Carbon Offset Initiative

Introduction

Carbon footprint and pollution are increasing in front of our eyes and in order to get back on right track we have to change our habits and act together, only together we can change present environmental issues, save our habitat and preserve Earth’s natural resources for further generations.

Let’s make a difference together, while it’s not too late.

Carbon Offset Initiative is a green solution for waste and data traceability in different industrial spheres, using innovative blockchain technology to enhance productivity in collecting, tracking and recycling waste from different sources.
Our mission is to help organisations and enterprises save energy, reduce costs and build broader commercial value while addressing environmental and social issues.

Project Synopsis

Industrial, information, consumption and global economic growth put a tremendous strain on our planet’s environment and future sustainable development. However, the one thing that everyone seems to underestimate is that we live on a planet with limited physical resources, and we are using them up beyond any reason and produce ever increasing amounts of waste and emissions.

At the same time, the legal requirements to trace and prove total disposal or destruction of non-recyclable waste as well as to reduce emissions are getting tighter and more enforced across the globe. Ever growing production of waste poses a major challenge to traceability and proper disposal. Scientists, industrialists and states are trying to deal with the waste and emission related issues. Despite the time pressure, such global problems are dealt with locally, i.e. much too slow.

The industry that addresses these issues — recycling, waste management and emissions — is desperately trying to catch up with that speed of development and meet the corresponding European 20–20–20 6 targets, the COP 21 global CO2 goals 7, and the UN Sustainable Development Goals:

Good Health and Well-being,
Clean Water and Sanitation,
Affordable and Clean Energy,
Industry, Innovation, and Infrastructure,
Sustainable Cities and Communities,
Responsible Consumption and Production,
Climate Action,
Life Below Water,
Life On Land,

Waste Oil

Let us now deep dive into the waste oil related challenges, the regulation, as well as the exponentially growing concerns and fines surrounding the issue.

Waste Oil (Slops)

Produced By Vessels Every year, about 53,000 merchant ships (including 13,000 tankers) transporting 90% of the world’s goods use about 450 million tons of bunker fuel and produce an estimated ¹⁰ million tons of hydrocarbon-rich waste called ‘’slops’’

Slops are composed of, as follows:

Bilge water: This polluted bilge water contains a mixture of fuel oil, seawater, freshwater, cooling water, oil leaks and lube oils. They contain 10% of hydrocarbons.
Sludge: It is produced in engine rooms during the treatment of fuels used by the ships. It contains 80% of hydrocarbons.
Ballast waters are used in older tankers to stabilize the ship by replacing the oil when they navigate with no payload. By extension ballast waters also include tank-cleaning waters. They contain 20% of hydrocarbons.

Why so?

Next to the shortage of installations to collect and process slops in ports (mostly in but not limited to emerging countries), the second key reason why these incidents occur is the lack of performant and cost-efficient remote controls over the bunker fuel-oil to slops cycle from production, to collection to full regeneration or disposal.

CARBON OFFSET INITIATIVE SOLUTION

With our extensive experience in waste recycling, we have been deeply involved in the reality of the recycling processes of oily waters and slops.

There are three key concerns for shipping companies and owners:

Is the recycling job done legally, timely, and in a quality manner for the given quantity?
Are the involved parties paid according to agreements and minimum payments in cash?
Have we overpaid (hidden theft)?

Vessels would be equipped with automated devices to:

Measure the quantities of bunker-fuel and slops in their respective tanks at each stage of the process, from bunker fuel loading onto the boat up to the slops disposal;

Potentially measure the cargo (tankers);

Measure the oily water density and composition at multiple levels in the tank, to track the quality of the slop;

Transmit the measures by GSM or satellite to control centres.

Software layer:

The software consist of the following core modules:

Data reception from the vessels, recycling plants and collectors and data management;
Data analysis and reporting of the data completeness, consistency and quality;
Creation of blockchain “smart tracks” (conceptually similar to smart contracts) with all the relevant information to monitor the bunker fuel to slop cycle of the vessel.

