The GreenCoin Foundation operates an ecosystem to enable Social Carbon. This short, introductory movie gives an overview of the ecosystem:
The GreenCoin incentive system works because it is inexpensive to operate and does not require government intervention or international government cooperation to operate. The ecosystem maximizes efficiency by allowing individuals to control the ownership and distribution of carbon emission offset credits. The value of the ecosystem is set by free, open-market operations.
GreenCoin is simple to use. It works by incenting the hard work performed by renewable producers. For example, a person who currently owns a PV solar system on their home would is eligible to receive GreenCoins for free.
Renewable asset owners, such as PV solar array owners, do useful work toward mitigating climate change that currently has no additional incentive or reward. More specifically, they create electrical energy at a reduced carbon output when compared to the average amount of carbon released by the global electrical production effort. This creates a carbon offset for which a benefit is constructed.
Report Green Energy
The asset owner reports their production daily to the GreenCoin Foundation. The information is processed to calculate the amount of carbon savings the owner has produced.
The Foundation distributes GreenCoins directly to all of the asset owners reporting for that day in relative proportion to their carbon saving efforts.
Once the owners hold the GreenCoins, they are free to do with them as they wish. The GreenCoin ecosystem allows renewable producers of all sizes to participate and does not require any government agency in order to operate. Participation in the ecosystem is 100% voluntary, and is always completely free. The services of the GreenCoin Foundation are complimentary.
Built on Blockchain Technology
GreenCoin is an incentive crediting mechanism based on open-source blockchain technology. These technologies are an emerging set of secure software protocols that are revolutionizing business and commerce worldwide. This enables an ecosystem that is highly-scalable, inexpensive to operate, secure, and that is open to everyone worldwide with an internet or cellular connection.
Joining GreenCoin will take some personal effort. We anticipate this getting easier soon. We are registering new members that currently own the any of the following renewable production assets:
If you already own or participate in one of these systems, simply go to the sign-up page and register. In addition to your name and address, you will need the following documentation (don't worry, we will guide you through in the registration process):