Carbon Utility Token (CUT) co-founders Matthew Pickup and Ethan Gilmore join Bittrex Global CEO Stephen Stonberg on the Bit Podcast to discuss CUT's vision and how the project helps individuals and organization offset their carbon footprint. Matthew and Ethan also discuss why they chose to take necessary steps to set up in a jurisdiction like Liechtenstein, where there is regulation and a framework for compliance.
Here is an except from the episode:
So we really focus on working with the best of breed of carbon offsets that we can through our partnerships, and using blockchain technology to provide the transparency from those projects directly to the end user that’s using the CUT token, as carbon offset retirement as a service. That’s our utility. So when you look at that…can you go out if you are a corporation and plant trees? That’s great. We’re not saying that’s bad, but it’s also very difficult to judge the actual amount of carbon that’s being offset just by planting trees, even though that sounds great.
- Ethan Gilmore, CUT Co-founder
Matthew is an experienced founder in technology and renewables, and was recently part of developing a clean energy data network. Other experiences include founding a startup in finance working with over 100 impact businesses in fundraising and growth. Matthew holds a commerce degree from Dalhousie University.
Carbon Utility Token (CUT) co-founders Matthew Pickup and Ethan Gilmore join Bittrex Global CEO Stephen Stonberg on the Bit Podcast to discuss CUT's vision and how the project helps individuals and organization offset their carbon footprint. Matthew and Ethan also discuss why they chose to take necessary steps to set up in a jurisdiction like Liechtenstein, where there is regulation and a framework for compliance.
As we come to the closing ceremonies of the first ever POAPathon, which started as an idea (or joke, depending who you talk to) only a few weeks ago, we’re taking a breath to look back at this one of a kind event for creative designers, POAP enthusiasts, and the DEFI community.If you want a deep dive, you can check out the FAQ on POAPathon, but in short Carbon Utility Token was lucky to be one of the sponsors who offered up bounties to creative designers to build POAP art for their crypto projects.
We just offset the entire Ethereum blockchain for 1 hour on Earthday. That's now 2,700 tonnes of CO2 not in the atmosphere... This is just the start of the blockchain revolution, helping build a more sustainable future!
