An AI-Powered Decentralized Carbon Credits Marketplace on VeChain
CarbonX-Trade is a decentralized, transparent, and efficient carbon credit marketplace that addresses the critical flaws in traditional carbon markets through blockchain technology, AI verification, and IoT integration.
The global carbon market, projected to reach $16.4 trillion by 2034, is plagued by fundamental issues that undermine its potential to combat climate change. CarbonX-Trade directly addresses these problems:
- Trust Deficit: Double counting and fraudulent credits erode market confidence
- Market Inefficiency: Settlement times of 7-30 days and high broker fees
- Limited Access: Platforms exclude smaller organizations and individuals
CarbonX-Trade transforms traditional carbon markets into a verified, accessible, and efficient ecosystem by leveraging:
- Blockchain Transparency: Immutable audit trail and tamper-proof transactions
- AI Integration: Automated risk scoring and impact prediction
- Smart Contracts: Instant settlement and reduced overheads
- VeWorld Integration: User-friendly wallet connectivity
- B3TR Rewards: Incentivizing sustainable participation
- Framework: Next.js with TypeScript
- UI: Tailwind CSS
- Blockchain: VeChain Testnet
- Wallet Integration: VeChain DApp Kit & VeWorld
- Smart Contracts: Solidity
- Reward System: B3TR token integration with VeBetterDAO
- Participant Registration: User onboarding and verification
- Credit Trading: P2P credit transactions
- B3TR Rewards: Reward distribution
- Marketplace: Browse and filter carbon offset projects
- Project Listing: Submit carbon projects for listing
- Trading Interface: Buy, sell, and retire carbon credits
- Wallet Integration: Seamless VeWorld connectivity
- Role Management: Buyer/Seller user flows
akashmundari-carbonx-trade/
├── app/ # Next.js app router
│ ├── marketplace/ # Marketplace pages
│ ├── projects/[id]/ # Individual project pages
│ ├── sell/ # Project listing flow
│ └── providers/ # VeChain provider setup
├── components/ # React components
│ ├── ui/ # Reusable UI components
│ ├── marketplace/ # Marketplace-specific components
│ ├── projects/ # Project-related components
│ └── sections/ # Page sections
├── contractutils/ # Smart contract utilities
│ ├── CarbonCreditMarketplace.sol
│ └── scripts/ # Deployment scripts
├── hooks/ # Custom React hooks
├── lib/ # Utility libraries
└── styles/ # Global styles
- Project Listing: Submit carbon offset projects with detailed information
- AI Verification: Automated project verification using satellite imagery (Upcoming)
- Real-time Monitoring: IoT sensor integration for continuous tracking (Upcoming)
- Transparent Pricing: Fair market-based pricing mechanisms
- Project Discovery: Browse verified carbon offset projects
- Secure Trading: Smart contract-powered transactions
- Retirement Proof: On-chain proof of carbon credit retirement
- B3TR Rewards: Earn rewards for sustainable actions (Upcoming)
- Double Counting Prevention: Unique tokenization of each credit
- Settlement Time: Instant settlement through Smart Contracts
- Energy Efficient: VeChain's Proof-of-Authority consensus
- Global Access: Democratized carbon market participation
- Core marketplace functionality
- VeChain integration
- Basic project listing and trading
- Full reward mechanism implementation
- Staking and governance features
- Advanced tokenomics
- Satellite image analysis for project verification
- Advanced risk scoring algorithms
- Automated fraud detection
- Real-world sensor network connectivity
- Automated data collection
- Enhanced project monitoring
CarbonX-Trade directly contributes to several UN Sustainable Development Goals:
- SDG 13 - Climate Action: Accelerating carbon reduction through efficient markets
- SDG 8 - Economic Growth: Creating green jobs and sustainable finance opportunities
- SDG 9 - Innovation: Pioneering blockchain-AI climate solutions
- SDG 10 - Reduced Inequalities: Democratizing carbon market access
Built with ❤️ for a sustainable future on VeChain