✨What is Tracer

Background

As discussed in the previous chapter, the current carbon dioxide removal (CDR) market is dominated by projects focused on reducing future emissions, which, while valuable, are insufficient to address the vast amount of CO2 that has already accumulated in the atmosphere. To meet the urgent need for gigaton-scale carbon removal, the market must rapidly scale up and embrace a wide range of CDR solutions, including both nature-based and engineered approaches.

However, the fragmented nature of the current market, lack of standardization, and limited liquidity pose significant challenges to achieving this goal. Trust in the quality and integrity of carbon credits is undermined by the absence of transparent verification processes and the risk of reversals. Additionally, the complexity of navigating multiple projects, standards, and platforms hinders accessibility and efficiency for both buyers and suppliers.

Tracer aims to address these challenges by providing a disruptive blockchain-based solution that delivers both trust and liquidity to the CDR market. By leveraging smart contract architecture and advanced financial functionality, Tracer creates a unified solution for the issuance, trading, and management of high-quality carbon removal credits.