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Author Topic: [ANN] Poseidon - Empowering people to save the planet with every purchase  (Read 17977 times)
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October 12, 2018, 11:07:53 AM
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October 15, 2018, 03:21:56 PM
 #2

Every decision has a climate consequence, positive or negative. But can you tell how much carbon your everyday choices result in? In our mind it’s too difficult, even though the answer could save the planet.

As consumers, we’re growing more socially conscious. We recognise the value of greener products and sustainable projects, and we’re often willing to pay extra for them. Within our ecosystem, every climate-negative purchase is linked to an equally climate-positive carbon credit, allowing you to offset it instantly.

For the very first time, our platform empowers everyone to participate in climate action and you can be part of it.
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October 15, 2018, 03:24:32 PM
 #3

What is carbon credit?

All waste is a product of life that creates more life. For example, a farmer owns a cow that produces waste. The waste is used by plants to produce more plants. The cow eats the extra plants and creates more waste and the cycle continues.

But what happens if the farmer buys too many cows? Too much waste can kill the plants. The farmer can either reduce his cows, or plant more plants, but he has to do something to save his farm.

This is the problem humanity faces. We create CO2. Plants use our CO2 and make more plants. We use our plants waste to breathe, but as our population continues to grow we create more and more CO2. So much, that the plants can’t use it fast enough.

To address this challenge, 192 countries have decided to reduce their pollution over time by signing the Kyoto protocol. This is where carbon credits come in. Governments create limits on how much pollution companies can make every year by issuing them carbon credits.

1 carbon credit allows a company to produce one ton of pollution(CO2) per year. If the company doesn’t have enough carbon credit, they pay a big fine to the government.

How do carbon credits interact with our platform?

OCEAN tokens are instruments of payment that, within the Poseidon platform, provide access to carbon credits. On our platform, we can transact grams of carbon credits, for the first time, allowing us to integrate the carbon market with the retail sector.
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October 15, 2018, 06:51:57 PM
 #4

Carbon market + retail sector = climate positive purchase

Our platform is unique in many ways. With it, we can transact grams of carbon credits, for the first time, allowing us to integrate the carbon market with the retail sector.

Once our solution is fully operational, retailers will be able to offer carbon credits with every product and service to mitigate and rebalance their negative climate impact or even turn them into a “climate positive” offering. Customers will be able to make a purchase at a physical shop or online store and immediately contribute to the fight against climate change.
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October 16, 2018, 01:56:56 PM
 #5

I am guessing you will be working with XLM stellar then?
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October 16, 2018, 06:37:34 PM
 #6

I am guessing you will be working with XLM stellar then?

We have chosen Stellar as our blockchain partner as it is the only platform that offers scalability in line with our values. Compared to the vast majority of other blockchain platforms, Stellar created an architecture that uses far less electricity and offers significant environmental advantages, which is crucial for our purpose. We could not be building Poseidon as part of a climate change solution if our blockchain platform were an excessive carbon emissions contributor.

With a transaction on the Stellar network only using about 1.79% of the electricity a VISA transaction requires, this results in an environmental impact that is very favourable in comparison. For us at Poseidon, this was the most important factor when we chose our blockchain partner.

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October 17, 2018, 08:31:22 PM
 #7

⚙️ How our token works
We created the two Stellar assets: OCEAN and CARBONCREDIT that are unique tokens to the Poseidon platform. They enable the processing of carbon credit micro-transactions in almost realtime at a very low cost. OCEAN tokens are instruments of payment that are used to purchase CARBONCREDIT tokens for the purpose of either offsetting carbon emissions or to take ownership of carbon credits.

OCEAN token

The Stellar asset OCEAN is an instrument of payment and the only way to purchase carbon credits on our platform. Customers can purchase tokens from Poseidon or on the secondary market and in retail integrations also use OCEAN tokens from our liquidity pool.

