The Exchange offers a central marketplace for carbon credits (EEUs) and will include CORSIA eligible credits. The trading system powering the exchange has been developed for AirCarbon by First Derivatives (link), a leading provider of products and consulting services to some of the world’s largest exchange, finance, technology and energy institutions.
The Exchange uses blockchain technology to securitize EEUs generating a tradable AirCarbon Tokens denominated in tons of CO2. Each Token is backed by one equivalent ton of carbon EEUs (soon to be CORSIA compliant), allowing for added liquidity and instantaneous trading.
The Exchange offers physical delivery of credits for Airline Members at no charge and against a transaction fee to other Members.
Blockchain allows for an open, transparent, and liquid asset that reduces friction, and ultimately decentralizes the system to provide a truly distributed and borderless solution for commodities trading and asset value creation. Blockchain technology can provide the right foundation to create an efficient and 100% digital platform that can enables trading and settlement of commodities globally and instantly.
Because the AirCarbon Token is blockchain-based, it has allowed us to create a hybrid, decentralized platform, which mirrors commodity markets (specifically Carbon). This simplifies and automates today’s laborious and manual processes, allowing for ease of trade, ability to make settlements, and clear as well accomplish synchronization of document exchange and collateral management. AirCarbon represents the commodities market of the future where commodities and collateral can be tokenized, creating an entirely new approach to securitized token trade.
The AirCarbon Token is the easiest and most streamlined instrument for the trading of CORSIA eligible emission units.