Carbon Credits
Student: Cian Fogarty, 2022-2023
Sponsor: Inveniam, Novi, Michigan
This capstone project works with Inveniam to revolutionize the process by which carbon credits are measured, audited, tokenized and traded in the marketplace using the company’s patented technology. Inveniam is a fast-growing SaaS company that provides data integrity and price discovery for low-frequency trading assets, using big data, AI and distributed ledger technology. The Inveniam ecosystem can provide carbon credit owners trust and transparency in the data used to create and trade carbon credits in the marketplace. This will make carbon credit trading more efficient and help the world achieve its goal of carbon neutrality by 2030. This project will investigate the creation of a carbon credit validation system using Inveniam’s patented blockchain technology. A strategic partnership with a carbon credit standardization company will also be analyzed to determine whether an internal system to bypass the standardization company would be more efficient and profitable.