The BITMO Platform

Blockchain for Climate Foundation created the BITMO Platform to enable issuance and exchange of “Blockchain Internationally Transferred Mitigation Outcomes” (BITMOs) as ERC-1155 Non-Fungible Tokens (NFTs) on the Ethereum blockchain. Each token, equivalent to one tonne of CO2 equivalent has all pertinent carbon credit data embedded right into the NFT.

Amongst all the compelling uses of blockchain technology to address climate change, we have focused on building a pathway for countries of the world to finally operationalize Article 6 of the Paris Agreement. This critical, incomplete article lays out the rules and procedures for international collaboration on emissions reductions and governance of cross-border carbon markets. It is our hope that the BITMO Platform can fulfill a critical infrastructure role by enabling corresponding adjustments and immediate settlement of trades for national carbon inventories. Emissions reductions outcomes are the most important, and soon to be among the most valuable, assets of the world. The BITMO Platform, built on Ethereum, links opportunity to reduce emissions with capital and demand, creating the future we need, faster.