Climate change is having a significant impact on virtually every element of life on Earth, including human civilizations, economics, and health. One of the primary reasons causing climate change is due to human activities. Our actions, and the actions embedded in the obtention of goods and services generates an amount of greenhouse gases. Therefore, we develop a method needed called “Green algorithm”, which estimates the carbon footprint of any computational task in a standardised and reliable way.
Oxychain develops Green algorithm
Various human activities are responsible for considerable greenhouse gas emissions. Although the growth of high-performance computing has resulted in many significant scientific achievements, the resulting carbon effect has been underestimated. Our team envisioned a “Green algorithm” that enabled a circular economy to fund OxyFarms. The algorithm cycles go from funding, minting, trading, offsetting, to investing and restarting the process; this is what we called, a “Green algorithm”.
Oxychain is creating Green Algorithms that allow people to measure, understand and compensate for their impact, and it also allows other business owners to add carbon offsetting capabilities in their platforms. The Green Algorithms tool fits easily into computational processes since it requires little information and does not interfere with current code. Finally, we evaluate the environmental effect by applying Green Algorithms.
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About Oxychain: Oxychain is an on-chain solution to create interoperability between the carbon markets and the digital world with software infrastructure for on-chain compensation. Oxy Labs, the company behind it, aims to bring transformative solutions to the conventional Carbon Markets with focus on capillarity, accessibility and interoperability.
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