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Blockchain startup to simplify carbon credits Former WeWork C | Euphoria | Crypto News

Blockchain startup to simplify carbon credits

Former WeWork CEO Adam Neuman launches new startup Flowcarbon.

The idea behind the startup, is to make carbon credits more accessible and easier to trade with the help of blockchain.

Carbon credits are emission permits. Companies have emission allowances and if it exceeds them, it can purchase a carbon credit.

Businesses and individuals will be able to use Goddess Nature (GNT) tokens, each backed by a real carbon credit, to buy and sell permits on blockchain.