The world's first carbon credit generating blockchain
CRI is implementing a low-energy, decentralised masternode blockchain that will generate carbon credits certified by a third-party issuing body.
Solving Bitcoin's energy problem
The Bitcoin network uses more electricity than about 160 individual countries. A single Bitcoin transaction uses more electricity than an average British household in two months. If nothing is done, its detrimental impact on the climate will continue to increase.
In order to have a significantly beneficial environmental impact, a paradigm shift to less carbon-intensive cryptocurrencies must occur. We aim to embody this change. Each time a transaction will occur on our network in lieu of Bitcoin, carbon credits will be generated.
The Bitcoin network performs around 100 billion billion computations per second. Specialized hardware is needed to stay competitive, and its short lifespan before obsolescence makes the Bitcoin mining activity a huge electronic waste generator. E-waste footprint of a single Bitcoin transaction is equivalent to that of 20,000 VISA transactions.
Our network doesn’t need specialized hardware, and simple servers using low resources make its e-waste footprint insignificant in comparison.
Solving Bitcoin's e-waste problem
It's not just about electricity and CO2.
It's about people too.
We want to have a positive impact on society. To achieve this, we commit to adopting management best practices and distributing 20% of our revenue from carbon credit sales to achieve our philanthropic objectives: a better environment and a better society.
There will be a monthly project update and financial position statement published each month to show progress and the exact application of project funds.
10% for Victims of cryptocurrency fraud
We’ll directly engage with victims of cryptocurrency fraud and scams, and seek to provide supporting services to mitigate the impact.
10% for Environmental Sustainability
We’ll support projects that help reduce carbon emissions around the world, particularly those addressing the cryptocurrency proof-of-work e-waste.
Here’s the roadmap for the development of the first carbon neutral, officially certified cryptocurrency blockchain network producing carbon credits:
Research and concept development, preparation of Project Idea Note (PIN) for Verra
2019 - 2020 Q1
Pressure testing and methodology development potential assessment by SEA
Develop carbon methodology concept note (CMN)
Review by Verra
CMN acceptance by Verra
2021 Q1 - 2021 Q2
Develop carbon methodology
2021 Q3 - 2021 Q4
Review by Verra and certifier
Develop project design document (PDD)
Audit of PDD
Be part of the adventure
Owning a masternode means a significant additional revenue stream from carbon credits generated on our network. This secondary passive income is a first in the world of masternodes.