The HBar Foundation, dedicated to promoting Hedera Hashgraph's open-source public network, sought to create a marketplace for digital environmental assets (DEAs) like carbon offsets. These offsets provide corporations with an alternative method to meet sustainability goals, but skepticism due to inconsistent pricing and traceability has limited their supply and accessibility.
The Challenge
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Carbon offsets face controversy due to a lack of standardized pricing and inconsistent availability.
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Market skepticism has resulted in low supply and a cumbersome process for offering offsets.
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Buyers and sellers struggle to connect effectively in an opaque carbon offset environment.
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There is a pressing need for transparency and traceability to build trust in the marketplace.
THE Solution
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We incubated a startup, Tolam Earth, with funding from the HBar Foundation.
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The Tolam team leveraged Web3, distributed ledger technology (DLT), NFTs, and data science to create a transparent digital platform for carbon offsets.
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Delivered a marketplace proof of concept within four months, enabling direct connectivity between buyers and sellers.
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Introduced an Automated Regression Market Maker (ARMM) that uses machine learning to recommend prices for similar data-driven assets and develop a digital audit trail to increase traceability.
the Outcomes
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Established a transparent and trustworthy marketplace for carbon offsets, facilitating buyer-seller transactions.
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Simplified large purchase decisions for corporations, aiding in meeting carbon reduction goals.
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Enabled scaling and expansion of energy markets, helping businesses comply with jurisdictional and legal energy asset requirements.
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Future developments include a digitally-native platform set to launch in mid-2023, allowing for minting and selling of carbon offsets.
Technologies and partners
Consulting & Strategy
Outcome-focused, real-world practicality combined with courageous innovation
Technology & Transformation
Expert engineering from project initiation to deployment and beyond
Technical Leadership & Support
Empowerment to scale your solutions long after our engagement has ended