BLOCKCHAIN TECHNOLOGY

What is blockchain?

Blockchain is in essence ingeniously simple revolutionary protocol that allows transactions to be simultaneously decentralized and secure. It was invented by a person or a group of people using the name Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin. The identity of Satoshi Nakamoto is unknown. The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. But there is so much more to blockchain technology than digital currencies.

So how does blockchain really work?

Originally, blockchain is a growing list of records, called blocks, which are linked by using cryptography. Each block contains a cryptographic hash of the previous block, timestamp, and transaction data. By design, a blockchain is resistant to modification of the data. It is an open distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For the use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without alteration of all subsequent blocks, which requires consensus of the network majority.

COI BLOCKCHAIN ECO PLATFORM

Environmental battle: What is at stake in the coming changes?We can all agree that we live in a world with an overgrowth in economy, technology, population, etc. and that we have somehow forgot that we have no other planet to live on except this one. Exponential rise of new technologies has a massive effect on our habitat, and not always in a good way.

Outdated business models will change or shall disappear!

We all know that large shipping vessels use enormous amounts of fossil fuel and have a very negative carbon footprint while releasing huge amounts of CO2 in the atmosphere, that is afterwards spread over our land by winds. Little is known that large engines produce big amounts of unused oil waste, so called slops, that often end up in our oceans, seas, rivers, ground waters etc.

Our business model in short:

data and technology to create know-how and trustNowadays this is all tracked down by using shipping logs and other ways of old technology. This is enormous quantity of data being produced on a daily basis, and that part of shipping needs a serious update as well. From a corporate point of view, it would mean saving millions of dollars in revenue every month, and from environmental point of view it would bring carbon emissions and pollution to their minimum.

Blockchain technology and Ethereum platform

Let us take a deeper look from the angle of this new blockchain technology. First of all, it is called that way because the chain of information is made from a series of blocks which contains the information gathered from our earlier mentioned sensors. The sensors gather information about the temperature, volume, density and other vital information relevant to tracking oil in this process. How does that benefit ecology and corporations?

Application of Blockchain to our Business Model

Blockchain technology implemented in COI blockchain traceability platform allows us to monitor efficiency of different working levels in different places through independency of GSM network and by using satellites that provide fast and secure transaction of data so we can trace waste in the most precise way, and that is exactly what business entities need in order to do business sustainably and be socially responsible. Traceability is crucial in waste recycling industries if we want to continue using natural resources as we are used to and if we want to drink and breathe without using filters.

COI TOKENS

COI are tokens, based on Ethereum platform. COI tokens are offering carbon neutral traceability solutions and benefits to its users while achieving social, economic and environmental pillars of Sustainable Development Goal’s 2030 Agenda adopted by United Nations.

Ability of tracking waste management processes and inputting trustworthy data on public ledger is mitigating manipulation while improving transparency and increasing environmental economics.

Token info

Ticker: COI
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 COI = 0.07–0.119 USD
Accepted currencies: BTC, ETH, LTC, DASH, Euro, USD

TOKEN ALLOCATION

71%: ICO
2%: partners
2%: advisors
2%: meritocracy
18%: team
5%: treasury

USE OF FUNDS

23%: Operation + management
15%: legal + regulatory
5%: reserve funds
14%: sales + marketing
32%: research + development
11%: general + administrative

Roadmap

— Clean Sea Services SA (CSS)
established in Nyon, Switzerland with a mission to clean unwanted waste and save the environment with plug-in modules and know-how experience collected from all around the world.
— Urban Management DOO (UM)
established in Belgrade, Serbia with a vision to disrupt industries with technology such as blockchain and software solutions with wide implementations, from marketing, through real estate and hospitality to ecology, and beyond.
— Sustainable approach
CSS & UM started discussion about sustainability, climate changes and potential partnership.

