Decarbonizing Blockchain

Carbon Grid Protocol creates an economic framework to reward blockchain networks and DApps for offsetting their carbon footprint

Leveraging the rising blockchain-enabled economy,
we aim to unlock the potential for blockchain networks and DApps
to become major new players in the vast untapped global market for carbon credits.


Revolutionary technology but at the expense of the environment

Did you know that each bitcoin transaction requires the same amount of energy used to power nine homes in the US for a day? Or that each Bitcoin and Ethereum transaction emits 60kg and 10kg of carbon dioxide respectively. These compared to just 0.3grams of carbon dioxide being emitted for each VISA transaction*.

Bitcoin mining and the environment

*Based on data collected on: October 24, 2017 by South Pole Group as part of the Climate Ledger Initiative.

While Bitcoin and Ethereum have enabled us to perform tasks and create a trustless environment
for many practices today, it has been at a cost.

Carbon Grid Protocol will help solve this problem by introducing
tradable carbon credits backed by crypto-economic incentives to the blockchain ecosystem

Carbon Credits – the world’s answer to climate change that is now broken.

Carbon credits were created as an incentive for businesses and governments to adopt carbon-friendly business practices, with the aim of being the mechanism to balance the world’s carbon footprint. While it has grown to become a $52bn market, it has evolved to become limited by intermediaries. This results in a lack of market access for carbon credits.

Lack of public awareness

Carbon credits remain largely unknown to the public as a solution to combat climate change. In addition, for those who are aware of it, the access to channels to participate or purchase carbon credits it not easily accessible.

Reasons why it is not taking off
Highly centralized market

The demand-side of carbon market is largely dominated by brokers and funds. Project developers often have to rely on having relationships with these intermediaries to promote their project to end-buyers.

Snapshot of the carbon market in 2017
Lack of transparency and accountability

There is currently a lack of accountability to track the sources of carbon credits bought. The use of the distributed ledger will help provide the layer of provenance needed in the market.

Corruption present in the carbon market
The Size of the Carbon Market
Do these matter?

"Climate change is now affecting every country on every continent. It is disrupting national economies and affecting lives, costing people, communities and countries dearly today and even more tomorrow.

People are experiencing the significant impacts of climate change, which include changing weather patterns, rising sea level, and more extreme weather events. The greenhouse gas emissions from human activities are driving climate change and continue to rise. They are now at their highest levels in history. Without action, the world’s average surface temperature is projected to rise over the 21st century and is likely to surpass 3 degrees Celsius this century—with some areas of the world expected to warm even more. The poorest and most vulnerable people are being affected the most.

But climate change is a global challenge that does not respect national borders. Emissions anywhere affect people everywhere. It is an issue that requires solutions that need to be coordinated at the international level and it requires international cooperation to help developing countries move toward a low-carbon economy."

Due to existing structural market inefficiencies, up to 85% of the potential value in carbon credit trading remains unrealised. The value of this enormous untapped carbon asset pool can only be unlocked by radically increasing buyer-side awareness, accessability and demand.

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Carbon Grid Protocol:
bridging blockchain networks with the carbon credits market

Carbon Grid Protocol (CGRID) is designed as a complementary protocol layer enabling blockchain networks & DApps to efficiently access carbon credits to offset their carbon footprint. Our CGRID token dynamics will also provide compelling economic incentives for market participants to achieve and maintain carbon neutrality. Our ultimate goal is to promote the widespread adoption of carbon credits in blockchain as a valuable and readily tradable asset class.

Features of CGRID network

Community-driven governance

As the governance model, reputable parties in the green sector will be appointed as authority nodes to validate transactions on the Carbon Grid protocol. Community members can also be part of the voting committee by staking CGRID tokens.

Use of Gas fees

To also further propagate the goal of encouraging buyers’ demand of the carbon credits part, gas-fees used in the CGRID network will be used to purchase real-world carbon credits.

Access to the carbon market

Enabling DApp developers to have direct access to the carbon market so as to build up buyers’ adoption

Transparent ledger

Creating a provenance layer to provide the traceability for Carbon credits purchased

Roadmap & Milestones

*Project roadmap and timeline is subjected to changes.

