November 1, 2022 – St. Louis, MO —
Today, Tolam Earth announced it will launch a new marketplace for digital environmental assets, to allow enterprises globally to identify, price, buy, and sell carbon offsets. Carbon offsets are positioned to counteract activities that release greenhouse gasses into the atmosphere, and are often considered a critical step in an end-to-end corporate sustainability or ESG strategy.
Tolam is opening a new world of possibilities by tying the technology of automated market makers to real world variable assets represented on-chain. The tokenized agreements maintain full auditability of all attributes, roles, and actors throughout their life cycle. Today, carbon offsets are commoditized and in nearly all scenarios are traded without this level of veracity available.
Tolam’s Automated Regression Market Makers (ARMM) will drive optimal liquidity and pricing with its auto-purchasing mechanisms — enabling efficient price discovery for highly complex arrangements of attributes such as project type and geographic location. The ARMM simplifies the learning required for corporations to make large, secure purchase decisions in order to meet carbon reduction, neutrality, or net zero goals.
Tolam uses the world’s first fully open source digital measurement, reporting and verification (dMRV) policy workflow engine. “We provide traceable, reproducible records that document the emission process and life cycle of carbon credits, which reduce fraud in the ESG market,” says Matthew Porter, CEO of Tolam. “We are allowing companies to focus on climate outcomes rather than complex tools which we believe will build trust and transparency in the market.”
Tolam runs on Hedera, which enables ARMMs to operate efficiently, treating all climate assets on the public ledger as anchors of data with tokenized unique metric tonnes linked to audit trails with embedded data logged on the public ledger . “This technology acts as a smart contract controlled by a machine learning model focused on helping discover a global carbon price across a system of agents,” said Matthew Lawrenson, Chief Strategy Officer of Tolam. “The carbon assets account for the range of attributes in the voluntary carbon market such as vintage, methodology, verifiers, additionality, durability, and leakage.”
Incubated by two global technological forerunners — Object Computing Inc. and the HBAR Foundation, and built on Hedera, the greenest enterprise-grade public network — Tolam leverages the Hedera Hashgraph, a distributed, immutable ledger using non-fungible tokens, to ensure all data in the ecosystem is transparent and auditable.
The range of co-benefits of carbon offset projects can include the conservation of habitat for endangered species, sustainable development, and ecosystem services and regeneration. “We believe that the balance sheet of the planet must run on a public ledger, to provide the transparency and accountability that has been missing from ESG initiatives to date” said Wes Geisenberger, VP of ESG and Sustainability at the HBAR Foundation. “And we’re excited about building next generation liquidity for fully auditable carbon markets that maintain traceability down to the metric ton.”
The company is now registering initial corporate buyers and carbon offset project credit sellers into the online marketplace. More information can be found on www.tolam.io.
About Tolam Earth:
Tolam Earth is a digital marketplace to identify, price, buy, and sell carbon assets. All data in the ecosystem is transparent, digitally sourced, and auditable. With the price discovery and auto-purchasing mechanisms of Tolam, we drive optimal liquidity and pricing to all market participants. Tolam leverages the Hedera Hashgraph, the most used enterprise-grade public network, for corporations to quantify and report the impact of their sustainability investments.
About Object Computing:
Object Computing, Inc. is a modern consulting company that takes businesses from insights to outcomes using breakthrough technology. For more than 30 years, the technology team has unmatched expertise in designing and building solutions using today’s leading-edge technologies, including Machine Learning, Distributed Ledger Technologies, the Internet of Things, and Cloud. As one of the original pioneers of enterprise open source solutions, OCI strategically integrates best-in-class technologies into enterprise solutions to deliver impactful digital capabilities that enable exceptional extensibility, reusability, security, and quality. For additional information, please visit https://objectcomputing.com.
About the HBAR Foundation:
The HBAR Foundation supports the creation of Web3 communities built on the Hedera network, by empowering and funding the builders developing these communities. The Foundation’s six funds – focused on the Crypto Economy, Metaverse, Sustainability, Fintech, Privacy, and Female Founders – each support communities within those areas, and the interconnectedness enables applications to participate as part of a larger ecosystem. The collective power of these funds enables entrepreneurs, developers, and enterprises of all sizes to tackle some of the world’s largest problems, and create and control their own economies, all built on the Hedera public network. Whether you’re building something new or migrating an existing EVM-based application and community, the HBAR Foundation is here to support you. For additional information, please visit https://hbarfoundation.org.