ClimateTrade announced a partnership agreement with TravelX, the company building the travel industry's blockchain-based distribution and retailing infrastructure. The partnership will help decarbonize the travel industry through the integration of ClimateTrade's API and TravelX's NFTickets, tokenized flight tickets traded and recorded securely on the blockchain.
Through the integration of ClimateTrade's API, customers buying NFTickets via TravelX's platform can easily calculate and choose to offset the emissions of their corresponding flights. Those customers will contribute to mitigation projects, such as reforestation and renewable energy, as selected by TravelX from the more than 60 verified global projects currently available on ClimateTrade's marketplace. Upon concluding a transaction, customers will automatically receive a personalized certificate with information about the amount of CO2 they offset, as well as a blockchain key for traceability, guaranteeing a direct impact in different Sustainable Developments Goal determined by the UN.