Flowcarbon, a climate tech company scaling carbon reduction and removal projects, and Watr, a Polkadot parachain for ethical commodities, announced a partnership to bring the capital, talent and technology of decentralized finance to the voluntary carbon markets on Watr — in service of the $17 trillion commodities industry.
The partnership will see Flowcarbon launch its carbon tokenization technology and infrastructure on Watr Protocol as a foundational building block of Watr’s decentralized carbon ecosystem. The aim is to support the exponential step change in carbon credits needed to service the net-zero commitments made by industry for 2030 and beyond.
Today's on-chain carbon ecosystem is fragmented and excludes the largest demand centers for the voluntary carbon market (VCM): industry and commodities. This partnership sees Watr and Flowcarbon collaborating to ensure novel VCM products are co-created with, and amplified by, expertise and demand from the largest