Xpecunia's future subsidiary Creturner International AB, in collaboration with Trust Anchor Group AB, has developed a digital solution to create lasting climate offsets that significantly improves the economic value of Smart Contracts. The solution, which will be launched in the first quarter of 2023, offers corporate customers an effective and permanent method to carbon offset their operations in a fast, exact and transparent way while Creturner CO2 Smart Contract holders receive a financial return on the amount invested in climate.
By digitizing carbon offsetting and creating Creturner CO2 Smart Contracts, which are based on the amount of carbon offset, we are increasing the availability and accessibility of the carbon offset market while introducing a range of additional benefits for Smart Contract holders. We are creating a more transparent and verifiable record of climate offsets stored securely in a distributed ledger, a so-called "Distributed Ledger Technology" Neuro-Ledger™, which prevents double counting and enables the use of legally verifiable Smart Contracts in combination with cryptographically secured identities in compliance with IEEE P1451.99.
A world-first standard for digital Smart Contracts is being processed by the worldwide certification body IEEE. There is now a proposed standard for digital Smart Contracts co-developed by Creturner and the Trust Anchor Group, which is a major breakthrough for digital standardisation, allowing transparency and trust to be verified and maintained.
The owner of the Smart Contract also gains access to information from the physical climate offset process through connected sensors and can transparently follow the process in detail. Each Smart Contract is unique, and can be verified by an independent third party who can also add information from the audit to created Smart Contracts and digitally "stamp" them with the audit protocol.
In addition to the direct benefits that Creturner's Bio-CSS business creates with its innovative approach to carbon offsetting effectively and directly, Smart Contract owners receive financial returns from a return fund with regular returns based on the total fund value that Smart Contract buyers create together. The Smart Contract holder thus receives an economic return value that increases over time. Climate offset costs thus become an investment and an asset both economically and environmentally.
Smart Contracts can be bought and sold on a marketplace scheduled to be launched in the first quarter of 2023, and customers are expected to be able to pre-purchase Smart Contracts shortly via Creturner's website www.creturner.com. All customers currently carbon offsetting through Creturner are planned to have the opportunity to obtain Smart Contracts when the solution goes live and is launched. The intention is to list the standardised Smart Contract on marketplaces and exchanges to make this innovation available to both customers and investors.
Creturner's CEO Joakim Erlandson comments:
"The present and future is digital and economics is based on transparency which with standardisation creates trust. Moving the environmental issue from a cost-based approach to an investment with an economic return in a tradable asset creates the opportunity to drive change. Creturner makes it profitable to act to improve the environment with this solution, companies get incentives that last, it feels extremely good says Creturner's CEO Joakim Erlandson."
Xpecunia's CEO Daniel Moström comments:
"The reception from the customers and potential customers we have presented this to has been very positive and we have been responsive to the dialogue in the development. We are well aware that the level of digital acceptance looks quite different and we let the customer choose. The economy is a force of nature and with a modern digital solution we can harness that force in a profitable and lasting environmentally sound way," says Xpecunia's CEO Daniel Moström."
Trust Anchor Group CEO Tommy Andorff comments:
"It is incredibly exciting to be working with Daniel Moström, Joakim Erlandson and the team at Creturner on this innovative service. Their unique business is really making a sustainable difference today and in the future. We are very much looking forward to helping companies and organisations with the gigantic challenge that climate change poses to us. This is a very important and active step in the right direction, where everyone can contribute," says Trust Anchor Group CEO Tommy Andorff."
Trust Anchor Group, TAG, is a deep technology partner for the next generation Internet/Web.3 TAG helps clients and partners create and manage physical and digital assets by offering a wide range of technology tools that can be used as a catalyst to make the world smarter and more sustainable. TAG's customers range from innovative startups to cities, organizations, governments and large technology companies that want to achieve their goals more efficiently.
Trust Anchor Group was founded in Stockholm in 2018 and today has operations and offices on multiple continents with a focus is on innovative technologies for harmonizing IoT devices, smart peer-to-peer payments, decentralized identities and distributed ledger technologies.
CEO: Tommy Andorff – +4676-546 6361
Address: Blekholmstorget 30F, SE-111 64 Stockholm, Sweden
We make the world a smarter place!
Creturner is a future subsidiary of Xpecunia Nordic AB.
Creturner International AB offers corporate customers an efficient and permanent method to offset their operations. The method is based on Bio-CSS (Carbon Capture and Storage), which involves converting residual biomass into the element carbon and storing it to reduce the amount of CO2 in the atmosphere. Corporate customers of Creturner can then purchase carbon offsets in the same way as they traditionally offset climate change, for example by planting trees. Unlike tree planting, Creturner's approach is immediate, permanent and clearly measurable.
CEO: Joakim Erlandson – +4670-8555255
Address: Atalasvägen 2, 777 34 SMEDJEBACKEN, Sweden
Xpecunia is fundamentally a technical computing company that is expanding to strengthen its long-term potential and create a presence in the rapidly growing market for computing capabilities. The company has its own facilities in Sweden with in-house energy production to reduce raw material costs and environmental impact. The company is listed on NGM Nordic SME in Stockholm, Sweden and on the Stuttgart Stock Exchange in Germany.
CEO: Daniel Moström – +4670-7446901
Address: Taptogatan 6, 115 27 STOCKHOLM, Sweden
Xpecunia Nordic AB (publ) org: 559152-3013