emissions
3. Greenwashing
4. Carbon certificate duplication
5. Market for trading carbon credits without intermediaries

Solution (product or service)

Our solution is a carbon market based on blockchain using NFTs. We ensure that only one organisation, can create NFTs of carbon credit certificates whereas all other users can buy them in the primary market and resell them in the secondary market.

Business model

Our business model is that we will charge 3% fee per transaction.
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