There’s a new CAT in town – the Carbon Asset Token

Thanks to a Chia Plot discord member Grizzo, we can start to see some of Chia’s plans for the future crystalizing. Newly added to the Chia Network github repository is a new form of CAT – the Carbon Asset Token. The readme file says its the “Carbon Asset Token Retirement Explorer” react application, so I assume the front end for some kind of carbon credit trading system.

After the announcement of the Climate Warehouse program, and being selected as the blockchain technology partner for the World Bank on that initiative, it only makes sense that there would be more products in this arena coming from Chia Network. And I think we have it.

From what it looks like, it looks to be half done, and not necessarily something big. It could be part of Asteroids though, and if it is it makes the likelihood pretty high that Asteroids is a Climate Marketplace. Right now there are entities currently running theirs on spreadsheets and if they could easily implement a replacement using the Chia blockchain to settle carbon credit trades that might improve things a lot in this space. Whether this is Asteroids or not, I think its a smart idea, since if their pilot goes well with World Bank they will have real credibility in this space. So maybe we see it regardless.