Global Agtech company Dimitra has introduced Dimitra Carbon, an initiative aimed at democratising the carbon offset market. This technology facilitates the inclusion of around 500 million small-scale farmers globally, who can now participate in the carbon market, a field previously inaccessible due to high costs and complex requirements.
The company expects this democratisation to empower farmers across South America, Africa, and Asia, regions where it already collaborates with local agricultural communities.
This new venture offers DMTR Carbon Credits that are rigorously verified, traceable, and compliant with strict environmental standards. Dimitra Carbon leverages blockchain technology to provide a high level of transparency, ensuring each carbon credit is traceable back to its origin and protected against double selling.
Jon Trask, CEO of Dimitra, stated, “By integrating blockchain technology, sustainability, and agriculture, we aim to make a significant impact on climate change and transform communities worldwide.”
The initiative uses the DMTR token to streamline carbon credit transactions, adding traceability and meeting regulatory standards. Additionally, Dimitra offers a 10% discount on carbon credits purchased with the DMTR token to encourage corporate participation and support for the growing carbon credit market.
Diego Costa, COO of Dimitra, noted the significant growth potential of the carbon credit market, which is projected to reach $50 billion by 2030. In response, Dimitra has appointed a carbon programme lead to focus on the carbon market, collaborating with its data science team.
Dimitra Carbon’s inaugural project is launching in Africa, where the company is already collaborating with local farmers to integrate sustainable agricultural practices, aiming to enhance productivity while reducing carbon emissions.