Hello, Carbon Market Beta

3 Mar 2022,

In Q4 2021 we released the DOVU Carbon Market, cementing our position inside of the Hedera ecosystem. Our team did an incredible job producing the original marketplace – we built the entire system within eight weeks. Our aim was always to produce the foundational layer for us to build upon.

Now, we’re proud to announce the release of the Carbon Market Beta. There are a number of features you’ll see in this version, including:

  • A brand-new redesign to lead us into the future
  • The ability to filter projects 
  • Two-factor authentication as a security feature

The new design

In our previous iteration, we struck at the core of what it means to tokenise carbon offsets using our dynamic NFT technology. Now, the focus has switched to supporting user experience, making it simple for anyone to gain an understanding of any project before offsetting carbon. 

One of our main areas of focus was around how a project is displayed. We asked ourselves: how can we deliver as much relevant information then allow users to explore after the fact?

Previously, all the information was on a single screen. Although this served its purpose, we found it was hard for users to understand – and comprehend – all of the facets of a given project.

A new look for the DOVU Carbon Market

Project filtering

A core feature of the marketplace is a filtering capability. This means that the user can drill down and search for the exact projects that they need.

Filtering is now possible

Moving forwards, this feature will continue to grow – it will be possible to filter by many other fields such as location and durability of carbon. So, individuals and companies that wish to offset will be able to connect to reputable projects based on their location.

This is going to be a key feature of DOVU moving forward. We’ll also be integrating our Carbon Calculator and Carbon Market Cap tools – and will integrate project filtering with the (Hedera) Guardian whilst utilising discoverability benefits. In the future, we’ll be able to filter any tokenised carbon credit on the entire Hedera Hashgraph network.

As a result, anybody that supplies carbon through DOVU will not only get access to our marketplace (and other income opportunities such as data), but they will also get access to all other places that that token resides. This will enable the DOVU project to massively amplify its impact. 

Personal security

Personal security is extremely important for ensuring that tokenised carbon tonnes can’t be sent to unauthorised Hedera accounts.

Two-factor authentication is a great way for all users to add an additional layer of security and make sure that, if their password is compromised, bad actors can’t access their account.

In the upcoming months, we’ll add more self-custody features for owners of each carbon offset. 

So, what’s next?

There are two items remaining for this quarter; carbon onboarding and staking.

Carbon onboarding

The team is working hard behind the scenes to provide tooling for carbon onboarding processes. Although this isn’t going to be public-facing, one of the benefits is the ability to gauge how much carbon is in a pipeline, and what stage it’s at before coming on to the marketplace. This gives us a more realistic overview of our carbon roadmap.

Staking

We’re excited to announce the first phase of staking.

On 14 March we’ll open the doors to the first phase of whitelisted users to test the staking platform. We can’t wait for people to stake with us and we encourage feedback from the community to make our products stronger. 

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