Hello and welcome to this blog post about IMPT White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the IMPT white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the IMPT.
I can ensue you that, you will be able to understand every bits and pieces related to IMPT after going through the IMPT white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
IMPT White Paper
IMPT white paper will be going to provide you, all the information that is needed to get started with IMPT, including the inspiration for creating, the problem it is trying to solve and the solution proposed by IMPT.
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“The consequences of global warming have rapidly emerged during the last century in the form of rising ocean levels, reduced agricultural yields, and rapidly elevating carbon dioxide levels. According to the International Energy Agency, total greenhouse gas emissions reached 40.8 Gt of CO2 equivalent in 2021.
Global emissions of carbon dioxide constantly increase each year, which ultimately leads to an increase in the world’s temperature. According to the United Nations Environment Programme, to keep temperature increase within 2 degrees by 2100, emissions must fall by 25% before 2030.
At present, the carbon offset market proves to be an efficient solution aimed at reducing emissions as quickly as possible and driving positive climate change. That is why we’re developing IMPT.io – a blockchain-based platform that helps each individual and business offset their carbon footprint in an easy and secure way.
Our goal is to provide everyone with the opportunity to help the environment and make a positive change. With our platform, users can acquire carbon credits while doing their regular shopping. Alternatively, they can simply purchase them on the platform.
We tokenize carbon credits so users receive them in the form of NFTs. The NFTs are further displayed in a decentralized ledger that can be tracked by users, thus ensuring transparency and traceability. When the user retires carbon credits, burned NFTs are sent to a null address, ultimately eliminating their NFTs from circulation.
The blockchain records this transaction and the NFT is no longer available. As all transactions between platform participants are recorded on a distributed ledger, they are almost impossible to tamper with, which helps us avoid fraud and double counting. Moreover, when users retire their carbon credits, they receive unique NFTs created by artists. The users can trade these NFTs on the marketplace.
Overall, IMPT.io connects users with hundreds of impactful environmental projects around the world with the purpose to reduce carbon emissions and help our planet. IMPT.io also engages thousands of the largest retail brands that allocate a specific percentage of sale margin for environmental projects. It is accumulated in users’ accounts in the form of IMPT tokens.
The users accumulate these tokens till they reach the necessary amount of the carbon credit of their choice. As a result, users can continue with their normal shopping while helping the planet.
Another distinctive feature of IMPT.io is that it will allow each individual and each organization to measure their impact on the environment. We will build a social platform that will allow everyone to have an IMPT.io score, so everyone can monitor how impactful they are.
The platform will leverage impact points — the points that are awarded to both companies and consumers for their positive contribution to climate change. As, a result, IMPT.io will be a one-of-a-kind solution that allows users to not only reduce their carbon footprint and help the planet but also track their impact.”
White Paper Link: IMPT White PaperIMPT-WHITEPAPER
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