CARBONCREDIT token

The Stellar asset CARBONCREDIT represents one ton of carbon credit and each will be linked to a particular Stellar account, representing carbon credits that were purchased from one emission reduction project for a particular year. Using these tokens, we are able to transact fractions of carbon credits. Carbon credits are currently traded in tons and our vision is to trade them in grams, small enough to attach them to individual product and service purchases in the retail space. As carbon credits are created with every new emission reduction project and as they are also continuously taken out of circulation when they are being attached to a carbon emission as an offset, we will continuously create new CARBONCREDIT tokens and burn existing ones over time.
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October 17, 2018, 08:40:30 PM
 #8

Poseidon founder explains the vision behind the project in the interview held during the Sustainable investment development Forum. Check it out!

👉 https://vimeo.com/268264695
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October 18, 2018, 04:45:18 PM
 #9

The fact that your platform is built on the most advanced platform Stellar is good, offset. You wrote. "LCC is working to integrate the revolutionary Poseidon platform into the city’s infrastructure as part of its bid to become the first climate-positive city in the world." And in what particular city will you implement your platform?


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October 18, 2018, 04:54:19 PM
 #10

Poseidon’s tokens can be used in two verticals. These are the offsetting of carbon emissions and the trading of carbon credits. Both verticals directly support climate action by channeling funding to sustainable development projects and both verticals require the payment for CARBONCREDIT tokens with our instruments of payment, the OCEAN tokens.


Trading carbon credits ultimately is an intermediary step between the creation of a carbon credit and its use as an offset for a carbon emission. Trading creates a higher demand for carbon credits and can therefore drive the price up. This is an important mechanism that supports the development of the carbon market as well as provides crucial liquidity to sustainable development projects. Typical participants are trading desks of banks or large corporations, as for example BNP Paribas or Shell.
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October 18, 2018, 05:04:37 PM
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The fact that your platform is built on the most advanced platform Stellar is good, offset. You wrote. "LCC is working to integrate the revolutionary Poseidon platform into the city’s infrastructure as part of its bid to become the first climate-positive city in the world." And in what particular city will you implement your platform?


LCC stands for Liverpool City Council. Our platform will be integrated into Liverpool's infrastructure to begin with. As we continue to expand, other cities may implement on the framework we are offering and turn into a climate-positive city.

Feel free to check our video for more details on how we use blockchain technology as a solution for carbon trading 👉 https://vimeo.com/267632784
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October 20, 2018, 10:33:59 PM
 #12

🏛 Corporate and government can benefit from our solution in order to satisfy their legal obligations for promoting sustainable development and environmental integrity.



The process can be described as follows:



🔹A corporation or government decides to offset its carbon emissions using the Poseidon platform.



🔹Our Footprint-AI engine calculates the carbon footprint and the Poseidon Offset-AI selects the best carbon credits using an array of criteria.



🔹 Once a transaction is made, the blockchain integration processes OCEAN and CARBONCREDIT tokens in real-time.



🔹 A certificate is issued as verification for the offset.

Corporates and governments will also be able to offer their customers opportunities to offset the carbon emissions of services they are providing. This could either be to pass the entire cost on to
the customers, or as a joint-hands approach where all parties involved work together, which is our preferred integration with this third target market.
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October 21, 2018, 05:48:05 PM
 #13

👣 Our everyday lives are comprised of small actions that carry their own carbon footprint. Over time, the purchases we make result in more or less CO2 released into the atmosphere, thus impacting the health of our planet.


🔎 Due to the numerous criteria applied when a product is analyzed, we have developed our Footprint-AI that tracks the amount of CO2 resulted from the goods and services we buy. Based on the outcome, the engine can provide alternatives for offsetting the carbon emission in the form of micro-donations for rainforest preservation projects.

🌳 As a result, people will be encouraged to become more aware of their carbon footprint and make choices that lead to a more environmentally friendly lifestyle.
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October 22, 2018, 07:20:52 PM
 #14

📋 All crucial carbon credit data will be stored in Stellar accounts on the blockchain. The status of a carbon credit, whether it is validated or even retired, will be kept on the blockchain to provide an immutable record of its life cycle.

