Tharawat Green Exchange utilizes blockchain technology to create a secure marketplace for trading carbon credits and facilitating tree planting projects, ensuring traceability and transparency in environmental initiatives. By connecting carbon offsetters with verified projects, the platform directly contributes to Saudi Arabia's Vision 2030 goals for a sustainable economy and aims to plant 2.2 million trees over five years.
Funding
$450K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations and individuals seek to offset their carbon emissions and support environmental sustainability, but they lack a transparent and secure platform to connect with verified tree planting projects. Existing carbon credit markets often suffer from traceability issues, making it difficult to ensure the legitimacy and impact of carbon offsetting initiatives.
Solution
Tharawat Green Exchange provides a blockchain-based marketplace that connects carbon offsetters with verified tree planting projects, promoting transparency and accountability in environmental initiatives. The platform utilizes NFTs to represent individual trees, recording details such as GPS coordinates, tree type, project name, and carbon offset value on the blockchain. By funding projects through the platform, carbon offsetters receive blockchain-registered Carbon Credit Certificates, ensuring traceability and verifiable environmental impact. This approach streamlines access to carbon offsetting within the Saudi market, enhancing visibility and accessibility for both buyers and suppliers.
Target Audience
The primary target audience includes organizations and individuals looking to offset their carbon emissions and engage in corporate social responsibility initiatives, as well as entities that supply trees for carbon offsetting projects.
Features
- Blockchain-based platform for trading carbon credits linked to tree planting projects
- NFT representation of individual trees, recording key project and environmental data
- Secure and transparent tracking of carbon offset investments
- Carbon Credit Certificates registered on the blockchain for verifiable proof of offset
- Platform facilitates funding for tree suppliers and connects them with carbon offsetters
- Focus on projects within the Saudi market, aligning with Saudi Vision 2030