ShiftCarbon (CSE:SHFT) announced that its carbon trading platform is now available to all customers, offering a more resilient and flexible infrastructure to list, buy, sell, and verify voluntary carbon offsets.
The company said its solution to the challenges faced by the voluntary carbon market is a resilient and flexible infrastructure that allows offset creators, buyers, and sellers to seamlessly trade while maintaining transparency and trust with global verification bodies.
With the completion of its private alpha, the company said it has fine-tuned its inventory management system and the innovative Fractionalization Engine that allows large wholesale carbon offsets to be broken down into smaller, units while maintaining credit integrity.
With ShiftCarbon (CSE:SHFT)'s technology, companies can save money on building their own trading infrastructure while constructing bespoke credit portfolios that reflect their values and goals, allowing customers to purchase the right amount of offsets based on project cost, type, region, or cause, the company said.
ShiftCarbon (CSE:SHFT) CEO Wayne Lloyd said the voluntary carbon market is an essential component in the global effort to combat climate change and create a more sustainable future.
"We are proud to be a part of this new market, building critical infrastructure that makes carbon offsetting more accessible and streamlined for all players,” Lloyd said.
“Backed by the US and European governments and leading organizations like the Bezos Earth Fund and the Rockefeller Foundation, the voluntary carbon market has the potential to deliver trillions of dollars of investment to support the transition to renewables and mitigate the worst impacts of climate change."
ShiftCarbon, formerly TraceSafe, provides an innovative platform for carbon accounting, offsets, and MRV (Measurement, Reporting and Verification) automation. The company also operates TraceSafe, a leading IoT cloud platform.
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