Industry executives believe that simply trading carbon credits, whether they are blockchain-based or not, will not solve much for the environment because companies must understand why they are using carbon credits and how to make a real impact.​

At a panel discussion in Davos, Switzerland, on January 16, several executives from a blockchain platform for trading carbon credits spoke about the growing corporate interest in carbon trading.​

Karen Zapata, chief operating officer of carbon trading platform ClimateTrade, said sustainability has been a "hot topic" and many companies are keen to get involved, but many still don't understand it. Zapata stressed that if companies "don't even understand" what carbon credits are, they can't communicate to communities what they're doing.​

She added that people should focus less on the pricing behind carbon credits and more on their impacts, explaining that once the positive impacts are understood, price should come second.

Matthew Porter, CEO of carbon trading market Tolam Earth, added that carbon trading itself "cannot solve a lot of problems" if companies don't know why they are doing it and why they are creating "incentives and driving forces." He also added that putting carbon trading on the chain can only solve "a little bit" of inefficiency. (Cointelegraph)