The earth is in a tough spot. Human beings have proven to be the most advanced species on the planet, at least to date. But that comes at a price to Planet Earth.
Our civilization building has begun to warm the only habitat we have ever known. According to a joint statement issued by NASA and the National Oceanic and Atmospheric Administration, 2016 was officially the hottest year known to man. Studies have also shown polar ice caps melting and oceans rising.
Considering that we are orbiting a dying star in a black infinite spacetime, our options for a new home may be limited.
Governments have taken note and developed systems to encourage positive change, fueled by environmental mandates and economic incentives offered to the largest industries that are both responsible for and have the ability to course correct this dangerous trend. These incentives are also known as carbon credits.
Carbon credits may seem esoteric to the lay citizen but is critical to the survival of our planet’s continued health and sustenance. A product of this move towards rewarding good actors with carbon credits that they can leverage like cash in the marketplace, has been the creation of Commodity Impact Factor (CIFs). This innovation allows companies to quantify and standardize the environmental impact of producing commodity goods.
Gem powers the issuance of CIFs which reward companies that are environmental stewards by giving them financial incentives to comply with government mandates.
Gem cryptographically secures the production data against the newly minted asset -- the carbon credit or CIF.
Gem then allows for the digital ownership transference of the CIF asset -- while creating an immutable audit history of the production data to ensure integrity of the entire process.
The natural gas producer above is able to sell CIF credits for cash to a market partner, while increasing production efficiency and creating more natural gas in the process.
The purchaser of the credit also wins because they are able to become carbon neutral in their own operations.