Share this article
Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Internet Computer's Dfinity Is Building Carbon Credit-Inspired Tech for Waste Management
The not-for-profit foundation is working with management consultancy Roland Berger who introduced the Voluntary Recycling Credits (VRC) standard in June, which is inspired by the carbon credit market.
Internet Computer blockchain (ICP) contributor the Dfinity Foundation, is developing a technology for a global standard to incentivize recycling activities.
The Swiss-based not-for-profit foundation is working with management consultancy Roland Berger, who introduced the Voluntary Recycling Credits (VRC) standard in June, inspired by the carbon credit market.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The VRC initiative aims to address global issues with the waste management sector that is contributing to climate change, the firm said in a statement, adding that out of 2 billion tons of municipal solid waste produced annually, the recycling rate is less than 10% for global plastic waste.
Read more: How Blockchain Can Transform Climate-Friendly Investment Opportunities
Dfinity will build a product on an Internet Computer for the buying, selling and trading of recycling credits that can be tracked by recyclers, waste producers and so on.
Roland Berger sees blockchain technology as a "foundational element critical for its success," thanks to its decentralized model guaranteeing "a transparent, auditable, and secure record of recycling credits and transactions," according to the statement.
Read More: IFC-Backed Carbon Opportunities Fund Uses Chia Network to Settle Tokenized Carbon Credits
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
More For You
Multisig Failures Dominate as $2B Is Lost in Web3 Hacks in the First Half
A wave of multisig-related hacks and operational misconfiguration led to catastrophic losses in the first half of 2025.
What to know:
- Over $2 billion was lost to Web3 hacks in the first half of the year, with the first quarter alone surpassing 2024’s total.
- Multisig wallet mismanagement and UI tampering caused the majority of major exploits.
- Hacken urges real-time monitoring and automated controls to prevent operational failures.