Q1 2018 — CSS’s waste treatment
CSS started new research and development for increasing productivity of existing oil waste treatment modules, while UM was preparing land for new afforestation project and doing lab and geo research of land quality and characteristics.

Q2 2018 — UM’S afforestation actions
UM has planted 10.000 trees in order to cut CO2 from the atmosphere and decrease already enough polluted air in Balkan region. CSS started pollution and regulation research on African continent.

Q3 2018 — COI was born
Carbon Offset Initiative (COI) as idea was born. Primary mission to increase global awareness about climate change, pollution negative effects and global warming issues.

Q4 2018– CSS & UM partnership
Official partnership between Clean Sea Services and Urban Management signed in Ljubljana, Slovenia. UM’s tech team started developing new blockchain platform. CSS developed new generation of oil waste treatment modules.

Q1 2019– COI team
Initial COI team assembled and started improving sustainable mission, creating framework for whitepaper and technical paper and developing short-term and long-term business plans for Europe, EMEA, Africa and Asia.

Q2 2019 — Research & Development
Version 1 of technical paper and whitepaper issued, research and development of hardware and software for COI waste traceability platform began. Co-initiative.io updated and COI token created.

Q3 2019 — COI blockchain security
COI wallet security improved, co-initiative.io connected to blockchain platform, testing on COI token done and tokens are publicly ready for pre-sale. PRE-ICO/IEO began! Crowdfunding with discounted prices of COI tokens. Partnerships with exchanges, companies and institutions announced.

Q4 2019– Climate change awareness
Organized meetings with government officials, companies executives and funds representatives and venture capitalist in order to raise awareness of climate change and present our sustainable solution and innovative disruption in one of the biggest industries that pollutes the Earth.

Q1 2020– Further R&D
Version 2 of technical and white paper, co-initiative.io further development and update for crowdfunding period. COI wallet improved and ready for ICO/IEO to begin!

Q2 2020– Waste Traceability Platform
Research and development for COI waste traceability platform in middle phase. COI’s quality and quantity eco sensors prototypes ready for testing in bunker and slops tanks. Smart contracts connected with COI circulation tokens for verifications of different processes between subjects.

Q3 2020– App development
Beginning of COI App development for Android, iOS and Microsoft users with high security protocols and transparent data tracking through blockchain ledger. GPS and weather satellite monitoring connected to COI waste traceability platform and made more user-friendly.

Q4 2020– Finalisation
Final development and prototype tests of COI’s quality and quantity eco sensors, before mass production and implementation in tanks. Upgrading of COI’s hardware and software to be more compatible in transparent traceability waste management systems on different markets and for different waste.

TEAM

JEAN-CHRISTOPHE VAUTRIN: Founder
VUK BJELAJAC: Co-founder & CEO
JAS BAGRI: CFO
DESSY TODOROVA: CMO
DR JOSÉ LAMAS V.: CTO
SUSANNE STRÖM: Business Finance Advisor
STÉPHANE ALEC: Strategy Advisor
AKSHAT RAWAT: Shipping Industry Advisor
CINDY NGARAMBE: UN & NGO Representative
MARKO MITROVIĆ: Crypto Trading Expert
ADA HUANG: Digital Media Manager
DRUPAD DIWAN: PR

FOR MORE INFORMATION CLICK LINK BELLOW:

Website: https://co-initiative.io/?utm_source=CryptokenMedia&utm_medium=bitcointalk&utm_campaign=bounty
Whitepaper: https://co-initiative.io/wp-content/uploads/2019/10/v1.2-COI-WP.pdf
Telegram: https://t.me/coinitiative
Facebook: https://www.facebook.com/Carbon-Offset-Initiative-101959777895131/
Twitter: https://twitter.com/CarbonOffsetIn1

Username bitcointalk => lani123lani
Bitcointalk Profile => https://bitcointalk.org/index.php?action=profile;u=1220105
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