ReGen Future Capital will use the Aleph Zero platform to build a new foundation for carbon markets worldwide. The protocol will be properly customized for the needs of this specific product by Cardinal Cryptography, a long-time research and development partner of the Aleph Zero Foundation.
The team behind Aleph Zero believes this is a great use of the platform: a sustainable infrastructure application solving real-world problems. After careful deliberation, the Aleph Zero technology stack has been chosen by a team with decades of experience in building companies in the renewable energy sector. Founded by Riccardo Segat, ReGen Future Capital specializes in regenerative finance; through investments in renewable energy, forestation, soil regeneration, ocean restoration, and plastic removal. The mission of the company is to redefine the relationship between profitable investment, environmental development, and the regeneration of natural capital.
The common goal of ReGen Future Capital and Cardinal Cryptography is to solve the biggest issues preventing the mass adoption of carbon markets in 2020 and beyond. Within the next months, a greenhouse gas registry powered by Aleph Zero will solve the challenges of transparency and traceability of carbon credits. The registry will be efficient, scalable, and collusion-resilient.
Aleph Zero DLT can reach tens of thousands of transactions per second with a sub-second validation time on a network of over 100 nodes spread over the world. This effectively means that Aleph Zero is the first Directed Acyclic Graph (DAG)-based technology with such a degree of decentralization. Additionally, the network’s hot-seat committee size will grow to an even larger amount of members. From the security perspective, Aleph Zero reaches the maximum possible standard by achieving asynchronous Byzantine fault tolerance. Moreover, the consensus protocol has been peer-reviewed and presented at an Association for Computing Machinery (ACM) conference in Zurich. What’s also worth noting is that Aleph Zero keeps the energy consumption to a minimum compared to conventional blockchains that use Proof-of-Work, which is an optimal quality in a variety of sustainability-focused products.
The carbon registry will be built with end-users in mind to encourage accessibility and global usage on compliance and voluntary basis.