In the Media

6 August 2018 Carbon Grid Protocol – How to Decarbonize Blockchain

The numbers are staggering. And the Bitcoin maximalists think theirs is the future. Bitcoin’s power consumption is extremely high compared to conventional...

31 July 2018 The Rise of ESG & Sustainable Governance in Blockchain

A changing of the guard is taking place right now, as the Baby Boomer generation moves into retirement and Millennials form a growing proportion of total capital investments...

23 July 2018 Turning On Power Disruption

New digital startups and inventors are finding new ways for everyone to enjoy the renewable energy, with nature, data and blockchain shaping the future of the market...

18 July 2018 How the blockchain industry can help lower carbon footprints

The blockchain industry relies on high energy use, but there are ways to prevent further damage.

13 July 2018 Blockchain Energizer – Volume 31

There is a lot of buzz around blockchain technology and its potential to revolutionize a wide range of industries from finance and healthcare to real estate...

16 July 2018 菜鳥拆解 ICO:Carbon Grid Protocol 是什麼?


12 July 2018 UN backs reducing cryptocurrencies’ carbon footprint

The UN climate change body is lending its support to a new company that aims to reduce the carbon footprint...

8 July 2018 New Era Energy Works to Slash Crypto Carbon Footprint

The crypto carbon footprint is something to take seriously. Cryptos like Bitcoin and Ethereum are revolutionary new technologies...

05 July 2018 The Startup Aiming to Wipe Out Blockchain’s Carbon Footprint

Does it take a blockchain to get rid of the carbon from other blockchains?...

29 June 2018 Why Carbon Grid Protocol is Unique in Blockchain

Carbon Grid Protocol is going to make blockchain transactions and mining environmentally friendly through their decarbonizing.

2 May 2018 Gaining from sustainability

More than just going green, being sustainable encompasses social and economic aspects that affect an SME's stakeholders and the wider community in which it operates...

05 February 2018 4 Cryptocurrency Trends to Watch in 2018

The virtue of blockchain and cryptocurrency technologies is the flexibility of the distributed ledger they rely on...

Transparent. Global. Accessible.

The digital gateway to the carbon market, with a focus on buyer’s adoption.

Jointly Developed By
Executive Team

To successfully execute the vision of Carbon Grid Protocol, we have put together a combination of energy, blockchain, crowdfunding, market trading, financing, regulatory and local expertise.


Andy Tan, CEO
Andy brings more than 8 years of working experience in Energy market, and over 5 years in the IT industry, specializing in Cloud implementation and software applications. Andy focuses on Regional Business Development to promote strategic investment and implementation of Carbon Grid Protocol.


Leonard Ng, COO
Leonard brings more than 5 years of working experience in technology implementation and project management. Leonard focuses on optimizing the technological stack and seek Subject Matter Expertise advice to deliver an optimum blockchain platform on network interactivity.

Elvin Li, CTO
Elvin is the Co-Founder of and was also the Head of R&D for Reebonz Pte Ltd. He has wealth of experience from his previous CTO role in various companies to oversee design, construct and evaluate ecommerce product implementations, redeveloped open ecommerce web platform and setup auto-scaling infrastructure, and deployment of warehouse management system.


Sharon Paul, CSO
Sharon is the co-founder of Cipher Ventures, a digital assets advisory and venture Studio. She brings over 4 years of experience in launching digital ventures, having co-founded a listing portal in the events sector and a web/mobile development agency. Sharon was also most recently led the community marketing for Gifto

Anna Duong Vu, CPO
Anna was a former Head of IT of SEA (formerly known as Garena) with demonstrated history of developing and transforming software development team. She has 15+ years of experience in software development, especially in eWallet and Payment Gateway. She has a Master degree in IT Management, Crestcom Bullet Management Certification and Certified PMP-PMI.

Michael Luong, Green Energy Specialist
Michael had 25+ years of experience in product and program management; managing large projects greater than $500M USD throughout Asia, USA, and Europe, with more than 400 engineers and professionals. Michael advises Carbon Grid Protocol team on operative and product development matters, which includes ways to measure and track CO2 reduction on Carbon Grid Protocol platform.

