Blockchain Founders Group invests in Sustaim to bridge the gap in the carbon offset market
We at the Blockchain Founders Group are excited to announce the latest addition to our investment track record through investment in Sustaim. Sustaim is a platform that bridges the gap in the carbon offsetting market by providing investors with a verifiable and transparent process through bridging carbon onto the blockchain.
Why we invested in Sustaim
The increased awareness of global warming and the impact of carbon emissions raise the importance of reducing emissions for many companies. This trend is reflected in the two-fold increase in net-zero emission pledges, with the voluntary carbon market at $1 billion. This trend is projected to grow 15 times by 2030 according to research by McKinsey. One way to do this is by purchasing carbon credit to offset the emission.
However, the current carbon offset market is unable to handle the increasing demand. The process is highly inefficient due to its complicated nature, as most carbon offsets were done through over-the-counter processes, resulting in high fees and limited availability. Moreover, it lacks transparency as companies could not verify the actual impact of their contribution. Impact measurements were usually done by the projects themselves with unclear calculations.
Sustaim aims to bridge the gap in the carbon offset market
Sustaim aims to solve these issues by providing a verifiable and transparent carbon offsetting process by bridging carbon onto the blockchain. Acting as the bridge between projects and investors, Sustaim lower the entry barrier for companies interested in reducing their overall emissions.
Here is how Sustaim will make it easier for companies to invest in the carbon offset market:
- Sustaim provides an easy to use dashboard, where investors can buy, sell, and hold on to carbon offset projects they believed in.
- Sustaim creates direct connections to projects by providing transparent details about each project and supplying regular updates on the dashboard.
- Sustaim allows full transparency through blockchain by creating blockchain-based tokens, allowing companies to claim their contributions publicly.
Take a look at how Sustaim aims to make a carbon offsetting process easy by bridging projects with investors:
The team behind Sustaim is passionate about sustainability and blockchain, combining two industries that become more relevant these days. Milan Köhler, the co-founder, has experience in a B2B technology company and an extensive network with people in the carbon certification market. Peter Lange, the co-founder, has experience in the marketplace and renewable energy industry. Alexander Krost, CTO, has deep knowledge in data engineering and software development. Learn more about Sustaim on their Website and LinkedIn.
About Blockchain Founders Group
BFG Blockchain Founders Group is a company builder and early-stage venture capital investor. Our team comprises academic and regulatory drivers of the blockchain economy, serial entrepreneurs, and venture capitalists. We love to work with outstanding entrepreneurial talents and bring to bear the full support of our network to make them succeed. Follow us on LinkedIn, Medium, or Twitter.
About BFG Superstars Program
The BFG Superstars Program is a crypto incubation program for pre-seed ideas and a place for blockchain talents and co-founders to meet and launch crypto startups in 2 to 3 months. Each cohort will launch 5+ crypto startups with different blockchain-based solutions. At the end of the program, selected startups will receive funding amounting to $60,000. Find more information about the program here.