XELS is an eco-tech platform offering a bespoke enterprise blockchain, coupled with a carbon credit-backed digital asset, for companies seeking a transparent and secure way to offset their adverse environmental impacts.
XELS uses cutting-edge satellite and artificial intelligence technology to quantify the actual amount of carbon sequestered by ecological projects, including protected ecosystems and reforestation campaigns.
According to an April 2021 report by the World Meteorological Organization (WMO), 2020 was one of the warmest years on record, with global average temperatures rising 1.2 degrees Celsius above pre-industrial levels. Furthermore, the six years since 2015 have been the warmest on record, with 2011-2020 being the warmest decade since data collection began.
Global warming has brought with it extreme heat and wildfires, more powerful storms and droughts, hotter and higher seas, and warmer summers and winters. Animals and humans alike are being forced to migrate en masse, seeking liveable ecosystems that are already overcrowded. Industries and economies are either already facing or preparing for the negative repercussions of climate change on supply chains and workforces.
The adverse effects of global warming have the potential to touch every corner of the globe. Businesses and individuals worldwide are waking up to the importance of clean, renewable energy for the survival of humankind and the natural wonders of our planet. Consumers are demanding change.
Despite the increased awareness of our dire situation, few people and organizations understand how to make a quantifiable contribution. Moreover, the carbon offset market is complex and suffers from fraud and corruption. Carbon credits vary in quality, and fake or unretired credits often find their way into the market - unbeknownst to their purchasers. Demand, even for offsets with uncertain credentials, has outstripped supply and led to a global shortage of high-quality, legitimate carbon credits.
All key climate indicators [show] relentless, continuing climate change, an increasing occurrence and intensification of extreme events, and severe losses and damage, affecting people, societies, and economies [...] and the impacts are already too costly for people and the planet. This is the year for action. Countries need to commit to net zero emissions by 2050.
Prof. Petteri Taalas | WMO Secretary-General
XELS Chain is a bespoke blockchain for carbon credit purchase, verification, and retirement. Transactions are public and cannot be reversed or duplicated.
XELS Token is a 1:1 representation of high-quality carbon offsets, verified by a combination of our own technology and renowned industry partners.
XELS’ nature-based carbon sequestration initiatives are captured and analyzed by leading satellite imagery providers, ensuring accuracy and accountability of credits that are tied to protected ecosystems and reforestation growth.
Captured satellite data is run though deep learning algorithms that can detect the ecological state of a project and accurately estimate the amount of CO2 sequestered. Big data can then be used to calculate, monitor, and predict CO2 removal for future projects.
Issued in near real time