Carbon Offset Initiative (COI) — environmental solutions based on blockchain technology!

CryptonatorICO
5 min readDec 20, 2019

A change in the natural environment as a result of human activity leads to a disruption in the structure and functioning of nature. This problem arises due to the negative impact of man on nature. The movement of mankind towards an ecological catastrophe of a universal planetary nature is confirmed by numerous facts. People continuously accumulate the number of compounds not utilized by nature, develop dangerous technologies, store and transport many toxic chemicals and explosives, and pollute the atmosphere, hydrosphere and soil. In addition, the energy potential is constantly increasing, the greenhouse effect and much more are being stimulated. A person’s awareness of the dangers of environmental problems is associated with serious difficulties. To solve environmental problems, it is necessary for all people to develop new thinking, overcome stereotypes of technocratic thinking, ideas about the inexhaustibility of natural resources and a misunderstanding of our absolute dependence on nature. An indispensable condition for the continued existence of mankind is the observance of the environmental imperative as the basis for environmentally safe behavior in all areas. There are many publications and programs devoted to environmental problems and their solutions. One of them offers the Carbon Offset Initiative — a platform for tracking carbon emissions, as well as waste and oil spills, which is based on the Ethereum blockchain technology. Carbon Offset Initiative will launch a section of the platform intended for shipping companies transporting oil and oil products.

The Carbon Offset Initiative is a waste and data tracing solution for various industries that started with the shipping industry and uses blockchain technology to increase productivity in tracing, collecting and processing waste from different sources. COI aims to help enterprises and organizations reduce costs, save energy, and create sustainable commercial value in an environmentally friendly, environment free of impurities. A similar system of control over the collection, transportation and subsequent processing of waste should be ready next year. After a full launch, the ecosystem will consist of a secure cloud database, which will become an add-on on the blockchain. Data collected from GPS satellites and COI eco-sensors installed on containers with oil, waste or other cargo will be analyzed by the control center and stored on the blockchain.

COI has extensive experience in recycling and has been involved in several recycling processes such as oily water and sludge. Three things should be of serious concern to both shipping companies and owners:

  • Is disposal work carried out in a legal, timely and high-quality manner for a certain quantity?
  • Are contract participants paid in accordance with the contract?
  • Should the parties to the contract overpay?

After identifying the management problem, which is the main cause of theft and fuel leakage, the team developed a cost-effective and easy-to-use solution for remote monitoring of the bunker and waste processing based on the blockchain. COI solutions consist of 2 layers which includes hardware, including telecommunications and measurements, as well as software that is provided for shipowners (radiation, speed, weather and location). The combination of hardware and software is the basic package that the Carbon Initiative Offset offers to the public. Waste management and reduction are carried out at different levels, which begin with optimizing fuel consumption and indicating the exact amount of oil per vessel. The data collected provides reliable information about the vessels, which makes it easy to manage risks. Ship monitoring is carried out in real time, which makes its management very simple.

Proposed COI Ecosystem

1,000,000,000 CO was issued, of which 500,000,000 COI is for operations on the blockchain waste tracking platform, and the other half is circulating supplies (a source of financing operations and business activities in the coming period). The COI token in the negotiable offer should become part of the Carbon Compensation initiative in the future, and as an early investor you can benefit from it and be able to trade on many exchanges. To promote the project, the company conducts IEO / ICO. Now comes PreICO with a 50% bonus, in the second stage the bonus will be 30%, in the third — 15%.

Softcap — 5 000 000 $
Hardcap — 46 952 101 $

Token Allocation:

71% ICO
2% partners
2% advisors
2% meritocracy
18% team
5% treasury

Potential use of funds:

23% Operation + management
15% legal + regulatory
5% reserve funds
14% sales + marketing
32% research + development
11% general + administrative

Below is a project development schedule

The competent approach of the team, which is the basis of COI, and the implementation of the planned stages will do their job, and this project will take its rightful place in the world of cryptocurrencies.

For questions arising during the study of the project, information is available on social networks:

Website https://co-initiative.io/
Whitepaper https://co-initiative.io/wp-content/uploads/2019/10/v1.2-COI-WP.pdf
One Pager https://co-initiative.io/wp-content/uploads/2019/10/OnePager-COI.pdf
Bitcointalk https://bitcointalk.org/index.php?topic=5194812.0
Telegram https://t.me/coinitiative
IEO (P2PB2B) https://p2pb2b.io/token-sale/COI/1
Participation https://co-initiative.io/product/coi-erc20-token/
Twitter https://twitter.com/CarbonOffsetIn1
Facebook https://www.facebook.com/Carbon-Offset-Initiative-101959777895131/
LinkedIn https://www.linkedin.com/company/carbon-offset-initiative/about/
YouTube https://www.youtube.com/channel/UCngxZI3itQHV3Tfl76TH48Q
Instagram https://www.instagram.com/carbon_offset_initiative/
Medium https://medium.com/carbon-offset-initiative

Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2177901
Username Bitcointalk: vitalicos
ETH: 0xE0bE5C1d4a084F44b2C97Cb107b292470F3b77F2

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