HomeDeepMarkit NewsDeepMarkit Announces Inaugural Purchase Order for Tokenization of 150,000 Carbon Offsets with...

DeepMarkit Announces Inaugural Purchase Order for Tokenization of 150,000 Carbon Offsets with WILL Solutions

DeepMarkit announced the receipt of a purchase order (PO) from WILL Solutions for minting 150,000 tokens representing the same amount of GHG reduction.

WILL Solutions is a private Canadian company that has a strong track record in providing community-based climate solutions.

The PO arrives within a week after DeepMarkit launched its MintCarbon.io platform.

DeepMarkit is in the process of verifying the carbon offsets, which is a condition to completing the minting transaction under the PO’s terms. After verification, WILL Solutions will gain access to and use MintCarbon.io to complete the token minting process.

MintCarbon.io was launched to support and promote reliability and transparency in the rapidly growing voluntary carbon market. It will also assist projects in tokenizing offsets.

The minted carbon offsets are based on the Quebec Sustainable Community Project (QSCP). The project gathers over 850 GHG reduction micro-projects by several small and medium-sized firms from various sectors, non-profit organizations and small municipalities across Quebec.

QSCP is based on the VM0018 methodology certified by Verra. It provides a framework for monitoring, reporting, and verifying emission reductions for group projects.

The project impacts six of the United Nations’ Sustainable Development Goals. The opening of this new distribution channel can increase capital flows to push climate actions even further.

WILL Solutions and DeepMarkit share similar values in the space. They look forward to forming a fruitful relationship while expecting a more positive impact within the community itself.

Read Full News Release Here

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