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Development of a Blockchain-Powered Carbon Credit Marketplace Platform
  1. case
  2. Development of a Blockchain-Powered Carbon Credit Marketplace Platform

Development of a Blockchain-Powered Carbon Credit Marketplace Platform

dashbouquet.com
Energy & natural resources
Business services

Problem Statement for a Blockchain-Enabled Carbon Credit Trading Platform

The client requires a secure, transparent marketplace where users can convert carbon credits into digital tokens or offset their carbon emissions. Current manual or fragmented processes limit trust and scalability, impeding growth and significant funding opportunities.

About the Client

A mid-sized environmental technology firm focusing on carbon offset projects and sustainable initiatives, seeking to facilitate transparent trading of carbon credits and tokens.

Objectives for Developing an Advanced Carbon Credit Marketplace

  • Create a user-friendly, blockchain-backed marketplace facilitating conversion of carbon credits into tradeable tokens.
  • Implement features allowing users to offset varying amounts of carbon emissions to support environmental sustainability.
  • Enable the client to secure additional funding rounds and onboard major enterprise customers.
  • Design a scalable architecture to support increasing user base and transaction volume.

Core Functional Requirements for the Carbon Credit Marketplace Platform

  • Comprehensive user account management with secure authentication and onboarding flows.
  • Blockchain-based conversion of carbon credits into digital tokens with transparent transaction records.
  • User interface redesign for improved navigation, usability, and visual appeal.
  • Support for offsetting any amount of carbon units, with real-time tracking and reporting.
  • Integration with external carbon credit verification systems to authenticate credits.
  • Administrative dashboard for managing listings, user activity, and transaction oversight.

Preferred Technologies and Architectural Approach

React for front-end UI
Node.js with TypeScript for backend API services
Blockchain infrastructure for token transactions and transparency
Cloud hosting on a platform such as AWS and Google Cloud

External System Integrations and Data Sources

  • External carbon credit verification services
  • Payment gateways for transaction processing
  • Customer relationship management (CRM) system for user engagement
  • Cloud services for hosting and data storage

Key Non-Functional Requirements and Performance Metrics

  • Platform should support a high transaction volume with scalability to handle increased user activity.
  • Ensure data security, compliance with data protection standards, and blockchain transaction integrity.
  • Achieve responsive performance with page loads under 3 seconds.
  • Authentication system resistant to breaches, supporting secure login and user data protection.

Anticipated Business Impact and Project Outcomes

The new blockchain-powered marketplace is projected to enable the client to secure additional funding rounds and establish partnerships with key industry players. It is expected to significantly improve transparency and user trust, facilitate the conversion and trading of carbon credits at scale, and support environmental sustainability efforts, mirroring prior outcomes with increased transaction volume and global outreach.

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