Carbon Kiwi

A CO2 detection system which triggers smart contract to deduct carbon tokens allocated to each NZ factories. This is much better than the current system where each companys report the usage of carbon dioxide to the government, which is easily manipulated. 

New Zealand is committed to achieving net-zero carbon emissions by 2050, but its current Emissions Trading Scheme (ETS) faces critical challenges—lack of transparency, high participation costs, and risks of fraud or double-counting. Small and medium-sized enterprises (SMEs) often struggle to engage due to bureaucracy and inefficiencies. Our project aims to develop a blockchain-powered carbon credit trading system that enhances transparency, accessibility, and trust across the carbon market.

By leveraging smart contracts and tokenization, we create a tamper-proof, immutable registry of carbon credits. Credits are uniquely identified on-chain, preventing duplication or manipulation. The system includes a P2P trading platform where businesses and individuals can buy or sell carbon credits directly, without intermediaries, reducing costs and enforcing compliance automatically. Further, we integrate IoT sensors for real-time emissions tracking from farms, factories, and transport systems.