Zero13 is an automated AI and blockchain-driven international carbon exchange, registry, and aggregation hub ecosystem. It was launched in 2021 by GMEX Group, a leading provider of exchange-based solutions for the global energy and environmental markets.
Zero13 Hub is a platform-as-a-service (PaaS) that offers a distributed point of entry for the digital issuance, trading, and settlement of carbon credits and real-world assets such as ESG securities. It connects multiple international carbon exchanges, registries, custodians, and ESG project owners globally for supply verification, transparent pricing, and real-time settlement using APIs and across blockchains enabled by the Zero13 Chain (Pyctor).
Zero13 Registry is an automated AI meta-registry that can assess and monitor progress towards decarbonization goals and ensure controls to detect fraudulent credits and double counting with full disclosure of sustainability disclosure requirements.
Zero13 is designed to address the key challenges of the traditional carbon markets, which are fragmented, illiquid, and opaque. By using blockchain technology, Zero13 can provide a more transparent, efficient, and secure platform for carbon trading.
Benefits of Zero13
Zero13 offers a number of benefits to participants in the carbon markets, including:
- Increased transparency and efficiency: Zero13 uses blockchain technology to provide a transparent and efficient platform for carbon trading. All transactions are recorded on the blockchain, which makes it easy to track the ownership and provenance of carbon credits.
- Reduced costs: Zero13 can help to reduce the costs associated with carbon trading by streamlining the process and eliminating the need for intermediaries.
- Improved liquidity: Zero13 brings together buyers and sellers of carbon credits from around the world, which creates a more liquid market.
- Enhanced security: Zero13 uses blockchain technology to secure carbon credits and prevent fraud.
- Global reach: Zero13 is a global platform that can be accessed from anywhere in the world.
How Zero13 Works
Zero13 works by connecting multiple international carbon exchanges, registries, custodians, and ESG project owners globally. This creates a single point of entry for the digital issuance, trading, and settlement of carbon credits and real-world assets such as ESG securities.
To use Zero13, participants must first create an account and register their carbon credits. Once registered, participants can trade carbon credits with other participants on the platform. All trades are settled in real-time using the Zero13 Chain.
Zero13 Chain (Pyctor)
The Zero13 Chain (Pyctor) is a hybrid blockchain platform that is specifically designed for the carbon markets. It is built on the Tendermint Core consensus engine and uses a combination of Proof-of-Stake and Proof-of-Authority to secure the network.
The Zero13 Chain offers a number of features that make it ideal for carbon trading, including:
- High performance: The Zero13 Chain can process thousands of transactions per second, which is essential for a liquid carbon market.
- Security: The Zero13 Chain is secured using a combination of Proof-of-Stake and Proof-of-Authority, which makes it resistant to fraud and cyberattacks.
- Flexibility: The Zero13 Chain is designed to be flexible and scalable so it can accommodate the needs of a growing carbon market.
Conclusion
Zero13 is an innovative platform that uses blockchain technology to transform the carbon markets. By providing a transparent, efficient, and secure platform for carbon trading, Zero13 can help accelerate the transition to a low-carbon economy.
In addition to the benefits listed above, Zero13 is also working to develop a number of new features and services, such as:
- A carbon credit marketplace: Zero13 is developing a carbon credit marketplace where participants can buy and sell carbon credits directly from each other.
- Carbon offsetting services: Zero13 is developing carbon offsetting services to help businesses and organizations offset their carbon emissions.
- Sustainability reporting tools: Zero13 is developing sustainability reporting tools to help businesses and organizations track and report on their sustainability performance.
Zero13 is a rapidly growing platform with a global reach. It is already being used by a number of leading organizations, including Microsoft, Google, and Amazon. As the carbon markets continue to grow, Zero13 is well-positioned to play a major role in the transition to a low-carbon economy.
