Cambridge University to Build Carbon Credit Marketplace on Blockchain

Cambridge University to Build Carbon Credit Marketplace on Blockchain
The University of Cambridge is developing a blockchain-based market for trading carbon credits that will support reforestation projects to preserve biodiversity.The U.K. university has established the Cambridge Centre for Carbon Credits where computer scientists and conservation scientists will work together on the project.The center will look at how the purchase of carbon credits can be used to fund nature-based solutions preserving biodiversity.The marketplace will be built on the Tezos blockchain, chosen because it is a sustainable option.A carbon credit is a permit that allows the holder to emit a certain amount of carbon dioxide or other greenhouse gas, such as…