Simply buying and selling carbon credits on the blockchain is not easy to have a great impact on the surrounding environment. Executives of the carbon blockchain feel that companies first need to understand why they need to use them and how to better cause real harm.

At a panel discussion hosted by Cointelegraph editor Natalie Lucrezia Kosal in Davos, Switzerland, several executives from the carbon blockchain platform mentioned the company's growing interest in carbon trading.

Karen Zapata, chief strategy officer for climate export trade on the carbon blockchain service platform, said that the concept of sustainable development has always been a "hot topic" and that many companies are keen to participate, but he stressed that many companies still do not understand this.

She recalled communicating with the sustainability director of a "big company" who told her that he didn't know what the carbon credit line was or "how it works", but his sales team put a burden on him and asked her to "facilitate the process".

Zapata notes that if companies do not "understand" what carbon credit lines are, they will not be able to communicate to the community what they are doing.

She added that people should be less concerned about the price tag behind carbon credits, but more concerned about their impact. Once the positive effect is learned, the price will come in second place, she explained.

Michael Porter, Tolam EarthCEO of the carbon market, joined the discussion, saying that carbon trading alone was "difficult to solve too many problems" and had no idea why it was done, creating "motivational factors".

He added that putting it on the chain overcame only a small part of the inefficiency.

Recently, the block chain industry does not lack the rapid development of carbon credit.

In October 2022, Filecoin Green was launched under the blockchain storage network Filecoin, an agreement laboratory program dedicated to reducing the environmental impact of its original ecological digital currency, Filecoin.

Its first project, CO2.Storage-, a Web3 data information storage server, aims to give clarity to carbon offsets and address all traditional storage servers for digital environment assets, including renewable resource credits.

WeWorkCEO Glover Neumann invested in the carbon data encryption industry in May 2022, raising $70 million in the first major equity round of his climate technology company FlowCarbon.

The project was set up to make carbon trading easier by placing carbon credits on the blockchain.