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.

CRI in 2 minutes

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

World-class project

Cryptocurrency development

Our team includes a world-renowned expert in the development of masternode cryptocurrencies.

Carbon credit methodology

Our methodology is being developed by Strategic Environmental Associates, a world-renowned expert in this very specialized field.

Certification

Verra has been engaged in preliminary discussions with us about its world leading voluntary program for the certification of our GHG emission reduction project.

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.

Certification Roadmap

Here’s the roadmap for the development of the first carbon neutral, officially certified cryptocurrency blockchain network producing carbon credits:

2019

Research and concept development
Preparation of Project Idea Note (PIN) for Verra

2019 – 2020 Q1

Pressure testing and methodology development potential assessment by SEA

2020 Q2

Develop carbon methodology concept note (CMN)

2020 Q3

Review by Verra

2020 Q4

CMN acceptance by Verra

2021 Q4 – 2022 Q2

Review by Verra and certifier
Develop project design document (PDD)

2022 Q2 – 2022 Q3

Audit of PDD
Certification completed

Be part of the adventure

Owning an econode means a significant additional revenue stream from carbon credits generated on our network. Secondary passive income from blockchain generated carbon credits is a first in the world of cryptocurrencies.

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