Alex Pham, CFO
Alex brings more than 15 years of working experience in Finance & Operations. Alex focuses on promoting strong and flexible strategic thinking to enhance profitability and create solutions. Alex holds a Master of Business in Banking and Finance from Monash University, Australia and is also a member of ACCA-UK.

Matthias Gelber, ECO
Matthias, our Environmental Chief Officer, was voted “Greenest Person on the Planet” in 2008, and was the co-founder of Maleki GmbH, a German company specializing in high performance, low carbon footprint construction materials. Matthias actively campaign for Carbon Grid Protocol in his personal and professional capacity wherever he goes as a speaker.


Nguyen Ho Nam, Chairman and Founder of Bamboo Capital Group
Ho Nam pioneer in investment banking within Indochina and a leader in championing the renewable energy developments within Vietnam. He took BCG from start up in 2011, to IPO in 2014 and to listed as top 100 Vietnam company in the VinaIndex in 2017.

Andy Tian, Co-founder & Group CEO of Asia Innovation Group (AIG) & GIFTO
Andy is a successful serial entrepreneur (AIG, his fourth startup). He is previously GM of Zynga China and while at Google, introduced Android to China. His latest venture in GIFTO focuses on decentralized Universal Gifting Protocol for Global Content Creators.

Charles Thach, Chief Crypto Officer of GIFTO
Charles is a seasoned banker (15yrs+) which specialises on AML/KYC. He is an investor in multiple blockchain companies. He co-authored a US patent pending technology to build a massively scalable and transactional cryptocurrency wallet.

Jeremy Seow, Partner of ChainRock
ChainRock is a global digital asset investment firm where he heads up business development from Singapore. He is an advisor to several other blockchain projects where he uses his past experiences and industry knowledge to help them succeed. Formerly he was a Senior Product Manager at Zendesk which he joined as a result of an acquisition.

Darren Toh, Director of BlockPR & Project Director of Carbon Conservation
Darren is a veteran regulatory lawyer, carbon market expert and communications specialist. He is a director at BlockPR, a leading blockchain-focused communications agency, and Project Director at Carbon Conservation, a company that has championed regional carbon projects for over a decade. He also advises on communications on a number of blockchain projects including Republic Protocol.

Kerry Gan, CEO of is a member of Broctagon Fintech Group as well as Sponsor Firm of the Gibraltar Blockchain Exchange (GBX). Kerry has over 12 years of experience in the financial industry working at leading financial institutions.

Ian Lee, Principal at Signum Capital
Ian is a principal with Signum Capital. He performs due diligence and analyses the project concepts. He reviews and provides valuable inputs to the decision making process as well as points of considerations for the portfolios. Signum Capital is a Singapore-based firm that exclusively consults in Blockchain-enabled companies. Their mission is to realize the future of Blockchain economy by consulting in game changing projects and companies. Signum also assist their portfolios in areas they need the most; be it in community engagement for their main ICO sale, pairing with institutional investors and advisers, or making strategic partnerships and M&A post-ICO.

John Barnes, Partner at PwC
John Barnes was a Partner in PwC’s Risk Assurance practice. He is the National Risk Assurance Risk & Quality Leader for PwC China and Hong Kong. He is an information systems audit specialist with over 20 years of experience. He is responsible for managing key clients of PwC in Hong Kong and Southern China, providing services relating to sustainability & climate change, regulatory assurance, audit assurance, business & IT process improvement, IT & environmental due diligence, data management, internal audit, project assurance and risk reviews, business contingency planning, information security (including Personal Data Privacy) and corporate governance.

David Kim, CEO at Blue Block Capital
David joins the team with 13+ years experience in M&A Advisory and management consulting covering blockchain and emerging technologies with PwC and Deloitte. While at PwC, he helped build the ICO advisory and FinTech/RegTech practice in 2017 and the Sustainability Reporting (ESG, CSR) practice in 2014. He also serves as a Venture Partner with Mindworks Ventures, a traditional VC out of Hong Kong.

Industry Partners

We are collaborating with a range of strategic investors, influencers and thought-leaders in the blockchain ecosystem, carbon credit markets and renewable energy sector. With their help, we aim to drive the active adoption of ground-breaking carbon offset practices for blockchain projects on a global scale.



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