The implementation of green blockchain technologies, the establishment of methods that favour the security and efficiency of transactions, the exchange of carbon credits, the signing of smart contracts and the creation of a certification scheme for carbon credits summarise the challenges to be carried out by the BISITE Research Group in the INNO4CFIS project, funded with 10 million euros through the new EU instrument 'i3' or Interregional Innovation Investments. Its aim: to modernise and streamline the carbon credit trading process using innovative digital technologies, with a strong focus on sustainability, traceability, and security.

Among the actions to be carried out, BISITE researchers plan to host two workshops. They will be held on 14 and 27 November in online format. The first one will be on "Distributed Ledger Technologies" and will include training on P2P networks and communication, cryptography in blockchain, bitcoin and digital currency, block propagation, Ethereum and EVM, oracles and directed acyclic graphs (DAG). The second one will focus on "Decentralised Voluntary Carbon Markets", which translates into training on carbon offsets, digital ledger technologies (DLT), decentralised markets and DeFi, proposed EU carbon sequestration certification and its future and conclusions.

With these two workshops, the experts from the BISITE Research Group will collaborate in achieving the twofold objective of the INNO4CFIS project: on the one hand, to promote reforestation practices that increase CO2 absorption, while favouring crucial environmental co-benefits, such as sustainable freshwater production, dry land and soil restoration and the promotion of biodiversity; and on the other hand, to finance the promotion of highly innovative technologies promoted by SMEs through a cascade system that will provide economic coverage to a minimum of 42 companies.


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