🔎 On our platform, data will be searchable by any stored parameters, including, among others, by geographical locations or whether a carbon credit has already been retired or not.  This will allow the creation of custom reporting, for example to provide market participants with an overview of their activity or statistics that do not include details of individual users.
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October 23, 2018, 06:43:50 PM
 #15

🌀 Poseidon uses a unique circular impact investment model (CIIM) that results in any contribution having an iteratively growing impact. We use 80% of all funding raised through OCEAN token sales to purchase carbon credits at wholesale prices. The purchased carbon credits will then be sold at retail prices with a target margin of 80%, depending on market conditions.


✅ Using our unique CIIM model, an OCEAN token sale of €10 million results in the purchase of €8 million worth of carbon credits (80%). These carbon credits are then sold and from the proceeds 50% more carbon credits are purchased.

📈 The financial support that Poseidon is therefore able to provide to forest conservation projects from an initial €10 million OCEAN token sale is increasing with each cycle, creating an iterative impact investment of €8 million + €12 million + €18 million, and so on.
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October 24, 2018, 04:04:50 PM
 #16

Less than a dozen companies are currently working on various concepts for the carbon markets and while some of our competitors show promising concepts, not a single one has launched a working pilot or even developed a working product. Poseidon managed within its first 8 months to not only create a working product but launch a pilot with Ben & Jerry’s, which is still successfully running five months later.

Even though Poseidon is the latest project to have entered the market, it is the only one that has managed to move from napkin stage over a solid structure to a working solution that has now been live since May 2018, without a single outage. This success of the platform is a testimony to the team and the technology that has been built in record-time. Signed agreements with retail, corporate, and government clients demonstrates significant traction for the platform and positions Poseidon as the clear blockchain leader in the carbon credit markets. Poseidon is also the only entity that successfully addresses demand creation for carbon credits, the real challenge for mass adoption.
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October 25, 2018, 04:26:38 PM
 #17

You have written. “BAC wants to work on creating green technologies that want to create real transport solutions for the growing mobile world.
". And the coins will also be created by an environmentally friendly method or will they be created by the mining method? Well, then the greenhouse effect your coin brings.


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October 25, 2018, 08:49:51 PM
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You have written. “BAC wants to work on creating green technologies that want to create real transport solutions for the growing mobile world.
". And the coins will also be created by an environmentally friendly method or will they be created by the mining method? Well, then the greenhouse effect your coin brings.

We have partnered with Briggs Automotive Company(BAC) as we share a common goal, addressing humanity’s carbon impact by innovating the industry standards. You can read the full press release here 👉 https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/bac-partners-with-poseidon-to-become-the-first-car-manufacturer-to-go-climate-positive

There will be a fixed supply of 36 billion tokens, thus coins will not be mineable. By moving to the Stellar blockchain, we have opted for the least harmful solution.We could not be building Poseidon as part of a climate change solution if our blockchain platform were an excessive carbon emissions contributor. Every digital transaction implies the use of energy, however, Stellar consumes the least electricity(0.03 Wh⁶) per transaction even compared to VISA(1.69 Wh⁴).

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October 25, 2018, 08:51:02 PM
 #19

⭐️ Poseidon platform is a revolutionary solution that integrates blockchain technology into the carbon market sector, thus making the purchase of carbon credits available to the regular consumer.

🛍 By integrating with our platform, retailers will be able to offer carbon credits with every product and service to mitigate and rebalance the negative climate impact of every purchase and turn it into a “climate positive” offering.

Discover more 👉 https://poseidon.eco/
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October 26, 2018, 02:59:33 PM
 #20

🌏 There are a multitude of carbon projects in the world and it can be challenging to know whether a specific carbon credit will provide the desired climate action.

✅ To ensure that our platform will create the positive impact we and our partners envision, it will be crucial to only offer the highest quality of carbon credits and only support the best carbon projects with our blockchain solution.

📒 Any emission reduction projects that will be added to our blockchain platform receive rigorous due diligence and are subject to ongoing monitoring to the highest global standards to ensure both quality and relevance of the resulting carbon credits.
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